USD 1.31 billion
Global Genetic Toxicology Testing Market Size, Share, Growth Analysis, By Product(Reagents & Consumables, Assays), By Application(Pharmaceutical & Biotechnology, Food Industry) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2189 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
80
Global Genetic Toxicology Testing Market Insights
Global 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).
Genetic toxicology testing is a critical component of the broader pharmaceutical, biotechnology, and chemical industries. Genetic toxicology testing is a vital phase in the safety assessment of new drugs, chemicals, and consumer products, ensuring their potential risks to human health and the environment are thoroughly evaluated. This market's overview reflects its growing significance due to increasing regulatory scrutiny, advancements in testing methods, and a heightened emphasis on public health and safety. The market is experiencing notable growth due to factors such as expanding pharmaceutical and chemical R&D activities, stringent regulations set by global health authorities, and a rising awareness of the potential long-term effects of exposure to genotoxic substances.
Traditional tests, including the Ames test and chromosomal aberration assays, continue to be essential but are being complemented by advanced techniques like in vitro micronucleus assays, in silico modeling, and high-throughput screening methods. These advancements enable faster, more accurate, and cost-effective testing, driving market growth. Furthermore, the push toward alternative testing methods to reduce animal usage aligns with ethical considerations and regulatory demands, thereby boosting the adoption of non-animal testing models. The market is characterized by the presence of key players offering a diverse range of testing services, including contract research organizations (CROs) specializing in genetic toxicology testing.
US Genetic Toxicology Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical & Biotechnology
Fastest Growth
Pharmaceutical & Biotechnology
Growth Rate
12.70% CAGR
Global Genetic Toxicology Testing Market ($ Bn)
Country Share for North America Region (%)
Global Genetic Toxicology Testing Market By Application ($ Bn)
Global Genetic Toxicology Testing Market By Application (%)
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Global Genetic Toxicology Testing Market Segmental Analysis
The global genetic toxicology testing market is segmented on the basis of Type, Product, Application and region. By Type, the market is segmented into In Vitro, In Vivo. By Product, the market is segmented into Reagents & Consumables, Assays, Services. By Application, the market is segmented into Pharmaceutical & Biotechnology, Food Industry, Cosmetics Industry, Other. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Genetic Toxicology Testing Market Analysis By Product
In the global genetic toxicology testing market, the dominant segment is likely to be Reagents & Consumables. Reagents and consumables are essential components required for performing genetic toxicology assays and tests. They are used in various steps of the testing process, including sample preparation, reaction setup, and data analysis. As genetic toxicology testing is a recurring process, the demand for reagents and consumables remains consistently high, making this segment dominant in terms of revenue generation.
On the other hand, the fastest-growing segment is likely to be Services. With advancements in genetic toxicology techniques and an increasing emphasis on regulatory compliance, many organizations are outsourcing their genetic toxicology testing to specialized service providers. These providers offer expertise in conducting various assays, ensuring accurate results, and adhering to regulatory guidelines. The demand for outsourcing genetic toxicology testing services is anticipated to grow rapidly due to the complexities involved in the testing process and the need for specialized knowledge. This trend is likely to drive the services segment's growth at a significant rate in the market.
Genetic Toxicology Testing Market Analysis By Application
In the global genetic toxicology testing market, the Pharmaceutical & Biotechnology application segment stands out as the dominant one. Pharmaceutical and biotechnology companies heavily rely on genetic toxicology testing to assess the potential genotoxic effects of new drugs and therapies. This is a crucial step in ensuring the safety and efficacy of pharmaceutical products before they are introduced to the market. The stringent regulatory requirements in the pharmaceutical industry further drive the demand for genetic toxicology testing services.
On the other hand, the fastest growing segment in this market is the Cosmetics Industry. With increasing consumer awareness and demand for safe and non-toxic cosmetic products, genetic toxicology testing has gained significance in the cosmetics industry. Cosmetic companies use these tests to evaluate the genotoxicity of ingredients in their products, ensuring that they are free from harmful effects on genetic material. As regulations become more stringent and consumers demand safer products, the cosmetics industry is rapidly adopting genetic toxicology testing to maintain product quality and safety.
Global Genetic Toxicology Testing Market By Application, 2023 (%)
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Global Genetic Toxicology Testing Market Regional Insights
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.
On the other hand, the fastest-growing region in the global genetic toxicology testing market is Asia-Pacific. This region is witnessing a rapid expansion of its pharmaceutical and biotechnology industries, fueled by economic growth, increasing healthcare investments, and a rising focus on drug development. Countries like China and India are emerging as key players in drug discovery and development, creating a higher demand for genetic toxicology testing services. The region's growing population, coupled with rising awareness of genetic safety concerns, is further driving the adoption of genetic toxicology testing methods.
Global Genetic Toxicology Testing Market By Geography, 2024-2031
- Largest
- Fastest
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Global Genetic Toxicology Testing Market Dynamics
Genetic Toxicology Testing Market Drivers
Increasing Awareness of Genetic Health:
- 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.
Rising Regulatory Requirements:
- Stringent regulatory guidelines and requirements in various industries, including pharmaceuticals, chemicals, and cosmetics, are driving the demand for genetic toxicology testing. Regulatory bodies worldwide are emphasizing the need for comprehensive safety assessment of products before they enter the market, leading to an increased adoption of genetic toxicology testing to ensure consumer safety.
Genetic Toxicology Testing Market Restraints
Ethical and Privacy Concerns:
- Genetic toxicology testing involves the analysis of an individual's genetic information, which raises ethical concerns related to privacy, consent, and potential misuse of data. The collection, storage, and use of genetic data require careful handling and adherence to strict privacy regulations, potentially hindering the widespread adoption of such testing.
Complexity and Interpretation Challenges:
- Genetic toxicology testing results can be complex to interpret, and false positives or negatives can occur due to various factors. Interpreting the data accurately requires specialized expertise, which can lead to challenges in standardization and consistency of results across different testing laboratories. This complexity can impact the reliability and adoption of the testing method.
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Global 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 Recent Developments
- In January 2023, the US Environmental Protection Agency (EPA) announced that it would be phasing out the use of certain animal testing methods for genetic toxicology studies. This is a major step towards reducing the use of animals in research and is expected to boost the demand for alternative testing methods, such as genetic toxicology testing.
- In February 2023, the European Union (EU) adopted a new regulation on the in vitro testing of chemicals. This regulation will require all new chemicals to be tested for genetic toxicity using in vitro methods. This is expected to create new opportunities for the genetic toxicology testing market in the EU.
- In March 2023, a new company called GenTox Health was launched. GenTox Health is a genetic toxicology testing company that uses next-generation sequencing (NGS) technology to provide more accurate and comprehensive testing than traditional methods. This is a new development that is expected to disrupt the genetic toxicology testing market.
Global Genetic Toxicology Testing Key Market Trends
- 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.
- Focus on Regulatory Compliance and Safety Assessment: The genetic toxicology testing market is experiencing a growing emphasis on regulatory compliance and safety assessment. With stringent regulations governing the safety of chemicals, pharmaceuticals, and consumer products, companies are investing in thorough genetic toxicology assessments to ensure their products do not pose risks to human health and the environment. Additionally, as precision medicine gains prominence, the need for accurate genotoxicity data during drug development and personalized treatments is driving demand for advanced testing methodologies. Companies are collaborating with regulatory bodies to establish standardized testing protocols and guidelines, ensuring that products are thoroughly evaluated for genetic toxicity before entering the market.
Global Genetic Toxicology Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Genetic Toxicology Testing Market analysis, the market is undergoing comprehensive analysis as it responds to growing concerns about the potential risks posed by chemicals, pharmaceuticals, and environmental factors. Genetic toxicology testing evaluates the potential of substances to cause genetic mutations or damage, aiding in the identification of potential hazards to human health and the environment. The market is driven by regulatory requirements for safety assessment, especially in industries such as pharmaceuticals, chemicals, and food additives. Advancements in testing methodologies, including in vitro assays and computational models, are enhancing the accuracy and efficiency of genetic toxicology assessments. Additionally, the increased focus on personalized medicine and the need to evaluate the genetic safety of medical interventions further propel market growth. As public awareness of the importance of genetic safety grows, the demand for rigorous testing solutions is rising. The market's evolution is influenced by regulatory landscapes, technological innovations, and the emphasis on health and environmental protection. In conclusion, the global genetic toxicology testing market is experiencing expansion due to its pivotal role in safeguarding human health and guiding safe product development across various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.31 billion |
| Market size value in 2031 | USD 3.84 billion |
| Growth Rate | 12.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Genetic Toxicology Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Genetic Toxicology Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Genetic Toxicology Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Genetic Toxicology Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Genetic Toxicology Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Genetic Toxicology Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Genetic Toxicology Testing Market Report Snapshots
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