Toxicology Drug Screening Market

Toxicology Drug Screening: Market Dynamics

Growing technological advancements leading to development of novel screening products, increasing availability of high-end drug screening instruments, reagent and kits coupled with wide application areas for toxicology drug screening are some of the major factors expected to drive the growth of toxicology drug screening market. Introduction of rapid and automated toxicity detection technologies, increasing government expenditure on toxicity testing and favorable reimbursement policies in toxicity screening is further propelling the growth of toxicology drug screening market. Also, rise in demand for toxicology drug screening in the food and beverage industry, and chemical industry is also expected to drive the growth of toxicology drug screening market. However, inadequate efficacy of conventional techniques and longer time taken by laboratories for sample testing are some of the factors restraining the toxicology drug screening market growth.

Toxicology Drug Screening Market: Overview

Based on product type, in-silico screening and assays are most commonly used methods for toxicity testing in the toxicology drug screening market owing to the rapid and accurate results obtained from them. Toxicology drug screening is majorly done using high-throughput technique and genomics. The cosmetics and household segment in applications is expected to register largest revenue shares in in toxicology drug screening market owing to the increased demand of toxicological testing in early diagnosis of illegal drug consumption, thereby fueling the toxicology drug screening market over the globe. However, the product has significant end user application in hospitals and trauma centers, thus accounts for a significant market share in global toxicology drug screening market.

Toxicology Drug Screening Market: Region-wise Outlook

On the basis of geography, global toxicology drug screening market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Europe is projected to hold largest shares in the global toxicology drug screening market primarily due to growing R&D activities to detect toxicity levels in the human body at early stages. Europe is followed by North America which registers second largest shares in global toxicology drug screening market worldwide. However, Asia Pacific is expected to experience a robust growth over the forecast period and generates high revenues in global toxicology drug screening market.

Toxicology Drug Screening Market: Key Players

Some of the key players present in global toxicology drug screening market are Agilent Technologies, Inc., Covance, Inc., Bio-Rad Laboratories, Inc., General Electric Company, BioReliance, Inc., Thermo Fisher Scientific, Inc., Eurofins Scientific SE, GE Healthcare, Quest Diagnostics, Alere, Inc., Enzo Life Sciences, Inc. and others.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.