According to the latest market study released by Technavio, the global gene expression market is expected to grow at a CAGR of close to 11% during the forecast period.
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Technavio has published a new report on the global gene expression market from 2017-2021.(Graphic: Business Wire)
This research report titled 'Global Gene Expression Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Amber Chourasia, a lead analyst at Technavio forlab equipment research, "The global gene expression market is set to witness strong growth during the forecast period with DNA sequencing becoming less expensive and generating more insight into disease pathways, thereby encouraging researchers to explore new therapies. Therefore, the demand for gene expression instruments and consumables is going to increase in the coming years."
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The market research analysis categorizes the global gene expression market into three major application segments. They are:
- Drug discovery
- Diagnostics
- Others
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Drug discovery
Gene expression technologies, including microarray, quantitative real-time PCR, and NGS, are useful for identifying particular compounds of interest by illustrating the engagement of the targeted receptors, pathways, or networks through the downregulated or upregulated patterns of the intended drug targets. As gene expression technologies advance, gene expression profiling of the whole genome has become affordable and thus, more rapidly adopted.
With companies investing high amounts in R&D and particularly in techniques such as genome sequencing, the demand for gene expression systems would be high as researchers aim to discover new drug targets.
Diagnostics
High prevalence of diseases such as cancer across the globe warrants the need to explore new and rapid techniques for correct diagnosis of the disease. The advent of DNA microarray technologies has led to the utilization of gene expression signatures that can be used for prognostic and predictive purposes. This new information obtained changes the standards in medicine, and when coupled with physical examination, pathology, and other clinical tests, new molecular information can be generated.
This application is particularly attractive for the global gene expression market as there is an emergence of startup companies in the market which are bringing new genomic testing techniques to identify diseases in a unique yet swift manner.
Others
The others segment includes research studies exclusively being conducted by research institutions. This segment also includes forensic sciences, a field where gene expression techniques are being extensively employed. Academic research institutions are extensively conducting gene expression experiments to understand disease mechanisms and complex molecular processes such as transcription, the failure of which can cause genetic anomalies.
"Forensics is another field extensively utilizing gene expression techniques for crime investigations. Researchers in Sweden are currently using gene expression to analyze the age of bruises and the impact of injury trauma by using pigs as experimental models. Therefore, with the rise of innovative research applications using gene expression tools, the others segment is set to witness a strong growth during the forecast period," says Amber.
The top vendors highlighted by Technavio's market research analysts in this report are:
- Agilent Technologies
- Bio-Rad Laboratories
- F. Hoffmann-La Roche
- Thermo Fisher Scientific
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