Press release
Gene Panel Market to 2023 – Growing Steady at 19.2% CAGR and Projected to Reach US$ 2.95 Billion
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The global gene panels market is expected to reach USD 2.95 billion by 2023 from USD 1.22 billion in 2018, at a CAGR of 19.2%. This market is experiencing significant growth due increasing prevalence of chronic diseases, growing company initiatives (in terms of strategic partnerships, collaborations, and product launches), and growing adoption of gene panels owing to the benefits they offer.
Top Key Players in the “Gene Panel Market” include are
• Illumina, Inc. (US)
• Thermo Fisher Scientific (US)
• Agilent Technologies (US)
• QIAGEN (Germany)
• BGI (China)
• Eurofins Scientific (US)
• F. Hoffmann-La Roche AG (Switzerland)
• Integrated DNA Technologies (US)
• GATC Biotech AG (Germany)
• GENEWIZ, Inc. (US)
• Novogene Corporation (China)
• Personalis (US)
• ArcherDx (US)
A Discount can be asked before order a copy of Gene Panel Market report at https://www.reportsnreports.com/contacts/discount.aspx?name=1517944 .
Based on applications, the market is segmented into cancer risk assessment, diagnosis of congenital diseases, pharmacokinetics, and other applications. The cancer risk assessment segment held the largest share of the gene panels market in 2018. It is also projected to register the highest growth during the forecast period due to the increasing incidence of cancer and the growing demand for gene panels in research and diagnostics to understand the genetic variability of cancer.
North America is expected to account for the largest share of the market followed by Europe. North America is also projected to register the highest CAGR during the forecast period. This can be attributed to factors such as the government support for genomics research, presence of leading NGS providers, and growing research on cancer and inherited rare diseases in the region.
The Study Objectives of this report are:
• To forecast the size of the market with respect to five regions: North America, Europe, Asia Pacific, and the Rest of the World
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for the key players
• To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
• To track and analyze competitive developments in the gene panel industry, such as agreements, collaborations, acquisitions, product launches, expansions, and R&D activities
Reason to buy this report:
Gene Panel Market report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall gene panels market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies.
Access Complete report on Gene Panel Market spread across 140 Pages, profiling 13 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1517944 .
Target Audience for Gene Panel Market:
• NGS sequencing services companies
• NGS equipment manufacturers, vendors, and distributors
• NGS bioinformatics/data analysis companies
• Research institutes and government organizations
• Venture capitalists and government funding organizations
• Research and consulting firms
• Healthcare institutions
• Pharmaceutical and biotechnology companies
• Contract research organizations
• Contract manufacturing organizations
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