Genetic Toxicology Testing Global Market Report 2024 by The Business Research Company | F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated,

The genetic toxicology testing market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to rising public health crises, increasing globalization, increased focus on personalized medicine, rising demand for rigorous testing solutions, and an increasing number of drugs.

The genetic toxicology testing market size is expected to see rapid growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to rising demand for testing novel foods, rising concerns about potential risks, rising environmental and health concerns, increasing regulatory scrutiny, increasing use of in vitro testing methods, and the rise of high-throughput screening platforms. Major trends in the forecast period include advances in precision medicine and toxicogenomics, comprehensive risk communication, genetic toxicology testing methodologies, advancing risk assessment methodologies, integration of omics technologies, and advancements in genomics and molecular biology.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15574&type=smp

Genetic Toxicology Testing Market Major Segments
The genetic toxicology testing market covered in this report is segmented -

1) By Type: In Vitro, In Vivo
2) By Product: Services, Reagents And Consumables, Assays
3) By Application: Healthcare Industry, Food Industry, Cosmetics Industry, Agriculture Industry, Other Applications

Key Driver - Rising Adoption Of Ceramic Tiles Drives Expansion Of The Tile Abrasion Testing Market

The increasing demand for personalized medicine is expected to propel the growth of the genetic toxicology testing market going forward. Personalized medicine is a medical model that tailors healthcare decisions, practices, interventions, and products to the individual patient based on their predicted response or disease risk. The personalized medicine market has experienced a positive wave due to genetic breakthroughs, increased understanding of diseases, the availability of biomarker-based diagnostics, value-based healthcare initiatives, and integration into clinical practice and research. Genetic toxicology testing contributes to personalized medicine by providing essential information about genetic variability, susceptibility to genotoxic agents, and treatment response. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, in 2023, the FDA approved 16 new personalized medicines for rare disease patients, a rise from six in 2022. Therefore, the increasing demand for personalized medicine drives the genetic toxicology testing market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15574&type=smp

Prominent Trend - Innovative Phenotypic Drug Screening Platforms Revolutionizing Genetic Toxicology Testing Market

Major companies operating in the genetic toxicology testing market are focused on developing innovative drug screening platforms such as phenotypic drug screening, to improve accuracy and efficiency in identifying potential genetic toxins. Phenotypic drug screening is an approach used in drug discovery where compounds are tested based on their ability to produce a specific cellular or physiological response in a whole organism or a relevant cell system. For instance, in August 2022, Creative Biogene, a US-based biotechnology company, launched zebrafish disease models to support drug discovery and toxicology research. These models are designed to mimic human genetic diseases in zebrafish, providing insights into disease pathogenesis, drug discovery, and toxicology. Creative Biogene's zebrafish models offer a valuable platform for assessing drug toxicity, predicting the safety of new compounds, and supporting the drug development process.

Genetic Toxicology Testing Market Players
Major companies operating in the genetic toxicology testing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, Eurofins Scientific SE, SGS SA, WuXi AppTec, Intertek Group plc, Charles River Laboratories International Inc., PerkinElmer Inc., Bio-Rad Laboratories Inc., Fraunhofer ITEM, Jubilant Life Sciences Limited, Evotec SE, Inotiv Inc., Promega Corporation, Syngene International Limited, Nelson Laboratories LLC, Instem, Frontage Laboratories Inc., Creative Bioarray, Creative Biolabs Inc., Gentronix Limited, MB Research Laboratories

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/genetic-toxicology-testing-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the genetic toxicology testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genetic toxicology testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Genetic Toxicology Testing Market Report Structure
3. Genetic Toxicology Testing Market Trends And Strategies
4. Genetic Toxicology Testing Market - Macro Economic Scenario
5. Genetic Toxicology Testing Market Size And Growth
…..
27. Genetic Toxicology Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.