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(IT-NEWSWIRE.COM, April 18, 2018 ) Publisher’s market research study identifies the decreasing cost of DNA sequencing as one of the primary growth factors for the gene expression market. Advancements in science and molecular biology has resulted in the development of the Next-generation sequencing (NGS) market that can analyze multiple fragments in a single run. NGS has resulted in significant cost reduction per genome and per mb which has enabled researchers and pharmaceutical companies analyze multiple fragments at the same time. Additionally, the easy availability of genomes has resulted in increasing number of genomic experiments and research studies. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 11% by 2021.
The integration of genomic data directly into clinical workflows will be one of the key trends that will gain traction to the growth of the gene expression market. Several clinical centers are extensively making use of genomic data to create personalized and targeted treatment by integrating genomic data into clinical workflows. Researchers discover that high-profile examples of the value of analysis of gene expression raises awareness among doctors and patients. Discovery of greater correlation between genetics and disease risk will result in the unification of data and the reduction of data gap. The unified information can be used relevantly to help in treatment as the researchers would be able to make informed decisions faster. The severity of the disease would be limited as the treatment planning for genetic disorders can be started at an early stage.
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Competitive landscape and key vendors
The gene expression market is highly competitive due to the presence of several international and regional vendors competing by employing several competitive strategies and increasing investments in R&D. The vendors in the market are increasingly focusing on innovative product launches and M&A to attain a competitive advantage over the other players in the microarray data analysis market. Product innovation and technological advancements aid the vendors to attract end-users as they offer high-quality affordable products.
The leading vendors in the market are -
Agilent Technologies
Bio-Rad Laboratories
F. Hoffmann-La Roche
Thermo Fisher Scientific
The other prominent vendors in the market are Fluidigm, GE Healthcare Dharmacon, Illumina, Interpace Diagnostics, Miltenyi Biotec, New England BioLabs, OriGene Technologies, Oxford Nanopore Technologies, PerkinElmer, Phalanx Biotech Group, Promega, QIAGEN, and Zyagen.
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Segmentation by type and analysis of the Digital Map market
Consumables
Instruments
Gene expression study extensively makes use of several consumables such as chips, reagents, and labelling kits that are integral to confirm that the genes of interest that have been expressed are correct and the extent of which the genes have been expressed matches with the scope of the study. The demand for consumables is also influenced by factors such as high customizability, reusability, and lower price.
Segmentation by application and analysis of the gene expression market
Drug discovery
Diagnostics
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