India Early Toxicity Testing Market

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India Early Toxicity Testing Market by Technique (In Vivo, In Vitro, and In Silico), by Toxicity Endpoint (Genotoxicity, Dermal Toxicity, Skin Toxicity, Ocular Toxicity, Phototoxicity, and Others), by End User (Pharmaceutical Industry, Cosmetic Industry, Chemical Industry, Food Industry, and Others) – Opportunity Analysis and Industry Forecast, 2023-2030

Industry: Healthcare | Publish Date: 03-Dec-2024 | No of Pages: 115 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : HC753

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Market Definition

India Early Toxicity Testing Market was valued at USD 32.1 million in 2022, and is predicted to reach USD 120.81 million by 2030, with a CAGR of 14.69% from 2023 to 2030.

Early toxicity testing is a crucial procedure that entails the assessment of potential harmful effects or toxicity associated with drugs, chemicals, or other substances during their initial developmental stages.

This evaluation is commonly conducted using in vitro studies (in controlled environments outside living organisms) or through animal models before progressing to human trials.

The primary objective of early toxicity testing is to detect any safety-related issues linked to a substance, determining its suitability for further development and testing. 

By conducting these tests upfront, the potential risks to both humans and animals in subsequent clinical trials can be minimized, leading to cost and time savings in the drug development process.

The range of assessments encompasses various examinations, including cell viability assays, genotoxicity evaluations, and studies on how the substance is processed within the body (pharmacokinetics). The selection of specific tests and methodologies is contingent on the substance's nature and its intended application. 

Overall, early toxicity testing stands as a pivotal stride in the drug development trajectory, ensuring the safety and effectiveness of emerging drugs and substances before attaining approval for human use.

Government Backing and Investments Fuelling Growth of the Early Toxicity Testing Market in Drug Development and Pharmaceuticals

Rise in government support and investments in the drug development and pharmaceutical industry is significantly driving the early toxicity testing market in the country.

This investment includes initiatives such as the Pharma Vision 2020 and the National Biotechnology Development Strategy 2015-2020, which aim to promote innovation, research, and development in the pharmaceutical and biotechnology industries. 

For instance, in June 2021, Finance Minister Ms. Nirmala Sitharaman announced an additional outlay of USD 26,578.3 million that will be utilized over five years for the pharmaceutical PLI scheme in 13 key sectors such as active pharmaceutical ingredients, drug intermediaries, and key starting materials. This increased investment is expected to further drive demand for early toxicity testing methods in the pharmaceutical industry in India.

 

Surge in COVID Vaccine Development Spurs Heightened Demand for Early Toxicity Testing Methods in India

The development and production of COVID vaccines in India has led to an increased demand for early toxicity testing methods in the country.

For instance, in May 2021, under Atma Nirbhar Bharat 3.0, Mission COVID Suraksha was announced by the Government of India to accelerate the development and production of indigenous COVID-19 vaccines. To augment the cAsia-Pacificity of indigenous production of Covaxin under the mission, the Department of Biotechnology, Government of India, provided financial support in the form of a grant to vaccine manufacturing facilities for enhanced production in Asia-Pacific region.

 

Impact of Regulatory Constraints on the Expansion of the Early Toxicity Testing Market in India

However, strict guidelines established by regulatory agencies like the US FDA and the EMA necessitate extensive and exacting testing for medication development and safety, which can be costly and time-consuming and impede market expansion.

Small and medium-sized businesses that may lack the means to conduct thorough testing may find it difficult and expensive to comply with these rules.

Because of this, some businesses might decide to postpone or scrap drug development initiatives, which could reduce the market for early toxicity testing services.

Furthermore, strict rules may lead to a protracted approval procedure for new pharmaceuticals, which would add to the delay in the time it takes for drugs to reach the market. This, in turn, is expected to hamper growth of the ETT market.

Technological Advancements in the field of Early Toxicity Testing Market in India

Introduction of new technologies such as in-vitro modelling using 3D cell culture is expected to provide new lucrative opportunities for the early toxicity testing market during the forecast period.

Use of 3D cell cultures can better mimic complexity of tissues and organs, providing more accurate and reliable results for toxicity testing. Traditional 2D cell culture models are limited in their ability to mimic complexity of human tissues and organs, often leading to inaccurate and unreliable results in toxicity testing. 

However, use of 3D cell culture models can better mimic structural and functional complexity of tissues and organs, providing more accurate and reliable results for toxicity testing.

3D cell cultures allow the growth and interaction of multiple cell types, creating a microenvironment that more closely resembles human tissues and organs. This can better predict the toxic effects of drugs and chemicals in the human body, reducing the risk of adverse effects in clinical trials. Hence, such factors propel the market growth.

 

Competitive Landscape  

The India early toxicity testing industry includes several market players such as Aurigene Pharmaceutical Services Ltd., Freyr Global Regulatory Solutions and Services, GVRP, Jubilant Biosys Ltd., Sai Life Sciences Limited, Vipragen, SGS S.A., PerkinElmer Inc., Bio-Rad Laboratories, Inc., Merck Group.

Key Benefits

  • The India early toxicity testing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assist in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the industry.

  • The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

  • The competitive analysis of the key players along with their market share in the India early toxicity testing market.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

India Early Toxicity Testing Market Key Segments

By Technique

  • In Vivo

  • In Vitro

    • Cell Culture    

    • PCR    

    • ELISA    

    • Western Blotting    

    • Protein Binding Assays    

  • In Silico    

By Toxicity Endpoint

  • Genotoxicity    

  • Dermal Toxicity 

  • Skin Toxicity 

  • Ocular Toxicity    

  • Phototoxicity    

  • Others

By End User

  • Pharmaceutical Industry    

  • Cosmetic Industry    

  • Chemical Industry    

  • Food Industry     

  • Others

Key Players

  • Aurigene Pharmaceutical Services Ltd.

  • Freyr Global Regulatory Solutions and Services

  • GVRP 

  • Jubilant Biosys Ltd.

  • Sai Life Sciences Limited

  • Vipragen

  • SGS S.A.

  • PerkinElmer Inc.

  • Bio-Rad Laboratories, Inc.

  • Merck Group

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2022

USD 32.1 Million

Revenue Forecast in 2030

USD 120.81 Million

Growth Rate

CAGR of 14.69% from 2023 to 2030

Analysis Period

2022–2030

Base Year Considered

2022

Forecast Period

2023–2030

Market Size Estimation

Million (USD)

Growth Factors

The surge in covid vaccine development.

The rising government investments.

Companies Profiled

15

Market Share

Available for 15 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the India early toxicity testing market business is expected to hit at $120.81 million (USD) by 2030.

The India early toxicity testing industry includes several market players such as Aurigene Pharmaceutical Services Ltd., Freyr Global Regulatory Solutions and Services, GVRP, Jubilant Biosys Ltd., Sai Life Sciences Limited, Vipragen, SGS S.A., PerkinElmer Inc., Bio-Rad Laboratories, Inc., Merck Group.

The India early toxicity testing market share is segmented on the basis of technique, toxicity endpoint, and end user.

Factors contributing to the expansion of the early toxicity testing market in India are government investments, surge in covid vaccine development, and technological advancements.

The factors limiting the growth of the India early toxicity testing market are stringent regulations and lack of standardization.

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