Wednesday, January 8, 2014

Global market for in vitro toxicity testing to reach nearly $9.9 billion by 2017

Classical toxicology testing programs are designed to generate definitive data concerning the adverse effects of a substance on human and animal health or the environment. Over the past 20 years, animal welfare and scientific activities have spurred the development of alternative testing methods. Stringent government regulation, improved access to health care, as well as ongoing research, development and scale-up of in vitro and in silico methods will shape significant near-term growth in this market

BCC Research provides an in-depth analysis of the global in vitro toxicity testing market through its report In Vitro Toxicity Testing: Technologies and Global Markets. According to the report, this market was valued at more than $4.9 billion in 2012. BCC Research projects the market to grow to nearly $9.9 billion by 2017, and register a five-year compound annual growth rate of 14.7% from 2012 to 2017.

Use this report to:

  • Gain an overview of the global in vitro toxicity testing market, with assessments of its growth potential and the current market scenario for alternative measures to animal testing.
  • Analyze global market trends, with data from 2011 and 2012, and projections of CAGRs for the period 2012 and 2017.
  • Evaluate the two major technology-based approaches, mechanistic and nonmechanistic.
  • Assess a breakdown of influential factors, such as validation of the alternative measures for toxicity and toxicity testing strategies for chemicals, pesticides, and food additives.
  • Review comprehensive company profiles of major players in the industry.
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To order your copy of this report or to download the complimentary introduction chapter, click here.

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