The major factors driving the growth of the gene expression analysis market include decreasing cost of sequencing, rising prevalence of cancer, growing application areas of genomics, and the availability of gene expression databases.
The report Gene
Expression Analysis Market is
expected to reach USD 4.9 billion by 2023 from USD 3.2 billion in 2018, at a
CAGR of 8.8%.
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Market
Segmentation:-
On the basis of products and services, the global Gene
Expression Analysis Industry has been segmented into consumables (reagents, DNA
chips), Instruments (PCR, NGS, Microarray, others), and services (gene
expression profiling services, bioinformatics solutions). The consumables
segment is estimated to command the largest share of the market in 2018 and is
also projected to register the highest CAGR.
Based on end user, the market has been segmented into
pharmaceutical and biotechnology companies, academic institutes and research
centers, and other end users. The pharmaceutical and biotechnology companies
segment is expected to command the largest share of 54.8% of the market in
2018.
Recent
Developments
- In January 2017, Biorad acquired of RainDance Technologies, a
droplet-based PCR systems manufacturer. RainDance Technologies has a more
focused portfolio, primarily known for its droplet-based technologies for
digital PCR (dPCR).
- In March 2016, Thermo Fisher Scientific completes acquisition of
Affymetrix, a leading provider of cellular and genetic analysis products.
Regional Analysis:-
Geographically, North America is expected to dominate the
global gene expression analysis market in 2018, while the Asia Pacific region
is expected to register the highest CAGR during the forecast period.
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Key Players:-
The major players operating in the Gene Expression
Analysis Industry include Illumina, Inc. (US), Thermo Fisher Scientific, Inc.
(US), and Bio-Rad Laboratories, Inc. (US) are the key players in the gene
expression analysis market.
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