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Increasing Health Awareness to Hike the Gene Expression Analysis Market
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The global Gene Expression Analysis Market is estimated to have a value of USD 3.77 billion in 2016. With a CAGR of 9.5%, the market size is expected to grow rapidly to cross USD 5.93 billion by 2021. Availability of funding, growing variety of cancer patients, robust specialize in analysis, and decreasing price of sequencing is driving growth in this market. Moreover, inflated specialize in personalized medicines Associate in Nursing space for penetration in rising nations is predicted to form an array of opportunities for players within the Gene Expression Analysis Market
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Identification of molecular pathways of drug response to pathological process has leveraged the drug development and sickness modeling sections. Use of cistron identification studies for the event of novel medicine has conjointly inflated attributable to the resultant reduction in turnaround and price related to a lot of economic results. Rapid diagnostic tests to these systems are offered for diseases with symptoms that are either difficult or create ambiguity with different diseases.
The decline in the price of genetic sequencing over past decade has enabled its adoption in clinical applications. Introduction of the accurate medication initiative has accelerated adoption of advanced technological tools in medication and similar aid initiatives are anticipated to produce profitable revenues for growth.
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North America accounted for the biggest share of the Gene Expression Analysis Market, followed by Europe and Asia. Asia-Pacific is predicted to grow at the quickest rate throughout the forecast period. Growth in this region will be attributed to redoubled analysis activities on agriculture, government intervention to boost attention, and rising quality of organic phenomenon tests.
The major market contributors for the global Gene Expression Analysis Market are Thermo Fisher Scientific, Inc., GE Healthcare, QIAGEN N.V., Life Technologies, Agilent Technologies, Roche, PerkinElmer, Affymetrix, Illumina, Inc., Bio-Rad Laboratories, Oxford Gene Technology, and Luminex Corporation.
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