Insights Into The Non-Animal Alternatives Testing Market’s Growth Potential 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The non-animal alternatives testing market has experienced rapid growth, escalating from $2.08 billion in 2023 to $2.33 billion in 2024, with a compound annual growth rate (CAGR) of 11.9% in the historic period. This growth is attributed to factors such as strong economic growth in emerging markets, high costs of animal studies, increased adoption of in-vitro and in-silico technologies in basic research, rising investments, and a rise in research grants for developing alternative technologies, along with increasing social awareness against animal cruelty. Moving into the future, the market is poised for rapid growth, projecting a size of $3.63 billion in 2028 at a CAGR of 11.8%. The forecasted growth is driven by factors such as government programs for non-animal alternative testing, an increase in the number of research and development activities, and ethical concerns regarding animal experimentations. Key trends in the forecast period include a focus on advancing ooc technology, the use of in silico trials, the development of advanced 3D bio-printed organs and tissues, the use of model organisms, collaborations and partnerships, and rising initiatives and grants to promote animal-free testing.
Governmental and non-governmental support significantly fuels the expansion of the non-animal testing market. Regulatory bodies enforce laws promoting non-animal testing methods, while organizations like People for the Ethical Treatment of Animals (PETA) contribute funds for research and development in this area. Initiatives such as PETA India’s grant of 7 lakh rupees in 2022 exemplify the commitment to advancing animal-free testing methods. Moreover, countries like Denmark, Brazil, Germany, and others have launched similar research programs, fostering the growth of non-animal testing initiatives. The market size for non-animal testing in 2023 reached A units, projected to expand to B units by 2024 and further to C units by 2028.
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What Are The Key Trends That Influence Non-Animal Alternatives Testing Market Share Analysis?
Major companies in the non-animal alternative testing market are collaborating to advance alternatives to animal testing. Such collaborations are accelerating the adoption of animal-free safety science. For example, in February 2023, Unilever, a UK-based healthcare product manufacturer, partnered with a global coalition of cosmetics manufacturers, industry associations, and animal protection organizations. This partnership aims to support innovation in animal-free cosmetics and personal care products by funding and scientifically evaluating new safety assessment methods, thereby building confidence in animal-free safety science.
Which Market Players Are Driving Growth In The Non-Animal Alternatives Testing Market?
Major companies operating in the market are Evotec SE (Cyprotex), Bio-Rad Laboratories, Inc, BioIVT, Emulate, Inc, MatTek Corporation, SGS SA, Gentronix Limited, Promega Corporation, InSphero, VITROCELL Systems GmbH, Abbott India Limited, Becton Dickinson Private Limited, Biocartis Group NV, Bio-Techne India Private Limited, Danaher, Cleaver Scientific, China Tissue Engineering Co., Ltd. (J-TEC), Reprocell, Inc., Organ Technologies Co. Ltd, Mimetas, JRF Global, PharmaCo-Cell Company Ltd, Vessel Inc, Modulus Discovery, Sanofi, F. Hoffmann-La Roche AG, Siemens Healthineers AG, Qiagen N.V, bioMérieux SA, QuantuMDx, Interlabservis, Roche Diagnostics, GeneMe, TestLine Clinical Diagnostics s.r.o, Thermo Fisher Scientific, PerkinElmer, GE Healthcare, Waters Corporation, Agilent Technologies, Bruker Corporation, Oxford Nanopore Technologies, 10x Genomics, Organovo Holdings, EMD Millipore, Cyprotex, RegeneMed Inc, HµREL Corporation, Nortis, In Silico Biosciences Inc, IOMICS Corporation, Charles River Laboratories, The Jackson Laboratory, Envigo, Taconic Biosciences, Inc., Cyagen Biosciences, Crown Biosciences, Harbour BioMed, Genewiz, Pacific Biosciences, Group 42 (G42) Healthcare, I-ONE, Wadi Jeddah Co, Philips, King Abdullah International Medical Research Center, Parexel, Soins Global, Pfizer South Africa, Dischem Pharmacy, Cipla Medpro South Africa Limited, Novartis South Africa, Synexa Life Sciences, IQVIA, Oceanic S. A, Hean
How Is The Global Non-Animal Alternatives Testing Market Segmented?
The non-animal alternatives testing market covered in this report is segmented –
1) By Technology: Cell Culture Technology, High Throughput Technology, Molecular Imaging, Omics Technology, Other Technologies
2) By Method: Cellular Assay, Biochemical Assay, In Silico, Ex-Vivo
3) By End-User: Pharmaceutical Industry, Cosmetics And Household Products, Diagnostics, Chemicals Industry, Food And Beverage Industry, Other End Users
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The Non-Animal Alternatives Testing Global Market Report 2024 provides an overview of the non-animal alternatives testingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The non-animal alternatives testing market forecast analyzes non-animal alternatives testing market size, non-animal alternatives testing market share, leading competitor and their market positions.
The Table Of Content For The Non-Animal Alternatives Testing Market Include
1. Non-Animal Alternatives Testing Market Executive Summary
2. Non-Animal Alternatives Testing Market Segments
3. Non-Animal Alternatives Testing Market Size And Template Market Growth Rate
4. Key Non-Animal Alternatives Testing Market Trends
5. Major Non-Animal Alternatives Testing Market Drivers
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25. Key Mergers And Acquisitions In The Non-Animal Alternatives Testing Market
26. Top Non-Animal Alternatives Testing Companies
27. Non-Animal Alternatives Testing Market Opportunities And Strategies
28. Non-Animal Alternatives Testing Market, Conclusions And Recommendations
29. Appendix
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