Early Toxicity Testing Market to Witness Growth Acceleration by Top Key Players 2021 - Agilent Technologies, Inc., Bioanalytical Systems, Inc.

The Global Early Toxicity Testing Market size was valued at USD 816.0 million in 2020 and is predicted to reach USD 2012.8 million by 2030 with a CAGR of 9.75% from 2021-2030.

Toxicity is a crucial parameter evaluated during the drug development. This parameter is used to measure the extent to which a particular substance can damage the living organism. Early toxicity testing is the pre-clinical study which is done in the early phase of drug development to avoid heavy financial losses. This study allows getting the knowledge about the effectiveness of various chemical substances on the bacteria and viruses. It also helps to eliminate the potential reasons for any drug failure through well designed and executed preclinical studies, which in turn leads to the successful drug development.

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Competitive Landscape

The global early toxicity testing market is highly competitive and consists of numerous market players. Some of the major market players are Agilent Technologies, Inc., Bioanalytical Systems, Inc., Bruker Corporation, Danaher Corporation, Evotec AG, Enzo Biochem, Inc., General Electric Company, Myriad Genetics, Inc., Perkinelmer Inc., Thermo Fisher Scientific, Inc., and others.

Market Dynamics and Trends:

The global early toxicity testing market is expected to witness significant growth during the forecast period, owing to increasing R&D activities and rise in stringent regulatory authorities concerning public healthcare welfare. In addition, technological advancements in vitro techniques, rise in adoption of in vitro models in the global early toxicity testing industry worldwide and surge in adoption of early toxicity testing is expected to fuel the market growth. However, limitations associated with preclinical testing hampers the market growth. On the other hand, innovation coupled with strategic collaboration and increased investment in research and development are further expected to create lucrative opportunities in the early toxicity testing market in the coming years.

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Market Segmentations and Scope of the Study:

The early toxicity testing market is segmented based on technique, end user, and region to provide a detailed assessment of the market. Based on technique, the market is divided into in vivo, in vitro, and in silico. Based on in vitro, it is further divided into assays and endpoints. The in vitro toxicity testing market by assays is further segmented into enzyme toxicity assays, bacterial toxicity assays, cell-based ELISA & western blots, receptor binding assays, and other assays. The in vitro toxicity testing market by toxicity endpoints is further divided into dermal toxicity, systemic toxicity, carcinogenicity, ocular toxicity, skin sensitization and irritation, neurotoxicity, organ toxicity, and other toxicity endpoints. By end user, it is categorized into pharmaceutical industry, food industry, chemicals industry, cosmetics industry, and other industry. Based on region, the early toxicity testing market size is analyzed across North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the largest share in early toxicity testing market owing to increased R&D activities, adoption of early toxicity testing and presence of developed healthcare infrastructure. Also, Europe is estimated to have the second largest market due to favorable government regulations.

However, Asia Pacific is expected to show tremendous growth in terms of its market size. This is attributed to the rising prevalence of chronic diseases and presence of numerous pharmaceutical companies that further increase the demand for effective drug discovery.

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