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Global Gene Panel Market to reach USD 7.25 billion by 2028.

Global Gene Panel Market to reach USD 7.25 billion by 2028.

Product Code: HLSB-90634993
Publish Date: 23-03-2022
Page: 200

Global Gene Panel Market is valued approximately USD 2.12 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.20% over the forecast period 2022-2028.

A gene panel is a type of test that is performed to analyze various forms of genes at once for cancer-related mutations. Gene panels present a middle ground among sequencing a single gene such as BRCA1 that is encompassed in disease risk and sequencing every gene in the genome. The rising prevalence of different types of cancer such as ovaries cancer, breast cancer, fallopian tubes, and incidences of other chronic diseases, an increasing number of company initiatives for the development of the gene panel, growing awareness regarding the availability and benefits of gene panels are the primary factors that are surging the market demand across the globe. For instance, as per International Agency for Research on Cancer, in 2018, there were around 9.5 million cancer deaths occurred and 17.0 million new cancer cases globally. Also, the amount is projected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths by 2040. However, issues associated with the security of genetic data and accuracy and standardization concerns in diagnostic testing impede the growth of the market over the forecast period of 2022-2028. Also, government initiatives in population sequencing and increasing opportunities in the emerging market are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Gene Panel market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing research on cancer and inherited rare diseases and the presence of leading NGS providers in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as government support for genomics research, as well as high incidences of cancer and other chronic diseases, would create lucrative growth prospects for the Gene Panel market across the Asia-Pacific region.
Major market players included in this report are:
Illumina, Inc.
BGI Group
Agilent Technologies Inc.
Eurofins Scientific Inc.
QIAGEN Company
Novogene Corporation
Thermo Fisher Scientific Inc.
F. Hoffmann-La Roche AG
Integrated DNA Technologies (IDT) Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
Other Applications
By End User:
Research and Academic Institutes
Hospital and Diagnostic Laboratories
Pharmaceutical and Biotechnology Companies
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Gene Panel Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Gene Panel Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Gene Panel Market, by Product & Service, 2020-2028 (USD Billion)
1.2.3. Global Gene Panel Market, by Technique, 2020-2028 (USD Billion)
1.2.4. Global Gene Panel Market, by Design, 2020-2028 (USD Billion)
1.2.5. Global Gene Panel Market, by Application, 2020-2028 (USD Billion)
1.2.6. Global Gene Panel Market, by End User, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Gene Panel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Gene Panel Market Dynamics
3.1. Gene Panel Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing incidences of chronic diseases Growing awareness regarding the benefits of gene panels
3.1.2. Market Challenges Issues associated to the security of genetic data Accuracy and standardization concerns in diagnostic testing
3.1.3. Market Opportunities Government initiatives in population sequencing Increasing opportunities in emerging markets
Chapter 4. Global Gene Panel Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Gene Panel Market, by Product & Service
6.1. Market Snapshot
6.2. Global Gene Panel Market by Product & Service, Performance – Potential Analysis
6.3. Global Gene Panel Market Estimates & Forecasts by Product & Service 2019-2028 (USD Billion)
6.4. Gene Panel Market, Sub Segment Analysis
6.4.1. Test Kits
6.4.2. Testing Services
Chapter 7. Global Gene Panel Market, by Technique
7.1. Market Snapshot
7.2. Global Gene Panel Market by Technique, Performance – Potential Analysis
7.3. Global Gene Panel Market Estimates & Forecasts by Technique 2019-2028 (USD Billion)
7.4. Gene Panel Market, Sub Segment Analysis
7.4.1. Amplicon-based Approach
7.4.2. Hybridization-based Approach
Chapter 8. Global Gene Panel Market, by Design
8.1. Market Snapshot
8.2. Global Gene Panel Market by Design, Performance – Potential Analysis
8.3. Global Gene Panel Market Estimates & Forecasts by Design 2019-2028 (USD Billion)
8.4. Gene Panel Market, Sub Segment Analysis
8.4.1. Predesigned Gene Panel
8.4.2. Customized Gene Panel
Chapter 9. Global Gene Panel Market, by Application
9.1. Market Snapshot
9.2. Global Gene Panel Market by Application, Performance – Potential Analysis
9.3. Global Gene Panel Market Estimates & Forecasts by Application 2019-2028 (USD Billion)
9.4. Gene Panel Market, Sub Segment Analysis
9.4.1. Cancer Risk Assessment
9.4.2. Diagnosis of Congenital Diseases
9.4.3. Pharmacogenetics
9.4.4. Other Applications
Chapter 10. Global Gene Panel Market, by End User
10.1. Market Snapshot
10.2. Global Gene Panel Market by End User, Performance – Potential Analysis
10.3. Global Gene Panel Market Estimates & Forecasts by End User 2019-2028 (USD Billion)
10.4. Gene Panel Market, Sub Segment Analysis
10.4.1. Research and Academic Institutes
10.4.2. Hospital and Diagnostic Laboratories
10.4.3. Pharmaceutical and Biotechnology Companies
Chapter 11. Global Gene Panel Market, Regional Analysis
11.1. Gene Panel Market, Regional Market Snapshot
11.2. North America Gene Panel Market
11.2.1. U.S. Gene Panel Market Product & Service estimates & forecasts, 2019-2028 Technique estimates & forecasts, 2019-2028 Design estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028 End User estimates & forecasts, 2019-2028
11.2.2. Canada Gene Panel Market
11.3. Europe Gene Panel Market Snapshot
11.3.1. U.K. Gene Panel Market
11.3.2. Germany Gene Panel Market
11.3.3. France Gene Panel Market
11.3.4. Spain Gene Panel Market
11.3.5. Italy Gene Panel Market
11.3.6. Rest of Europe Gene Panel Market
11.4. Asia-Pacific Gene Panel Market Snapshot
11.4.1. China Gene Panel Market
11.4.2. India Gene Panel Market
11.4.3. Japan Gene Panel Market
11.4.4. Australia Gene Panel Market
11.4.5. South Korea Gene Panel Market
11.4.6. Rest of Asia Pacific Gene Panel Market
11.5. Latin America Gene Panel Market Snapshot
11.5.1. Brazil Gene Panel Market
11.5.2. Mexico Gene Panel Market
11.6. Rest of The World Gene Panel Market
Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Illumina, Inc. Key Information Overview Financial (Subject to Data Availability) Product & Service Summary Recent Developments
12.2.2. BGI Group
12.2.3. Agilent Technologies Inc.
12.2.4. Eurofins Scientific Inc.
12.2.5. QIAGEN Company
12.2.6. GENEWIZ, Inc.
12.2.7. Novogene Corporation
12.2.8. Thermo Fisher Scientific Inc.
12.2.9. F. Hoffmann-La Roche AG
12.2.10. Integrated DNA Technologies (IDT) Inc.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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