Gene Expression Analysis Market Worth $4.3 Billion by 2018
DALLAS, February 19, 2014 /PRNewswire/ --
According to the new market research report, "Gene Expression Analysis Market - by Technology (DNA Microarray, Real-Time PCR, Next Generation Sequencing), Consumables (DNA Chips, Reagents), Services (Gene Profiling, Bioinformatics, Data Analysis Software) & Applications - Global Forecast To 2018", published by MarketsandMarkets, Gene expression analysis market estimated at $2.6 billion in 2013 and is expected to reach $4.3 billion by 2018, growing at a CAGR of 10.4% from 2013 to 2018.
Browse 72 market data tables and 20 figures spread through 227 pages and in-depth TOC on "Gene Expression Analysis Market - Global Forecast To 2018"
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The Gene Expression Analysis Market analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW).
This report covers the definition, description, and forecast of the global Gene Expression Analysis Market in terms of instrumentation, consumables, services, and applications. Based on technology, the Gene Expression Analysis Instrumentation Market comprises DNA microarrays, real-time PCR, next-generation sequencing, and others. The consumables market is categorized into DNA chips and reagents, while the services market is further sub-segmented into gene expression profiling services, bioinformatics solutions, data analysis software, and others.
Over the years, Gene Expression Analysis has evolved significantly and is widely used for the diagnosis and treatment of various disorders like cancer, Alzheimer's, and Parkinson's, among others. In the past few years, the market has witnessed significant technological advancements, as companies have introduced newer sequencing and analysis platforms. This has aided in the diagnosis and treatment of diseases. Increasing number of cancer patients, growth in the number of funding activities, technological advancements, and increased interest in gene expression for research and discovery are the major factors driving the growth of this market. Moreover, various government bodies have extended their help in the form of investments, funds, and grants, which has further stimulated the growth of the Gene Expression Analysis Market.
North America dominated the global Gene Expression Analysis Market, followed by Europe and Asia. The continued developments in the North American market are triggered by the increase in funding, to address the growth in the number of cancer patients. Asia is expected to grow at the highest CAGR. This can be attributed to the presence of high-growth markets such as India and China, improved funding scenario in this region, increasing number of conferences and exhibitions on gene expression, and increased focus on cancer research.
Life Technologies (U.S.), QIAGEN N.V. (Netherlands), Illumina, Inc. (U.S.), Roche Diagnostics (Switzerland), Bio-Rad Laboratories, Inc. (U.S.), Agilent Technologies (U.S.), Affymetrix, Inc. (U.S.), GE Healthcare (U.K.), Thermo Fisher Scientific (U.S.), PerkinElmer, Inc. (U.S.), Luminex Corporation (U.S.), and Oxford Gene Technology, Inc. (U.K.) are some of the prominent players in the global Gene Expression Analysis Market.
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