Genetic Toxicology Testing Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033 | Merck KGaA, SGS SA, WuXi AppTec, Evotec SE, Inotiv Inc.

"The new report published by The Business Research Company, titled Genetic Toxicology Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Driving Factors For Growth Of Genetic Toxicology Testing Market In The Era Of Personalized Medicine
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.

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.

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

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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

Contents of the report:
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

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