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Reporter Gene Assay Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033
Reporter Gene Assay Market
As per the report, the reporter gene assay market size has grown strongly in recent years. It will grow from $5.88 billion in 2023 to $6.39 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The reporter gene assay market size is expected to see strong growth in the next few years. It will grow to $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Role Of Drug Discovery And Development Research In Driving Growth Of The Reporter Gene Assay Market
The increasing drug discovery and development research is expected to propel the growth of the reporter gene assay market. Drug discovery and development research refers to the systematic process within the medical, biotechnology, and pharmacology fields that leads to identifying, creating, and introducing new medications to the market. The increasing drug discovery and development research is due to advancements in proteomics, high-throughput screening, genomics, and novel medications' successful development and approval. Reporter gene assays serve as valuable tools in discovery and development research, enabling researchers to gain insights into gene regulation, identify potential drug targets, screen compound libraries, and evaluate the efficacy and safety of candidate drugs. For instance, in April 2024, according to the Office for National Statistics, a UK-based government department, the UK government's net expenditure on research and development (R&D) rose to £15.5 billion ($19.7 billion) in 2022 from £14.0 billion ($17.8 billion) in 2021, an increase of 10.5%. Therefore, increasing drug discovery and development research is driving the growth of the reporter gene assay market.
Advancements In Reporter Gene Assay Market Through Ultrasensitive Multiplexed Digital PCR Technology
Major companies operating in the reporter gene assay market are focusing on developing innovative solutions, such as ultrasensitive multiplexed digital PCR assays, to strengthen their position in the market. Ultrasensitive multiplexed digital PCR (dPCR) assays precisely detect and quantify nucleic acids by partitioning the sample into thousands or millions of individual reactions, each containing minute amounts of target DNA or RNA molecules. For instance, in April 2024, Bio-Rad Laboratories Inc., a US-based life science research company, launched the ddPLEX ESR1 Mutation Detection Kit, the first ultrasensitive multiplexed digital PCR assay. This new ultrasensitive multiplexed digital PCR assay for breast cancer mutation detection excels in sensitivity, detecting minute mutations in complex samples for early and precise disease monitoring. Its multiplexing feature enables simultaneous detection of multiple mutations, simplifying testing. This groundbreaking assay promises to revolutionize breast cancer research and personalized treatment strategies.
The reporter gene assay market covered in this report is segmented -
1) By Product: Assay Kits, Reagents
2) By Application: Promoter Structural And Functional Analysis, Cell Signaling Pathways, Protein Interaction, Clinical And Gene Regulation
3) By End-User: Biotechnology And Pharmaceutical Companies, Research And Academic Institutes, Hospital And Diagnostic Laboratories, Contract Research Organizations
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Major companies operating in the reporter gene assay market are Roche Diagnostics, Thermo Fisher Scientific, Danaher Corporation, Merck KGaA, Becton Dickinson and Company (BD Biosciences), GE Healthcare, Lonza Group, Agilent Technologies, Sartorius AG, PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., GenScript Biotech Corporation, Abcam plc, Promega Corporation, Promega Corporation, Takara Bio Inc., New England Biolabs (NEB), OriGene Technologies Inc., Cell Signaling Technology Inc., SABiosciences, Enzo Biochem Inc., InvivoGen, Biotium Inc., Enzo Life Sciences Inc., BioAssay Systems, Indigo Biosciences Inc.
Contents of the report:
1. Executive Summary
2. Reporter Gene Assay Market Report Structure
3. Reporter Gene Assay Market Trends And Strategies
4. Reporter Gene Assay Market - Macro Economic Scenario
5. Reporter Gene Assay Market Size And Growth
…..
27. Reporter Gene Assay Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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