Global Gene Expression Analysis Market is expected to reach US $ 8.76 BN By Forecast year 2028
The market report “Gene Expression Analysis Market by Capacities (Low- to Mid- Plex and High-Plex), Processes (Complementary Deoxyribonucleic Acid (cDNA) Synthesis & Conversion, Data Analysis & Interpretation, Purification and Sample Collection), Services (Gene Expression Profiling and Bioinformatics Solutions), Technologies (Ribonucleic Acid (RNA) Expression, Promoter Analysis, Protein Expression & Posttranslational Modification Analysis and Sanger Sequencing), Products (Consumables, Instruments, and Other Products), End Users (Academic Institutes and Research Centers, Biotechnology & Microbiology, Contract Research Organization, Diagnostics/Clinical Diagnostics, Drug Discovery & Development and Pharmaceutical and Biotech Companies), Sales Channels (Direct Sales and Distributor) and Region – Forecast to 2028”. The gene expression analysis market is growing at a CAGR of 10.8% by 2028, owing to the growing application areas of genomics.
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Based on process, the complementary deoxyribonucleic acid (cDNA) synthesis & conversion segment is anticipated to grow faster during the forecast period.
On the basis of process, the market is segmented into complementary deoxyribonucleic acid (cDNA) synthesis & conversion, data analysis & interpretation, purification and sample collection. Complementary Deoxyribonucleic Acid (cDNA) Synthesis & Conversion segment is projected to grow faster during the forecast period due to the availability of wide range of cDNA kits to match the specific research needs. Moreover, the increase in product launches of cDNA synthesis and library preparation kits is likely to fuel the segment growth.
Based on end user, the pharmaceutical and biotech companies segment is estimated to be the largest contributor to the market during the study period.
On the basis of end user, the market is categorised into academic institutes and research centers, biotechnology & microbiology, contract research organization, diagnostics/clinical diagnostics, drug discovery & development and pharmaceutical and biotech companies. Pharmaceutical and biotech companies segment is estimated to be the largest contributor to the market during the study period as most of them use gene expression analysis products and services in order to achieve their clinical research goals.
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By geography, Asia Pacific is growing at a faster pace
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is expected to grow faster in the forecast period. This is mainly attributed to the rapid expansion of pharmaceutical companies in the region and also the rise in expenditure towards healthcare in countries like India and China.
The key players in this market are Thermo Fisher Scientific, Qiagen, Illumina, Bio-Rad Laboratories, F. Hoffmann-La Roche, Agilent Technologies, Affymetrix, GE Healthcare, Perkinelmer, Oxford Gene Technology, Luminex, Microarrays, Partek, Zyagen and Tecan.
The Global Gene Expression Analysis Market is majorly driven rising prevalence of cancer, growing application areas of genomics, and the availability of gene expression databases. The pharmaceutical and biotech companies segment is growing at a highest CAGR owing to focus on developing targeted therapies, especially for the treatment of cancer, complex diseases, and rare genetic disorders. North America dominated with a significant market share due to the presence of a significant number of key players, such as Thermo Fisher Scientific, in the region. Asia Pacific market is growing at a highest CAGR owing to the rising interest of dominant players in emerging markets, such as China and India.
Capacities Covered:
• Low- to Mid- Plex
• High-Plex
Processes Covered:
• Complementary Deoxyribonucleic Acid (cDNA) Synthesis & Conversion
• Data Analysis & Interpretation
• Purification
• Sample Collection
Services Covered:
• Gene Expression Profiling
• Bioinformatics Solutions
Technologies Covered:
• Ribonucleic Acid (RNA) Expression
• Promoter Analysis
• Protein Expression & Posttranslational Modification Analysis
• Sanger Sequencing
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