World Toxicology Services Market to Reach USD 14.343 Bn by 2025, States IQ4I in Its Discounted Report Available at MarketPublishers.com
18 Dec 2017 • by Natalie Aster
LONDON – Worldwide, the market for toxicology services is projected to gain good momentum at a CAGR in high single-digits to reach USD 14.343 billion by end-2025. Compulsory toxicology testing in different industries like pharma, farming, environmental and chemical, etc.; fast-paced technology advances; a hike in the demand for crop protection are amid the factors fuelling the industry’s growth. Growing trend in outsourcing the toxicology services and a rising number of final stage drug failures are opening fresher opportunities for the marketplace to expand and grow. Meantime, opposition to animal experimentation done in vitro as well as massive investments into repurposing current drugs are limiting the growth of the sector.
The North America region captures the lion’s market share, with Europe following after. The regional market is backed by considerable public funding, mandatory toxicology testing guidelines and streamlined toxicology guidelines, which contributes to an increase in the volume of tests. However, Asian nations, specifically China and India, are the most rapidly growing regions with its surging demand for toxicology services products.
Charles River Laboratories, Labcorp (Covance), Envigo, MPI Research, Eurofins (Luxembourg), Wuxi, SGS, and Evotec, amid others, are the dominant players in the market.
Discounted report “Toxicology Services Global Market – Forecast To 2025” elaborated by IQ4I Research & Consultancy provides a comprehensive, unprejudiced assessment of the market on a global level.
The study provides granular segmentation of the market based on method, industry vertical, endpoint test, and geography-wise. It provides market size estimates and forecasts for each of the sector and the overall marketplace. The report gives an all-round analysis of the drivers and opportunities, restraints and threats; presents an all-encompassing review of regulatory affairs; offers a market share analysis. The study sheds light on the company developments. The study canvasses the competitive scene and profiles the 10 dominant market players.
More discounted and new reports by the publisher can be found in IQ4I Research & Consultancy catalogue at MarketPublishers.com.