New York, NY, April 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Gene Expression Analysis Market By Product and Services (Consumables, Instruments, and Services) and By End-User (Pharmaceutical & Biotech Companies, Academic Institutes & Research Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global gene expression analysis market was valued at around USD 3,200 million in 2018 and is expected to reach approximately USD 5,693 million by 2025, at a CAGR of around 8.56% between 2019 and 2025.
Gene expression is the method to extract information from a genetic material that can be exploited for the assembly of a functional gene product. With the help of gene expression, the genetic code on a DNA can be studied. The physiognomies of the expression can determine the phenotype of a bacterium. This analysis is also useful for categorization of various diseases, which could be lead to an extensive variety of applications, such as biomarkers, diagnostics, pharmacogenomics, and toxicology.
Browse through 35 Tables & 16 Figures spread over 110 Pages and in-depth TOC on “Global Gene Expression Analysis Market: Applications, Size, Share, Growth, Segments, Analysis and Forecast, 2018–2025”.
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The major factors contributing to the progress of the global gene expression analysis market are increasing number of cancer patients, upsurge in funding, decreasing expenses of sequencing, strong focus on research and development, and rising preference for bespoke medicines. However, the enormous cost of significant gene expression analysis tools may hamper the growth of the global gene expression analysis market in the future. Nonetheless, the emerging markets are likely to offer new growth avenues to the major players of the gene expression analysis market in the upcoming years.
The gene expression analysis market is divided on the basis of product and service and end-user. Based on product and service, the global gene expression analysis market is categorized into consumables, instruments, and services. Consumables include reagents and DNA chips. The instruments segment includes PCR, NGS, DNA microarray, and others. The services segment includes gene expression profiling services and bioinformatics solutions. The consumables segment is anticipated to attain the largest market share in the future, due to the declining sequencing prices leading to the augmented acceptance of sequencing and other gene expression analysis methods. The increasing installation of PCR and NGS instruments globally is also considerably propelling the demand for consumables.
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Based on end-user, the market is classified into academic institutes and research centers, pharmaceutical, and biotech companies, and others. Pharmaceutical and biotech companies are estimated to be the leading segment in the global market over the forecast time period, as these companies conduct products and services analysis to attain their scientific research aims like biotech research, drug discovery, and development.
By region, North America is projected to lead the global gene expression analysis market in the future. This growth is attributed to the vastly established infrastructure, huge expenditure, and growing research and development activities in this region. Moreover, the presence of globally leading players across this region is further boosting this regional market’s growth. For instance, GE Healthcare generated revenue worth USD 19.1 Billion in the year 2017.
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The Asia Pacific gene expression analysis market is anticipated to attain the highest CAGR over the years to come, owing to the growing number of western partnerships to expand the region’s healthcare sector, government attention on cancer and additional life science research, internal manufacturing of the sequencing systems, huge R&D investments, and thriving bioresearch centers. Furthermore, the growing number of research activities in agriculture, rising approval of gene expression tests, and growing governmental support to augment healthcare are also contributing to the growth of this regional market.
Europe is also likely to show notable market growth in the upcoming years, owing to the various government initiatives in research and development related to gene expression analysis. Europe also has global leading market players like F. Hoffmann-La Roche Ltd. For instance, in February 2018, F. Hoffmann-La Roche announced that the U.S. Food and Drug Administration (FDA) has sanctioned its multiplex Factor V and Factor II assessment for the use on Cobas 4800 systems, which accomplishes real-time PCR analysis for mid- to high-volume labs.
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The Middle East and Africa and Latin America are expected to witness a lethargic growth over the forecast time period in the future, owing to deprived healthcare amenities and low fund investments related to research and development activities.
Some key players of the global gene expression analysis market are Thermo Fisher Scientific, Inc., Roche, GE Healthcare, Bio-Rad Laboratories, Life Technologies, Affymetrix, QIAGEN N.V., Illumina, Inc., Oxford Gene Technology, Agilent Technologies, PerkinElmer, and Luminex Corporation.
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This report segments the global gene expression analysis market as follows:
Gene Expression Analysis Market: Product and Service Analysis
- Consumables
- Reagents
- DNA Chips
- Instruments
- PCR
- NGS
- DNA Microarray
- Others
- Services
- Gene Expression Profiling Services
- Bioinformatics Solutions
Gene Expression Analysis Market: End-User Analysis
- Pharmaceutical and Biotech companies
- Academic Institutes and Research Centers
- Others
Gene Expression Analysis Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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