How Will the Gene Expression Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the gene expression market size evolved in recent years?
In the past few years, the market size for gene expression has experienced a significant expansion. It’s projected to increase from $11.55 billion in 2024 to $12.79 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%. The growth witnessed in the previous period can be credited to the heightened concentration on precision medicine, an increase in cancer research and biomarker discovery, its utilization in disease diagnosis and prognosis, its combination with systems biology methods, and needs in drug discovery and development.
What are the predictions for the gene expression market size in the coming years?
The gene expression market is slated for a steep rise in the coming few years, growing to a whopping $20.25 billion in 2029 while boasting a 12.2% compound annual growth rate (CAGR). This anticipated growth is attributable to several factors including the arrival of spatial transcriptomics, an upswing in epigenomic studies, global health occurrences, pandemic readiness, the emphasis on non-coding RNA exploration, and enhanced application in immunotherapy research. Some pronounced trends for the forecast period encompass single-cell RNA sequencing, state-of-the-art next-generation sequencing, multi-omics data integration, advancements in gene-altering technologies, liquid biopsy progression, and the application of spatial omics in drug discovery.
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What key factors are fueling the growth of the gene expression market?
The burgeoning emphasis on precision medicine is set to fuel the expansion of the gene expression market in the future. Precision medicine leverages information related to a person’s genes or proteins to diagnose, prevent, or manage diseases. In precision medicine, gene expression is used to pinpoint irregularities in typical functionality and physiologic regulation of an individual. This is accomplished by measuring and contrasting genes and transcripts in tissues under varying health conditions, aiding in the provision of tailored treatment plans. For example, a report from the US-based nonprofit organization, the Personalized Medicine Coalition (PMC), indicated that in February 2023, personalized medicines made up 35% of the newly approved NMEs in 2021. In 2022, with another 12 approvals, such medicines have consistently formed at least a quarter of new drug approvals over the past eight years. This represents a sizeable surge from less than 10% ten years ago. Therefore, the intensified focus on precision medicine is propelling the gene expression market.
How is the global gene expression market divided into key segments?
The gene expression market covered in this report is segmented –
1) By Product: Kits And Reagents, DNA Chip Or Microarray, Other Products
2) By Process: Sample Collection, Purification, cDNA Synthesis And Conversion, PCR Analysis, Data Analysis And Interpretation
3) By Technique: RNA Exp, Promoter Analysis, Protein Exp. And Posttranslational Modification Analysis
4) By Application: Drug Discovery And Development, Clinical Diagnostics, Biotechnology And Microbiology, Other Applications
Subsegments:
1) By Kits And Reagents: RNA Isolation Kits, cDNA Synthesis Kits, qPCR Kits, Reverse Transcription Kits, Other Reagents
2) By DNA Chip Or Microarray: Expression Microarrays, Genotyping Microarrays, Comparative Genomic Hybridization Arrays,
3) By Other Products: Software For Data Analysis, Lab Instruments, Consumables
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Who are the key firms paving the way for growth in the gene expression market?
Major companies operating in the gene expression market include Thermo Fisher Scientific Inc., Qiagen NV, Illumina Inc., Bio-Rad Laboratories Inc., Agilent Technologies Inc., PerkinElmer Inc., GE Healthcare, F Hoffmann-La Roche Ltd, Oxford Gene Technology IP Limited, Promega Corporation, OriGene Technologies Inc., Luminex Corporation, Takara Bio Inc., Danaher Corporation, ELITechGroup, Biocartis Group NV, Integragen SA, Oxford Nanopore Technologies Limited, Phalanx Biotech Group, Roche Holding AG, Sengenics Corporation Pte Ltd., GenXPro GmbH, Twist Bioscience Corporation, Zymo Research Corporation, Abcam plc., Bio-Techne Corporation
Which trends are expected to transform the gene expression market?
Technological innovation is driving trends in the gene expression market. Leading firms involved in this market are embracing RNA gene expression technology. A case in point is the American biosciences and diagnostics firm, Enzo Biochem, Inc., which unveiled a novel platform, AMPIVIEW, in September 2022. This tool, intended for enhancing sensitivity in identifying biomarkers in cell and tissue samples, is an RNA gene expression platform. It utilizes in-situ hybridization technology for pinpointing HPV and SARS-CoV-2 by specifically and sensitively detecting the location of target genes in cells or tissue, without disrupting their original arrangement.
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What regions are contributing significantly to the growth of the gene expression market?
North America was the largest region in the gene expression market in 2024. Asia-Pacific is expected to be the fastest-growing region in the gene expression market in the forecast period. The regions covered in the gene expression market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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