The global in-vitro toxicology testing market size is expected to reach USD 26.98 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 11.4% during the forecast period. Technological advancements in computational biology along with introduction of novel efficient algorithms help in conduct of efficient stimulation of in-silico animal models. This, in turn, has significantly curtailed the need for animal models for clinical studies, thereby providing a fillip to the market.
Furthermore, scientists are increasingly engaging in enhancing the efficiency of databases that are designed to catalog vast information for toxicity profiling. This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period. Growing inclination of government toward non-animal test and consequent establishment of guidelines on the use of alternative test assays for pre-clinical research and toxicology testing is expected to bolster the adoption of in-vitro toxicological tests. Full Research Report On Global In-vitro Toxicology Testing Market By Grand View Research: www.grandviewresearch.com/industry-analysis/in-vitro-toxicology-testing-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/biotechnology Grand View Research has segmented the global in-vitro toxicology testing market on the basis of technology, method, application, end-use, and region: In-vitro Toxicology Testing Technology Outlook (Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-in-vitro-toxicology-testing-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
0 Comments
Leave a Reply. |