Market Size of Toxicology Drug Screening Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 14.51 Billion |
Market Size (2029) | USD 22.09 Billion |
CAGR (2024 - 2029) | 8.77 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Toxicology Drug Screening Market Analysis
The Toxicology Drug Screening Market size is estimated at USD 14.51 billion in 2024, and is expected to reach USD 22.09 billion by 2029, growing at a CAGR of 8.77% during the forecast period (2024-2029).
The emergence of the COVID-19 pandemic had a significant impact on the market studied. Due to the onset of COVID-19, the need for vaccines and effective treatment development increased. This further increased the extensive use of toxicological screening methods in drug development. According to an article published in the PMC journal in July 2022, various government authorities recommended nonclinical safety studies such as efficacy, biodistribution, and toxicology studies prior to proceeding to First-in-human (FIH) clinical trials for COVID-19 vaccine candidate consisting of a novel product type for which no prior nonclinical and clinical data were available prior. Such instances show that the demand for toxicology testing increased during the pandemic, fueling the market growth, and the studied market is likely to witness growth during the forecast period.
The studied market is driven by three major factors such as increasing research and development (R&D) expenditure, technological advancements in toxicity screening, and rising demand for toxicological drug screening.
Chronic diseases are major factors that are fueling the demand for drug discovery and increase in R&D expenditure. Cancer and heart diseases are the major cause of healthcare burden globally. According to the 2022 update by 'Cancer Research UK,' if the recent trends in the incidence of major cancers and population growth are consistent, the new cancer cases will reach 27.5 million worldwide by 2040. With the rise in disease incidence, the major companies are concentrating on developing new drugs and therapeutics, followed by a demand generation for toxicology drug screenings for the same. Hence, the studied market is expected to witness growth over the forecast period.
The applications of toxicity testing are set to increase with advances in biotechnology and pharmaceuticals, resulting in a demand for the same. Several emerging fields and techniques are providing new insights into understanding biological responses to chemicals in human tissues. Furthermore, there is an increase in pharmaceutical R&D spending globally. According to the IFPMA's 2021 report, the annual R&D spending by the biopharmaceutical industry is 7.3 times higher than that of the aerospace and defense industries, 6.5 times more than the chemicals industry, and 1.5 times more than the software and computer services industry. The source above also mentioned that the biopharmaceutical industry spent USD 196,000 million in 2021, and it is expected to increase to USD 213,000 million by 2024. Thus, the increasing R&D in the biopharmaceutical industry for pharmaceutical product development is garnering the toxicology screening of the drug products, fueling the studied market growth.
Additionally, the recent technological developments by the market players and researchers are contributing to the growth of the market studied. For instance, in April 2022, CN Bio, an organ-on-a-chip (OOC) company, launched PhysioMimix 'in-a-box' reagent kit for non-alcoholic steatohepatitis (NASH), a disease that has no regulatory-approved therapeutics for treatment till date. The NASH-in-a-box (NIAB) kit works in conjunction with CN Bio's PhysioMimix micro-physiological systems (MPS) to provide researchers with in-house capabilities to gain physiologically relevant insights into the mechanism of disease, human drug efficacy, and safety toxicology. Such developments are anticipated to fuel the studied market growth.
Therefore, the increasing R&D activities and the rise in demand for toxicology drug screening in the pharmaceutical and biotechnology industries are expected to contribute to the market growth during the analysis period. However, the long duration of sample testing and stringent government regulations on the toxicological testing of human drug molecules are expected to hinder market growth over the forecast period.
Toxicology Drug Screening Industry Segmentation
As per the scope of the report, toxicology screening is a set of diagnostic tests conducted to evaluate the safety of potential drug candidates. The Toxicology Drug Screening Market is Segmented by Testing Type (In Vitro, In Vivo, and In Silico), Product (Instruments, Reagents and Consumables, Animal Models, Software, and Other Products), Application (Immunotoxicity, Systemic toxicity, Developmental and Reproductive Toxicity (DART), Endocrine Disruption, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (USD million) for the above segments.
By Testing Type | |
In Vitro | |
In Vivo | |
In Silico |
By Product | |
Instruments | |
Reagents and Consumables | |
Animal Models | |
Software | |
Other Products |
By Application | |
Immunotoxicity | |
Systemictoxicity | |
Developmental and Reproductive Toxicity (DART) | |
Endocrine Disruption | |
Other Applications |
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Toxicology Drug Screening Market Size Summary
The toxicology drug screening market is poised for significant growth, driven by increasing research and development expenditures, technological advancements, and a rising demand for toxicological testing in drug development. The COVID-19 pandemic has notably accelerated the adoption of toxicology screening methods, as the need for vaccine and treatment development surged, highlighting the importance of nonclinical safety studies. This trend is expected to continue, supported by the growing incidence of chronic diseases such as cancer and heart diseases, which necessitate extensive drug discovery efforts. The biopharmaceutical industry's substantial investment in R&D further fuels the market, as companies strive to develop new therapeutics, thereby increasing the demand for toxicology screenings.
Technological innovations, such as CN Bio's PhysioMimix systems and advancements in in-silico screening methods, are also contributing to market expansion. These developments enhance the understanding of drug efficacy and safety, offering researchers valuable insights into disease mechanisms and potential therapeutic targets. North America is anticipated to maintain a significant market share, bolstered by its robust pharmaceutical industry, high R&D spending, and a strong presence of major service providers. The region's focus on early toxicity detection and the trend of outsourcing analytical testing are key factors driving market growth. Despite the competitive landscape, with major players like Agilent Technologies and Thermo Fisher Scientific leading the market, the ongoing advancements and increasing demand for efficient screening methods are expected to sustain the market's upward trajectory.
Toxicology Drug Screening Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing R&D Activities
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1.2.2 Technological Advancements in Toxicology Drug Screening
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1.2.3 Rise in Demand for Toxicology Drug Screening in Pharmaceuticals and Biotechnology
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1.3 Market Restraints
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1.3.1 Longer Time for Sample Testing
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1.3.2 Regulatory Issues Regarding Approval of Healthcare Molecule
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1.4 Porter Five Forces
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Testing Type
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2.1.1 In Vitro
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2.1.2 In Vivo
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2.1.3 In Silico
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2.2 By Product
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2.2.1 Instruments
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2.2.2 Reagents and Consumables
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2.2.3 Animal Models
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2.2.4 Software
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2.2.5 Other Products
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2.3 By Application
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2.3.1 Immunotoxicity
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2.3.2 Systemictoxicity
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2.3.3 Developmental and Reproductive Toxicity (DART)
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2.3.4 Endocrine Disruption
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2.3.5 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Toxicology Drug Screening Market Size FAQs
How big is the Toxicology Drug Screening Market?
The Toxicology Drug Screening Market size is expected to reach USD 14.51 billion in 2024 and grow at a CAGR of 8.77% to reach USD 22.09 billion by 2029.
What is the current Toxicology Drug Screening Market size?
In 2024, the Toxicology Drug Screening Market size is expected to reach USD 14.51 billion.