Growing Cancer Prevalence Driving Expansion Of The Market Driver: Leading Transformation in the Gene Panel Market in 2025

What industry-specific factors are fueling the growth of the gene panel market?
The increasing prevalence of cancer is also expected to drive the gene panel market. Cancer cases are rising globally due to factors like aging, environmental exposures, and lifestyle changes. Gene panels allow for comprehensive genetic testing, helping to identify mutations in cancer patients and guiding personalized treatments. For example, in February 2024, the World Health Organization reported that 9.7 million people died from cancer in 2022, with 20 million new cases globally. The increasing prevalence of cancer is expected to drive the demand for gene panel testing, which aids in improving patient outcomes through tailored therapies.

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What Is the projected market size and growth rate for the gene panel market?
The gene panel market has experienced rapid growth, expanding from $2.14 billion in 2024 to $2.48 billion in 2025 at a CAGR of 15.5%. The market's expansion is attributed to the growing prevalence of hereditary disorders, increased demand for genetic screening, rising R&D activities, an increase in congenital diseases, and a growing need for advanced treatment options.

The gene panel market is projected to witness rapid growth, reaching $4.37 billion by 2029 at a CAGR of 15.3%. The expansion will be fueled by rising cases of chronic diseases and cancer, increasing awareness of genetic testing, and greater government initiatives alongside higher healthcare spending. Key trends include advancements in gene panel technology, strategic collaborations, personalized treatment approaches, AI integration, and improvements in bioinformatics tools.

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What new trends are reshaping the gene panel market and its opportunities?
Major companies in the gene panel market are focusing on developing oncology panels to improve cancer diagnostics and personalized treatments. These specialized panels analyze multiple genes associated with cancer, enabling more accurate diagnosis and treatment strategies. In May 2023, Vizgen Inc., a US-based biotechnology company, launched the MERFISH PanCancer Pathways Panel, designed for spatial genomics. This customizable panel enhances error robustness and provides deeper insights into tumor microenvironments and cellular interactions, paving the way for more targeted and personalized cancer research.

What major market segments define the scope and growth of the gene panel market?
The gene panel market covered in this report is segmented -

1) By Product And Services: Test Kits, Testing Services
2) By Technology: Amplicon-Based, Hybridization-Based, Other Technologies
3) By Design: Predesigned Gene Panel, Customized Gene Panel
4) By Application: Cancer Risk Assessment, Diagnosis Of Congenital Diseases, Pharmacogenetics, Other Applications
5) By End-User: Research Institutes, Hospital, Diagnosis Centers, Pharmaceutical Companies, Other End-Users

Subsegments:
1) By Test Kits: Predesigned Gene Panels, Customized Gene Panels
2) By Testing Services: Cancer Risk Assessment Panels, Pharmacogenetic Testing Panels, Neurological Disorder Panels, Cardiovascular Disease Panels, Rare Disease Panels

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Which region dominates the gene panel market?
North America was the largest region in the gene panel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gene panel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the gene panel industry growth?
Major companies operating in the gene panel market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Quest Diagnostics Inc., Intermountain Healthcare, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Qiagen Inc., OPKO Health Inc., Myriad Genetics Inc., Guardant Health Inc., Invitae Corp., Integrated DNA Technologies Inc., Bio-Rad Laboratories Inc., Novogene Corporation, Fulgent Genetics Inc., MedGenome Inc., OriGene Technologies Inc., Centogene AG, Blueprint Genetics Inc., BIONEER Corporation, BGI Group Ltd., Vizgen Inc., Primbio Research Institute LLC

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What Is Covered In The Gene Panel Global Market Report?

•Market Size Forecast: Examine the gene panel market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gene panel market for a structured understanding.
•Key Players Overview: Analyze major players in the gene panel market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gene panel market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gene panel market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gene panel market.
•Industry Challenges: Identify potential risks and obstacles affecting the gene panel market.
•Competitive Landscape: Review strategic developments in the gene panel market, including expansions, agreements, and new product launches.

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