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(MoneyNewsWire.Net, May 29, 2018 ) The Europe Gene Expression Analysis Market was worth USD 0.98 Billion in 2016 and is projected to grow at a CAGR of 9.1%, to reach USD 1.52 Billion by 2021. Each gene consists of instructions for the synthesis of a particular protein. The process in which those instructions are carried out to produce a protein is called gene expression. The properties of that gene expression result in the observable traits in the organism.
Gene expression is studied using a number of techniques and methods such as Northern blotting and DNA microarrays. Recent techniques such as serial analysis of gene expression allow researchers to study multiple expression patterns simultaneously. The flow of instructions from DNA to RNA can be manipulated to change the quality and quantity of the synthesized proteins. This is called regulation of gene expression and is important in registering how much protein is produced by a cell.
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Increasing number of chronic diseases such as cancer genetic disorders, increase in research on gene therapy to apply in diagnostics and treatment, government initiatives in genome sequencing and drug development are the major factors driving the market. However, lack of sufficient number of professionals and high cost of gene expression analysis instruments are inhibiting the growth rate of market.
The Europe 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.
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Based on geography, the Europe gene expression analysis market is segmented into UK, Germany, France, Spain and Italy. Europe is the second largest market only next to North America. It is due to the increasing adoption of gene therapy and rising popularity for gene expression analysis in this region.
Some of the major companies operating in the gene expression analysis market are GE Healthcare, Thermo Fisher Scientific, Inc., Life Technologies, Agilent Technologies, QIAGEN N.V., Bio-Rad Laboratories, Roche, PerkinElmer, Affymetrix, Illumina, Inc., Oxford Gene Technology, and Luminex Corporation.
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