LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘In Vitro Toxicology Testing Products and Services Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the pharma and healthcare industry. This report breaks down the data and analysis behind the procurement of in vitro toxicology testing products and services and acts as an all-inclusive guide for making smart purchasing decisions.
“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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