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,
Gene Expression Analysis Market segmentation
The increase in popularity of personalized medicine and the various technological developments is driving the market growth. The integration of genomic data into the clinical workflows is one of the key factors that is driving the global gene expression analysis market forward. The research in this field is dedicated towards extending the application of studying genes and gene transcripts.
On the basis of product, the global market can be split into:
- Consumables
- Instruments
Based on the services, the global gene expression analysis market can be classified into:
- Sequencing services
- Gene expression profiling services
- Bioinformatics solutions
- Others
Lastly, based on the application, the global product market can categorized into:
- Diagnosis
- Drug discovery
- Research
- Others
Gene Expression Analysis Market Regional analysis
Depending upon the geographical segmentation, America will dominate the Gene Expression Analysis Market Report attributing to the research activities and rising popularity of the gene expression tests. The well-developed healthcare sector will also boost the growth of the American market. Europe will hold the second position in the global market due to the availability of research funds. Asia-Pacific will be the fastest growing market as studied, with the rising investment from governments and the developing economies. The Middle East and Africa will also share the market but some restraints such as the decrease in the secondary care facilities for the past few years has led to the decrease in the growth of the global gene expression analysis market.
Gene Expression Analysis Market Key Players
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. are some of the key players in the global gene expression analysis market.
Gene Expression Analysis Industry news
Illumina has collaborated with IDbyDNA, a metagenomics company, offering new next-gen sequencing that are focused on infectious disease and microbiology. Both these companies are working on the Explify platform that can detect the profile for over 50,000 microorganisms and 3,000 pathogens in the clinic for the use of sequencing giant's hardware and library preparation systems.
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