In Vitro Toxicity Testing Market to Exhibit 15.3% CAGR to 2018 as Animal Testing is Phased Out

Toxicity is degree and ability of a substance to have a detrimental effect on an organism. While some toxins occur in nature, others are manmade and a few others are byproducts of certain chemical combinations. The issue of toxicity needs to be handled with an extreme level of precaution in the healthcare and pharmaceutical industry. This is where in vitro toxicity testing plays an integral role. This method has ethical as well as scientific advantages leading regulatory authorities to accept its use. Thanks to this, the in vitro toxicity testing market is on the course to exponential growth over the next few years.

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The in vitro toxicology technique is not only more accurate but also helps save time and costs because testing is carried out on human cells rather than animals. The global toxicity testing market, which was valued at US$1,518.7 million as of 2011, is pegged to stand at US$4,114.1 million by 2018. Expressed in terms of CAGR, this growth translates into 15.3% between 2013 and 2018.Among the various end-use segments in the in vitro toxicity testing market, the cosmetics segment holds the largest share, and is trailed by the pharmaceuticals segment.

Mounting Pressure to Cease Toxicity Tests on Animals Pushes Demand for In Vitro Toxicity Testing

For many years, various products were first tested on animals to determine their toxicity levels. This practice is now declining thanks to the intervention of several animal rights groups that have been successful in bringing about a ban on animal testing. The bans have been enforced by regulatory authorities who continue to closely monitor toxicity testing procedures. Consumers, too, perceive products tested on animals in a negative light. These two-sided forces have compelled many companies in the pharmaceutical, nutraceutical and personal care industry to opt for in vitro toxicity testing instead. 

This is the greatest growth driver for the global in vitro toxicity testing market. Moreover, the numerous technological advancements that have made it possible to derive accurate results from in vitro toxicity testing (without involving animals) will further propel this market.

North America and Europe Hold Sizeable Share in In Vitro Toxicity Testing Market; APAC to Register Fastest Growth

As per recent research reports, the North America region held the largest share in the global in vitro toxicity testing market, with a value of US$526.9 million in 2010 and US$589.2 million in 2011. The North America region was trailed closely by Europe with a market valued at US$569.5 million in 2011. By 2018, Europe is projected to hold the largest share in the in vitro toxicity testing market because of the stringent ban on animal testing so as to assess how genotoxic various chemicals ingredients used in drugs and cosmetic products are. 

The fastest rate of growth will be seen in the Asia Pacific region with the rising healthcare awareness that prevails here. Moreover, the overall expansion in the economies of the countries such as China and India will augur well for the in vitro toxicity testing market in Asia Pacific. 

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