DUBLIN--(BUSINESS WIRE)--Jun 5, 2018--The "Gene Panel Market by Product & Service, Technique (Amplicon, Hybridization), Design (Predesign, Custom), App (Cancer, Congenital Disease, Pharmacogenetics) & End User (Hospital, Research Center, Pharmaceutical Companies) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global gene panels market is expected to reach USD 2.95 Billion by 2023 from USD 1.22 Billion in 2018, at a CAGR of 19.2%.

The growth of this market is mainly driven by the increasing prevalence of chronic diseases, growing company initiatives, and rising adoption of gene panels owing to the benefits they offer.

Based on products & services, the market is segmented into test kits and testing services. In 2018, the test kits segment accounted for the largest share of the total market. The growing demand for gene panels in research as well as diagnostics to understand the genetic variability of chronic disorders is propelling the growth of this market segment.

Based on design, the gene panels market is segmented into predesigned and customized panels. The customized gene panels segment is expected grow at the highest CAGR during the forecast period. This growth is attributed to the evolving needs of the emerging therapeutic and diagnostic application sectors and the increasing number of clinical and preclinical research studies.

Based on applications, the gene panels market is segmented into cancer risk assessment, diagnosis of congenital diseases, pharmacogenetics, and other applications. The cancer risk assessment segment is expected to be the fastest growing during the forecast period due to the increasing incidence of cancer and growing demand for gene panels in research and diagnostics to understand the genetic variability of cancer.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Gene Panels Market, By Product & Service

7 Gene Panels Market, By Technique

8 Gene Panels Market, By Design

9 Gene Panels Market, By Application

10 Gene Panels Market, By End-user

11 Gene Panels Market, By Region

12 Competitive Landscape

13 Company Profiles

Illumina, Inc. Thermo Fisher Scientific Inc. Agilent Qiagen Eurofins Scientific SE BGI F. Hoffmann-La Roche AG Integrated Dna Technologies Genewiz, Inc. Novogene Corporation Personalis, Inc. GATC Biotech AG Archerdx

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Related Topics:Genomics

KEYWORD:

INDUSTRY KEYWORD: HEALTH GENETICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/05/2018 06:22 AM/DISC: 06/05/2018 06:22 AM

http://www.businesswire.com/news/home/20180605005838/en