About In Vitro Toxicology Testing Products and Services Market
In vitro toxicology testing is the scientific analysis of certain chemicals, drugs, cosmetics, and food additives by studying its toxicity and effects on micro-organisms in a laboratory. The tests are conducted by studying the effects of such substances on micro-organisms in a culture medium within a controlled clinical environment.
The CRO and bio-pharma industries have the highest spending on procuring in vitro toxicology testing products and services, where CROs accounts for more than 70% share. This is primarily because of increasing demand among consumers for safer drug testing methods, without the use of any clinical subjects. Therefore, this encourages buyers from such industries to conduct toxicology testing for their newly developed or pipeline drugs by using in vitro toxicology testing methods.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global In Vitro Toxicology Testing Products and Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global In Vitro Toxicology Testing Products and Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
In vitro toxicology testing is the scientific analysis of certain chemicals, drugs, cosmetics, and food additives by studying its toxicity and effects on micro-organisms in a laboratory. The tests are conducted by studying the effects of such substances on micro-organisms in a culture medium within a controlled clinical environment.
The CRO and bio-pharma industries have the highest spending on procuring in vitro toxicology testing products and services, where CROs accounts for more than 70% share. This is primarily because of increasing demand among consumers for safer drug testing methods, without the use of any clinical subjects. Therefore, this encourages buyers from such industries to conduct toxicology testing for their newly developed or pipeline drugs by using in vitro toxicology testing methods.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global In Vitro Toxicology Testing Products and Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global In Vitro Toxicology Testing Products and Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increasing investments in healthcare expenditures
- For a full, detailed list, view our report
Category constraints
- High product and equipment cost
- For a full, detailed list, view our report
Procurement best practices
- Engage with suppliers that provide insurance
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Global In vtiro toxicology testing products and services Production Hubs
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- General Electric
- Roche
- Merck KGaA
- Abbott
- Thermo Fisher Scientific
PART 8: APPENDIX
- Glossary
- Key Notes
- About
Executive Summary
New Report Released: Global In Vitro Toxicology Testing Products and Services Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global In Vitro Toxicology Testing Products and Services Category - Procurement Market Intelligence Report: General Electric, Roche, Merck KGaA, Abbott, and Thermo Fisher Scientific.
Commenting on the report, an analyst from the research team said: “One of the best procurement practices for the buyers is to engage with regional distributors of selected supplier.”
According to the report, one of the key growth contributors for the global in vitro toxicology testing products and services market is the rising drug resistance among older strains and their associated diseases.
Further, the report states that a major procurement challenge experienced by the buyers is the issues arising due to in-efficient logistics and inventory management.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- General Electric
- Roche
- Merck KGaA
- Abbott
- Thermo Fisher Scientific
Methodology
LOADING...
