Market Industry Reports (MIR) has published a new report titled “Toxicology Services Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Toxicology Services Market accounted for over US$ 7510 million in 2019. It is anticipated to grow at a CAGR of 9.7% from 2019 to 2030. The market growth of toxicology services can be attributed to factors, such as increasing R&amp;D expenditure of pharmaceutical &amp; biotechnology industries, growing pressure from regulatory agencies, and demand for determination of toxicity levels in developing products. The European government has established Regulation (EC) No 1907/2006, establishing a European Chemical Agency called Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). This regulation ensures a high level of human and environment protection and promotes the development of alternative methods for assessing the hazards of substances. Moreover, even the OECD (Organisation for Economic Co-operation and Development) has adopted nine test guidelines for the pesticide residue chemistry to assess dietary risk management in food or animal feedstuffs.
Major Key Players of the Toxicology Services Market are:
Charles River, ITR Canada, Eurofins Scientific, WuXi AppTec, SGS SA, Merck KGaA, Evotec SE, Vipragen, GVK Biosciences Private Limited, Bioanalytical Systems, Inc. among others.
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Other factors such as determination of safety of clinical dose, to minimize risk through clinical trials, increasing concentration on drug discovery, and personalized medicine are fuelling the market growth. Furthermore, an increasing number of toxicology databases are driving consumer awareness and are expected to positively impact the growth of the toxicology services market. Moreover, mandatory toxicology testing in industries such as pharmaceutical, chemical and agricultural among others, end-stage drug failures and rising adoption of outsourcing trend is boosting the toxicology services market.
However, the high cost of these technologies with high technical requirements and dearth of skilled professionals is restraining the market growth to a certain extent. North America is estimated to account for the largest market share during the forecast period. Stringent toxicology testing regulations, a large number of service providers, government funding in R&amp;D and rising pipeline drugs are contributing to the growth of the market.
Major Methods of Toxicology Services Market covered are:
In Vivo Method
In Vitro Method, and In Silico Method
Major Applications of Toxicology Services Market covered are:
Pharmaceutical &amp; Biotechnology
Cosmetics and Chemical
– To study and analyze the global Toxicology Services consumption (value &amp; volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Toxicology Services market by identifying its various sub-segments.
– Focuses on the key global Toxicology Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Toxicology Services with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Toxicology Services Market Size
2.2 Toxicology Services Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Toxicology Services Market Size by Manufacturers
3.2 Toxicology Services Key Players Head office and Area Served
3.3 Key Players Toxicology Services Product/Solution/Service
3.4 Date of Enter into Toxicology Services Market
3.5 Mergers &amp; Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Toxicology Services Sales by Product
4.2 Global Toxicology Services Revenue by Product
4.3 Toxicology Services Price by Product
5 Breakdown Data by End User
5.2 Global Toxicology Services Breakdown Data by End User
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In the end, Toxicology Services industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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