Overview and Scope
Gene expression refers to the process by which the information encoded from a gene is used in the production of a functional product, such as a protein. They are used for directing the assembly of a protein molecule and proteins dictate the cell function.
Sizing and Forecast
The gene expression market size has grown rapidly in recent years. It will grow from $10.54 billion in 2023 to $11.68 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing focus on precision medicine, rise in cancer research and biomarker discovery, application in disease diagnosis and prognosis, integration with systems biology approaches, drug discovery and development needs..
The gene expression market size is expected to see rapid growth in the next few years. It will grow to $18.07 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to emergence of spatial transcriptomics, rise in epigenomic studies, global health events and pandemic preparedness, focus on non-coding rna exploration, increased utilization in immunotherapy research.. Major trends in the forecast period include single-cell rna sequencing , advancements in next-generation sequencing , integration of multi-omics data, advancements in gene editing technologies, liquid biopsy development, spatial omics in drug discovery..
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Segmentation & Regional Insights
The gene expression market covered in this report is segmented –
1) By Product: Kits And Reagents, DNA Chip Or Microarray, Other Products
2) By Process: Sample Collection, Purification, cDNA Synthesis And Conversion, PCR Analysis, Data Analysis And Interpretation
3) By Technique: RNA Exp, Promoter Analysis, Protein Exp. And Posttranslational Modification Analysis
4) By Application: Drug Discovery And Development, Clinical Diagnostics, Biotechnology And Microbiology, Other Applications
Top 5 Major Players:
- Thermo Fisher Scientific Inc.,
- Qiagen NV,
- Illumina Inc.,
- Bio-Rad Laboratories Inc.,
- Agilent Technologies Inc.
North America was the largest region in the gene expression market in 2023. Asia-Pacific is expected to be the fastest-growing region in the gene expression market in the forecast period. The regions covered in the gene expression market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased focus on precision medicine is expected to propel the growth of the gene expression market going forward. Precision medicine uses information about an individual’s genes or proteins to diagnose, prevent or treat disease. Gene expression is adopted in precision medicine to identify abnormalities in normal function and physiologic regulation of an individual by measuring and comparing the genes and transcripts in tissues with different medical conditions, which helps to provide patient-centric treatment. For instance, in 2021, according to Personalized Medicine Coalition, a US-based professional membership organization representing innovators, scientists, patients, providers, and payers, promotes the understanding and adoption of precision medicines, precision medicines accounted for more than 25% of FDA approvals in the last seven years, and a further 35% of medicine approved in 2021 were precision medicines. Therefore, the increased focus on precision medicine is driving the gene expression market.
Key Industry Players
Major companies operating in the gene expression market are focused on developing innovative products, such as gene detection assays, to gain a competitive advantage and increase revenue. A gene detection assay in gene expression pertains to a method for identifying and quantifying the presence of genetic molecules, providing insights into the activity and abundance of specific genes. For instance, in January 2023, Bio-Techne Corporation, a US-based biotech company specializing in research instruments, expanded its Advanced Cell Diagnostics (ACD)-branded RNAscope in situ hybridization (ISH) portfolio by introducing the RNAscope Plus smRNA-RNA detection assay. This new assay allows for the simultaneous fluorescent detection of a small regulatory RNA along with three target RNAs or RNA biomarkers in a single tissue section, offering single-cell and subcellular resolution. Designed to accommodate large studies, the assay is compatible with the Leica Bond Rx platform and is available as a manual assay for convenient use. These therapeutic nucleic acids have the potential to modulate the expression and functionality of specific target genes, facilitating the creation of customized treatments for inherited or acquired diseases that have proven to be resistant to conventional therapies.
The gene expression market report table of contents includes:
1. Executive Summary
2. Gene Expression Market Characteristics
3. Gene Expression Market Trends And Strategies
4. Gene Expression Market – Macro Economic Scenario
5. Global Gene Expression Market Size and Growth
….
31. Global Gene Expression Market Competitive Benchmarking
32. Global Gene Expression Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Gene Expression Market
34. Gene Expression Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Gene Expression Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Gene Expression Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Gene Expression Market, Segmentation By Technique, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: Thermo Fisher Scientific Inc. Financial Performance
Table 76: Qiagen NV Financial Performance
Table 77: Illumina Inc. Financial Performance
Table 78: Bio-Rad Laboratories Inc. Financial Performance
Table 79: Agilent Technologies Inc. Financial Performance
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