Overview of Gene Panel Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Global Gene Panel Market size is estimated to grow at a CAGR of around 14.2% from 2024-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

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What are the key drivers influencing the growth of the Gene Panel market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

Increasing incidences of Cancer & Genetic Disorders – The increase in the number of cancer and other genetic disorders are the key drivers of the Gene Panel Market. For instance,

• As per Global Cancer Statistics 2024, an estimated 20 million cancer cases were newly diagnosed in 2022 and 9.7 million people died from the disease worldwide. By 2050, the number of cancer cases is predicted to reach around 35 million.

An increase in such cases drives the demand for genetic tests that can identify specific mutations and guide some targeted treatment or therapy. Additionally, an increase in awareness against genetic disorders fuels the need for gene panels for early diagnosis and management if found some symptoms. Multi-genes panels focus on a wide range of genetic conditions simultaneously hence finding the disorder in no time. Moreover, as gene panels diagnose only a specific set of genes instead of all genes inside the body, they save time as well as cost hence increasing their demand and ultimately augmenting the revenue growth of the gene panel industry globally.

How is the Gene Panel market segmented and what are the key factors within each segment?

The Gene Panel market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

By Product & Service

• Test Kits- Market Size & Forecast 2019-2030, USD Million
• Testing Services- Market Size & Forecast 2019-2030, USD Million

By Technique

• Amplicon Based Approach- Market Size & Forecast 2019-2030, USD Million
• Hybridization Based Approach- Market Size & Forecast 2019-2030, USD Million

By Design

• Predesigned Gene Panel- Market Size & Forecast 2019-2030, USD Million
• Customized Gene Panel- Market Size & Forecast 2019-2030, USD Million

By Application

• Cancer Risk Assessment- Market Size & Forecast 2019-2030, USD Million
• Diagnosis of Congenital Diseases- Market Size & Forecast 2019-2030, USD Million
• Pharmacogenetics- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

By End User

• Academic & Research Institutes- Market Size & Forecast 2019-2030, USD Million
• Hospital & Diagnostic Laboratories- Market Size & Forecast 2019-2030, USD Million
• Pharmaceutical & Biotechnology Companies- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gene-panel-market.html

Who are the Key Market Players in the Gene Panel industry?

The competitive landscape of the Gene Panel market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

• Illumina, Inc.
• Thermo Fisher Scientific Inc.
• Agilent Technologies
• Qiagen Inc.
• Eurofins Scientific Se
• BGI
• Hoffmann-La Roche AG
• Integrated DNA Technologies Inc.
• Genewiz, Inc.
• Novogene Corporation
• Personalis, Inc.
• Gatc Biotech AG
• Archerdx
• Genedx
• Centogene AG

Market Advancement by Leading Companies:

• 2024: Thermo Fisher on the Rise of Next-Generation Sequencing CDx, i.e., NGS-based in vitro diagnosing focusing on traditional Sanger sequencing and the polymerase chain reaction (PCR) methods.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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