Gene expression Market Research Report Focusing on Top Companies Moves in COVID-19 Pandemic Period

Gene expression analysis supports cutting-edge research and enables scientific discoveries by providing insights into gene function at molecular levels. Gain or loss of function results in changes in phenotype, intracellular localization, and probable other changes that might have caused the disease. Increased focus on advanced healthcare framework and adoption of advanced technology in modern diagnostics and drug development. These advances are expected to drive revenue generation.

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Gene expression promises to tap into a previously unexplored segment in the vast and burgeoning genetic engineering industry. Gene expression is the process by which the genetic code - the nucleotide sequence - of a gene is used to direct protein synthesis and produce the structures of a cell. It is the process by which instructions in the DNA are converted into a functional product like protein. The commercial applications of gene expression have been studied and researched upon extensively in recent years. Many diverse and wide ranging applications have been found for this novel technique. With the increased availability and lowering costs of DNA technologies, gene expression has become a more readily used tool indispensable in drug discovery and development.

Increase in investments in the market, which are supporting the technological advancements, and rise in healthcare expenditure are estimated to shape the growth of the gene expression market. Drug discovery & development and increase in demand for personalized medicine in chronic diseases such as cancer will be observed as the most lucrative applications for gene expression analysis in the forecast period. Application of gene expression in clinical diagnostics, on the other hand, will reflect a moderate growth throughout the analysis period. Moreover, the falling costs of sequencing have facilitated the integration of genomic sequencing into medicine. With the increased availability and lowering costs of DNA technologies, gene expression has become a more readily used tool indispensable in drug discovery and development. Many companies and educational institutions are collaborating to make gene expression publicly accessible through databases such as the Connectivity Map (CMap), Library of Integrated Network-based Cellular Signatures (LINCS) and the Tox 21 project.
North America dominated the global market in 2019 in terms of revenue share. This is due to the presence of a substantial number of well-established players in the region. Increased focus on advanced healthcare, government support to initiatives that promote precision medicine, high investments in genomic research, further contribute to revenue generation.

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However, Asia Pacific is projected to witness the fastest growth over the coming years. Changes in government policies of emerging economies that encourage foreign investments along with increased interest from well-established players to capture the untapped market in the region is attributive to developments in this region. In addition, countries such as China and Japan are observed to have a considerable number of private investors entering the gene therapy and related fields which, in turn, is expected to fuel demand for gene expression.

The key players that operate in this market include Thermo Fisher Scientific, Inc., QIAGEN N.V., Illumina, Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, PerkinElmer Inc., GE Healthcare, F. Hoffmann-La Roche AG, Oxford Gene Technology, and Becton, Dickinson and Company.

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