The worldwide Toxicology Testing Services market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Increase in demand for detection of toxicity of products during their early stages of development, rise in R&D expenditure, growing preference for outsourcing of toxicological studies to contract research organizations, rise in consumer awareness about safety associated with the use of health care and cosmetic products, and increase in concern of toxicological effects of agricultural products on food and environment are some of the factors boosting the demand for toxicology testing services. Moreover, emergence of technologies, such as predictive toxicology testing services which avoid the use of animals for toxicology testing and stringent regulations associated with toxicology testing before marketing approval of new molecules are expected to drive the growth of the global toxicology testing services market during the forecast period.
s the report focuses on global Toxicology Testing Services market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
LabCorp
Charles River Laboratories
Eurofins Scientific
Bureau Veritas
Envigo
Evotec
Merck
SGS Group
Pharmaceutical Product Development (PPD)
WuXi AppTec
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
In Vivo Method
In Vitro Method
In market segmentation by applications :
Pharmaceutical & Biotechnology
Cosmetic
Chemical
Medical Devices
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Toxicology Testing Services market for the forecast period 2020 - 2025?
• What are the driving forces in the Toxicology Testing Services market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Toxicology Testing Services industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?