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The global genetic toxicology testing market was US$ 1.3 billion in 2021. The global genetic toxicology market is expected to grow to US$ 2.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.
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Genetic toxicology testing helps detect the harmful substances present in the body. The testing helps assess the compounds that generate chromosomal damage & induce genetic mutation.
Factors Influencing the Market
The improving R&D infrastructure in the pharmaceutical or biotechnology sector will primarily drive the growth of the genetic toxicology testing market. It is owing to the growing prevalence of diseases and rising rate of technological advancement in the region. Further, scientists are working on new findings, which is inviting potential investment. Therefore, it will propel the genetic toxicology testing market forward during the analysis period.
The growing trend f personalized medicines will open doors of opportunities for the genetic toxicology testing market. Moreover, various rules are introduced aimed at banning the use of drug and cosmetic testing on animals. Therefore, it will fuel the growth of the genetic toxicology testing market during the study period.
Regional Analysis
North America held dominance in the genetic toxicology testing market and is expected to grow further due to the well-established healthcare and medical infrastructure in the region. Further, growing technological advancement is one of the major reasons boosting the growth of the genetic toxicology testing market. The presence of key market players in North America, such as Jubilant Life Sciences Ltd, Laboratory Corp of America Holdings, Creative Bioarray, etc., will boost the growth of the market during the analysis period.
The Asia Pacific genetic toxicology testing market is expected to grow with a significant CAGR due to the growing government initiatives aimed at increasing R&D and rising investments by both government and private bodies. Additionally, the growing geriatric population and technological advancement will contribute to the growth of the genetic toxicology testing market during the analysis period.
COVID-19 Impact Analysis
The COVID-19 pandemic was opportunistic for the genetic toxicology testing market due to the sudden growth in the demand for quick toxicology testing. Additionally, growth in the support from the FDA further influenced the growth of the market. For instance, various in-vitro kits like in vitro toxicology assays and consumables aimed at SARS-CoV-2 toxicology testing won FDA approval. As a result, it has been beneficial for the genetic toxicology testing market.
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Competitors in the Market
Some of the key players profiled in the genetic toxicology testing market are:
• Thermo Fisher Scientific, Inc.
• Charles River Laboratories International
• Eurofins Scientific
• Merck KGAA
• Jubilant Life Sciences Ltd
• Laboratory Corp of America Holdings
• Gentronix Ltd
• Creative Bioarray
• Environmental Bio-Detection Products Inc
• Cyprotex PLC
• Shanghai Medicilon Inc.
• Toxikon Corporation
• Concave
• BioReliance
• Fraunhofer ITEM
• Instem
• Gentronix Ltd
• Toxikon Corporation
• Other Prominent Players
Market Segmentation
The global genetic toxicology testing market segmentation focuses on Type, Product, Application, and Region.
By Type
• In vitro
• In vivo
By Product
• Reagents & Consumables
• Assays
• Services
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By Application
• Healthcare Industry
• Food Industry
• Cosmetics Industry
• Agriculture Industry
• Others
By Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
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• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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