Global in Vitro Toxicity Testing Market Is Expected to Reach USD 4,114.1 Million in 2018: Transparency Market Research

Global in Vitro Toxicity Testing Market Is Expected to Reach USD 4,114.1 Million in 2018: Transparency Market Research PR Newswire ALBANY, New York, October 23, 2012 ALBANY, New York, October 23, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), "In Vitro Toxicity Testing Market - Global Industry Size, Share, Trends, Analysis and Forecast, 2012 - 2018," the global in vitro toxicity testing market was worth USD 1,518.7 million in 2011 and is expected to reach USD 4,114.1 million in 2018, growing at a CAGR of 15.3% from 2013 to 2018. In the overall global market, North America retained the highest share accounting for USD 589.2 million in 2011 followed by Europe which accounted for USD 569.5 million in 2011. However, the highest growth in the forecasted period is expected to be witnessed in the Asian region due to economic growth and rising health awareness in the region. Browse the full report at http://www.transparencymarketresearch.com/in-vitro-toxicity-testing-market.html Toxicity, also called as 'the science of poisons' is a method of testing the opposing effect of any drug, chemical or other agent administered in the body. It thus analyses the adverse effects of various toxins on all living organisms. Owing to its ethical and scientific advantages, in vitro toxicity testing has acquired regulatory acceptance worldwide and thus holds huge growth potential in future.