123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Health >> View Article

Gene Panel Market Is Expected To Reach Usd 2.95 Billion By 2023the Global Gene Panels Market Is Expected To Reach Usd 2.95 Billion By 2023 From Usd 1

Profile Picture
By Author: Markets and Markets
Total Articles: 125
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The global gene panels market is expected to reach USD 2.95 Billion by 2023 from USD 1.22 Billion in 2018, at a CAGR of 19.2%. The growth of this market is mainly driven by factors such as the increasing prevalence of chronic diseases, growing company initiatives, and growing adoption of gene panels owing to their benefits such as cost-efficiency and simplified the workflow.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101282859

North America is expected to dominate the gene panels market in 2018

In 2018, North America is expected to hold the largest share of the gene panels market followed by Europe. The large share of this geographical segment is primarily attributed to the growing research on cancer and inherited rare diseases and the increasing number of NGS-based & clinical applications in the region. Other growth factors include government support for genomics research and the presence of leading NGS providers in this region.

The gene panels market is fragmented, with the presence of several large as well as emerging players. Prominent players in the gene ...
... panels market include Illumina, Inc. (US), BGI (China), Agilent Technologies (US), Eurofins Scientific (US), QIAGEN (Germany), GENEWIZ, Inc. (US), Novogene Corporation (China), Personalis (US), Thermo Fisher Scientific (US), F. Hoffmann-La Roche AG (Switzerland), Integrated DNA Technologies (IDT) (US), GATC Biotech AG (GATC Biotech) (Germany), and ArcherDx (US). Players in this market are adopting various organic and inorganic strategies, such as product launches & upgradations, agreements, partnerships, joint ventures, collaborations, and acquisition to widen their product portfolios and expand their presence in the market.

Based on technique, the amplicon-based approach segment is expected to dominate the market in 2018

Based on technique, the gene panels market is segmented into the amplicon-based approach and the hybridization-based approach. The amplicon-based approach segment is expected to dominate the market in 2018. This segment is also expected to register the highest growth rate during the forecast period due to the advantages associated with this approach, such as its rapidity, cost-efficiency, and low sample requirement.

The research and academic institutes segment is projected to grow at the highest CAGR during the forecast period.

Based on end user, the market is segmented into research & academic institutes, hospital & diagnostic laboratories, and pharmaceutical & biotechnology companies. The research and academic institutes segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing government funding programs across the globe and the focus of market players on providing efficient gene panels.

Total Views: 361Word Count: 404See All articles From Author

Add Comment

Health Articles

1. Himalayan Pink Salt Bricks: The Secret To Stress-free Living
Author: Pink salt wall

2. Dry Mouth Troubles? Here’s How To Fix It
Author: Gentle and caring Dentistry

3. Cpt Vs Hcpcs: What’s The Difference In Medical Billing?
Author: Charlie Robinson

4. Is Wisdom Teeth Removal Really Necessary?
Author: Pat

5. Top Things To Know About An Abortion Clinic In Thane
Author: tharwomen

6. Wo Kann Ich Hilfe Bekommen, Wenn Ich In Berlin Einen Notfall Mit Meinem Kind Habe?
Author: Adlerconway

7. Preventing Kidney Stones After Surgery – Expert Advice
Author: seo expert

8. Complete Guide To Managing And Preventing Migraines
Author: Sofia Johnson

9. What Is Acl Repair? Everything You Need To Know
Author: seo expert

10. Best Laser Hair Removal Options For Different Skin Tones
Author: seo expert

11. How To Get Ready For Your Dental Implant Surgery
Author: seo expert

12. What Are Popcorn Buds? A Complete Guide For Cannabis Enthusiasts
Author: Jacob william

13. Clear Aligners In Dallas
Author: Royal Lane Dental Center

14. Is Recovery From A Tummy Tuck Painful?
Author: NV Aesthetics And Dental Hub

15. Advanced Hair Loss Treatment In Chennai For Healthy Regrowth
Author: Ellie Williams

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: