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According to the latest report by IMARC Group, titled “ Early Toxicity Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 022-2027
” the global early toxicity testing market reached a strong growth in 2021.
Early toxicity testing is the process of determining the level of cell damage, the therapeutic potential and safe concentration of drugs. It is carried out during preclinical stages through several biological procedures to analyze the species, organs, and dose-specific toxic consequences of the product. It is also performed using numerous ways, such as silico on a computer, in vitro in laboratories, and in vivo on animals, to study accidental exposures to any substance.
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The market is primarily driven by the rising adoption of early toxicity testing in various industrial applications to determine the degree of toxicity and ensure that products are safe for human consumption. In addition, the growing prevalence of numerous diseases and the consequent requirement for safe drugs and biological products are further contributing to the market growth.
Besides this, the market is also propelled by the increasing research and development (R&D) activities and the implementation of stringent regulatory guidelines to determine the viability of various drugs. Moreover, the escalating demand for cosmetic products is increasing the utilization of early toxicity testing in the personal care industry to ensure the safety of the products, which in turn is propelling the market growth.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Enzo
Eurofins
Evotec
Merck
PerkinElmer
SGS
Thermo
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