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Vigorous in-vitro growth
December 2019
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The global in-vitro toxicology testing market is forecast to grow to $7.75 billion by 2022, according to a report from Persistence Market Research. This type of testing enables drug developers to uncover toxicity issues earlier in the drug development process, potentially saving millions of dollars by identifying drugs that could fail in late-stage development. Within this market, the services segment is expected to reach a value of nearly $2.4 billion by 2022, having accounted for an estimated one-third of the revenue for the product and services type segment by 2017. The pharmaceutical/biotech industry segment is forecast to total $3.5 billion by 2022, with the largest contributor consisting of the North American region. Cell culture technologies will also see an upward trend, with the report predicting a compound annual growth rate of 5 percent from 2017 to 2022.

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