In-Vitro Toxicology/Toxicity Testing Market - Global Opportunity Analysis and Industry Forecast (2019-2025)

The global in-vitro toxicology testing market is expected to grow at a CAGR of 9% from 2019 to reach $14.4 billion by 2025. Factors such as ethical issues and pressure from animal activists’ groups concerning the use of animals for testing, ban on animal testing on cosmetic products, support from regulatory bodies regarding the approval of in-vitro tests, low costs associated with in-vitro toxicology testing, and advancements in in-vitro methodologies are driving the growth of the overall in-vitro toxicology market. Synergetic relationships between various stakeholders of the industry and increasing toxicology databases to facilitate the use of in-vitro test methods are further expected to offer significant growth opportunities for the players operating in this market. Regulatory bodies such as ICCVAM, ECVAM, JaCVAM, and OECD have already approved and validated more than 60 in vitro toxicology tests.

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