Gene Expression Analysis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Emerging Economies Driving Growth; Kits & Reagents Dominate the Market
The global gene expression analysis market is on an upward trajectory, set to reach a value of US$ 4.71 billion by the year 2024.
Key Insights into Gene Expression Analysis Demand
• Kits & Reagents Lead the Market: Among the various types of products in the gene expression analysis market, kits and reagents hold the largest market share. Gene expression analysis involves the study of gene transcription patterns, providing insights into cellular processes. It can be conducted at multiple regulatory levels, including post-translational, translational, post-transcriptional, and transcriptional. Notably, Illumina's NovaSeq Series has gained recognition for its cost-effectiveness.
Latest Trends Driving the Market
• Emerging Economies Take the Lead: Emerging economies such as India, Brazil, China, and Qatar are expected to fuel the growth of the gene expression analysis market. Established players are forming collaborative agreements with organizations in these countries, exemplified by the partnership between KingMed Diagnostics and Illumina in China for developing next-generation sequencing-based oncology and hereditary disease diagnostics. India-based companies are also attracting global investments to offer advanced services. Singapore and Qatar are witnessing significant developments in personalized medicine and genomics, supported by initiatives like the Qatar National Research Fund's Pathway Towards Personalized Medicine.
Challenges Faced by the Gene Expression Analysis Market
• Financial Constraints and Skill Shortages: High initial investment requirements pose a challenge, particularly for developing economies considering gene expression analysis. Additionally, despite technological advancements, the interpretation of analysis in toxicogenomics, diagnostics, and pharmacogenomics relies on skilled professionals. A shortage of experts in genomics hampers progress. Efforts are needed to introduce immune-biotechnology training, including molecular biology, across the U.S., as suggested by Shoreline Community College.
Competitive Landscape
Leading players in life sciences and clinical diagnostics have been increasingly focusing on gene expression analysis. They are adopting organic and inorganic expansion strategies to maintain their competitiveness.
Key Companies Profiled
• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• General Electric Company
• Illumina, Inc.
• Luminex Corporation
• Oxford Gene Technology IP
• PerkinElmer, Inc.
• QIAGEN NV
• Roche Holding AG
• Thermo Fisher Scientific, Inc.
Key Segments Covered in Gene Expression Analysis Market
Gene Expression Analysis Market by Type of Product
• Kits & Reagents
• DNA Clips
• Others
Gene Expression Analysis Market by Capacity
• Low – to Mid-Plex
• High-Plex
Gene Expression Analysis Market by Application
• Drug Discovery & Development
• Clinical Diagnostics
• Biotechnology & Microbiology
• Others
Gene Expression Analysis by Technology
• Northern Blotting
• DNA Microarrays
• PCR techniques
• RNA-Seq
• Western Blotting
• 2-D Gel Electrophoresis
• Immunoassays
• Mass Spectrometry
• ChIP (Chromatin Immunoprecipitation)
• Others
Gene Expression Analysis Market by Region
• North America Gene Expression Analysis Market
• Latin America Gene Expression Analysis Market
• Europe Gene Expression Analysis Market
• Japan Gene Expression Analysis Market
• APEJ Gene Expression Analysis Market
• Middle East & Africa (MEA) Gene Expression Analysis Market
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