Gene expression analysis provides information about the use of gene in synthesis of functional gene products like protein, transfer RNA, ribosomal RNA, and small nuclear RNA. This process of analyzing gene expressions is emerging out as one of the groundbreaking technologies in the biotechnology and drug discovery industries. Since last decade, advanced technologies and methodologies are being developed with dedicated focus on improved efficiency of sequencing and profiling on gene expression. Global gene expression analysis market is largely driven by these revolutionary innovations and increasing use from biotechnology, drug discovery, and biomedical research industries.
Scope of Research
The instruments, services and consumables in the global gene expression analysis market are segmented into different types of technologies, products, applications and geography. The technology segment includes DNA microarrays, next generation sequencing, real-time PCR and other technologies. Products in the industry include DNA chips, reagents, bioinformatics solutions, gene expression profiling services, data analysis software and others. Applications segment ranges to diagnostics, biomarkers, drug discovery, academic research, and others. Geographically, the market is categorized into North America, Asia, Europe and rest of the world.
Drivers and Forecasting
Sequencing and profiling of gene expressions helps researchers to track the exact functions of different genes and their influence on the diseases and formulations of human body. Hence, gene expression analysis plays a vital role in the classification of diseases and their impact on different body cells. As a result, there is rise in the use of this technology across toxicogenomics, pharmacogenomics, biomarkers, diagnostics, and various drug delivery technologies. The research and development activities across developing and developed countries are also contributing towards strong growth of the market.
Over the past few years, the technology of gene expression analysis has shown significant growth. This growth has proved to be vital for the diagnosis and treatment of various fatal diseases like cancer, Parkinson’s Alzheimer’s and others. Technological advancements in the gene expression analysis market have proved to be vital for the current trends. According to the researchers, the industry is expected to witness more growth in terms of evolution of advanced methodologies and adoption across different parts of the world. This will cause positive influence on the overall growth rate of the industry.
From 2013 to 2018, the gene expression analysis market is estimated to grow at a projected CAGR of over 10%. At this rate, it will reach past $4.3 billion by 2018. Increasing interest, gene expression research and development activities and drug discovery are some of the reasons for the current trend in the industry.