Ecotoxicological Studies Market Size, Share & Trends Analysis Report By Service (Aquatic Ecotoxicology, Sediment Ecotoxicology), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 - 2027

Report Overview

The global ecotoxicological studies market size was valued at USD 976.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2027. Increasing focus on regulation, safety, and quality, innovation in the pharmaceutical industry, and entry of new players in the market are major factors responsible for the lucrative growth of the market. In addition, the stringent regulatory scenario in developed countries, such as the U.S. and Germany, is expected to boost market growth over the forecast period. With the rising awareness about environmental protection globally, it is becoming increasingly imperative to evaluate the effects of chemical substances on the environment.

With drugs being released into the natural environment, the U.S. and Europe are taking the lead and have designed regulatory procedures that have made Environmental Risk Assessment (ERA) a crucial registration requirement. Since 2006, ERA is mandatory for all novel Marketing Authorization Applications (MAA) for medical products, including generics.

It is mandatory for pharmaceutical and biopharmaceutical companies to perform an ecotoxicological risk assessment to assess the effect of their products on the ecosystem to minimize and monitor the effects of pollution. As a mandatory requirement, it is crucial to ensure that pharmaceutical and biopharmaceutical companies conduct assessments effectively.

The ecotoxicological data is an essential requirement for registration submissions in various industries, including industrial chemicals and agrochemicals. They form the basis of Environmental Impact Assessment (EIA)/ERA for both veterinary and human pharmaceuticals.

Service Insights

Based on service, the market for ecotoxicological studies has been segmented into aquatic ecotoxicology, sediment ecotoxicology, terrestrial ecotoxicology, avian ecotoxicology, and pollinator testing. The aquatic ecotoxicology segment accounted for the largest revenue share of 43.5% in 2020. It is anticipated to maintain its lead over the forecast period. With the increasing number of pharmaceutical and biopharmaceutical companies, the threat to water ecosystems is increasing, which, in turn, can disturb multiple food chains and ecosystems. Hence, a large number of aquatic ecotoxicology studies are being performed, contributing to the segment growth.

The sediment ecotoxicology segment is anticipated to register the highest CAGR over the forecast period as sediment ecotoxicology studies are conducted on a large scale by the pharmaceutical companies. Sediments can adsorb persistent pollutants and thereby act as a long-term source of pollution for surface water.

Regional Insights

Europe accounted for the largest revenue share of 34.0% in 2020. Stringent regulations present in the region make it obligatory for ecotoxicological testing data to fulfill the need for documentation, which is expected to continue driving the market. In addition, the growing presence of players offering these services is likely to contribute to market growth.

Asia Pacific is expected to be the fastest-growing regional market at a growth rate of 4.5% during the forecast period. The increasing number of pharmaceutical and biopharmaceutical companies, low-cost service offerings, and improved regulatory frameworks are anticipated to propel the market growth in the region.

Key Companies & Market Share Insights

Companies are adopting partnerships and expansion as key strategies to sustain in the highly competitive environment and acquire a greater market share. For instance, in August 2019, AIIMS started a first-of-its-kind clinical ecotoxicology facility in Delhi to probe the rising number of diseases resulting from exposure due to environmental toxins and contaminated food, water, and air.

In addition, in April 2018, SGS SA expanded its terrestrial and aquatic ecotoxicology assessment services and bioaccumulation and biodegradation services in Europe. The company had invested in capability building as a response to increasing demand for ecotoxicological studies in the industry. Some prominent players in the global ecotoxicological studies market include:

• Smithers

• SGS SA

• Covance, Inc.

• INTOX Pvt. Ltd.

• Fera Science Limited

• Charles River Laboratories

• Noack Laboratorien GmbH

• Eurofins Agroscience Services Group

Ecotoxicological Studies Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global ecotoxicological studies market report on the basis of service and region:

• Service Outlook (Revenue, USD Million, 2016 - 2027)

  • Aquatic Ecotoxicology

  • Sediment Ecotoxicology

  • Terrestrial Ecotoxicology

  • Avian Ecotoxicology

  • Pollinator Testing

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • India

    • China

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE