Gene Panel Market size worth $ 8.22 Million, Globally, by 2028 at 21.36% CAGR: Verified Market Research®

Increasing numbers of company initiatives across the world coupled with the benefits of gene panels are the major factors that help in fostering the gene panel market. Moreover, increasing adoption of genetic testing, technological advancements such as the Next Generation Sequencing System, and the need for efficient prenatal diagnosis are some other factors fueling the growth of the market.

Boonton, New Jersey, UNITED STATES

Jersey City, New Jersey, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Gene Panel Market” By Technique (Amplicon-Based Approach, Hybridization-Based Approach), By Design (Predesigned Gene Panels, Customized Gene Panels), By Application (Pharmacogenetics, Diagnosis of Congenital Disorders, Cancer Risk Assessment, Others), and By Geography. According to Verified Market Research, the Global Gene Panel Market size was valued at USD 1.70 Billion in 2020 and is projected to reach USD 8.22 Billion by 2028, growing at a CAGR of 21.36% from 2021 to 2028.

Download PDF Brochure:

Browse in-depth TOC onGene Panel Market

202 - Pages

126 – Tables

37 – Figures

Global Gene Panel Market Overview

The gene panels are used in diagnostics and treatments such as; Cancer Risk Assessment, Syndrome-Specific Diagnostics, Disease Penetration, and many other applications. Based on the data published by the World Health organization, in 2020, the chronic disease contribution is expected to rise to 73% of all deaths and 60% of the global burden of disease. Moreover, 79% of the deaths attributed to these diseases occur in developing countries. Four of the most prominent chronic diseases are cardiovascular diseases (CVD), cancer, chronic obstructive pulmonary disease, and diabetes. This will ultimately upsurge the demand for gene panels over the forecasted period. A multi-gene panel test provides better diagnostic yield compared with a limited BRCA1/2 genetic test for patients at risk for hereditary breast cancer. This single reliable test provides more information for women suspected to have hereditary cancer predisposition, particularly for breast and ovarian cancers. Besides this, in a retrospective comparison of multiple genetic tests, there was no difference between the multi-gene panel test and the limited BRCA1/2 test in the detection of potentially harmful BRCA mutations.

Genetic data is the most personal data any individual may have. Also, it is an ultimate unique identifier of all living things. Besides this, the information breaches regarding the same can’t be retrieved since it is not like other websites and banking passwords that can be changed over time. The gene data for each of the living things across the world is unique and cannot be changed throughout a lifetime. This might restrict the usage of gene testing across the healthcare and research & development sector. Since the data is so valuable, there may be an incentive for hackers to target genetic databases in order to acquire data that can be used in financial or identity fraud.

Key Developments in Gene Panel Market

  • Illumina and Kartos Therapeutics Announce New Oncology Partnership to Develop an NGS-Based TP53 Companion Diagnostic. With this partnership, Illumina will expand the TruSight Oncology offerings into hematologic malignancies.
  • F. Hoffmann-La Roche AG has commenced a cash tender offer for all of the outstanding shares of common stock of Gen Mark Diagnostics, Inc. (NASDAQ: GNMK) at a price of $24.05 per share.

The major players in the market are BGI, Genewiz, Inc., Thermo Fisher Scientific Inc., Novogene Corporation, Qiagen, Integrated DNA Technologies, and the rest Others.

Verified Market Research has segmented the Global Gene Panel Market On the basis of Technique, Design, Application, and Geography.

  • Gene Panel Market, By Technique
    • Amplicon-Based Approach
    • Hybridization-Based Approach
  • Gene Panel Market, By Design
    • Predesigned Gene Panels
    • Customized Gene Panels
  • Gene Panel Market, By Application
    • Pharmacogenetics
    • Diagnosis of Congenital Disorders
    • Cancer Risk Assessment
    • Others
  • Gene Panel Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Transplant Diagnostics Market By Technology (Molecular array, Non-molecular array), By Products and Services (Instruments, Reagents, and consumables, Software and services), By End-User (Hospitals and transplants centers, Commercial service providers), By Geography, Forecast, 2021-2028

Hospital Asset Management Market By Product (Radiofrequency Identification (RFID) Devices and Real-time location systems (RTLS)), By Application (Hospital Asset Management and Pharmaceutical Asset Management), By End-User (Hospitals and Clinics, Pharmaceutical Companies), By Geography, Forecast, 2021-2028

Pharmaceutical Manufacturing Software Market By Product (On-premises and Cloud-Based), By Application (Large Enterprises and SMEs), By Geography, Forecast, 2021-2028

Medical Display Market By Display Color(Monochrome Displays, and Color Displays), By Panel Size(Under-22.9-Inch Panels, 23.0–26.9-Inch Panels, 27.0–41.9-Inch Panels), By Technology(LED-Backlit LCD, OLED, and CCFL-Backlit LCD), By Application(Diagnostic Applications, Surgical/Interventional Applications, Dentistry), By Geography, Forecast, 2021-2028

Top 10 next generation sequencing companies changing lives with genome research

Visualize Gene Panel Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.


Contact Data