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Europe In-vitro Toxicology Testing Industry Regional, and country-level analysis

(PharmaNewsWire.Com, August 16, 2017 ) Europe In-vitro Toxicology Testing Industry is expected to reach USD 8.40 billion by 2021 from USD 4.60 billion in 2016, growing at a CAGR of 12.80% for the next five years 2016-2021.
In-vitro toxicology testing is the scientific analysis of toxic effects produced by chemical substances on cultured mammalian cells or bacteria. Toxicity testing is very essential in drug discovery as identifies the toxic effects of new compound in the early stages of drug discovery. This early detection of toxicity reduces the development cost and time.
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Increasing chronic diseases, growing aging population, rising technological advancements, growing demand for healthy life style, availability of government supported anti-animal testing laws, and existence of favorable regulatory policies (such as European government banned the production & sale of all animal tested cosmetics in Europe) are driving the growth of in-vitro toxicology testing market in Europe. However, high cost of technologies and lack of awareness on the in-vitro toxicology testing utilization are restraining the growth of in-vitro toxicology testing market in Europe.
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Market Segmentation
• Product
 Assays
 Reagents & Labware
 Services Growth Hormone Therapy
• Type
 ADME (Absorption, Distribution, Metabolism, and Excretion)
 Dose
 Toxic Substance
• Toxicity Endpoints & Tests
 Systemic Toxicity
 Dermal Toxicity
 Carcinogenicity
 Ocular Toxicity
 Skin Sensitization & Irritation
 Genotoxicity
 Neurotoxicity
 Organ Toxicity
 Other Toxicity Endpoints & Tests
• Technology
 OMICS Technologies
 Cell Culture Technology
 High-Throughput Technologies
 Molecular Imaging Technologies
• Method
 In-Silico Methods
 Biochemical Assays
 Cellular Assays
 Ex-Vivo Models
• Industry
 Cosmetics and Household Products
 Diagnostics
 Pharmaceuticals
 Food Industry
 Chemicals
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On the basis of geographical areas, Europe in-vitro toxicology testing market is segmented as U.K., Germany, France, Italy, and Spain. Germany is estimated to account for the largest share of the Europe in-vitro toxicology testing market in 2016, whereas France is estimated to grow at the highest CAGR during the forecast period 2016-2021.
The key players in in-vitro toxicology testing market include, Covance, Inc. (A subsidiary of LabCorp) (U.S.), Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Eurofins Scientific SE (Luxembourg), General Electric Company (U.S.), BioReliance, Inc. (A subsidiary of Merck & Co, Inc.) (U.S.), Charles River Laboratories International, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Catalent (U.S.), and Cyprotex (U.K.), among others.
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