Gene Panel Market 2019 | New Business Opportunities & Growth Segmented By Prominent Players: Illumina, Agilent Technologies, Eurofins Scientific, F. Hoffmann-La Roche, Novogene Corporation, Personalis, and ArcherDX

The research report evaluates the Gene Panel Market in an all-inclusive manner by explaining the prime characteristics of the market that is likely to have a quantifiable influence on its progressive scenarios over the forecast period.

Gene panel testing is known as an option for genetic testing and counseling associated to cancer risks. The Gene panel test is used to perform to analyze the multiple genes at once for the cancer-associated mutations. The gene panel market is anticipated to grow with a significant rate in the coming years, owing to factors such as increasing prevalence of genetic diseases. In addition, cancer is the key factor for the growth of the Gene panel testing market.

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Growing technological advancements such as next generation sequencing (NGS) system, and the need for efficient prenatal diagnosis are significant factors that also fuel the growth of gene panel market in the coming years. On other hand the government initiatives in population sequencing are anticipated to offer more growth opportunities for the players operating in the global gene panel market.

The key players influencing the market are Illumina, Inc., Agilent Technologies, Eurofins Scientific, F. Hoffmann-La Roche Ltd, Novogene Corporation., Personalis Inc., ArcherDX, Inc., QIAGEN, Integrated DNA Technologies, Inc., BGI among others.

The segment of cancer risk assessment is further classified into high-penetrance gene panels, syndrome-specific gene panels, high and moderate-penetrance gene panels and comprehensive cancer risk panels. On the design basis, the gene panel market is categorized into customized gene panels and predesigned gene panels. Based on end users, the gene panel market is classified as hospitals & diagnostic laboratories, research & academic institutes and pharmaceutical & biotechnology companies.

The report analyzes factors affecting gene panel market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

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North America is anticipated to capture largest market share and projected highest CAGR gene panel owing to growing clinical applications for next generation sequencing and increasing focus on market players for providing efficient gene panel services to researchers in the region. Moreover, growing government funding programs in genomic research also act as a driver foe the gene panel market in the forecast period. However, the Asia-Pacific region is expected to register the highest growth during the forecast period with the majority of growth primarily driven by growing geriatric population and increasing number of cancer cases in the region.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global gene panel market based on product & services, technique, application, design, and end-user. It also provides market size and forecast till 2025 for overall gene panel market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

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