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The Global Toxicology Testing Market is expected to grow by $27.5 bn during 2023-2027, accelerating at a CAGR of 15.09% during the forecast period


Global Toxicology Testing Market 2023-2027 The analyst has been monitoring the toxicology testing market and it is poised to grow by $27. 5 bn during 2023-2027, accelerating at a CAGR of 15.

New York, Dec. 06, 2022 (GLOBE NEWSWIRE) -- announces the release of the report "Global Toxicology Testing Market 2023-2027" -
09% during the forecast period. Our report on the toxicology testing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in toxicology testing in food industry, regular use of toxicology testing in pharmaceutical and biotechnology industries, and the increasing use of in-vitro tests as alternative to animal testing.

The toxicology testing market is segmented as below:
By Technology
• Cell culture technology
• High throughput technology
• Molecular imaging
• OMICS technology

By End-user
• Pharmaceutical industry
• Food industry
• Others

By Geographical Landscape
• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the advances in toxicology as one of the prime reasons driving the toxicology testing market growth during the next few years. Also, the presence of toxic substances and increased use of toxicology testing in forensics will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the toxicology testing market covers the following areas:
• Toxicology testing market sizing
• Toxicology testing market forecast
• Toxicology testing market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading toxicology testing market vendors that include Abbott Laboratories, Agilent Technologies Inc., Aragen Life Sciences Pvt. Ltd., Beckman Coulter Inc., BICO Group AB, Bio Rad Laboratories Inc., BioIVT LLC, Charles River Laboratories, CompuDrug Ltd., Evotec SE, Ingenza Ltd., Laboratory Corp. of America Holdings, Merck KGaA, PerkinElmer Inc., Quest Diagnostics Inc., Randox Laboratories Ltd., SGS SA, Thermo Fisher Scientific Inc., Catalent Inc., and Eurofins Scientific SE. Also, the toxicology testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report:

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