Selbyville, Delaware, Jan. 21, 2021 (GLOBE NEWSWIRE) — As per authentic predictions, global genetic toxicology testing market size had reached a valuation of USD 1.09 billion in the year 2019 and is expected to register a y-o-y growth rate of 10.2% between 2020 and 2027. The growth can be primarily attributed to rising number of drug development processes, focus towards R&D activities in pharmaceutical companies, and surging investments towards medical research activities.
The report talks about the different market segmentations such as product type, application reach, and regional outlook, while evaluating their respective contribution impact on the overall industry remuneration. Besides, the research document emphasizes on the leading companies operating in this business vertical by offering insights to their individual market share, growth strategies implemented, and innovative product launches.
For those unaware, genetic toxicology involves analyzing the effects of chemical, physical, and biological agents on the heredity of living organisms. It is basically the study of toxic effects to DNA (deoxyribonucleic acid).
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Genetic toxicology plays a vital role during research & development activities as several tests are being conducted to design and produce a specific drug. Moreover, rising adoption of genetic toxicology during vaccine development is stimulating the overall industry outlook.
Several companies operating in food, cosmetic, and healthcare sector are widely adopting genetic toxicology. Thus, rapid expansion of these business domains is adding traction to global genetic toxicology testing industry size. However, scarcity of standardized vitro models in order to analyze complex endpoints could potentially act as a restraining factor to the overall market expansion.
Regardless, growing demand for humanized animal models is creating lucrative opportunities for industry participants, thereby positively impacting global genetic toxicology testing market dynamics.
A summary of the market segmentations
Global genetic toxicology testing market is segmented on the basis of product type, application scope, and geographical reach. Speaking of product landscape, the market is bifurcated into servers, reagents & consumables, and assays. The application scope of the overall market consists of agriculture industry, cosmetics industry, food industry, and healthcare industry.
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From the regional perspective
Elaborating on the geographical landscape, worldwide genetic toxicology testing industry is split into Europe, North America, Asia-Pacific, Latin America, and rest of the world. According to reliable estimations, North America currently accounts for the largest market share and is likely to experience consistent growth throughout the forecast period.
Factors such as increasing government and academic investments towards genomics and proteomics research activities coupled with rising development of structure-based drug types have fueled the demand for genetic toxicology testing, which in turn is facilitating the business scenario in North America.
On the other hand, Asia-Pacific genetic toxicology testing industry is anticipated to record the highest CAGR through 2027, owing to rising R&D expenditure among biopharmaceutical companies and widespread adoption of advanced technologies.
Global Genetic Toxicology Testing Market by Product Type (Revenue, USD Billion, 2017-2027)
- Reagents & Consumables
Global Genetic Toxicology Testing Market by Application Reach (Revenue, USD Billion, 2017-2027)
- Agriculture Industry
- Cosmetics Industry
- Food Industry
- Healthcare Industry
Global Genetic Toxicology Testing Market Regional Outlook (Revenue, USD Billion, 2017-2027)
- South Korea
- Rest of Asia-Pacific
- United Kingdom
- Rest of Europe
- Rest of Latin America
Rest of the World
Global Genetic Toxicology Testing Market Competitive Terrain (Revenue, USD Billion, 2017-2027)
- Creative Biolabs Inc.
- Eurofins Scientific
- Shanghai Medicilon Inc.
- The Merck Group
- Cyprotex plc
- Jubilant Life Sciences Limited
- Laboratory Corporation of America Holdings
- Creative Bioarray
- Charles River Laboratories International Inc.
- Thermo Fisher Scientific Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Genetic Toxicology Market, by Region, 2018-2027 (USD Billion)
1.2.2. Genetic Toxicology Market, by Product, 2018-2027 (USD Billion)
1.2.3. Genetic Toxicology Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Genetic Toxicology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Genetic Toxicology Market Dynamics
3.1. Genetic Toxicology Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Genetic Toxicology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Genetic Toxicology Market, by Product
5.1. Market Snapshot
5.2. Global Genetic Toxicology Market by Product, Performance – Potential Analysis
5.3. Global Genetic Toxicology Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Genetic Toxicology Market, Sub Segment Analysis
5.4.2. Reagents & Consumables
Chapter 6. Global Genetic Toxicology Market, by Application
6.1. Market Snapshot
6.2. Global Genetic Toxicology Market by Application, Performance – Potential Analysis
6.3. Global Genetic Toxicology Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Genetic Toxicology Market, Sub Segment Analysis
6.4.1. Healthcare Industry
6.4.2. Food Industry
6.4.3. Cosmetics Industry
6.4.4. Agriculture Industry
Chapter 7. Global Genetic Toxicology Market, Regional Analysis
U.S. Direct-to-Consumer Genetic Testing Market, Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
U.S. Direct-To-Consumer Genetic Testing Market is expected to exceed USD 850 million by 2025, as per new research report. Increasing public awareness pertaining to availability of DTC genetic testing kits will be a high impact rendering factor for the U.S. DTC genetic testing market growth. Rising incidence of genetic diseases will accelerate demand for direct-to-consumer genetic testing kits over the forecast period. Genetic disorders such as achondroplasia, Parkinson’s and Alzheimer’s diseases are amongst the major ailments that cause adverse effect on an individual’s life. Direct access to genetic tests allows patients to know the probability of acquiring such disorders that has reduced the mortality rates. As a result, DTC genetic testing kits have crucial role in recognizing the genetic alterations, thereby escalating its demand in coming years.
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