Authored By: Sarah
03 Sep 2021

Gene Panel Market: Key Drivers and Segmentation

Synopsis of Growth Drivers with Market Forecast 2021-2025

The Gene Panel Market is projected to post an incremental growth of $ 2.17 bn, at a CAGR of almost 18% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Gene Panel Market: Key Market Drivers

One of the key factors that will drive growth is Growing use of gene panels in cancer-targeted therapies. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Top Drivers for Gene Panel Market Size to Grow by $ 2.17 bn During 2021-2025

Gene Panel Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Gene Panel Market is segmented by Product (Small panel testing and Large panel testing) and Geography (North America, Europe, Asia, and ROW). Request our Free Sample Report

Gene Panel Market: Agilent Technologies Inc., BGI Genomics Co. Ltd., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., GENEWIZ Inc., Invitae Corp., Novogene Corp., Personalis Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. are some of the leading competitors

The market is concentrated, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  Agilent Technologies Inc., BGI Genomics Co. Ltd., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., GENEWIZ Inc., Invitae Corp., Novogene Corp., Personalis Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 18%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.17 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Growing use of gene panels in cancer-targeted therapies will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    44% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Agilent Technologies Inc., BGI Genomics Co. Ltd., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., GENEWIZ Inc., Invitae Corp., Novogene Corp., Personalis Inc., QIAGEN NV, and Thermo Fisher Scientific Inc.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Small panel testing and Large panel testing) and Geography (North America, Europe, Asia, and ROW)

Gene Panel Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the gene panel market and it is expected to grow by $ 2.17 billion, accelerating at a CAGR of almost 18% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Gene Panel Market: Key Trends to impact market growth

The rising use of direct-to-consumer tests is one of the key gene panel market trends. The advent of the direct-to-consumer test is mainly due to the growing demand for genetic testing. Easy access and the increasingly affordable options associated with direct-to-consumer genomic testing have helped the technique gain significant popularity over recent years. Gene panels are also being used to understand the ancestry of users. Direct-to-customer genomic testing provides consumers with autonomy with respect to the identification of risks for genetic diseases and opportunities to maintain the privacy of the genetic test results. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Gene Panel Market: Top Drivers to Boost Demand

The growing use of gene panels in cancer-targeted therapies is one of the primary factors driving the growth of the gene panel market. The market is witnessing an increase in the adoption of NGS-based gene panel tests, and it is becoming a popular choice for cancer care as they examine only clinically important genes and are highly cost-effective.This test allows the possibility of increased control over the treatment of various types of cancer.

44% of the market growth will originate from North America during the forecast period. The US is a key market for gene panels in North America. The presence of advanced healthcare infrastructure and the growing prevalence of various oncology and genetic disorders will facilitate the gene panel market growth in North America over the forecast period. However, the market growth rate in this region will be slower than the growth of the market in Europe.

The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Top Drivers for Gene Panel Market Size to Grow by $ 2.17 bn During 2021-2025

Vendor Analysis: Agilent Technologies Inc., BGI Genomics Co. Ltd. and Eurofins Scientific SE are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Agilent Technologies Inc., BGI Genomics Co. Ltd., Eurofins Scientific SE, F. Hoffmann-La Roche Ltd., GENEWIZ Inc., Invitae Corp., Novogene Corp., Personalis Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. are some of the major market participants.

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Gene Panel Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gene panel market growth during the next five years
  • Precise estimation of the gene panel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gene panel market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gene panel market vendors
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