The Global In
Vitro Toxicity Testing market can be divided into four end-user segments:
Cosmetics and Personal Care Industry, Pharmaceuticals Industry, Food Industry,
and Chemicals Industry. The Global In Vitro Toxicity Testing Market 2014-2018, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report presents the vendor landscape and a corresponding detailed
analysis of the top four vendors in the market. In addition, the report
discusses the major drivers that influence the growth of the Global In Vitro
Toxicity Testing market. It also outlines the challenges faced by the vendors
and the market at large, as well as the key trends that are emerging in the
market. The report also includes a discussion of the key vendors operating in
this market.
Analysts forecast
the Global In Vitro Toxicity Testing market will grow at a CAGR of 15.84
percent over the period 2013-2018. Animal welfare organizations across the
world are supporting in vitro toxicity testing. Cosmetic as well as chemical
companies are trying to market and sell their products by campaigning
animal-free testing. Popular brands of cosmetics are implementing animal-free
testing policies to market and sell their products. Vendors are targeting
compassionate consumers by marketing their products as cruelty-free food,
cosmetics, and clothing as cruelty-free testing does not damage the environment
or produce harmful waste. For instance, the Body Shop follows a no-animal-tests
policy to sell its products. Thus, the increase in animal-free testing
campaigns has opened up new avenues for the market.
The report recognizes
the following companies as the key players in Global In-vitro Toxicity Testing
Market: Accelrys Inc., Bio-Rad Laboratories Inc., Charles River Laboratories
International Inc. , Covance Inc. , Entelos Inc., MattekCorp., Molecular
Toxicology Inc., RTI Health Solutions, SBW Ltd., Smithers Group Inc.,
Xenobiotic Detection SystemsInc., Xenometrix AG.
Key Questions
Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
According to the
report, the Global In Vitro Toxicity Testing market is driven by several
factors, of which an increase in opposition to animal testing is one of the
major drivers. Since animals are used as test subjects, toxicity testing is
opposed by the majority of animal rights activists. This results in the
increased adoption of in vitro toxicity testing and helps in the growth of the
market.
Further, the
report states that the accuracy and reliability of in vitro toxicity testing is
one of the major challenges faced by the market vendors. In vitro toxicity
testing requires proper laboratory setup as well as high-quality cell and
tissue culture and good aseptic techniques.
