Press release
Genetic Toxicology Testing Market to Witness Huge Growth by Key Players: Cyprotex PLC, Merck KGaA, Creative Biolabs, Toxikon Corporation, Creative Bioarray
Global Genetic Toxicology Testing Market 2021-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.Download FREE Sample Research Report of Genetic Toxicology Testing Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=3941396
The genetic toxicology testing market is projected to reach USD 2.0 billion by 2025 from USD 1.2 billion in 2020, at a CAGR of 10.2%.
The report provides a comprehensive analysis of company profiles listed below:
• Thermo Fisher Scientific Inc. (US)
• Charles River Laboratories International Inc. (US)
• Creative Bioarray (US)
• Laboratory Corp Of America Holdings (US)
• Jubilant Life Sciences Limited (India)
• Cyprotex PLC (UK)
• Merck KGaA (Germany)
• Shanghai Medicilon Inc. (China)
• Eurofins Scientific (Germany)
• Creative Biolabs (US)
• Toxikon Corporation (US)
• Environmental Bio-Detection Products Inc. (EBPI) (Canada)
• Gentronix Limited (UK)
• MB Research Laboratories (US)
• Sotera Health LLC (US).
"Based on product, the services segment holds the largest market share during the forecast period."
Based on product, the genetic toxicology testing market is segmented into reagents & consumables, assays, and services. The services segment accounted for the larger market share in 2019. The growing R&D activities in the pharmaceutical industry, growing government investments in the field of life sciences research, and the increasing research being undertaken with integrated omics studies, which is leading to increased outsourcing of services to contract research organizations (CROs), are factors attributing to the larger share of the segment.
"Based on application, the cosmetics industry segment is expected to register the highest CAGR during the forecast period."
Based on application, the genetic toxicology testing market is segmented into the healthcare industry (pharmaceutical & biotechnology), food industry, cosmetic industry, and others (agriculture and chemical industries). The cosmetics industry segment is expected to witness the highest growth during the forecast period. The increasing use of cosmetics owing to the rising disposable incomes and their easy availability to the public has driven the industry to invest in the research of breakthrough products and develop safe products are set to drive market growth.
"North America is expected to account for the largest share of the genetic toxicology testing market in 2019"
In 2019, North America accounted for the largest share of the genetic toxicology testing market, followed by Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of this market segment can be attributed to the increasing development of structure-based drug designs, growing academic and government investments in genomics and proteomics research, rising life sciences research funding, high biopharmaceutical R&D expenditure, and the emerging adoption of advanced technologies in North America.
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Competitive Landscape of Genetic Toxicology Testing Market:
1 Overview
2 Market Share Analysis
3 Company Evaluation Matrix
3.1 Star
3.2 Emerging Leader
3.3 Pervasive
3.4 Emerging Companies
4 Competitive Situation And Trends
4.1 Expansions
4.2 Acquisitions
4.3 Other Strategies
Research Coverage:
The report analyzes the genetic toxicology testing market and aims at estimating the market size and future growth potential of this market based on various segments such as product, application, and region. The report also includes a product portfolio matrix of various genetic toxicology testing products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.
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