Market Highlights
It is estimated that the global Gene Expression Analysis Market is expected to hold a market value of USD 3,250 million and register a CAGR ~ 9.1% during the forecast period of 2018–2023. Gene expression analysis is research dedicated towards functional genomics extending the application purview of studying genes and gene transcripts. Gene expression analysis is the method used for extraction of data from a gene which is used for the production of a practical gene product. The method can be used calculating the genetic code which is reserved in the DNA. This kind of research can be used for classifying diseases, which leads to a wide range of applications such as pharmacogenomics, diagnostics, biomarkers, and toxicology. Growing developments in personalized medicine and technological developments are driving market growth. According to a data published by the Foley & Lardner LLP, Food and Drug Administration (FDA) approved 16 new personalized medicines in 2017. Additionally, the development of genomic databases and rising government funding for genomics is fueling market growth.
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However, lack of skilled & trained labor and expensiveness of instruments may negatively affect the market growth during the forecast period.
The global gene expression analysis market is currently dominated by many market players. The key players in the market are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in February 2018, F. Hoffmann-La Roche Ltd received US Food and Drug Administration (FDA) clearance for Roche Factor II, Factor V Gene Mutation Test for Inherited Thrombophilia. This test is for use on the Cobas 4800 system, which performs real-time PCR analysis for mid- to high-volume labs.
Key Players
Some of the key players in the global gene expression analysis market are GENERAL ELECTRIC COMPANY, Illumina, Inc., Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd, Pacific Biosciences of California, Inc., BGI, PerkinElmer Inc., Agilent Technologies, Inc., QIAGEN, Oxford Gene Technology, Eurofins Scientific, Danaher, Genotypic Technology Pvt Ltd, Macrogen Inc.
Regional Analysis
The Americas is anticipated to dominate the global gene expression analysis market owing to the increasing research activities and the rising popularity of gene expression tests. Moreover, the well-developed healthcare sector is anticipated to boost the American gene expression analysis market.
Europe is expected to account for the second largest market share in the global gene expression analysis market. The market growth in this region is attributed to the availability of funds for research.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the increasing investment from governments in the field of genomics, and continuously developing economies. According to a report published by the International Journal of Social and Developmental Concerns in October 2017, in Malaysia, the growth of the public primary, as well as secondary care facilities, has decreased in the past few years, and it has not kept pace with the rapid urbanization. Thus, such factors restraint the growth of the market in this region. On the other hand, the Middle East & Africa is anticipated to account for the least share of the market.
Segmentation
The global gene expression analysis market has been segmented into products, services, application, end-user, and region.
The market, on the basis of product, has been segmented into consumables and instruments.
The market, based on consumables, has been further segmented into reagents and DNA chips.
The market, based on instruments, has been further segmented into polymerase chain reaction (PCR), next-generation sequencing (NGS), microarray, Sanger sequencing, and others.
The market, by services, has been segmented into gene expression profiling services, sequencing services, bioinformatics solutions, and others.
The market, by application, has been segmented into drug discovery, diagnosis, research, and others.
On the basis of end-user, the market has been segmented into pharmaceutical & biotechnology companies, academic & research institutes, contract research organizations, and others.
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The major factors driving the growth of the gene expression analysis market include decreasing cost of sequencing, rising prevalence of cancer, growing application areas of genomics, and the availability of gene expression databases.The report Gene Expression Analysis Market is expected to reach USD 4.9 billion by 2023 from USD 3.2 billion in 2018, at a CAGR of 8.8%.Download PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156613968Market Segmentation:- On the basis of products and services, the global Gene Expression Analysis Industry has been segmented into consumables (reagents, DNA chips), Instruments (PCR, NGS, Microarray, others), and services (gene expression profiling services, bioinformatics solutions).
The consumables segment is estimated to command the largest share of the market in 2018 and is also projected to register the highest CAGR.Based on end user, the market has been segmented into pharmaceutical and biotechnology companies, academic institutes and research centers, and other end users.
The pharmaceutical and biotechnology companies segment is expected to command the largest share of 54.8% of the market in 2018.Recent DevelopmentsIn January 2017, Biorad acquired of RainDance Technologies, a droplet-based PCR systems manufacturer.
RainDance Technologies has a more focused portfolio, primarily known for its droplet-based technologies for digital PCR (dPCR).In March 2016, Thermo Fisher Scientific completes acquisition of Affymetrix, a leading provider of cellular and genetic analysis products.Regional Analysis:-Geographically, North America is expected to dominate the global gene expression analysis market in 2018, while the Asia Pacific region is expected to register the highest CAGR during the forecast period.Speak To Analyst: - https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=156613968Top Key Players:-The major players operating in the Gene Expression Analysis Industry include Illumina, Inc. (US), Thermo Fisher Scientific, Inc. (US), and Bio-Rad Laboratories, Inc. (US) are the key players in the gene expression analysis market.
It is an indicator of biological activity of changing gene expression pattern, this is a widely used the approach in research, clinical and pharmaceutical to understand individual gene.
It is the study of gene products by imaging, amplification, probe hybridization or sequencing-based detection methods.
With the help of gene expression, the genetic code on a DNA can be studied.
Latest released the research study on Global Gene expression analysis Market, offers a detailed overview of the factors influencing the global business scope.
Gene expression analysis Market Data Breakdown and Market Segmentation: by Type (Consumables (Reagents, DNA Chips), Instruments (PCR, NGS, Microarray)), Application (Diagnostics, Pharmacogenomics, Toxicology, Compare Expression Levels of One or More Genes from Biomarkers), Techniques Types (Absolute Quantitation Techniques (Serial Analysis of Gene Expression), Microarrays), Service Types (Gene Expression Profiling Services, Bioinformatics Solutions) What's Trending in Market:Real-Time PCR Has Risen As the Most Popularly Used Approach in StudiesChallenges:Lack of Skilled Labor Is Become Hurdle For Innovations in FirmRestraints:High Cost of Instrument Will Lead To Decline the MarketMarket Growth Drivers:Decreasing Cost of SequencingHigh Availability of Gene Expression DatabasesGrowing Application Areas of Genomics Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
– Latest industry influencing trends and development scenario – Open up New Markets – To Seize powerful market opportunities – Key decision in planning and to further expand market share – Identify Key Business Segments, Market proposition & Gap Analysis – Assisting in allocating marketing investments Strategic Points Covered in Table of Content of Global Gene expression analysis Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Market Keyword without Region marketChapter 2: Exclusive Summary – the basic information of the Gene expression analysis Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Gene expression analysisChapter 4: Presenting the Gene expression analysis Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the Gene expression analysis market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Gene expression analysis Market is a valuable source of guidance for individuals and companies in their decision framework.
