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How has the reporter gene assay market grown in recent years?

The market for reporter gene assay has seen robust growth in recent years. It is set to expand from $6.39 billion in 2024 to $6.99 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to the notable development during the historic period include the escalating demand for cell-based assays, the surge in genomics research, an uptick in drug discovery and development studies, an increased necessity for personalized treatments, and the call for early diagnosis.

How is the reporter gene assay market size expected to evolve during the forecast period?

The reporter gene assay market size is expected to see strong growth in the next few years. It will grow to $9.84 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the rising prevalence of chronic genetic disorders, growing demand for personalized medicine, growing use of molecular imaging systems, expansion of gene therapy portfolios, and government initiatives. Major trends in the forecast period include technological advancements in gene therapy, advancements in molecular biology, demand for advanced molecular diagnostic tools, shift towards 3d cell culture models, and strategic partnerships.

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Which key drivers are propelling the reporter gene assay market’s growth?

The acceleration in drug discovery and development research is predicted to foster the expansion of the reporter gene assay market. Such research, conducted within the realms of medical, biotechnology, and pharmaceutical sciences, systematically entails the identification, fabrication, and launch of new drugs into the market. This surge in drug discovery and development research can be ascribed to advancements in proteomics, high-throughput screening, genomics, and the successful formation and sanction of innovative medication. Reporter gene assays play a crucial role in this research by granting practitioners insight about gene regulation, aiding in identifying potential drug targets, screening compound libraries, and appraising the efficacy and safety of prospective drugs. For example, the National Science Foundation, a government agency from the US, stated that in 2022, research and development (R&D) endeavors in the US amounted to approximately $885.6 billion, indicating a 12% escalation since 2021 in nominal dollars and a 5% rise after adjusting for inflation. Consequently, the elevation in drug discovery and development research is propelling the reporter gene assay market’s growth.

What are the market segments in the reporter gene assay industry?

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

Subsegments:

1) By Assay Kits: Luciferase Reporter Assay Kits, ß-galactosidase Reporter Assay Kits, Fluorescent Reporter Assay Kits, Secreted Alkaline Phosphatase (SEAP) Assay Kits

2) By Reagents: Luciferase Substrates, ß-galactosidase Substrates, Fluorescent Proteins, Detection Buffers And Enhancers

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Who are the key players steering the development of the reporter gene assay market?

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.

What key trends are currently impacting the reporter gene assay market’s development?

Prominent firms in the reporter gene assay market are concentrating on pioneering creative solutions, like ultrasensitive multiplexed digital PCR assays, in an effort to solidify their market standing. Ultrasensitive multiplexed digital PCR (dPCR) assays are incredibly accurate in detecting and quantifying nucleic acids by dividing the sample into thousands or millions of singular reactions, each inclusive of tiny quantities of target DNA or RNA molecules. Take for example, Bio-Rad Laboratories Inc., a life science research company based in the US, which in April 2024, introduced the ddPLEX ESR1 Mutation Detection Kit, the pioneering ultrasensitive multiplexed digital PCR assay. This novel ultrasensitive multiplexed digital PCR assay has the exceptional ability to pinpoint tiny mutations in complex samples for early and accurate disease surveillance. Its multiplexing capability allows for multiple mutations to be detected at once, simplifying the testing process. This breakthrough assay has the potential to transform breast cancer research and personalized treatment approaches.

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What regions are contributing significantly to the growth of the reporter gene assay market?

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

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