"Designing Growth Strategies is in our DNA"
Genetic toxicology testing studies the effects of various biological, physical, and chemical agents on the living organisms’ hereditary. A study of toxic effects of damage to the DNA is known as genetic toxicology. These tests are either done to find out about chromosomal damage and gene mutation. The toxicology tests are conducted on pharmaceutical impurities, agrochemicals, chemicals used in the cosmetic industry, pharmaceutical drugs and industrial chemicals.
In the R&D sector, genetic toxicology plays an important role as various tests are conducted to develop and design new drugs. These tests help in discovering new vaccines and drugs. These tests also focuses on personalized medicines and drug discovery utilizing in vitro methods. In addition to these uses, the demand for humanized animal models is also witnessing a rise, which is likely to open ample opportunities for the key players in the global genetic toxicology testing market shortly.
The growing application of genetic toxicology testing in various end-use industries such as the healthcare industry, cosmetic industry, food industry, and others drives the market growth. The growth in the food processing industry and the demand for cosmetics is expected to drive the market. The goal of R&D activities is to grow the overall chances of approval of Phase I drug candidates by increasing the acceptance of compounds in the preclinical stages. Thus, intensive research and development activities are conducted in the early stages of drug development. Thus, this is leading to the market growth. Increasing R&D investments in the early stages of drug development are also supposed to increase the use of in vivo toxicology methods before the drug reaches the expensive clinical stages. These factors are leading to a rise in demand for the genetic toxicology testing market.
However, the lack of validation in vitro models to study complex endpoints is expected to limit the market growth for genetic toxicology. Furthermore, the reluctance of regulatory authorities to consider alternative methods for proving safety and efficacy is expected to restrain the growth of this market to a certain extent.
Key Market Driver -
Increasing R&D activities of Early Toxicity detection in drugs are reasons for the growth of this market.
Key Market Restraint -
Lack of validated In-vitro models to study complex endpoints.
Globally, the genetic toxicology testing market can be segmented on the basis of product, application, and region. Based on product, the market can be segmented into reagents and consumables, assays and services. Based on application, the market can be segmented into healthcare industry, food industry, cosmetics industry and other industries (agriculture and chemical). Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa
The major companies in the global genetic toxicology testing market report include Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., Laboratory Corp of America Holdings, Eurofins Scientific, Merck KGaA, Gentronik Limited, Jubilant Life Sciences, Toxikon Corporation, Sotera Health LLC, MB Research Laboratories, Shanghai Medicilon Inc., and other prominent players.
North America accounts for the highest share in revenue in the genetic toxicology market. This is due to the growth in development of structure-based drug designs, high academic and government investment in the research of genomics and proteomics, and the increase in adoption rate of advanced technologies in North America. Another factor that attributes to the region’s large revenue share is the presence of key players. This region is followed by Europe, Asia-Pacific, Latin America, and the Middle East, and Africa.
Asia-Pacific is projected to show highest growth rate in the forecast period. High pharmaceutical R&D expenditure and the emerging adoption of advanced technologies would create channels for the genetic toxicology testing market in this particular region. Latin America and Middle East and Africa region are expected to grow in the forecast period, this growth will be attributed to increase in awareness among people and to slow advancements in research programs by key players in this region.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry