Gene Expression Market Current And Future Development 2023-2029
Added: (Fri Oct 20 2023)
Pressbox (Press Release) -
Pune 20 Oct 2023: Gene Expression Market size was valued at USD 3.2 Bn. in 2022 and the total Gene Expression revenue is expected to grow at a CAGR of 8.7 % from 2023 to 2029, reaching nearly USD 4.9 Bn.
Gene Expression Market Report Scope and Research Methodology
Gene expression is a crucial molecular method that translates DNA information into proteins, playing a central role in various scientific applications. Gene expression technology allows scientists to delve into individual genes at a molecular level, covering a spectrum from whole-genome analysis with microarrays to specific gene examination using techniques like qPCR. The gene expression market thrives on applications in drug development and life science research, serving as a primary driver for revenue growth. The COVID-19 pandemic further boosts the market, as understanding the role of genomes in SARS-CoV-2 infection is essential for developing therapeutic and preventive strategies.
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Gene Expression Market Dynamics
Gene transcription has become a focal point in drug discovery, with extensive research in recent years. Global governments, such as the USA investing significantly, with a notable 11.1% increase in healthcare R&D spending to USD 250 Bn in 2021. This financial backing emphasizes the importance of the gene expression industry. Transcriptional modulation emerges as a novel strategy for gene modification across various therapeutic sectors, offering potential substitutes for medical treatments through recombinant genes as therapy. The increased use of gene expression techniques for precise disease management is a key driver for market growth.
Advanced solutions dominate the gene expression market during the forecast period, exemplified by technologies like Luminex, capable of analyzing multiple samples simultaneously across various parameters. Business activities in the gene expression market are on the rise, further propelling market growth by 2029. The integration of systems biology techniques and machine learning analyses further enhances the capabilities and prospects of the gene expression market.
Gene Expression Market Regional Insights:
The Asia-Pacific region is poised for the highest growth rate in the forecast period, fueled by the introduction of policies aimed at attracting foreign investment to developing regions. Major key players show increased interest in entering untapped markets, and the presence of central government incubation centers further encourages new research startups. Examples include BIRAC and BIG, significant incubation centers of CSIR in India, actively supporting research startups. With these developments, the market in the region is anticipated to experience substantial growth in the foreseeable future.
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Gene Expression Market Segmentation
by Consumables
Reagents
DNA chips
by Technology
Polymerase Chain Reaction (PCR)
Next-generation sequencing (NGS)
Microarray
by Service
Gene Expression Profiling
Bioinformatics Solutions
by Application
Research and Development
Drug Discovery
Clinical Diagnosis
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Gene Expression Key Competitors include
1. QIAGEN
2. Quest Diagnostics, Inc.
3. F. Hoffmann-La Roche Ltd.
4. Illumina, Inc.
5. PerkinElmer, Inc.
6. Bio-Rad Laboratories
7. Thermo Fisher Scientific, Inc.
8. Agilent Technologies
9. GE Healthcare
10. Promega Corp.
11. Luminex Corp.
12. Takara Bio, Inc.
13. Danaher Corp.
14. ELITechGroup
15. AutoGenomics
16. Biocartis NV
17. IntegraGen
18. Interpace Biosciences, Inc.
19. Fluidigm Corp.
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