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(MoneyNewsWire.Net, April 25, 2018 ) The North America Gene Expression Analysis Market was worth USD 1.43 Billion in 2016 and is projected to grow at a CAGR of 8.5%, to reach USD 2.15 Billion by 2021. DNA of cell contains a lot of information regarding the traits exhibited by that cell. The process in which the information present in the gene is decoded with the use of different types of RNAs to produce a functional product such as protein is called Gene Expression.
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Gene expression analysis helps us to measure the extent to which a gene is being expressed and the reasons triggering the gene to be expressed. This study can be applied in drug development to design drugs which can regulate or enhance a gene expression if required. Gene therapy is used to treat some hereditary diseases and diseases caused by mutations.
Growing cancer population, increase in recognition for gene profiling tests and increasing investments on targeted drug development are the major factors driving the growth of the market. Latest technologies which help in increasing the pace of research are also expected to drive the market. Huge price of instruments for gene expression analysis and lack of required infrastructure are the major factors hindering the growth rate of market.
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The North America gene expression analysis market is segregated on the basis of Consumables, Technology, Applications, Services and region. On the basis of Consumables, the market is segregated into DNA chips and Reagents. On the basis of Technology, the market is segregated into Polymerase Chain Reaction (PCR), Next Generation Sequencing, DNA Microarray, Serial Analysis of Gene Expression and Northern Blotting. SAGE segment is expected to be the fastest growing segment as it is one of the latest techniques that help in analyzing thousands of DNA transcripts at a time. On the basis of Applications, the market is segregated into Research, Drug discovery, diagnostics and other applications. Research holds the largest market share in this segment. Drug discovery and diagnostics are rapidly growing segments owing to the increasing focus on precision medicine. On the basis of Services, the market is segregated into gene expression profiling and bioinformatics solutions. The gene expression profiling services is again segregated into sequencing services and other services. Gene expression profiling holds the largest market share due to the rising number of gene expression analysis tests.
The North America region for gene expression analysis market is segmented into USA and Canada regions. USA dominates the market in this region due to the increasing popularity for gene therapy and decrease in costs of gene sequencing.
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Key Players in the gene expression analysis market are Thermo Fisher Scientific, Inc., Agilent Technologies, Life Technologies, GE Healthcare, Illumina, QIAGEN N.V., Roche, Oxford Gene Technology, PerkinElmer, Affymetrix, Inc., Bio-Rad Laboratories, and Luminex Corporation.
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