Gene Expression Market
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Gene Expression Market size was valued at USD 12.5 billion in 2023 and is expected to grow at a CAGR of 7.1% between 2024 and 2032, propelled by factors such as the technological advancements and a growing emphasis on personalized medicine. Also, the growing prevalence of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders contribute significantly to the growth of the market.
Altered gene expression plays a critical role in cancer development and progression. This involves activation of oncogenes and inactivation of tumor suppressor genes through various mechanisms, including genetic mutations, epigenetic modifications, and dysregulated signalling pathways. For instance, as per the Pan American Health Organization (PAHO), it is anticipated that around 20 million new cases and 10 million fatalities will arise in 2023, and annual reported cases are expected to reach about 30 million by 2040.
Report Attribute | Details |
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Base Year: | 2023 |
Gene Expression Market size in 2023: | USD 12.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 7.1 |
2023 Value Projection: | USD 22.9 Billion |
Historical Data for: | 2018 – 2023 |
No of Pages: | 230 |
Tables, Charts & Figures: | 381 |
Segments Covered: | Process, Product, Application, Technique, Capacity, End-user, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Gene expression is the process where information encoded in a gene is used to synthesize a functional gene product, such as a protein or RNA molecule. Further, gene expression analysis involves the measurement of the activity (expression) of genes in a biological sample to understand how different genes are turned on or off in response to various conditions. It aims to quantify the amount of mRNA produced from each gene, providing insights into the regulation and functioning of the genome.
Based on the process, the market is classified into sample collection, purification, cDNA synthesis & conversion, PCR analysis, and data analysis & interpretation. The data analysis & interpretation segment is set to expand at a CAGR of 7.8% through 2032.
Based on product, the gene expression market is classified into consumables, instruments, and services. Consumables segment is further sub segmented into reagents and DNA chips. Instruments are further bifurcated into polymerase chain reaction, next generation sequencing, DNA microarray and other instruments. Consumables segment accounted for 46.9% of the market share in 2023.
Based on application, the gene expression market is classified into drug discovery & development, clinical diagnostics, biotech & microbiology, and other applications. The drug discovery & development segment is expected to hold the highest revenue throughout the forecast period.
Based on techniques, the gene expression market is classified into RNA expression, promoter analysis, and protein expression & posttranslational modification analysis. Promoter analysis segment is predicted to witness 7.4% CAGR during 2024 to 2032.
Based on capacity, the gene expression market is classified into low- to mid- plex and high-plex. The high-plex segment dominated around USD 8.4 billion revenue in 2023.
Based on end-user, the gene expression market is classified into academic and research institute, pharmaceutical and biotechnology companies, diagnostic centers, and other end-users. The academic and research institute segment is set to hold the highest revenue throughout the forecast period.
North America secured a substantial market size held over USD 5.3 billion in 2023.
The competitive landscape of the gene expression industry is characterized by the presence of established pharmaceutical companies vying for market share. Key players are engaging in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their product portfolios. The companies are actively adopting a multi-pronged approaches to address the rising demand for effective gene expression.
Prominent players operating in the gene expression industry are as mentioned below:
Market, By Process
Market, By Product
Market, By Application
Market, By Technique
Market, By Capacity
Market, By End-user
The above information has been provided for the following regions and countries:
Some prominent firms operating in the market are Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche Ltd., GE HealthCare Technologies, Inc., Illumina, Inc., Oxford Nanopore Technologies Ltd., Pacific Biosciences of California, Inc., PerkinElmer, Inc., Promega Corporation, Qiagen N.V., and Thermo Fisher Scientific Inc.
North America market is set to exhibit robust growth between 2024 and 2032, attributed to the increased funding from government agencies, private investors, and pharmaceutical companies in the region.
The market size of gene expression reached USD 12.5 billion in 2023 and is set to witness 7.1% CAGR from 2024 to 2032, led by technological advancements and a growing emphasis on personalized medicine.
The consumables segment accounted for 46.9% of the market share in 2023, owing to its steady and regular use in gene expression experiments which are typically tailored to specific techniques or platforms.