Gene Expression Market Worth Expected to Hit USD 17.9 Billion by 2031: Report by Allied Market Research

Surge in the prevalence of genetic disorder, growing awareness for personalized medicine, and an increasing application of gene expression in drug discovery drive the global gene expression market. Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the global gene expression market share.


Portland, OR, March 13, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global gene expression market garnered $8.5 billion in 2021, and is estimated to generate $17.9 billion by 2031, manifesting a CAGR of 7.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

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Report coverage & details:

Report Coverage Details
Forecast Period 2022–2031
Base Year 2021
Market Size in 2021 $8.5 billion
Market Size in 2031 $17.9 billion
CAGR 7.7%
No. of Pages in Report 427
Segments covered product, application, end-user, and region
Drivers Surge in the prevalence of genetic disorder

Growing awareness for personalized medicine

An increasing application of gene expression in drug discovery
Opportunities Increased investments in R&D for the development of new technologies for tissue-specific or cell-specific gene expression analysis

Increase in the prevalence of chronic and genetic disease
Restraints High cost of instruments for gene expression

Lack of skilled professionals

Impact of Covid-19 on Gene Expression Market:

  • The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global gene expression market, owing to implementation of global lockdown which resulted to decrease the number of research and development activities.
  • The pandemic led to several travel restrictions, thereby resulting in a slowdown in the introduction of new products and technologies.

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The research provides detailed segmentation of the global gene expression market based on product, application, end-user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on product, the consumable segment held the highest share in 2021, accounting for more than half of the global gene expression market, and is expected to continue its leadership status during the forecast period. This segment is expected to register the highest CAGR of 8.0% from 2022 to 2031.

Based on application, the diagnostics segment accounted for the highest share in 2021, contributing to nearly three-fifths of the global gene expression market, and is expected to maintain its lead in terms of revenue during the forecast period. This segment is expected to manifest the highest CAGR of 8.1% from 2022 to 2031.

Based on end-user, the pharmaceutical and biotechnology companies segment accounted for the highest share in 2021, holding more than two-fifths of the global gene expression market, and is expected to continue its leadership status during the forecast period. This segment is estimated to grow at the highest CAGR of 8.2% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the global gene expression market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 9.1% during the forecast period.

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Leading market players of the global gene expression market analyzed in the research include Illumina Inc., PacBio, Oxford Nanopore Technologies, Agilent Technologies Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., Bio-Rad Laboratories, Inc., QIAGEN, F. Hoffmann-La Roche Ltd., Promega Corporation.

The report provides a detailed analysis of these key players of the global gene expression market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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