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In-Depth Analysis of the Genetic Toxicology Testing Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Genetic Toxicology Testing Market
The increasing demand for personalized medicine is expected to boost the genetic toxicology testing market. Personalized medicine tailors healthcare to individual characteristics, improving treatment outcomes. Genetic toxicology testing plays a crucial role in personalized medicine by identifying genetic variations and susceptibility to toxic agents. For example, the Personalized Medicine Coalition reported that the FDA approved 16 new personalized medicines for rare diseases in 2023, a significant increase from 2022. Therefore, the rising demand for personalized medicine is driving the growth of the genetic toxicology testing market.
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What Is the projected market size and growth rate for the genetic toxicology testing market?
The genetic toxicology testing market has seen solid growth. It will increase from $1.63 billion in 2024 to $1.8 billion in 2025, reflecting a CAGR of 10.4%. This growth is driven by growing public health concerns, globalization, a greater focus on personalized medicine, increased demand for robust testing solutions, and an increase in the number of drugs being developed.
The genetic toxicology testing market is expected to reach $2.64 billion by 2029, growing at a CAGR of 10.0%. Growth is driven by the demand for testing novel foods, environmental and health concerns, regulatory scrutiny, and in vitro testing methods. Trends include advancements in precision medicine, risk communication, toxicology testing methods, omics integration, and genomics developments.
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What new trends are reshaping the genetic toxicology testing market and its opportunities?
Companies in the genetic toxicology testing market are focusing on developing innovative drug screening platforms like phenotypic drug screening to enhance the identification of genetic toxins. In August 2022, Creative Biogene, a US-based biotechnology firm, launched zebrafish disease models to aid drug discovery and toxicology research. These models mimic human genetic diseases, offering valuable insights into disease pathogenesis and drug toxicity, supporting the safety assessment of new compounds.
What major market segments define the scope and growth of the genetic toxicology testing market?
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
Subsegments:
1) By In Vitro: Ames Test, Micronucleus Assay, Comet Assay, Chromosomal Aberration Test, Cell Transformation Assay, Other In Vitro Methods
2) By In Vivo: Micronucleus Test (Rodent), Comet Assay (In Vivo), Bone Marrow Chromosomal Aberration Test, Dominant Lethal Test (Rodent), Other In Vivo Methods
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Which region dominates the genetic toxicology testing 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.
Which key market leaders are driving the genetic toxicology testing industry growth?
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
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What Is Covered In The Genetic Toxicology Testing Global Market Report?
•Market Size Forecast: Examine the genetic toxicology testing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the genetic toxicology testing market for a structured understanding.
•Key Players Overview: Analyze major players in the genetic toxicology testing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the genetic toxicology testing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the genetic toxicology testing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the genetic toxicology testing market.
•Industry Challenges: Identify potential risks and obstacles affecting the genetic toxicology testing market.
•Competitive Landscape: Review strategic developments in the genetic toxicology testing market, including expansions, agreements, and new product launches.
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