Toxicology Testing Services Market Market is Expected to Create Major Opportunities for stakeholders
The global toxicology testing services market was valued at more than US$ 6 Bn in 2017. It is projected to expand at a high single digit CAGR during the forecast period from 2018 to 2026. Increase in demand for detection of toxicity of products during their early stages of development, rise in R&D expenditure, growing preference for outsourcing of toxicological studies to contract research organizations, rise in consumer awareness about safety associated with the use of health care and cosmetic products, and increase in concern of toxicological effects of agricultural products on food and environment are some of the factors boosting the demand for toxicology testing services. Moreover, emergence of technologies, such as predictive toxicology testing services which avoid the use of animals for toxicology testing and stringent regulations associated with toxicology testing before marketing approval of new molecules are expected to drive the growth of the global toxicology testing services market during the forecast period. Request for Customization in Report @ https://bit.ly/2YWfGrk
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