The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Gene Panel Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Gene Panel Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, Gene Panel Market size was valued at around USD 3.1 billion in 2023 & is estimated to grow at a CAGR of around 14.2% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in Gene Panel Market Segmentation?

The report has segmented the market into the following categories:

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

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Key Factor Driver Gene Panel Industry Growth by 2030

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.

Who are the Key Players Operating in the Gene Panel Industry?

The top companies of the Gene Panel market ruling the industry are: 

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

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Gene Panel Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Gene Panel industry?
5. Which is the Leading segment in the market?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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