Genetic Toxicology Testing involves the use of compounds with unknown toxicities and highly hazardous positive control agents. Genetic toxicology studies are conducted to check the potential for induction of genetic mutations or chromosomal damage. The term genotoxic refers to physical or chemical agents that cause such effects by interacting with genetic material and altering its structure.
MARKET SCOPE
The "Global Genetic Toxicology Testing Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the genetic toxicology testing market with detailed market segmentation by product, end use, and geography. The report provides key statistics on the market status of the leading genetic toxicology testing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product, the global genetic toxicology testing market is segmented into reagents and consumables, assays, services
-On the basis of end use, the market is segmented into healthcare industry (pharmaceutical and biotechnology), food industry, cosmetics industry, other industries.
MARKET DYNAMICS
Drivers
-Rise in the research and development activities.
-Growing concern on personalized medicines.
-Opposition on animal testings of drugs and cosmetics
Restraints
-Lack of validated in vitro models to examine complicated end points.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The genetic toxicology testing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the genetic toxicology testing market in these regions.
IMPACT OF COVID-19 ON GENETIC TOXICOLOGY TESTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the genetic toxicology testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from genetic toxicology testing market are anticipated to lucrative growth opportunities in the future with the rising demand for genetic toxicology testing in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the genetic toxicology testing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Thermo Fisher Scientific, Inc.
-Charles River Laboratories International, Inc.
-Laboratory Corp of America Holdings
-Eurofins Scientific
-Jubilant Life Sciences Limited
-Merck KGaA
-Toxikon Corporation
-Gentronix Limited
-Creative Bioarray
-Creative Biolabs
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.