New York, NY, March 19, 2024 (GLOBE NEWSWIRE) -- Global gene expression analysis market size and share was valued at USD 3.73 billion in 2023 and is anticipated to generate an estimated revenue of USD 7.32 billion by 2032, with a CAGR of 7.8% from 2024 to 2032, according to Polaris Market Research.
Gene expression is a procedure our cells utilize to transform the directives in the DNA into a utilitarian product such as a protein. The DNA reserves the information our cells require to operate. It is assembled into compact sections known as genes, which accommodate directives for rendering a particular commodity, normally a protein. The rapidly rising demand for gene expression analysis market can be attributed to growing demand for customized medicine, development in the biotechnology and biopharmaceutical industries, and technological progression in genomics and proteomics.
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Gene Expression Analysis Market Players
- Agilent Technologies, Inc
- BGI
- Bio-Rad Laboratories, Inc.
- Eurofins Scientific
- F. Hoffmann-La Roche Ltd
- Illumina, Inc.
- LGC Biosearch Technologies
- Oxford Nanopore Technologies plc
- PacBio
- Promega Corporation
- QIAGEN
- Standard BioTools
- Thermo Fisher Scientific Inc.
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Gene Expression Analysis Market Details
| Report Attributes | Details |
| Market value in 2024 | USD 4.02 billion |
| Market value in 2032 | USD 7.32 billion |
| CAGR | 7.8% from 2024-2032 |
| Base year | 2023 |
| Historical data | 2019-2022 |
| Forecast period | 2024-2032 |
Key Takeaways from the Report:
- Growing demand for customized medicine, development in the biotechnology and biopharmaceutical industries, and technological progression in genomics and proteomics are driving the market.
- The market is also fueled by the increasing prevalence of cancer and other genetic disorders, which has led to a rising need for effective diagnostic tools.
- The gene expression analysis market segmentation is primarily based on product & service, application, end-user, and region.
- The North American region defeated the market with the largest market share in 2023.
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Market Dynamics
Growth Drivers:
- The biotechnology and biopharmaceutical industries have bestowed notably to the growth of the market. The gene expression analysis market size is expanding with the advancement of contemporary treatments and therapies. Because of this, there is a growing requirement for productive practices to inspect and comprehend gene expression motifs.
- The gene expression analysis market sales are soaring due to the recent progression in sequencing technologies has rendered it feasible to inspect genomic data at an extensive scale. This has additionally pushed the demand for gene expression analysis instruments and services.
Trends:
- The gene expression analysis market demand is anticipated to augment due to precision medicine. This involves customizing medical treatment to discrete patients dependent on their distinctive genetic makeup. Gene expression analysis plays a crucial role in this field as it permits the recognition of particular gene markers linked with particular illnesses or conditions.
Restraints:
- The price of next-generation sequencing platforms, which are broadly utilized for gene expression analysis, is costly for several researchers and establishments. Also, the price of reagents and consumables needed for library devising, sequencing, and data analysis is sizeable.
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Regional Analysis
North America: This region held the largest gene expression analysis market share due to its progressive technological framework, sizeable funding in research and development, and a prospering biotechnology sector. North America is the abode of a prospering ecology of biotech firms, academic establishments, and research institutes that diligently result in progression in gene expression analysis.
Asia Pacific: This region is poised for substantial growth due to its expanding interest in genomics research and customized medicines, which is encouraging escalated funding in biotechnology and life sciences. Speedy economic development, especially in countries such as India and China, has augmented the research framework.
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Polaris Market Research has segmented the gene expression analysis market report based on product & service, application, end user, and region:
By Product & Services Outlook
- Reagents & Consumables
- Assays & kits
- Enzymes
- DNA chips
- Others
- Instruments
- PCR
- NGS
- DNA Microarrays
- Others
- Service
- Gene Expression Analysis
- RNA Sequencing Services
- Other Services
- Bioinformatics Solutions
By Application Outlook
- Drug Discovery & Development
- Clinical Diagnostics
- Others
By End User Outlook
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea, Australia)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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