The global gene amplification technologies market size will grow by USD 1.30 billion during 2019-2023. This market report provides a detailed analysis of the market by application (medical and pharmaceutical, forensic and identity testing, agricultural and food safety, and others) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including Abbott Laboratories, Agilent Technologies Inc., bioMérieux SA, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., QIAGEN Group, Siemens Healthineers AG, and Thermo Fisher Scientific Inc.
Key Insights on Gene Amplification Technologies Market - Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of on gene amplification technologies market
Industry Overview
Advances in tumor gene sequencing have resulted in the development of targeted cancer therapies. Targeted gene therapies have been proven to have reduced side-effects compared with traditional chemotherapy. The DNA sequencing approach, for tumor analysis, offers cost-effective, high-sensitivity, and high-throughput genetic profiling to patients. Targeted capturing in DNA sequencing is primarily performed using enrichment through gene amplification technologies such as multiplexed PCR. As a result, the adoption of gene amplification technologies in targeted cancer therapies has increased substantially, driving market growth.
Reference laboratories are increasingly using gene amplification products such as kits and assays to cater to the augmenting need for genetic testing services. This is one of the key gene amplification technologies market trends that will gain traction over the forecast period. The rising popularity of relationship testing services such as ancestry and paternity testing has increased the adoption of consumer genetics services. The rising prevalence of hereditary diseases has also increased the need for identifying disease risks among individuals with a family history of genetic disorders. These factors have increased the use of gene amplification kits in direct-to-customer testing. Such factors will drive gene amplification technologies market growth at a CAGR of over 9% during 2019-2023.
Top Companies in Gene Amplification Technologies Market
The global market is moderately fragmented. To help clients improve their market positions, this gene amplification technologies market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This gene amplification technologies market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies in creating strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several companies, including:
- Abbott Laboratories
- Agilent Technologies Inc.
- bioMérieux SA
- Bio-Rad Laboratories Inc.
- F. Hoffmann-La Roche Ltd.
- Merck KGaA
- PerkinElmer Inc.
- QIAGEN Group
- Siemens Healthineers AG
- Thermo Fisher Scientific Inc.
Market Segmentation
Gene Amplification Technologies Market by Application
- Medical and pharmaceutical
- Forensic and identity testing
- Agricultural and food safety
- Others
The medical and pharmaceutical segment held the largest market share in 2018 and will account for the highest gene amplification technologies market share over the forecast period. The rising prevalence of genetic and infectious conditions and the growing need for drug discovery will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the gene amplification technologies market size.
Gene Amplification Technologies by Region
- Asia
- Europe
- North America
- ROW
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the gene amplification technologies market throughout the forecast period. Factors such as growing genomic research, increasing demand for gene amplification assays in the quantitative studies of GM crops in the US, Canada, and Mexico, and the presence of many vendors are contributing to the gene amplification technologies industry growth in this region.
Major Highlights of the Gene Amplification Technologies Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the gene amplification technologies market during the next five years
- Precise estimation of the global gene amplification technologies market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the gene amplification technologies industry Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of gene amplification technologies companies
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