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Global Non-Animal Alternative Testing Market Predicted to Hit $29,390.20 Million, Growing at 13.0% CAGR from 2021 to 2030 [290-Pages] | Proclaimed by Research Dive

The rising need for animal cruelty-free drug development testing methods is fueling the global non-animal alternative testing market growth. The COVID-19 pandemic has positively impacted the market. The Asia Pacific region is likely to lead the market.

NEW YORK, June 10, 2022 /PRNewswire/ -- Research Dive has added a new report to its offerings titled, "Non-animal alternative testing Testing Market by Technology (Cell Culture Technology, High Throughput Technology, Molecular Imaging, and Omic Technology), Method (Cellular Assay, Biochemical Assay, In Silico, and Ex-vivo), End-user (Pharmaceutical Industry, Cosmetics & Household Products, Diagnostics, Chemical Industry, and Food Industry), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2030".

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The global non-animal alternative testing market is expected to garner $29,390.20 million by 2030, growing at a CAGR of 13.0% from 2021 to 2030. The report delivers comprehensive insights into the current condition and future prospective of the industry by meticulously examining market drivers and restraints, opportunities, major segments, and regions.

Get an Access to a PDF Sample Report of the Non-animal Alternative Testing Market (Including Tables, TOC, and Figures)

Key Segment Findings of the Non-Animal Alternative Testing Market:

The market is segmented based on technology, method, end-user, and region.

Region: North America has an Aggressive Growth rate for Non-animal Alternative Testing Market (Avail Customization)

Non-Animal Alternative Testing Market Dynamics

The key factor fueling the growth of the global non-animal alternative testing market is a significant rise in the demand for drugs and medicines among people due to growing prevalence of various aliments worldwide. In addition, increasing focus of market players on the development of novel products, such as artificial organs, to fulfil the increasing demand for innovative drug testing options for numerous sicknesses, for instance, diabetes, is projected to open doors to innovative opportunities for the market growth in the projected period. However, absence of knowledge about the use and benefits of non-animal alternative testing among drug developers is projected to deter the market growth during the forecast period.

Impact of the COVID-19 Pandemic on the Non-Animal Alternative Testing Market:

The COVID-19 pandemic has made a positive impact on the growth of the global non-animal alternative testing market in 2020. In the pandemic period, the pharmaceutical sector has witnessed a significant rise in the need for medicines, as people became more conscious about their health and well-being. Also, many drug developers refrained from working in wet laboratories and functioning in direct contact of animals and human during pre-clinical drug testing. As a result, the demand for non-animal alternative testing has greatly surged; which is fueling the non-animal alternative testing market growth amidst the pandemic period.

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Top Players of the Non-animal alternative testing Market

The major players of the global non-animal alternative testing market are

1.  Vitrocell Systems GMBH

2.  Biovit

3.  Emulate, Inc.

4.  MB Research Laboratory

5.  Tara Biosystems

6.  Bio- Rad

7.  Evotec

8.  Hurel Corporation

9.  Tissues GmbH

10.  Abbott Laboratories

Numerous business strategies, such as acquisitions, mergers, R&D activities, new product developments, and much more, are implemented by these players to attain a strong position in the global market. For instance, in Secember 2021, the U.S. Food and Drug Administration (FDA), a federal agency of the Department of Health and Human Services, introduced the Innovative Science and Technology Approaches for New Drugs (ISTAND), an experimental program that will aid in reducing and replacing animal testing as part of drug invention.

Moreover, the report offers other key details of leading players such as business tactics, financial performance, and product/service range of these players along with Porter's five forces analysis and SWOT analysis.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.


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