Non-Animal Alternative Testing Market Opportunities, Business Forecast To 2029
The global non-animal alternative testing market size was valued at xx million US dollars in 2021 and is poised to grow at a CAGR of xx% during the forecast period 2023-2029. The primary factors that drive the market are technological developments in drug development, ethical issues regarding animal experimentation, high expenses for animal studies, and government initiatives for non-animal testing.
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The global non-animal alternative testing market segmentation:
1) By Technology Type: Cell Culture, High Throughput, Molecular Imaging, and OMIC Technology.
2) Method Type: Cellular Assay, Biochemical Assay, In Silico, and Ex-vivo.
3) End Users: Pharmaceutical Industry, Cosmetics & Household Products, Diagnostics, Chemical Industry, and Food Industry.
Cell Culture to Dominate the Non-Animal Alternative Testing Market:
Based on technology type, cell culture holds the highest market share. The major factor for the rise of this segment is that scientists often use cell culture technologies to evaluate a lot of test results simultaneously. With this method, abundant pharmacological tests are supported on eukaryotic cells, possibly human cells that have grown under cautiously controlled in vitro situations to imitate the environment of the human body. These factors can drive the global non-animal alternative testing market growth.
North America Non-Animal Alternative Testing Market:
Asia Pacific region is expected to grow significantly in the global non-animal alternative testing market over the forecast period. The Asia Pacific region is expanding as a result of to increasing ethical concerns about animal suffering. Apart from this, the region has been developing a ban on utilizing animals for pre-clinical testing and top market players are progressively investing in the development of new products in the region in order to fund the expansion of research facilities and activities there which has the potential for the growth of the non-animal alternative testing market in these regions.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
The global non-animal alternative testing market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.
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Key players’ profiles in the non-animal alternative testing market report are VITROCELL Systems GmbH, Evotec SE, Biovit, MB Research Laboratories, Emulate, Inc., TARA Biosystems, Inc., Bio-Rad Laboratories, Abbott, Hurel Corporation, and TissUse GmbH
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