Gene Expression Market to Reach USD 11.37 Billion by 2026 | Reports and Data

NEW YORK, Oct. 14, 2019 /PRNewswire/ -- According to the current analysis of Reports and Data, the Global Gene Expression market is expected to reach USD 11.37 billion by the year 2026, in terms of value at a CAGR of 8.1% from 2019-2026. Gene expression promises to tap into a previously unexplored segment in the vast and burgeoning genetic engineering industry. Gene expression is the process by which the genetic code - the nucleotide sequence - of a gene is used to direct protein synthesis and produce the structures of a cell. It is the process by which instructions in the DNA are converted into a functional product like protein. The commercial applications of gene expression have been studied and researched upon extensively in recent years. Many diverse and wide ranging applications have been found for this novel technique. With the increased availability and lowering costs of DNA technologies, gene expression has become a more readily used tool indispensable in drug discovery and development.

https://mma.prnewswire.com/media/1009077/Reports_And_Data_Logo.jpg

Increase in investments in the market, which are supporting the technological advancements, and rise in healthcare expenditure are estimated to shape the growth of the gene expression market. Drug discovery & development and increase in demand for personalized medicine in chronic diseases such as cancer will be observed as the most lucrative applications for gene expression analysis in the forecast period. Application of gene expression in clinical diagnostics, on the other hand, will reflect a moderate growth throughout the analysis period. Moreover, the falling costs of sequencing have facilitated the integration of genomic sequencing into medicine. With the increased availability and lowering costs of DNA technologies, gene expression has become a more readily used tool indispensable in drug discovery and development. Many companies and educational institutions are collaborating to make gene expression publicly accessible through databases such as the Connectivity Map (CMap), Library of Integrated Network-based Cellular Signatures (LINCS) and the Tox 21 project.

New product development has been the consistent strategy undertaken by majority of the players to expand their product portfolio for serving a larger consumer base. For example, in September 2019, Qiagen N.V., launched the newly enhanced GeneGlobe Design & Analysis Hub, which integrates the company's manually curated knowledge base on over 10,000 biological entities with the industry's most comprehensive portfolio of tools for next-generation sequencing (NGS), polymerase chain reaction (PCR) and functional analysis. Other companies like Thermo Fisher Scientific and Illumina Inc. have launched new products in the last few months which are being used in the gene expression market.

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1474

Further key findings from the report suggest

    --  The industry is highest growing in the Asia-Pacific region with a CAGR
        of 11.3% from 2019-2026, due to rapid economic developments, and the
        demand for better health care solutions. China has invested heavily in
        recombinant DNA technology and genetic engineering in recent years,
        which has positively impacted market potential for the Gene Expression
        industry. Increasing government focus on cancer research is also
        expected to drive growth in this region
    --  Under the Product and Services segment, Consumables is expected to hold
        a majority of market share until 2026, likewise, the Equipment
        sub-segment is also expected to provide significant opportunities for
        players who would want to tap into this industry. Polymerase Chain
        Reaction (PCR), Next Generation Sequencing (NGS) and DNA Micro arrays
        are some of the novel techniques used within Equipment segment, which
        are driving the growth of the Product and Services segment.
    --  Rise in demand for precision medicine, the complex prevalence of
        inherited disorders, and rapid advances in biotechnology, coupled with
        improved focus on advanced healthcare framework and adoption of advanced
        technology in modern diagnostics and drug development is expected to
        drive the Services segment during the forecast period with a CAGR of
        11.7%
    --  By Applications, the market is segmented into diagnostic, drug discovery
        and research. Drug discover held the greatest market share of 43% in
        2018, chiefly on account of innovations in cancer prevention drugs and
        developing drugs for rare inherited disorders. The ongoing research into
        personalized medicines is also expected to have a significant impact on
        market growth during the forecast period
    --  By capacity, the market is segmented into low- to mid-plex and high-plex
        gene expression. The low- to mid-plex sector was valued at USD 4.38
        billion in 2018 and is expected to grow fastest during the forecast
        period. Developments in genetic engineering and stem cell therapy have
        laid the development of low- and mid-plex techniques
    --  North America occupied the greatest share of the market at 42.5% during
        the year 2018. Factors such as the rise of gene therapy, focus on gene
        expression studies, government initiatives, and the availability of
        funding for NGS research are driving the growth of the industry in North
        America
    --  Key players in the industry include Agilent Technologies, Qiagen N.V.,
        Thermo Fisher Scientific, Inc., and Illumina, Inc. amongst others

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/gene-expression-market

Segments covered in the report:

For the purpose of the study, this Reports and Data has segmented the Gene Expression Market on the basis of product type, platform type, prescription mode, end user and the regional outlook

Product and Services (Revenue, USD Million; 2016-2026)

    --  Equipment
        --  Polymerase chain reaction (PCR)
        --  Next-generation sequencing (NGS)
        --  DNA Microarray
    --  Consumables
        --  DNA Chips
        --  Reagents
    --  Services
        --  Gene expression profiling services
    --  Bioinformatics Solutions

Capacity (Revenue, USD Million; 2016-2026)

    --  Low- to Mid- Plex Gene Expression
    --  High-Plex Gene Expression

Application (Revenue, USD Million; 2016-2026)

    --  Diagnostic
    --  Drug Discovery
    --  Research

Order Now: https://www.reportsanddata.com/checkout-form/1474

Regional Outlook: (Revenue, USD Million; 2016-2026)

    --  North America
        --  U.S.
        --  Canada
    --  Europe
        --  Germany
        --  France
        --  UK
        --  Spain
        --  Italy
        --  Rest of the Europe
    --  Asia Pacific
        --  China
        --  India
        --  Japan
        --  Rest of Asia-Pacific
    --  Middle East & Africa
        --  Latin America
    --  Brazil

Browse more similar reports on Biotechnology category by Reports And Data

    --  DNA and Gene Chip Market -
        https://www.reportsanddata.com/report-detail/dna-and-gene-chip-market
    --  Cancer Stem Cell Therapeutics Market -
        https://www.reportsanddata.com/report-detail/cancer-stem-cell-therapeuti
        cs-market
    --  Bioinformatics Services Market -
        https://www.reportsanddata.com/report-detail/bioinformatics-services-mar
        ket

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

View original content:http://www.prnewswire.com/news-releases/gene-expression-market-to-reach-usd-11-37-billion-by-2026--reports-and-data-300937775.html

SOURCE Reports And Data