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The future of the in-vitro toxicology testing market looks promising with opportunities in various applications, such as pharmaceuticals & biopharmaceuticals, cosmetic & household products, food, and chemicals. The global in-vitro toxicology testing market is expected to grow with a CAGR of 10%-12% from 2020 to 2025. The major drivers for this market are opposition to animal testing and increasing research & development expenditure to detect toxicity at an early stage during drug development.
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In this market, consumables is the largest product & service segment of in-vitro toxicology testing, whereas pharmaceuticals & biopharmaceuticals is the largest end use industry. Growth in various segments of the consumables is the largest product & service segment of in-vitro toxicology testing, whereas pharmaceuticals & biopharmaceuticals is the largest end use industry market are given below: