The global gene expression analysis market is expected to exhibit a strong 9.1% CAGR over the forecast period from 2018 to 2027, according to the latest research report from Market Research Future (MRFR). The global gene expression analysis market is expected to be valued at USD 3.2 billion by 2023, according to the report. The research report profiles the global gene expression analysis market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the gene expression analysis market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global gene expression analysis market and gives readers a comprehensive analysis of the leading players in the global gene expression analysis market. The report also profiles the major drivers and restraints affecting the global gene expression analysis market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the gene expression analysis market is also assessed in the report.
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The growing demand for personalized medication is likely to be a major driver for the global gene expression analysis market over the forecast period. Personalized medication is medication tailored to individual humans based on their own genetic predilections to certain conditions and substances. This medication is perfectly safe and carries a zero risk of side effects, as the individual’s genetic preferences are taken into account while producing the medication. This makes personalized medication a highly lucrative field of the healthcare sector. Numerous companies are likely to invest in personalized medication in the coming years, leading to growing demand for gene expression analysis procedures in the coming years.
Leading players in the global gene expression analysis market include General Electric Company, Illumina Inc., Thermo Fisher Scientific, Bio-Rad Laboratories Inc., F. Hoffman-La Roche Ltd., Pacific Biosciences of California Inc., BGI, PerkinElmer Inc., Agilent Technologies Inc., Qiagen, Oxford Gene Technology, Eurofins Scientific, Danaher, Genotypic Technology Pvt. Ltd., and Macrogen Inc. Research and development is likely to remain the preferred tactic for players in the global gene expression analysis market over the forecast period, as considerable research and development is needed for players to come up with effective gene expression analysis solutions. The growing adoption of personalized medication by players in the medical field is likely to remain a major driver for the global gene expression analysis market over the forecast period.
The global gene expression analysis market is segmented on the basis of product, service, application, end use, and region.
By product, the global gene expression analysis market is segmented into consumables and instruments. The consumables segment is sub-segmented into reagents and DNA chips, while the instruments segment is further sub-segmented into polymerase chain reaction, next generation sequencing, microarray, Sanger sequencing, and others.
By service, the global gene expression analysis market is segmented into gene expression profiling services, sequencing services, bioinformatics solutions, and others.
By application, the global gene expression analysis market is segmented into drug discovery, diagnosis, research, and others. Drug discovery is likely to remain the major segment of the gene expression analysis market by application over the forecast period.
By end use, the global gene expression analysis market is segmented into pharmaceutical and biotech companies, academic and research institutes, contract research organizations, and others.
The Americas are anticipated to dominate the global gene expression analysis market over the forecast period, with Europe and Asia Pacific holding the second and third largest shares in the global market, respectively.
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