Global Gene Panel Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Gene Panel Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Products and Services (Test Kits, and Testing Services), Technique (Amplicon Based Approach, and Hybridization Based Approach), Application (Cancer Risk Assessment, Pharmacogenetics, Diagnosis of Congenital Disorders, and Other Applications), End User (Hospitals, Diagnostic Laboratories, Pharmaceutical Companies, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Gene Panel Market was valued at USD 1,032.4 million in 2023 and is expected to reach USD 3,274.2 million by 2031 while growing at a CAGR of 15.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global gene panel market growth. A gene panel, or panel sequencing, is a focused genetic testing method that analyzes specific genes or genomic regions linked to particular conditions. This targeted approach, as opposed to sequencing the entire genome, offers a more efficient and cost-effective examination of a predefined set of genes.
The increasing prevalence of genetic disorders and hereditary conditions is driving the growth of the gene panel market. However, challenges such as Data Interpretation Challenges and the absence of standardized protocols for gene panel testing may impede market expansion despite continuous advancements in genomic research.
Furthermore, the global gene panel industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Products and Services Analysis
The Global Gene Panel Market is segmented among Test Kits, and Testing Services, based on Products and Services. In 2023, Test Kits accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Technique Analysis
The Global Gene Panel Market is segmented among Amplicon Based Approach, and Hybridization Based Approach, based on Technique. In 2023, Amplicon-Based Approach accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Gene Panel Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Illumina, Inc., Thermo Fisher Scientific, Agilent Technologies, Inc., QIAGEN, Integrated DNA Technologies, Inc., BGI Group, F. Hoffmann-La Roche AG, Novogene Corporation, GENEWIZ, and Eurofins Scientific.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Gene Panel Market Dynamics
Drivers
Restraints
Opportunity
4. Global Gene Panel Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Gene Panel Market Segmentation, By Products and Services
Global Gene Panel Market Share Analysis, By Products and Services
Global Gene Panel Market Growth Analysis, By Products and Services
Global Gene Panel Market Trends, By Products and Services
o Test Kits
o Testing Services
6. Global Gene Panel Market Segmentation, By Technique
Global Gene Panel Market Share Analysis, By Technique
Global Gene Panel Market Growth Analysis, By Technique
Global Gene Panel Market Trends, By Technique
o Amplicon-Based Approach
o Hybridization Based Approach
7. Global Gene Panel Market Segmentation, By Application
Global Gene Panel Market Share Analysis, By Application
Global Gene Panel Market Growth Analysis, By Application
Global Gene Panel Market Trends, By Application
o Cancer Risk Assessment
o Pharmacogenetics
o Diagnosis of Congenital Disorders
o Other Application
8. Global Gene Panel Market Segmentation, By End User
Global Gene Panel Market Share Analysis, By End User
Global Gene Panel Market Growth Analysis, By End User
Global Gene Panel Market Trends, By End User
o Hospitals
o Diagnostic Laboratories
o Pharmaceutical Companies
o Others
9. Global Gene Panel Market Segmentation, By Region
Global Gene Panel Market Share Analysis, By Region
Global Gene Panel Market Growth Analysis, By Region
Global Gene Panel Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
Illumina, Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Thermo Fisher Scientific
Agilent Technologies, Inc.
QIAGEN
Integrated DNA Technologies, Inc.
BGI Group
F. Hoffmann-La Roche AG
Novogene Corporation
GENEWIZ
Eurofins Scientific
*Similar analysis will be provided for each company listed above.
