Toxicology study involves safety assessment of pharmaceutical, chemical, agrochemical, and consumer products on living beings and the environment. Toxicological screening is highly important in the development of novel drug molecules and is used to examine substances having adverse effects on human health as well as the environment.
Major Key Players of the Toxicology Services Market are:
Charles River, ITR Canada, Eurofins Scientific, WuXi AppTec, SGS SA, Merck KGaA, Evotec SE, Vipragen, GVK Biosciences Private Limited, Bioanalytical Systems, Inc. among others.
The market growth of toxicology services can be attributed to factors, such as increasing R&D expenditure of pharmaceutical & biotechnology industries, growing pressure from regulatory agencies, and demand for determination of toxicity levels in developing products. The European government has established Regulation (EC) No 1907/2006, establishing a European Chemical Agency called Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). This regulation ensures a high level of human and environment protection and promotes the development of alternative methods for assessing the hazards of substances. Moreover, even the OECD (Organisation for Economic Co-operation and Development) has adopted nine test guidelines for the pesticide residue chemistry to assess dietary risk management in food or animal feedstuffs.
The Toxicology Services Market is segmented on the basis of Industry, Method and region.
Major Methods of Toxicology Services Market covered are:
- In Vivo Method
- In Vitro Method
- In Silico Method
Major Industry of Toxicology Services Market covered are:
- Pharmaceutical & Biotechnology
- Medical Devices
- Cosmetics and Chemical
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