HNY Research projects that the Toxicology Testing Services market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increase in demand for detection of toxicity of products during their early stages of development, rise in RandD expenditure, growing preference for outsourcing of toxicological studies to contract research organizations, rise in consumer awareness about safety associated with the use of health care and cosmetic products, and increase in concern of toxicological effects of agricultural products on food and environment are some of the factors boosting the demand for toxicology testing services. Moreover, emergence of technologies, such as predictive toxicology testing services which avoid the use of animals for toxicology testing and stringent regulations associated with toxicology testing before marketing approval of new molecules are expected to drive the growth of the global toxicology testing services market during the forecast period.
By Market Players:
WuXi AppTec, Charles River Laboratories, Inc.Â , Eurofins ScientificÂ , Bureau VeritasÂ , Envigo, Evotec AGÂ , Merck KGaA, SGS Group, Pharmaceutical Product Development, LLC. (PPD), Laboratory Corporation of America HoldingsÂ , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
In Vivo Method, In Vitro Method, In Silico Method, , , , , ,
By Type of Industry
Pharmaceutical and Biotechnology, Cosmetic, Chemical, Medical Devices, Others (Food, Agricultural, Environmental), , , ,
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