The “Global Genetic Toxicology Testing Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Genetic Toxicology Testing Market.
Global Genetic Toxicology Testing Market is valued approximately at USD 1.09 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2020-2027.
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Genetic toxicology deals with the effects of Biological, Physical and chemical agents on the heredity of living organisms. Genetic toxicology is the study of the toxic effects of damage to deoxyribonucleic acid (DNA). In the research and development sector genetic toxicology plays a pivotal role as numerous tests are conducted to design and develop a drug. These test aids in discovering new vaccines and drugs. The increase in drug discovery and development drives the market growth. As with the increased number of Pharmaceutical R&D activities and rising investments in medical research propels the demand for genetic Toxicology. Furthermore, the rising application of Genetic Toxicology Testing in a range of end-use industries such as healthcare industry, cosmetic industry, food industry and others drives the market growth. The growth in the food processing industry and the demand for cosmetics drives the market for genetic Toxicology.
As of 2018, there were 430 cosmetics companies in France, according to FEBEA (French trade organization for cosmetics and perfume companies), while the overall local cosmetics production in the country amounted to USD 21.75 billion in 2016, which increased to USD 22.18 billion in 2017 and to USD 22.23 billion in 2018. According to Cosmetica Italia, the Italian Association of Cosmetics Industries, the country has 123,000 cosmetics companies with a total local cosmetics production of USD 11.6 billion in Italy in 2016, which grew to USD 12.3 billion in 2017. However, the lack of validated in vitro models to study complex endpoints impedes the market growth for Genetic Toxicology during the forecast period. Although, Rising global demand for humanized animal models presents a lucrative opportunity for the market.
The regional analysis of global Genetic Toxicology Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing development of structure-based drug designs, growing academic and government investments in genomics and proteomics research, Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as high biopharmaceutical R&D expenditure, and the emerging adoption of advanced technologies would create lucrative growth prospects for the Genetic Toxicology Testing market across Asia-Pacific region.
Major market player included in this report are: Beyond Meat
Thermo Fisher Scientific, Inc.
Charles River Laboratories International, Inc.
Creative Bioarray
Laboratory Corp Of America Holdings
Jubilant Life Sciences Limited
Cyprotex PLC
Merck KGaA
Shanghai Medicilon Inc.
Eurofins Scientific
Creative Biolabs
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Assays
Reagents & Consumables
Services
By Application:
Healthcare Industry
Food Industry
Cosmetics Industry
Agriculture Industry
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Genetic Toxicology Testing market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Genetic Toxicology Testing market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Genetic Toxicology Testing market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Genetic Toxicology Testing market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Genetic Toxicology Testing market. It encapsulates indispensable insights extracted from the Genetic Toxicology Testing Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Genetic Toxicology Testing market, including:
- What can be expected for the Genetic Toxicology Testing market in the next decade?
- What are the primary drivers of growth in the global Genetic Toxicology Testing market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Genetic Toxicology Testing market vary based on the size of the end market?
- What is the breakdown of Genetic Toxicology Testing by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Genetic Toxicology Testing market?
Our most recent research report showcases the thriving expansion of the global Genetic Toxicology Testing Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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