Latest Market Research Reports

  In-vitro Toxicology Assays Industry The global in-vitro toxicology testing market size was estimated at USD 31.03 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.17% from 2024 to 2030. The growth of the market is attributed to continuous developments in toxicology research and advancement of technologies. In addition, rising emphasis on development of personalized medicines is further expected to boost the market during the forecast period. Awareness regarding the limitations and challenges associated with traditional toxicology screening methods has been growing. This has led to a broader acceptance of in-vitro testing as a valuable tool for assessing the safety and efficacy of compounds. In recent times, validation, and acceptance of in vitro and alternative testing methods by regulatory authorities is increasing at a lucrative rate. In addition, ongoing technological advancements to replace the use of animals for toxicology testing purpose...

In-vitro Toxicology Assays Industry For Cannabis And Nicotine Testing Overview The in-vitro toxicology assays market size for cannabis and nicotine testing was valued at USD 1,236.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2021 to 2028. Rising usage of products based on cannabis and nicotine and the introduction of technologically advanced products are factors driving the in-vitro toxicology assay market for cannabis and nicotine testing. In addition, the rise in an adolescent population, which is more prone to use nicotine and cannabis-related products, will aid in market growth. Furthermore, the number of countries legalizing the use of medical cannabis is expected to increase in the coming years resulting in increasing usage of medical cannabis across the globe. The potential for significant tax revenues from cannabis is another factor that has resulted in an increasing number of counties legalizing its medical use. Gather mo...