Global Gene Panel Market Analysis, Trends and Opportunities 2020-2026
Summary -
A new market
study, titled “Global Gene Panel Products
Market - Global Demand, Sales, Consumption and Forecasts to 2020-2026“ has been
featured on WiseGuyReports.
Global Gene Panel Market Research
Report—Forecast till 2025
Market Overview
The Global
Gene Panel Market is accounted to register a CAGR of 12.16% to exhibit USD
4,347.32 during the review period. Gene panel is a diagnosis analysis that
figures out multiple genes at once for cancer-associated variations in a body.
It includes a specific set of genes or gene regions that have known or
suspected associations with the disease or phenotype under research. The most
important advantage of genetic testing is the chance for a better understanding
of your risk for an inherited disease however the complexity of diagnosis is a
limitation of this test.
The global
gene panel market is expected to witness a substantial market lift during the
forecast period. The market is driven by the increase in different types of
cancer cases, counting cancer of the fallopian tubes, ovaries, breasts in
women, and prostate in men.
Market
Segmentation
The Global
Gene Panel Market has been categorized based on product & service,
Technique, Design, Application, and End User.
Based on
product & service, the global market has been classified into test kits and
testing services. By technique type, the global gene panel market has been
categorized into the amplicon-based approach and hybridization-based approach.
Based on the design segment, the market has been segmented into predesigned
gene panels and customized gene panels. The application category has been
further divided as cancer risk assessment, diagnosis of congenital disorders
and pharmacogenetics. The global gene panel market by the end-user segment has
been divided into diagnostic laboratories, hospitals, diagnostic laboratories,
and others.
Regional
Analysis
The
regional market of Global Gene Panel has been spanned across the Americas,
Europe, Asia-Pacific, and the Middle East & Africa. The Americas are likely
to lead the global gene panel market. The increasing incidences of cancer
occurrence are the factor driving regional growth. The US has been accounted
for substantial market growth during the review period. in 2017, about
1,688,780 new cases were registered in the US.
Europe is
estimated as the second-largest market contributor followed by Asia-Pacific
according to MRFR analysis. The regional market is attributed to increasing
cases of cancer, including improved efficiency of gene panels.
The global
gene panel market in Asia-Pacific is anticipated to record a substantial growth
rate during the forecast period. The major factors driving the regional market
growth are rising healthcare expenditure and increasing a large patient pool.
The Middle
East & Africa is an emerging region in the global gene panel market owing
to growing healthcare expenditure, increasing investments by major market
players, and growing patient pool in the region.
Major
Players
The Key
Players in the Global Gene Panel Market are Agilent Technologies Inc. (US),
Thermo Fisher Scientific (US), F. Hoffmann-La Roche Ltd (Switzerland), Qiagen
(Germany), Illumina Inc. (US), BGI Genomics (China), Integrated DNA
Technologies, Inc. (US), GENEWIZ (US), Novogene Corporation (US), Personalis,
Inc. (US), GATC Biotech AG (Germany), ArcherDX, Inc. (US), GeneDx
(Switzerland), and CENTOGENE AG (Germany).
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