Press Release

Global Ecotoxicological Studies Market to grow with a CAGR of 2.60 %

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Ecotoxicological Studies Market.

 

According to TechSci Research report, “Global Ecotoxicological Studies Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Ecotoxicological Studies Market has valued at USD 0.98 billion in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 2.60% through 2028.   This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.  Innovation in the chemicals and pharmaceuticals industry drives the demand for ecotoxicological studies. The chemicals and pharmaceuticals sectors continually develop new compounds, including pharmaceutical drugs, pesticides, industrial chemicals, and specialty chemicals. These innovations bring novel substances into the market, each with its unique chemical properties. Ecotoxicological studies are essential to assess the environmental safety and potential ecological impacts of these compounds before their introduction and use. Regulatory authorities, such as the United States Environmental Protection Agency (USEPA), the European Chemicals Agency (ECHA), and the Food and Drug Administration (FDA), require thorough ecotoxicological studies as part of the approval and registration process for new chemicals and pharmaceutical products. Manufacturers must provide data on how these substances affect the environment, aquatic life, and ecosystems. Innovators in the chemicals and pharmaceuticals sectors are acutely aware of the environmental and financial risks associated with introducing a product that may have unforeseen negative effects on the environment. Ecotoxicological studies help identify potential risks early in the product development process, allowing for adjustments, modifications, or the exploration of alternative compounds that are less harmful to the environment.

 

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In January 2023, Smithers, a prominent provider of testing, consulting, compliance services, and information, successfully acquired ResChem Analytical Limited. This acquisition allows Smithers to enhance its worldwide pesticide residue services and bolster its network of field cooperators for conducting field trials to support studies on crop residue operator exposure. The acquisition encompasses all ResChem Analytical Limited's operations, including its headquarters, offices, and laboratories located in Derby, United Kingdom. ResChem is well-regarded in the field of pesticide residue analysis and possesses extensive experience in analysing various active ingredients and their related metabolites.

The lack of standardization is a significant challenge in the Global Ecotoxicological Studies Market. Ecotoxicological studies may involve various organisms, different exposure scenarios, and diverse endpoints (e.g., mortality, growth, reproduction). The lack of standardized testing methods and protocols can lead to variations in study design, making it difficult to compare results across studies. Due to the absence of standardized methods, data collected from different studies may be incompatible or non-comparable. This hinders the synthesis and integration of data, which is essential for drawing meaningful conclusions and making informed decisions. Variability in testing procedures and conditions between different laboratories can lead to inconsistencies in results. This is particularly problematic when data are submitted to regulatory authorities or used for risk assessment and decision-making. The way data are reported, including the presentation of results and statistical analyses, can vary among studies. This makes it challenging to extract and synthesize information from literature effectively. The interpretation of ecotoxicological results can vary, even when similar methods are used. Different researchers and organizations may apply different criteria for defining adverse effects or determining safe levels of exposure. Without standardized quality control measures, the reliability and accuracy of data may be compromised. Quality control practices, such as ensuring test organisms are healthy and uncontaminated, are crucial for producing robust results.

Global Ecotoxicological Studies Market is segmented based on Service, and by region.  Based on the Service, Global Ecotoxicological Studies Market is segmented into Aquatic Ecotoxicology, Sediment Ecotoxicology, Terrestrial Ecotoxicology, Avian Ecotoxicology, Pollinator Testing. Avian ecotoxicology is a specialized field within ecotoxicology that focuses on studying the effects of environmental contaminants on birds, particularly wild bird species. This branch of science examines how various pollutants and toxic substances impact avian populations, individuals, and ecosystems. Avian ecotoxicology is concerned with the effects of contaminants, such as chemicals, heavy metals, pesticides, pharmaceuticals, and other pollutants, on wild bird species in both terrestrial and aquatic environments. It encompasses a wide range of avian taxa, including birds of prey, waterfowl, songbirds, and migratory species. The primary objective is to evaluate the toxicity of specific contaminants to birds, including acute and chronic effects. This may involve laboratory studies, field investigations, and controlled exposure experiments. Avian ecotoxicology aims to understand how contamination affects avian populations, habitats, and ecosystems. This includes studying effects on reproduction, growth, behavior, and overall fitness of birds.

Based on Region, North America held the largest share in the Global Ecotoxicological Studies Market. Many global CROs (Contract Research Organizations) and CDMOs (Contract Development and Manufacturing Organizations) have a significant presence in North America. They offer ecotoxicological services to clients not only in North America but also worldwide. North American ecotoxicological studies often adhere to rigorous quality standards, including Good Laboratory Practice (GLP). This ensures the reliability and acceptance of the research results by regulatory authorities. Due to the global influence of regulatory agencies like the USEPA and their guidance on ecotoxicological assessments, studies conducted in North America often set standards and influence practices in other regions. North America has a strong history of environmental awareness and activism. Public and environmental concerns often drive the need for ecotoxicological studies to evaluate the potential impact of substances on ecosystems and human health.

 

Some of the major companies operating in the Global Ecotoxicological Studies Market include:

  • Smithers Group Inc
  • SGS SA
  • Covance, Inc. (Laboratory Corporation of America Holdings)
  • INTOX PVT. LTD. (Aragen Life Sciences Pvt. Ltd.)
  • Fera Science Limited
  • Charles River Laboratories, Inc.
  • Noack Laboratorien GmbH
  • Eurofins Agroscience Services Group

 

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“Certain areas, particularly in North America, are projected to exert significant demand for Ecotoxicological Studies. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Ecotoxicological Studies Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Ecotoxicological Studies Market by Service (Aquatic Ecotoxicology, Sediment Ecotoxicology, Terrestrial Ecotoxicology, Avian Ecotoxicology, Pollinator Testing), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Ecotoxicological Studies Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ecotoxicological Studies Market.


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