In Vitro Toxicology Testing Products and Services Procurement Research – Market Trends and Spend Analysis by SpendEdge

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In Vitro Toxicology Testing Products and Services Procurement Report (Graphic: Business Wire)

“The CRO and bio-pharma industries account for the highest spending on procuring in vitro toxicology testing products and services,” says SpendEdge procurement analyst A Kowshik. “Also, the market in North America is expected to showcase a promising growth, owing to the presence of the highest number of CROs,” added A Kowshik.

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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global In Vitro Toxicology Testing Products and Services Market:

• Increasing collaboration among major suppliers and regional buyers such as local CROs
• Rising use of predictive safety biomarker analyses using flow cytometry
• Growing preference for lab automation with integrated LIMS

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Increasing collaboration among major suppliers and regional buyers such as local CROs

In recent years, suppliers are engaging in collaborative partnerships with other regional suppliers. This is mainly to improve their offshore brand presence, reputation, and distribution channels. Also, such collaboration helps the buyers to procure latest technologies used in the in vitro toxicology testing.

Rising use of predictive safety biomarker analyses using flow cytometry

The flow cytometry with a predictive biomarker is a laser or impedance-based technology. The platform can analyze thousands of particles every second, regarding the physical and chemical characteristics of the suspended cells. This helps the buyers gain access to high throughput real-time data.

Growing preference for lab automation with integrated LIMS

Globally, the suppliers are increasingly installing lab automation methods such as robotics for handling various samples. This automated platform helps the buyers obtain fast and efficient results, thereby curtailing the operating costs.

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