DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/t58qhp/global_invitro) has announced the addition of the "Global In-vitro Toxicity Testing Market 2014-2018" report to their offering.
The analysts forecast the Global In Vitro Toxicity Testing market will grow at a CAGR of 15.84 percent over the period 2013-2018.
The Global In Vitro Toxicity Testing market is driven by several factors, of which an increase in opposition to animal testing is one of the major drivers. Since animals are used as test subjects, toxicity testing is opposed by the majority of animal rights activists. This results in the increased adoption of in vitro toxicity testing and helps in the growth of the market.
Animal welfare organizations across the world are supporting in vitro toxicity testing. Cosmetic as well as chemical companies are trying to market and sell their products by campaigning animal-free testing. Popular brands of cosmetics are implementing animal-free testing policies to market and sell their products. Vendors are targeting compassionate consumers by marketing their products as cruelty-free food, cosmetics, and clothing as cruelty-free testing does not damage the environment or produce harmful waste. For instance, the Body Shop follows a no-animal-tests policy to sell its products. Thus, the increase in animal-free testing campaigns has opened up new avenues for the market.
Further, the report states that the accuracy and reliability of in vitro toxicity testing is one of the major challenges faced by the market vendors. In vitro toxicity testing requires proper laboratory setup as well as high-quality cell and tissue culture and good aseptic techniques.
The Global In Vitro Toxicity Testing market can be divided into four end-user segments:
- Cosmetics and Personal Care Industry
- Pharmaceuticals Industry
- Food Industry
-
Chemicals Industry.
Key Vendors
- Accelrys Inc.
- Bio-Rad Laboratories Inc.
- Charles River Laboratories International Inc.
- Covance Inc.
Other Prominent Vendors
- Entelos Inc.
- Mattek Corp.
- Molecular Toxicology Inc.
- RTI Health Solutions
- SBW Ltd.
- Smithers Group Inc.
- Xenobiotic Detection Systems Inc.
- Xenometrix AG
Key Market Drivers/Challenges/Trends
- Increasing Opposition to Animal Testing.
- Concerns about Accuracy and Reliability of the Test.
- Increase in Animal-free Testing Campaigns.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Toxicology
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/t58qhp/global_invitro
