Arab & Middle East News
(ARABNEWSWIRE.COM, January 10, 2018 ) Middle East and Africa in vitro toxicology testing market is expected to reach USD 3.41 billion by 2021 from USD 1.63 billion in 2016, growing at a CAGR of 15.91% for the next five years 2016-2021.
In-vitro toxicology testing is the scientific analysis of toxic effects produced by chemical substances on cultured mammalian cells or bacteria. Toxicity testing is very essential in drug discovery as identifies the toxic effects of new compound in the early stages of drug discovery. This early detection of toxicity reduces the development cost and time.
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Growing demand for advanced technologies, increasing government funding for research, and presence of different analytical methods in bioinformatics & biotechnology are driving the growth in-vitro toxicology testing market in of Middle East & Africa. However, limited accessibility of advanced toxicology testing technologies, scarcity of technical experts, and lack of health care infrastructure & outdated facilities are restraining the growth of in-vitro toxicology testing market in Middle East & Africa.
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Middle East & Africa in-vitro toxicology testing market is segmented based on the product, type, toxicity endpoints & tests, technology, method, and industry. Based on product, the market is further sub-segmented as assays, reagent & labware, and service. Assays segment is estimated to command the largest share of Middle East & Africa in-vitro toxicology testing market by product in 2016. Based on type, the market is segmented as ADME, dose, and toxic substance.
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In-vitro toxicology testing Market: Segmentation
• Toxicity Endpoints & Tests
The key Market players in In-Vitro Toxicology Testing Market are
• Covance, Inc. (A subsidiary of LabCorp) (U.S.)
• Agilent Technologies, Inc. (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• Eurofins Scientific SE (Luxembourg)
• General Electric Company (U.S.)
• BioReliance, Inc. (A subsidiary of Merck & Co, Inc.) (U.S.)
• Charles River Laboratories International, Inc. (U.S.),
• Thermo Fisher Scientific, Inc. (U.S.), Catalent (U.S.),
• Cyprotex (U.K.), among others
On the basis of geographical areas, Middle East & Africa in-vitro toxicology testing market is segmented as Middle East, South Africa, and rest of Middle East & Africa.
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