Gene Panel Market Growth Trends, Volume Insights and Outlook 2030

Future of Executive Summary Gene Panel Market: Key Dynamics, Size & Share Analysis

The Global 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. This market is expected to see significant revenue growth driven by an increase in cases of cancer and genetic diseases. Gene panels that test for various gene variations at once for a specific disease are becoming essential for precise medicines. The increase in the number of cancer cases which show 20 million cases diagnosed globally in 2022, depicts the emerging need for Gene Panels for targeted and personalized treatment.

Top Market Challenges Impacting the Gene Panel Market Growth

Lack of Skilled Workforce and Health Awareness – There is a lack of skilled workforce who have the required expertise to smoothly conduct gene panel tests. This results in high costs and ineffective treatment for the patients. Qualified professionals are required for the innovation and implementation of genetic testing solutions. This issue can be addressed by training more people professionally. Some firms are now automating these manufacturing processes.

Understanding the Core Segments in the Gene Panel Market

Gene Panel Market Size, Share & Industry Trends Analysis- By Product & Service (Test Kits, Testing Services), By Technique (Amplicon Based Approach, Hybridization Based Approach), By Design (Predesigned Gene Panel, Customized Gene Panel), By Application (Cancer Risk Assessment, Diagnosis of Congenital Diseases, Pharmacogenetics, Others), By End User (Academic & Research Institutes, Hospital & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies), and Others.

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Geographical Analysis of the Gene Panel Market

North America
South America
Europe
The Middle East and Africa
Asia-Pacific

The North American region holds the largest market share. This is due to the nations' support for genomic research.

Who Dominates the Gene Panel Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

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 and others.

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