In Vitro Toxicity Testing MarketSize and Trends

Global in vitro toxicity testing market is estimated to be valued at US$ 7.8 billion in 2023 and is expected to exhibit a CAGR of 13.5% during the forecast period (2023-2030).

Global In Vitro Toxicity Testing Market – Driver

Incrasing inorganic activities among market players and research institutes

Increasing inorganic activities such as agreemetnts among market players and research institutes is expected to drive growth of the global in vitro toxicity testing market in near future. For instance, on March 9, 2023, The Institute for In Vitro Sciences (IIVS), U.S. and Toxys, a biotechnology company, entered into a license agreement that allows IIVS to offer the ToxTracker assay. ToxTracker is an in vitro assay that allows identification of the genotoxic and potentially carcinogenic properties of novel and existing drugs, agrochemicals, cosmetics and other substances without the use of animal testing.

Figure 2. Global In Vitro Toxicity Testing Market Share (%), By Region, 2023

Global In Vitro Toxicity Testing Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had positive impact on the global in vitro toxicity testing market owing to the increasing research and development activities. For instance, according to article published by National Centre for Biotechnology (NCBI) on May 21, 2022, Additionally to general toxicity studies across all 3 compound classes, pharmacokinetic studies for mAbs and small molecules, reproduction toxicity testing for vaccines and small molecules, and genotoxicity testing, a study was conducted for immunogenicity/efficacy or related pharmacology/biological activity that were useful against SARS-CoV-2. In contrast to traditional, drawn-out drug development, the creation of vaccines, and small molecules made use of existing platform technology or data that was available for other development programmes. The ability of mAbs to target the spike protein, and cause neutralisation made it possible for clinical candidates to develop quickly.

Global In Vitro Toxicity Testing Market – Statistical Analysis

Global in vitro toxicity testing market report is segmented into by type, by end user, and region.

By Type, the market is segmented into absorption, toxic substances, and dose. Out of which, the absorption segment is expected to hold a dominant position in the global in vitro toxicity testing market during the forecast period due to rising use of in vitro toxicity test assessment in metabolites.

By End User, the market is segmented into cosmetics industry, pharmaceutical industry, food industry, and chemicals industry. Out of which, the food industry segment is expected to hold a dominant position in the global in vitro toxicity testing market during the forecast period due to increasing research and development activities for invitro toxicity testing in food industry.

Among all the segmentations, the type segment is expected to hold a dominant position in the global in vitro toxicity testing market. Out of which absorption segment dominated the market. For instance, on April 17, 2023, an article published by MDPI, an scientific journal, stated that digestion process can modify the bioactivity of a compound, affecting its bioaccessibility and bioavailability. Therefore, the simulation of the gastrointestinal process is fundamental to predict its potential effect in vivo toxicity to mimic the physiological absorption processes.