Gene Expression Market Worth $4.3 Billion by 2018 – New Report by MarketsandMarkets

(PRWEB) May 04, 2014

The Gene Expression Analysis Market by Technology (DNA Microarray, Real-Time PCR, Next Generation Sequencing), Consumables (DNA Chips, Reagents), Services (Gene Profiling, Bioinformatics, Data Analysis Software) & Applications - Global Forecast to 2018, published by MarketsandMarkets, global gene expression analysis market estimated at $2.6 billion in 2013 and is expected to reach $4.3 billion by 2018, growing at a CAGR of 10.4% from 2013 to 2018.

Browse 72 market data tables and 20 figures spread through 227 pages and in-depth TOC on Gene Expression Market http://www.marketsandmarkets.com/Market-Reports/gene-expression-analysis-market-156613968.html

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The Global Gene Expression Analysis Market was valued at $2.6 billion in 2013 and is expected to reach $4.3 billion by 2018, at a CAGR of 10.4% The Global Gene Expression Analysis Market (2013-2018) analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW).

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This report covers the definition, description, and forecast of the global market in terms of instrumentation, consumables, services, and applications. Based on technology, the gene expression analysis instrumentation market comprises DNA microarrays, real-time PCR, next-generation sequencing, and others. The consumables market is categorized into DNA chips and reagents, while the services market is further sub-segmented into gene expression profiling services, bioinformatics solutions, data analysis software, and others.

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The global gene expression analysis market is witnessing a significant growth and will continue to do so in the next five years. The factors contributing to this growth are increased funding scenario worldwide, increased government involvement, developments in research for diseases like cancer, and the use of gene expression in drug discovery and personalized medicine. The Asian region is projected to have the highest growth rate with growth hinged at China, India, and Japan. Apart from Asia, countries such as Turkey, Brazil, and South Africa too have a high projected growth.

Over the years, gene expression analysis has evolved significantly and is widely used for the diagnosis and treatment of various disorders like cancer, Alzheimers, and Parkinsons, among others. In the past few years, the market has witnessed significant technological advancements, as companies have introduced newer sequencing and analysis platforms. This has aided in the diagnosis and treatment of diseases. Increasing number of cancer patients, growth in the number of funding activities, technological advancements, and increased interest in gene expression for research and discovery are the major factors driving the growth of this market. Moreover, various government bodies have extended their help in the form of investments, funds, and grants, which has further stimulated the growth of the market.

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Gene Expression Market Worth $4.3 Billion by 2018 - New Report by MarketsandMarkets