Industry: Healthcare | Publish Date: 23-Aug-2023 | No of Pages: 93 | No. of Tables: 83 | No. of Figures: 32 | Format: PDF | Report Code : N/A
Mexico Early Toxicity Testing Market was valued at USD 8.69 million in 2022, and is predicted to reach USD 36.16 million by 2030, with a CAGR of 16.07% from 2023 to 2030.
Early toxicity testing is a process that involves evaluating the potential toxicity or adverse effects of drugs, chemicals, or other substances at an early stage of development, typically in vitro or in animal models, before they are tested in humans. The goal of early toxicity testing is to identify any potential safety concerns with a substance and determine whether it is safe to proceed with further development and testing.
Early toxicity testing helps to reduce the risk of harm to humans and animals during clinical trials and reduce cost and time of drug development. Early toxicity testing typically involves a range of tests and assays, such as cell viability assays, genotoxicity assays, and pharmacokinetic studies.
Specific tests and methods used depend on the nature of substance being tested and intended use of the product. Early toxicity testing is an important step in drug development process that helps to ensure safety and efficacy of new drugs and other substances before they are approved for use in humans.
The market is driven by rise in prevalence of chronic diseases such as cancer, diabetics, and strokes in the country, which propels the need for early toxicity testing to ensure safety of new drugs and treatments. Chronic diseases, with their enduring impact on public health and well-being, have emerged as formidable challenges across Mexico.
The escalating rates of cancer, diabetes, and strokes, in particular, have prompted an urgent reassessment of healthcare strategies and interventions. Within this context, the imperative to ensure the safety of new drugs and treatments has taken center stage.
According to GLOBOCAN, there were 1,95,499 fresh cases of cancer in Mexico, where 90,222 people died from the disease in 2020.
The regulatory bodies such as the Federal Commission for Protection Against Sanitary Risk (COFEPRIS) require toxicity testing for new drugs and other products before they can be approved for use, further driving growth of the market.
For instance, according to the Federal Commission for Protection Against Sanitary Risk (COFEPRIS) of Mexico, clinical trials in Mexico must comply with international ethical standards as well as with the Mexican General Health Law and its Regulations. It implies that toxicity tests must be done for human drugs and biological products, animal drugs, and medical devices, making them available to protect public health.
However, stringent regulations set by regulatory bodies such as the US FDA and the EMA require extensive and rigorous testing for drug development and safety, which can be time-consuming and expensive and restrain growth of the market. The complexity and cost of complying with these regulations can pose a significant challenge for small and medium-sized companies that may not have the resources to carry out extensive testing.
As a result, some companies may choose to delay or abandon drug development projects, which can limit demand for early toxicity testing services. Moreover, stringent regulations can also result in a lengthy approval process for new drugs, further delaying the time it takes for drugs to reach the market. This, in turn, is expected to hamper growth of the market.
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 growth and interaction of multiple cell types, creating a microenvironment that more closely resembles human tissues and organs. This can better predict 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.
The Mexico Early Toxicity Testing industry includes several market players such as Inotiv Inc., Bio-Rad Laboratories Inc, Evotec A.G., Agilent Technologies Inc, Wuxi Apptec, Bruker, Perkinelmer Inc., Enzo Biochem Inc., Danaher Corporation, Eurofins Scientific SE, Charles River Laboratories International, Inc., Labcorp Drug Development., Promega Corporation, Insphero AG. and Thermo Fisher Scientific Inc.
The Mexico Early Toxicity Testing market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists 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 market.
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 industry share in the Mexico 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.
In Vivo
In Vitro
Cell Culture
PCR
ELISA
Western Blotting
Protein Binding Assays
In Silico
Genotoxicity
Dermal Toxicity
Skin Toxicity
Ocular Toxicity
Phototoxicity
Others
Pharmaceutical Industry
Cosmetic Industry
Chemical Industry
Food Industry
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2022 |
USD 8.69 Million |
Revenue Forecast in 2030 |
USD 36.16 Million |
Growth Rate |
CAGR of 16.07% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
Surging incidence of chronic diseases.
Increasing government initiatives. |
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. |
Inotiv Inc.
Bio-Rad Laboratories Inc
Evotec A.G.
Agilent Technologies Inc
Wuxi Apptec
Bruker
Perkinelmer Inc.
Enzo Biochem Inc.
Danaher Corporation
Eurofins Scientific SE
Charles River Laboratories International, Inc.
Labcorp Drug Development.
Promega Corporation
Insphero AG
Thermo Fisher Scientific Inc.