What is the global market size of Genetic Toxicology Testing Market?

Genetic Toxicology Testing Market size was valued at USD 1.16 billion in 2021 and is poised to grow from USD 1.31 billion in 2022 to USD 3.40 billion by 2030, growing at a CAGR of 12.7% in the forecast period (2023-2030).

Genetic Toxicology Testing Companies

Q: Which region accounted for the largest share in Global Genetic Toxicology Testing Market?

The global genetic toxicology testing market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominant region in the global genetic toxicology testing market is North America. This region boasts advanced research and development infrastructure, a strong pharmaceutical industry presence, and stringent regulatory frameworks that drive the demand for genetic toxicology testing. The United States, in particular, houses numerous biotechnology and pharmaceutical companies, contributing to the dominant position of North America in this market.

Genetic Toxicology Testing Market Competitive Landscape

The global genetic toxicology testing market presents a competitive landscape marked by prominent players striving to offer comprehensive solutions and innovative testing methods. Leading companies such as Covance, Charles River Laboratories, Eurofins Scientific, Thermo Fisher Scientific, and SGS SA dominate the market. These key players focus on expanding their service portfolios, collaborating with pharmaceutical and biotechnology companies, and investing in advanced technologies to enhance testing accuracy and efficiency. The market's competitiveness is fueled by the increasing demand for safety assessment in drug development, chemical testing, and environmental monitoring. Companies are investing in research and development to introduce novel assays and predictive models that enable quicker and more accurate genetic toxicology evaluations. Mergers, acquisitions, and partnerships are also prominent strategies among players to consolidate their positions and broaden their geographical presence. As regulatory bodies tighten guidelines for genotoxicity assessment, the competitive landscape is further shaped by companies' ability to adapt to changing compliance requirements. Overall, the global genetic toxicology testing market is characterized by established players vying for innovation, strategic collaborations, and regulatory compliance to maintain and expand their market share.

Genetic Toxicology Testing Market Top Player’s Company Profile

Covance Inc. (USA)

Eurofins Scientific SE (Luxembourg)

Charles River Laboratories International Inc. (USA)

SGS SA (Switzerland)

Merck KGaA (Germany)

Laboratory Corporation of America Holdings (LabCorp) (USA)

Thermo Fisher Scientific Inc. (USA)

Toxikon Corporation (USA)

WuXi AppTec (China)

Genetic Toxicology Association (GTA) (USA)

BioReliance Corporation (USA)

Intertek Group plc (UK)

Shanghai Medicilon Inc. (China)

Bio-Rad Laboratories, Inc. (USA)

MPI Research (USA)

Cell Systems Corporation (USA)

CeeTox Inc. (USA)

Gentronix Ltd. (UK)

LabGenius Limited (UK)

Molecular Toxicology Inc. (USA)

Ricerca Biosciences LLC (USA)

ATCC (American Type Culture Collection) (USA)

Coy Laboratory Products Inc. (USA)

Promega Corporation (USA)

Creative Bioarray (USA)

Genetic Toxicology Testing Market

FAQs

Genetic Toxicology Testing Market size was valued at USD 1.31 billion in 2022 and is poised to grow from USD 1.48 billion in 2023 to USD 3.84 billion by 2031, growing at a CAGR of 12.70% during the forecast period (2024-2031).

The genetic toxicology testing market presents a competitive landscape marked by prominent players striving to offer comprehensive solutions and innovative testing methods. Leading companies such as Covance, Charles River Laboratories, Eurofins Scientific, Thermo Fisher Scientific, and SGS SA dominate the market. These key players focus on expanding their service portfolios, collaborating with pharmaceutical and biotechnology companies, and investing in advanced technologies to enhance testing accuracy and efficiency. The market's competitiveness is fueled by the increasing demand for safety assessment in drug development, chemical testing, and environmental monitoring. Companies are investing in research and development to introduce novel assays and predictive models that enable quicker and more accurate genetic toxicology evaluations. Mergers, acquisitions, and partnerships are also prominent strategies among players to consolidate their positions and broaden their geographical presence. As regulatory bodies tighten guidelines for genotoxicity assessment, the competitive landscape is further shaped by companies' ability to adapt to changing compliance requirements. Overall, the genetic toxicology testing market is characterized by established players vying for innovation, strategic collaborations, and regulatory compliance to maintain and expand their market share. 'Covance Inc. (USA)', 'Eurofins Scientific SE (Luxembourg)', 'Charles River Laboratories International Inc. (USA)', 'SGS SA (Switzerland)', 'Merck KGaA (Germany)', 'Laboratory Corporation of America Holdings (LabCorp) (USA)', 'Thermo Fisher Scientific Inc. (USA)', 'Toxikon Corporation (USA)', 'WuXi AppTec (China)', 'Genetic Toxicology Association (GTA) (USA)', 'BioReliance Corporation (USA)', 'Intertek Group plc (UK)', 'Shanghai Medicilon Inc. (China)', 'Bio-Rad Laboratories, Inc. (USA)', 'MPI Research (USA)', 'Cell Systems Corporation (USA)', 'CeeTox Inc. (USA)', 'Gentronix Ltd. (UK)', 'LabGenius Limited (UK)', 'Molecular Toxicology Inc. (USA)', 'Ricerca Biosciences LLC (USA)', 'ATCC (American Type Culture Collection) (USA)', 'Coy Laboratory Products Inc. (USA)', 'Promega Corporation (USA)', 'Creative Bioarray (USA)'

Growing awareness among individuals and healthcare providers about the importance of genetic health and its implications is a significant driver. Genetic toxicology testing helps identify potential risks associated with exposure to various environmental factors, such as chemicals, drugs, and pollutants, thereby aiding in personalized healthcare and preventive measures.

Shift towards In Vitro Testing Methods: The market is witnessing a significant shift towards in vitro genetic toxicology testing methods. Traditional animal-based testing methods are being replaced by cell-based assays, which offer several advantages including reduced ethical concerns, faster results, cost-effectiveness, and improved relevance to human biology. In vitro methods such as the Ames test, micronucleus assay, and Comet assay are gaining traction due to their ability to provide accurate data on genotoxicity and mutagenicity potential of substances. Regulatory agencies are also encouraging the adoption of in vitro methods, further driving their integration into the industry.

The genetic toxicology testing market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominant region in the genetic toxicology testing market is North America. This region boasts advanced research and development infrastructure, a strong pharmaceutical industry presence, and stringent regulatory frameworks that drive the demand for genetic toxicology testing. The United States, in particular, houses numerous biotechnology and pharmaceutical companies, contributing to the dominant position of North America in this market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Genetic Toxicology Testing Market Size, Share, Growth Analysis, By Product(Reagents & Consumables, Assays, Services), By Application(Pharmaceutical & Biotechnology, Food Industry, Cosmetics Industry, Other), By Region - Industry Forecast 2024-2031

Genetic Toxicology Testing Market Competitive Landscape

Genetic Toxicology Testing Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Genetic Toxicology Testing Market Size, Share, Growth Analysis, By Product(Reagents & Consumables, Assays, Services), By Application(Pharmaceutical & Biotechnology, Food Industry, Cosmetics Industry, Other), By Region - Industry Forecast 2024-2031

Genetic Toxicology Testing Market Competitive Landscape

Genetic Toxicology Testing Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Genetic Toxicology Testing Market?

Who are the key vendors in the Genetic Toxicology Testing Market?

What is the key driver of Genetic Toxicology Testing Market?

What is the key market trend for Genetic Toxicology Testing Market?

Which region accounted for the largest share in Genetic Toxicology Testing Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300