According to a new report, published by KBV research, The Global Genetic Toxicology Testing Market size is expected to reach $2.4 billion by 2028, rising at a market growth of 13.2% CAGR during the forecast period.
The Reagents & Consumables market is exhibiting a CAGR of 13.8% during (2022 - 2028). Reagents & consumables are lab supplies that must be created again or ordered again after being used up. All of the media, chemicals, and single-use lab plastics, tips, etc. are included in this. The segment's expansion can be ascribed to the broadening range of applications and subsequent rise in regulatory agency demands.
The In Vitro market is leading the Global Genetic Toxicology Testing Market by Type in 2021; thereby, achieving a market value of $1.6 billion by 2028. The segment is predicted to maintain a similar momentum over the anticipated time. The popularity of the deterministic in vitro testing strategy has increased as a result of ethical, scientific, and budgetary issues with the usage of animals in toxicological research. A recognized organization offers alternate methods such as an in vitro test coupled with the cytogenetic evaluation of chromosomal damage using mammalian cells.
The Cosmetics Industry market shows the high growth rate of 13.7% during (2022 - 2028). Cosmetics are being used more frequently as a result of rising spending power and the public's easy access to them, which has encouraged the industry to spend in the development of safe goods and the discovery of ground-breaking new ones. For the protection of consumers, the identification of dangerous chemicals is essential.
The North America market dominated the Global Genetic Toxicology Testing Market by Region in 2021; thereby, achieving a market value of $866.8 million by 2028. The Europe market is anticipated to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 14.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/genetic-toxicology-testing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., Charles River Laboratories International, Inc., Laboratory Corporation of America Holdings, Eurofins Scientific Group, Jubilant Pharmova Limited., Syngene International Limited, Gentronix Ltd., Inotiv Inc., Creative Bioarray and MB Research Laboratories.
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