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Gene Panel Market Overview by Top 10 Players In The World - Agilent Technologies, Integrated DNA Technologies (IDT), Eurofins Scientific, QIAGEN and Forecasts by 2023

07-02-2018 03:07 PM CET | Health & Medicine

Press release from: Market Research Future

Gene Panel Market

Gene Panel Market

The Global Gene Panel Market is expected to reach an approximate CAGR of ~19% during the forecast period. The rising prevalence of genetic diseases and cancer is the key factor for the market to grow. According to the Cancer Research U.K., in 2012, 14.1 million cases of cancer were diagnosed all over the world, and 8.2 million died due to cancer. It also projected that the number of cancer patients is expected to reach 23.6 million by 2030.

The increasing prevalence of chronic diseases such as cancer, genetic diseases, and rare diseases, increase in adoption of genetic testing, rising company initiatives, technological advancements, need for efficient prenatal diagnosis, and increasing health awareness are estimated to drive the market during the forecast period. However, factors such as expensive tests, inaccuracy in results, and security concerns of the genes are estimated to restrain the market growth during the forecast period.

The Americas dominates the global market for Gene Panel. The increase in the patient pool for chronic diseases, government initiatives for the development of cancer treatment, and presence of strong market players such as Thermo Fisher Scientific drive the market growth in this region. Europe (the U.K., Belgium, France, and the Netherlands) is second in the market owing to the increasing research and development activities for cancer and congenital diseases. Also, the high occurrence rate of cancer in Europe influences the market growth in Europe. According to WHO, there are 3.7 million cases of cancer in Europe every year. Furthermore, Germany is predicted to dominate the European market as there were 2, 24,089 number of deaths due to cancer in 2014. Also, technological advancements coupled with an early diagnosis of cancer is likely to drive market growth for Gene Panel in Germany. Asia Pacific is expected to observe growth for the global Gene Panel market owing to the growing prevalence of cancer and increasing health expenditure. The Middle East and Africa with the presence of low-income countries, low healthcare expenditures, and stringent government regulations accounted for the least market share.

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Key Players for Gene Panel Market:

Thermo Fisher Scientific (US),

F. Hoffmann-La Roche AG (Switzerland),

Illumina, Inc., BGI (China),

Agilent Technologies (US), 

Integrated DNA Technologies (IDT) (US),

Eurofins Scientific (US),

QIAGEN (Germany),

GENEWIZ,

Novogene Corporation (China),

Personalis (US),

GATC Biotech AG (GATC Biotech) (Germany),

ArcherDx (US),

GeneDx.,

CENTOGENE AG and others.

Segmentation

The global Gene Panel market is segmented on the basis of product & service, technique, design application and end-user. The Gene Panel market, by product & service, is segmented into test kits and testing services. The global Gene Panel market by technique is segmented into the amplicon-based approach and hybridization-based approach. The design segment is segmented into predesigned Gene Panels and customized Gene Panels. On the basis application, the market is categorized into cancer risk assessment, pharmacogenetics, diagnosis of congenital disorders, and other applications. The cancer risk assessment segment is further sub-segmented into syndrome-specific Gene Panels, high-penetrance Gene Panels, high and moderate-penetrance Gene Panels, and comprehensive cancer risk Gene Panels. On the basis of end-user, the market is categorized into hospitals, diagnostic laboratories, research and academic institutes, and pharmaceutical and biotechnology companies.

On the basis of region, the global Gene Panel market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is sub-segmented into North America and South America. The North American region is further segmented into the U.S. and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the U.K., Spain, and the rest of Western Europe. The Asia Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

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Major TOC For Gene Panel Market Research Report- Global Forecast to 2024

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

TOC Continued…!

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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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