Moderate growth expected in worldwide Toxicogenomics market as market expansion is limited by lack of standardization in microarray data, and the high cost of toxicogenomic technologies.
August 26, 2004 — Research and Markets announces the addition of “Toxicogenomics” to its offerings.
The toxicogenomics market features a range of applications designed to detect toxicity early in the drug discovery process. Due to the costly nature of clinical trials, pharmaceutical and biotechnology companies are showing more interest in toxicogenomics tools. However, market expansion will be limited by the acceptance of toxicogenomic data by regulatory agencies, the
The market is estimated to reach $120M in 2003 and growth will continue at a moderate compound annual rate of nearly 15% to 2008. By 2008, the market will grow to be approximately $245M worldwide with regional distribution of U.S. 65%, Europe 20%, Japan 10%, and rest of the world with 5%.
This report includes an in-depth analysis of current toxicogenomic technologies and incorporates case studies, company profiles, market trends, and identified challenges and strategic options for toxicogenomic companies seeking to advance their market opportunities. The study also provides a detailed description of the assumptions used to build
For a thorough analysis of this important market, the report:
-analyzes leading toxicogenomic technologies
-highlights a number of case studies
-profiles eighteen major competitors
-provides a market forecast from 2003 to 2008 with detailed assumptions for each company and the industry as a whole
-identifies various market trends and implementation challenges
-provides strategic options for toxicogenomics companies interested in capitalizing on market opportunities
For a complete index of this report click on http://www.researchandmarkets.com/reports/222234
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