Gene Panel Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors
According to Markntel Advisors Report, Gene Panel Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
A gene panel is a set of multiple genes defined to
analyze the mutations or variations associated with a specific disease or
condition. This type of testing can help determine an individual's risk for
developing certain conditions and follow the most effective treatment decisions
as soon as possible.
Global Gene Panel Market Research
Report & Summary:
The Global Gene Panel Market size was valued at around USD 3.1
billion in 2023 & is estimated to grow at a CAGR of
around 14.2% during the forecast period, i.e., 2024-30.
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Gene
Panel Market?
The top
companies of the Gene Panel Market ruling the industry are:
Illumina, Inc., Thermo
Fisher Scientific Inc., Agilent Technologies, Qiagen Inc., Eurofins Scientific
Se, BGI, F. Hoffmann-La Roche AG, Integrated DNA Technologies Inc., Genewiz,
Inc., Novogene Corporation, Personalis, Inc., Gatc Biotech AG, Archerdx,
Genedx, Centogene AG, and others
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Gene
Panel Industry Recent Development:
·
2024: Thermo Fisher on the Rise of Next-Generation Sequencing CDx, i.e.,
NGS-based in vitro diagnosing focusing on traditional Sanger sequencing and the
polymerase chain reaction (PCR) methods.
What is Included in Gene Panel Market
Segmentation?
The Gene Panel Market explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Product & Service
-Test Kits- Market Size & Forecast 2019-2030, USD Million
-Testing Services- Market Size & Forecast 2019-2030, USD Million
-By Technique
-Amplicon Based Approach- Market Size & Forecast 2019-2030, USD
Million
-Hybridization Based Approach- Market Size & Forecast 2019-2030, USD
Million
-By Design
-Predesigned Gene Panel- Market Size & Forecast 2019-2030, USD
Million
-Customized Gene Panel- Market Size & Forecast 2019-2030, USD
Million
-By Application
-Cancer Risk Assessment- Market Size & Forecast 2019-2030, USD
Million
-Diagnosis of Congenital Diseases- Market Size & Forecast 2019-2030,
USD Million
-Pharmacogenetics- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
-By End User
-Academic & Research Institutes- Market Size & Forecast
2019-2030, USD Million
-Hospital & Diagnostic Laboratories- Market Size & Forecast
2019-2030, USD Million
-Pharmaceutical & Biotechnology Companies- Market Size &
Forecast 2019-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Gene
Panel Market:
Increasing incidences of
Cancer & Genetic Disorders – The increase in the number of cancer and other
genetic disorders are the key drivers of the Gene Panel Market.
For instance,
·
As per Global Cancer Statistics 2024, an
estimated 20 million cancer cases were newly diagnosed in 2022 and 9.7 million
people died from the disease worldwide. By 2050, the number of cancer cases is
predicted to reach around 35 million.
An
increase in such cases drives the demand for genetic tests that can identify
specific mutations and guide some targeted treatment or therapy. Additionally,
an increase in awareness against genetic disorders fuels the need for gene panels
for early diagnosis and management if found some symptoms. Multi-genes panels
focus on a wide range of genetic conditions simultaneously hence finding the
disorder in no time. Moreover, as gene panels diagnose only a specific set of
genes instead of all genes inside the body, they save time as well as cost
hence increasing their demand and ultimately augmenting the revenue growth of
the gene panel industry globally.
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Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a substantial &
varied client base, including multinational corporations, financial
institutions, governments, and individuals, among others.
We have our existence across the market for
many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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