The gene expression market is expanding due to cancer therapeutics and personalised medicine, with North America leading and Asia Pacific growing.
Genomics has been garnering greater interest worldwide, attracting government funding for research. While this remains the key factor driving the growth of gene expression market, remarkable developments in the field of genomic databases are also expected to be significantly responsible for market growth. Fairfield Market Research in its latest ongoing study would provide an exhaustive analysis of all the push and pull factors shaping the future growth outlook of global gene expression market. The need for gene expression analysis is constantly on the rise, complementing the advent of next-generation sequencing (NGS) technology. Given the technological advances, an increasing number of genetic conditions, and boom around personalised medicine, the report suggests that the market for gene expression will largely benefit from it.
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Opportunities Abound in Clinical Diagnostics
Gene expression has established itself as among the sought-after technologies that are widely used in a wide range of applications, including biotechnology, drug discovery and development, microbiology, clinical diagnostics, pharmacogenomics, and toxicogenomics. While the world of medicine is continuously longing for early detection/diagnosis with high accuracy, it will offer an impetus to the clinical diagnostics realm. This is particularly projected to raise the application potential of RNA expression analysis in clinical diagnostics, especially for rare genetic conditions in premature infants, and early-onset infections (EOIs). Advent of stem cell therapy, and genetic engineering further uphold the prospects of gene expression market. Detection of COVID-19 risk factors emerged critically important as a part of the disease diagnostics, treatment, and viral outbreak analysis. This has been the key driver for gene expression studies amid the pandemic situation.
Cancer Research Continues to Attract Huge Investments
Soaring prevalence of cancers, which remains one of the strongest boosters to the personalised medicine boom, will also give a heavy push to gene expression analysis. The impact of this factor is further likely to increase with consistently falling costs of the various sequencing procedures, and considerably high investments pouring into cancer research and therapeutics. With the field of gene therapy reflecting a noteworthy increase in R&D activities, adoption of gene expression technologies exhibits no signs of slowing down anytime soon. In addition to growing market attractiveness of precision medicine, consistently soaring prevalence of certain inherited disorders, and rare diseases extend significant contribution toward demand growth of gene expression. Sophistication of healthcare infrastructure in both developed, as well as developing economies will continue to be a constant support to market growth.
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North America at the Forefront; Asian Markets Picking up
Primary regional analysis suggests that the demand for gene expression continues to be prominent in North America as the region generates notable demand for gene therapy. Supportive government initiatives, swelling investments in genetic research, and rapidly augmenting funding for NGS will also uphold dominance of North American market in global gene expression space. On the other hand, the market in Asia Pacific is gradually picking up pace majorly on the back of a highly dynamic recombinant DNA technology landscape in China. Moreover, considering alarming rates of prevalence of cancers, governments of fast-developing nations have been cautiously pushing their investments in cancer research, which points to a high-potential glowing spot for key participants in gene expression market.
Key Market Players
Some of the leaders in global gene expression landscape include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Illumina, Inc., QIAGEN N.V., Agilent Technologies, GE Healthcare, F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Oxford Gene Technology, PerkinElmer Inc., Quest Diagnostics, Inc., Promega Corp., Luminex Corp., Interpace Biosciences, Inc., Takara Bio, Inc., AutoGenomics, and Biocartis NV. The report would offer extensive competitive analysis, revealing the financial, and strategic profiles of important players that are likely to drive competition in gene expression market.
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The article discusses the growth of the gene expression market driven by cancer therapeutics and personalised medicine.
It is growing due to technological advances, government funding, and increased demand in clinical diagnostics.
North America is at the forefront, with Asia Pacific markets picking up pace.
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