Thailand In-vitro Toxicology Testing Market Size & Outlook
Thailand in-vitro toxicology testing market, 2018-2030 (US$M)
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Thailand in-vitro toxicology testing market highlights
- The Thailand in-vitro toxicology testing market generated a revenue of USD 202.0 million in 2023 and is expected to reach USD 329.5 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, pharmaceutical industry was the largest revenue generating end user in 2023.
- Diagnostics is the most lucrative end user segment registering the fastest growth during the forecast period.
In-vitro toxicology testing market data book summary
| Market revenue in 2023 | USD 202.0 million |
| Market revenue in 2030 | USD 329.5 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceutical industry |
| Fastest growing segment | Diagnostics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pharmaceutical Industry, Cosmetics And Household Products, Academic Institutes and Research Laboratories, Diagnostics, Chemicals Industry, Food Industry |
| Key market players worldwide | Charles River Laboratories International Inc, SGS, Merck KGaA, Eurofins Scientific SE, Abbott Laboratories, Labcorp Holdings Inc, Evotec SE, Thermo Fisher Scientific Inc, Quest Diagnostics Inc, Agilent Technologies Inc, Catalent Inc, Danaher Corp, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.7% of the global in-vitro toxicology testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China in-vitro toxicology testing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,552.1 million by 2030.
Pharmaceutical industry was the largest segment with a revenue share of 43.22% in 2023. Horizon Databook has segmented the Thailand in-vitro toxicology testing market based on pharmaceutical industry, cosmetics and household products, academic institutes and research laboratories, diagnostics, chemicals industry, food industry covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing participation in laboratory exhibitions can have a positive impact on the in-vitro toxicology testing market competition in Thailand. Laboratory exhibitions provide a platform for companies to showcase their capabilities, new technologies, and services to a wider audience.
For instance, Thailand LAB INTERNATIONAL is a premier laboratory exhibition in Asia that features a wide range of laboratory instruments and equipment. The exhibition covers various fields, including calibration & metrology, analytical & testing, environmental & safety, clinical & diagnostics, and R&D.
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In-vitro Toxicology Testing Market Scope
In-vitro Toxicology Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand in-vitro toxicology testing market size, by end user, 2018-2030 (US$M)
Thailand In-vitro Toxicology Testing Market Outlook Share, 2023 & 2030 (US$M)
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