Gene Expression Market Size Estimated to Reach $15.9 Billion by 2026

July 29 14:36 2021
Gene Expression Market Size Estimated to Reach $15.9 Billion by 2026

Gene Expression Market
Growing Demand for Polymerase Chain Reaction (PCR) and Next Generation Sequencing (NGS) Technologies Are the Factors That Are Set to Drive the Growth of the Gene Expression Market

Gene Expression Market size is estimated to reach $15.9 billion by 2026, growing at a CAGR of 9.9% during the forecast period 2021-2026. Gene Expression is a process by which the information encoded in a gene is used to direct protein synthesis. In this process, the instructions in deoxyribonucleic acid (DNA) are converted into a functional product. When genes are expressed, the genetic information on DNA is first copied to a molecule of messenger ribonucleic acid (mRNA). The ability to perform analysis of gene expression has become increasingly important for animal biotechnology and other life sciences. Increase in the demand for personalized medicine, growing demand for gene expression in clinical diagnostics, rise in the adoption of gene expression in drug discovery and development, and growing demand for polymerase chain reaction (PCR) and next generation sequencing (NGS) technologies are the factors that are set to drive the growth of the Gene Expression Market for the period 2021-2026.

Gene Expression Market Segment Analysis-By Product Type

The Gene Expression Market based on the Product Type can be further segmented into the Kits and Reagents, DNA Chip/Microarray, and Others. The Kits and Reagents segment held the largest share in 2020 owing to the factors such as the presence of a large number of companies offering various types of kits and reagents for gene expression and the growing introduction of advanced products designed for specific applications. The ability to provide a complete line of reagents for RT-PCR analysis directly from cultured cells without Ribonucleic acid (RNA) purification is driving the growth of the Gene Expression Market. The DNA Chip/Microarray segment is estimated to be the fastest growing segment with a CAGR of % over the period 2021-2026. This growth is owing to the factors such as increase in the utilization of DNA microarrays for analysis of gene expression and growing applications of advanced DNA Chip/Microarray in diagnostics, biomedicine, and other biotechnology fields.

Gene Expression Market Segment Analysis-By Application

The Gene Expression Market based on the Application can be further segmented into Drug Discovery and Development, Clinical Diagnostics, Biotechnology and Microbiology, and Others. The Drug Discovery and Development segment held the largest share in 2020 owing to the factors such as rise in the analysis of gene expression profiles of various receptors for drug discovery, increase in the demand for personalized medicine, and growing demand for gene expression to determine the toxicity of drug candidates. The role of gene expression in the selection of potential drug targets and patient selection is driving the growth of the Gene Expression Market. The Clinical Diagnostics segment is estimated to be the fastest growing segment with a CAGR of % over the period 2021-2026. This growth is owing to the factors such as the increase in the demand for accurate diagnostic tests for complex disorders and the growing adoption of gene expression for the diagnosis of both malignant and non-malignant diseases.

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Gene Expression Market Segment Analysis-By Geography

North America held the largest share with % of the overall market in 2020. The growth in this segment is owing to the factors such as rise in the demand for personalized medicine, growing demand for polymerase chain reaction and next generation sequencing technologies, and the development of technologically advanced solutions. The increase in the adoption of gene expression in drug discovery and development is driving the growth of the Gene Expression Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as growing demand for gene expression in clinical diagnostics and rise in the research and development activities to launch innovative products.

Gene Expression Market Drivers

Rise in the Demand for Personalized Medicine

Gene expression has been at the forefront of advances in personalized medicine, particularly in the field of cancer and transplantation, providing a rational for a similar approach in rheumatoid arthritis. Genomic expression approaches such as the identification of DNA sequence variations, transcriptomics, and metabolomics are useful for precise disease management and also bridges epigenetics and personalized medicine, which is one of the major factors that is driving the growth of the Gene Expression Market.

Increase in the Adoption of Gene Expression in Drug Discovery and Development

Large number of computational drug discovery start-ups and academic research have shifted to gene expression owing to the recognition of the availability of gene expression data in public databases. The key players are characterizing diseases more broadly by measuring gene expression patterns and examining changes to those patterns in diseased cells and tissues to improve drug development success rates, which is further propelling the growth of the Gene Expression Market.

Gene Expression Market Challenges

Lack of Trained Professionals

Gene expression data can be used for various applications, such as pharmacogenomics and toxicogenomics. Owing to the high complexity and the in-depth knowledge involved in the field of genomics, it is necessary to have professionals in the field of genomics to interpret the results of gene expression data. However, the lack of trained professionals is one of the major factors that is estimated to reduce the growth of the Gene Expression Market.

Gene Expression Market Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Gene Expression Market. Key companies of this market are Quest Diagnostics Incorporated, QIAGEN, Illumina Inc, F. Hoffmann-La Roche Ltd, Novogene Corporation, Bio-Rad Laboratories Inc, PerkinElmer Inc, Thermo Fisher Scientific Inc, GE Healthcare, and Agilent Technologies among others.

Acquisitions/Product Launches:

In March 2021, Novogene Corporation has expanded its business by opening its new single-cell sequencing lab in Singapore to provide a complete end-to-end solution of the single-cell gene expression services including single-cell experimental design, sequencing, and data analysis.

In March 2020, Bio-Rad Laboratories has launched the Reliance Select cDNA Synthesis Kit to help researchers efficiently convert RNA to DNA by reverse transcription, which is the crucial first step in the study of gene expression applications in molecular biology.
In November 2019, QIAGEN has Launched Novel NGS Workflow for Simultaneous DNA and RNA Analysis for use in Cancer Profiling and to extract and sequence DNA variants and RNA fusions and assess the expression in a single flow from a single sample within a single day.

Key Takeaways

Geographically, North American Gene Expression Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing demand for polymerase chain reaction and next generation sequencing technologies.

The role of gene expression in the selection of potential drug targets and patient selection is driving the Drug Discovery & Development segment.

The lack of trained professionals to interpret the results of gene expression data is one of the major factors that is said to reduce the growth of the Gene Expression Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Gene Expression Market report.

Related Reports :

A. DNA And Gene Chip Market

https://www.industryarc.com/Research/DNA-And-Gene-Chip-Market-Research-503979

B. Genomics Market

https://www.industryarc.com/Report/1275/genomics-market-analysis-and-forecast-report.html

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