Summary

The Toxicology market is expected to grow at a strong CAGR of around 8% during the forecast period. Toxicology is a crucial aspect of public health and safety, as it plays a critical role in identifying and managing the harmful effects of chemicals and other substances on the human body. The market for toxicology is expected to grow at a significant rate due to factors such as increasing awareness about the adverse effects of exposure to toxic substances, advancements in toxicology testing methods, and rising government initiatives aimed at reducing the harmful impact of toxic substances on the environment and public health. For instance, the Frank R. Lautenberg Chemical Safety for the 21st Century Act is a law passed was passed in the US Senate and Administered by the United States Environmental Protection Agency, which regulates the introduction of new or already existing chemicals, the Act amends and updates the Toxic Substances Control Act (TSCA) that went into force in 1976.

Some of the major players operating in the market include Thermo Fisher Scientific Inc.; Labcorp Drug Development; Quest Diagnostics Incorporated.; Abbott; Bio-Rad Laboratories, Inc.; IDEXX Laboratories, Inc; Neogen Corporation.; Charles River Laboratories; Agilent Technologies, Inc.; and PerkinElmer Inc Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst application, the treatment segment is expected to grow at a considerable rate during the forecast period.”
Based on application, the market is segmented into treatment and diagnosis. As per our analysis, the treatment segment is expected to grow at a considerable rate during the forecast period. Treatment may involve the use of antidotes, activated charcoal, and other medications to neutralize the toxic effects of the substance and support vital bodily functions. The increasing environmental pollution and the high availability of toxic substances in food items attributes to the growth of the segment.

“Amongst end-use, the clinical & pharmaceutical segment held the dominant share in 2021.”
Based on the end-use, the market is segmented into clinical & pharmaceutical, forensics, veterinary, and others. As per our analysis, the clinical & pharmaceutical segment held the dominant share in 2021. Clinical and pharmaceutical toxicology includes a wide range of products and services that are used in drug development and toxicity testing. The increasing focus on drug development and its safety is the major attributing factor for the major share of the clinical & pharmaceutical segment.

“Asia Pacific is expected to grow with the highest CAGR Toxicology market during the forecast period.”
Asia Pacific is expected to grow with the highest CAGR Toxicology market during the forecast period due to its large population and increasing levels of toxicity in the natural resources of the region and increasing product launches in the region attributes to the market growth in the region. For instance, in October 2022, HUL's Pureit launched a new range of water purifiers to address growing concerns about toxic substances in drinking water.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global toxicology market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

ページTOPに戻る

Table of Contents