A Quick Overview of Gene Panel Market
The key object of this report on the Gene Panel Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Gene Panel Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Gene Panel Market Scenario:
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. This market is expected to see significant revenue growth driven by an increase in cases of cancer and genetic diseases. Gene panels that test for various gene variations at once for a specific disease are becoming essential for precise medicines. The increase in the number of cancer cases which show 20 million cases diagnosed globally in 2022, depicts the emerging need for Gene Panels for targeted and personalized treatment.
Gene Panel Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver - 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.
Gene Panel Market Segmentation Analysis:
Gene Panel Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
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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Who are the Key Market Players in the Gene Panel Market?
In the fast-changing Gene Panel Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Gene Panel market ruling the industry are:
List of Key Companies Profiled:
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Agilent Technologies
- Qiagen Inc.
- Eurofins Scientific Se
- BGI
- Hoffmann-La Roche AG
- Integrated DNA Technologies Inc.
- Genewiz, Inc.
- Novogene Corporation
- Personalis, Inc.
- Gatc Biotech AG
- Archerdx
- Genedx
- Centogene AG
- Others.
Global Gene Panel 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.
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