Gene Panel Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Gene Panel market size is estimated at USD 2,000.5 million in 2020, expanding at a CAGR 23.4% from 2021-2027 to reach 6,900.8 Million USD in 2027.
Market Dynamics
The rising complexity of cancer occurrences in both men and women, as well as the advantages supplied by the genetic panel marketplace to combat cancer, drive industry expansion. Another aspect that contributes to market expansion is the rising effectiveness with which the industry operates. Additional element attributing to the industry's rapid expansion is technological improvement and an increased need for perinatal diagnostics.
The coronavirus outbreak has had an influence on the creation, manufacture, and distribution of medical items, as well as the operations of numerous medical corporations throughout the world. The outbreak has resulted in the shutdown of commercial enterprises, except for those producing vital goods, as well as disruptions in the distribution network of therapeutic goods. The increased occurrences of cardiac illnesses, osteoarthritis, among neurological disorders linked with the COVID-19 virus, on the other hand, are predicted to have a favorable influence on genetic panel industry development, since gene arrays may be utilized to diagnose such illnesses.
Regional Insights
The Gene Panel market is segmented into four regions: Europe, North America, Asia Pacific, and the Rest of the World. Throughout the projected timeline North America held the highest industry position and is expected to increase at the highest CAGR over the predicted timeframe. Customer demand for safe and effective genetic screening is propelling the gene panel business forward. Nevertheless, the increasing need for customized therapy and the increasing use of genetic analysis in cancer are propelling America's gene panel industry forward.
Segment Insights
The Gene Panel market is classified into four categories: Product and Service, Technique, Application, and end-user. Depending on Application, Cancer Risk Assessment had the greatest industry shares and is expected to increase at a rapid CAGR throughout the forecasted timeframe. Individuals identified as having heritable cancer may be subjected to additional testing and assistance in developing preventative and therapy initiatives. The American Culture of Breast Surgeons has announced revised recommendations that require genetic screening for all women with breast cancer in extra to normal imaging screenings to determine inherited risk.
Competitive Insights
The Gene Panel industry is extremely fragmented, with both domestic and foreign competitors present. To maintain competitiveness, key firms in the business participate in planned mergers and acquisitions, partnerships, and innovative product releases. For instance, The GENEWIZ (U.S.) is investing heavily in the gene panel industry r&d in order to maintain its worldwide industry leadership and extend its client base in order to increase sales income.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Gene Panel by Product and Service, region, End-Use, Technique, and Application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Illumina
- Agilent Technologies
- ArcherDx
- BGI
- CENTOGENE AG
- Eurofins Scientific
- F. Hoffmann-La Roche AG
- GATC Biotech AG
- GeneDx Inc.
- GENEWIZ, Inc.
- Illumina
- Integrated DNA Technologies
- Invitae Corporation
- Novogene Corporation
- Personalis
- QIAGEN
- Thermo Fisher Scientific
Product and Service Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Test Kits
- Testing Services
Technique Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Amplicon-based Approach
- Hybridization-based Approach
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Diagnosis of Congenital Diseases
- Cancer Risk Assessment
- Pharmacogenetics
- Others
End-Use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Hospitals
- Diagnostic Laboratories
- Pharmaceutical Companies
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Gene Panel Market Overview
1.1. Product Overview and Scope of Gene Panel
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Gene Panel Market Size Growth Rate Analysis by Product & Services 2020 VS 2027
1.3.1. Test Kits
1.3.2. Testing Services
1.4. Global Gene Panel Consumption Comparison by Technique: 2020 VS 2027
1.4.1. Amplicon-based Approach
1.4.2. Hybridization-based Approach
1.5. Global Gene Panel Consumption Comparison by End-User: 2020 VS 2027
1.5.1. Hospitals
1.5.2. Diagnostic Laboratories
1.5.3. Pharmaceutical Companies
1.5.4. Others
1.6. Global Gene Panel Consumption Comparison by Application: 2020 VS 2027
1.6.1. Diagnosis of Congenital Diseases
1.6.2. Cancer Risk Assessment
1.6.3. Pharmacogenetics
1.6.4. Others
1.7. Global Gene Panel Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.7.1. North America Gene Panel Estimates
1.7.2. Europe Gene Panel Estimates
1.7.3. China Gene Panel Estimates
1.7.4. Japan Gene Panel Estimates
2. Market Competition by Manufacturers
2.1. Global Gene Panel Revenue Market Share by Manufacturers (2020)
2.2. Gene Panel Market Share by Company Product & Services (Tier 1, Tier 2 and Tier 3)
2.3. Global Gene Panel Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Gene Panel Production Sites, Area Served, Product Product & Servicess
2.5. Gene Panel Market Competitive Situation and Trends
2.5.1. Gene Panel Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Gene Panel Consumption by Region (2016-2021)
3.1. Global Gene Panel Consumption by Region
3.2. Global Gene Panel Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Gene Panel Consumption Growth Rate (2016-2021)
3.2.3. North America Gene Panel Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Gene Panel Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Gene Panel Consumption Growth Rate (2016-2021)
3.2.7. Europe Gene Panel Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Gene Panel Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Gene Panel Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Gene Panel Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Gene Panel Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Gene Panel Consumption Growth Rate (2016-2021)
3.2.15. South America Gene Panel Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Gene Panel Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Gene Panel Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Gene Panel Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Gene Panel Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Gene Panel Consumption by Product & Services (2016-2021)
4.1. Global Gene Panel Price by Product & Services (2016-2021)
4.2. Global Gene Panel Revenue Market Share by Product & Services (2016-2021)
4.2.1. Test Kits
4.2.2. Testing Services
5. Global Gene Panel Consumption by Technique (2016-2021)
5.1. Global Gene Panel Price by Technique (2016-2021)
5.2. Global Gene Panel Revenue Market Share by Technique (2016-2021)
5.2.1. Amplicon-based Approach
5.2.2. Hybridization-based Approach
6. Global Gene Panel Consumption by End-User (2016-2021)
6.1. Global Gene Panel Price by End-User (2016-2021)
6.2. Global Gene Panel Revenue Market Share by End-User (2016-2021)
6.2.1. Hospitals
6.2.2. Diagnostic Laboratories
6.2.3. Pharmaceutical Companies
6.2.4. Others
7. Global Gene Panel Consumption by Application (2016-2021)
7.1. Global Gene Panel Price by Application (2016-2021)
7.2. Global Gene Panel Revenue Market Share by Application (2016-2021)
7.2.1. Diagnosis of Congenital Diseases
7.2.2. Cancer Risk Assessment
7.2.3. Pharmacogenetics
7.2.4. Others
8. Key Companies Profiled
8.1. Illumina
8.1.1. Illumina Gene Panel Corporation Information
8.1.2. Illumina Gene Panel Product Portfolio
8.1.3. Illumina Gene Panel Consumption, Price and Gross Margin (2016-2021)
8.1.4. Illumina Main Business and Markets Served
8.1.5. Illumina Recent Developments/Updates
8.2. Agilent Technologies
8.3. ArcherDx
8.4. BGI
8.5. CENTOGENE AG
8.6. Eurofins Scientific
8.7. F. Hoffmann-La Roche AG
8.8. GATC Biotech AG
8.9. GeneDx Inc.
8.10. GENEWIZ, Inc.
8.11. Integrated DNA Technologies
8.12. Invitae Corporation
8.13. Novogene Corporation
8.14. Personalis
8.15. QIAGEN
8.16. Thermo Fisher Scientific
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Gene Panel Distributors List
9.3. Gene Panel Customers
10. Market Dynamics
10.1. Gene Panel Industry Trends
10.2. Gene Panel Growth Drivers
10.3. Gene Panel Market Challenges
10.4. Gene Panel Market Restraints
11. Global Gene Panel Consumption and Demand Forecast, by Region (2022-2027)
11.1. Global Forecasted Demand Analysis of Gene Panel, by Regions and Country
11.1.1. North America Forecasted Consumption of Gene Panel by Country
11.1.2. Europe Market Forecasted Consumption of Gene Panel by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Gene Panel by Region
11.1.4. Latin America Forecasted Consumption of Gene Panel by Country
11.1.5. Middle East and Africa Forecasted Consumption of Gene Panel by Country
12. Global Gene Panel Consumption and Demand Forecast, by Device Segments (2022-2027)
12.1. Global Forecasted Consumption of Gene Panel by Device Segments (2022-2027)
12.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Gene Panel by Device Segments (2022-2027)
13. Research Finding and Conclusion
14. Methodology and Data Source
14.1. Methodology/Research Approach
14.1.1. Research Programs/Product & Services
14.1.2. Market Size Estimation
14.1.3. Market Breakdown and Data Triangulation
14.2. Data Source
14.2.1. Secondary Sources
14.2.2. Primary Sources
14.3. Author List
14.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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