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GENETIC TOXICOLOGY TESTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Genetic Toxicology Testing Market, By Type (In Vitro and In Vivo), By Product (Reagents, Consumables, Assays, and Services), By End User (Contract Research Organizations, Pharmaceutical Companies, Chemical Companies, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jul 2024
  • Code : CMI7153
  • Pages :168
  • Formats :
      Excel and PDF
  • Industry : Biotechnology

Regional Analysis

Genetic Toxicology Testing Market Regional Insights

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North America has established itself as the dominant region. The region is expected to account for a market share of 40.2% in 2024 in the global genetic toxicology testing market. With the presence of major pharmaceutical and biotechnology companies, the U.S. contributes significantly to the overall market size in the region. Stringent regulations regarding drug safety imposed by regulatory bodies such as FDA have pushed companies to invest heavily in genotoxicity screening at early stages of drug development. Additionally, the region is an attractive hub for outsourcing toxicology services due to availability of experienced professionals and established infrastructure for testing.

The Asia Pacific region is poised to be the fastest growing market for genetic toxicology testing globally. Rapid expansion of pharmaceutical and generic drug manufacturing industries in countries such as China, India, and South Korea is a major factor driving market growth. These countries contribute over 60% of global generics production and account for nearly 35% of USFDA-approved facilities located outside the U.S. With growing acceptance of outsourcing drug development activities to Asia Pacific, the demand for supporting preclinical services including genetic toxicology is surging rapidly. Governments in the region are also implementing stringent regulations modelled after international guidelines to assure drug safety, which necessitates the widespread adoption of genetic toxicology protocols.

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