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Global Gene Panel Market

July 17, 2018

Global Gene Panel Market, By Product & Services (Testing Services and Test Kits), By Technique (Hybridization-based Approach and Amplicon-based Approach), By Design (Customized Gene Panel and Predesigned Gene Panel), By Application (Cancer Risk Assessment (High-penetrance, Syndrome-specific, High and Moderate-penetrance, and Comprehensive Cancer Risk), Diagnosis of Congenital Diseases, Pharmacogenetics, and Other Applications), By End User (Hospital and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, Research and Academic Institutes), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR507      
Industry : Biotechnology
Pages :220 Pages
Format :   PPT Format   PDF Format

The global gene panel market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Gene panel is a test that inspects multiple genes of cancer-associated mutations in the less time. The gene test can diagnose 20 to over 100 genes at a time that helps to analyze the risk of cancer in human bodies. The gene panel test helps to diagnose the evolution of different types of cancer such as breast cancer, ovaries cancer, and fallopian tubes cancer, among others. Increased adoption of predictive testing and the number of cancer patients has increased the demand for gene panel market growth.

Table 1. Global Gene Panel Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product & Services)

Testing Services and Test Kits

Market Segmentation (By Technique)

Hybridization-based Approach and Amplicon-based Approach

Market Segmentation (By Design)

Customized Gene Panel and Predesigned Gene Panel

Market Segmentation (By Application)

Cancer Risk Assessment (High-penetrance, Syndrome-specific, High and Moderate-penetrance, and Comprehensive Cancer Risk), Diagnosis of Congenital Diseases, Pharmacogenetics, and Other Applications

Market Segmentation (By End User)

Hospital and Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies, Research and Academic Institutes

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

BGI, ArcherDx, IIIumina, Inc., Agilent Technologies, Eurofins Scientific, Thermo Fisher Scientific, QIAGEN, GENEWIZ, Inc., Novogene Corporation, Personalis, GATC Biotech AG (GATC Biotech), F. Hoffmann-La Roche AG, and Integrated DNA Technologies (IDT), among Others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Increasing adoption of pre-symptomatic and diagnostic testing with the help of gene panels is expected to drive growth of the market. Increasing prevalence of chronic diseases has also led to the increased requirement of gene panel market. According to National Cancer Institute , there was about 1,735,350 cancer cases in the U.S. in 2018, and the mortality cases were 609,640 which increases the demand for gene panel test to evaluate the risk of cancer at the initial stage and also expected to decrease the rate of cancer patients and the number of deaths.

Rise in the company initiatives by adopting new business strategies along with significant investment in research and development for gene panels is expected to fuel the market growth during the forecast period. For instance, in May 2020, Genomics launched the range of designed gene panels that are applicable for different types of diseases like neuroscience, cancer, immunology, etc.

However, stringent rules and regulations for genetic data safety concerns is expected to hinder the gene panel market over the forecast period.

Figure 1. Gene Panel Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019 and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America holds the major share of the gene panel market followed by Europe and Asia-Pacific. The growth of North America market is attributed to an increase in the research of cancer and chronic diseases and a rise in the demand for gene panels in the region. For instance, in October 2019, Genetics has started its lab Biopharma in North America to provide gene panels due to the increase in sequence based rare disease.

Further, the Asia-Pacific region is also expected to contribute significant growth in the market owing to an increase in healthcare investments and adoption of the advanced technologies for various disease testing specifically in Japan, China, and India. For instance, in February 2018, a next-generation sequencing based gene panels have been implemented and developed for the several types of solid cancers, including colorectal, gastric, lung, and breast cancer in Asian patients.

Figure 2. Regional Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the global gene panel market include BGI, ArcherDx, IIIumina, Inc., Agilent Technologies, Eurofins Scientific, Thermo Fisher Scientific, QIAGEN, GENEWIZ, Inc., Novogene Corporation, Personalis, GATC Biotech AG, F. Hoffmann-La Roche AG, and Integrated DNA Technologies, among Others.

The players have adopted strategies like merger and acquisition and are engaged in product development also to diversify the company with other competitors. For instance, in April 2020, NuProbe declared the launch of NGS multi-gene panels by the clinical advisory board members from Yale and MD Anderson to improvise the process of treatment of gene panel. These developments not only enable the companies to expand their product portfolio but also to expand their footprints in different regions and countries.

 

Figure 3. Market Share of Key Players, 2019

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Product & Services

  • Testing Services
  • Test Kits

By Technique

  • Hybridization-based Approach
  • Amplicon-based Approach

By Design

  • Customized Gene Panel
  • Predesigned Gene Panel

By Application

  • Cancer Risk Assessment
    • High-penetrance
    • Syndrome-specific
    • High and Moderate-penetrance
    • Comprehensive Cancer Risk
  • Diagnosis of Congenital Diseases
  • Pharmacogenetics
  • Other Applications

By End User

  • Hospital and Diagnostic Laboratories
  • Pharmaceutical and Biotechnology Companies
  • Research and Academic Institutes

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global gene panel market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global gene panel market?
  • What key factors are expected to increase the demand for gene panel market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global gene panel market?
  • What is the total market value (US$ Mn) generated in global gene panel market by product and service in 2019 and what are the forecasts by 2025?
  • Which technique is expected to propel the gene panel market in the foreseen future?
  • Which design is expected to foster the gene panel market growth?
  • Which application is expected to dominate the gene panel market in the coming years?
  • Which end user contribute highest CAGR (%) in the gene panel bank market?
  • What was the total revenue generated by the global gene panel market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global gene panel market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the gene panel market?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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