Dallas, TX -- (SBWIRE) -- 02/25/2014 -- Over the years, the gene expression analysis market, comprising of instruments, consumables, and services, has witnessed various technological advancements. These advancements have led to a growth in the number of gene expression applications. Some of the applications using gene expression analysis are pharmacogenomics, diagnostics, toxicogenomics, and biomarkers. However, the high cost of instruments and the need for skilled professionals to operate these highly sophisticated systems are factors that are hindering the market.
The services segment is the fastest-growing segment in the gene expression analysis market. The gene expression analysis services market consists of gene expression profiling, bioinformatics solutions, data analysis software, and others. The gene expression profiling services is further segmented into sequencing services, microarray services, and qPCR services. This segment accounts for the largest share in the services segment. The decreasing cost of sequencing and increasing focus on the discovery of new information has increased the demand for sequencing services.
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In the years to come, the gene expression analysis market is expected to experience the highest growth in the Asian region with emphasis on China, India, and Japan. These countries will serve as new revenue pockets for companies involved in gene expression analysis market. The high growth in these regions can be attributed to the increased involvement of their respective governments, increased funding scenario, and collaborations with established market players. Apart from Asia, countries such as Brazil, Turkey, and South Africa are also projected to have high growth in the gene expression analysis market. The U.S. and Europe are mature gene expression analysis markets. Increasing research in diseases like cancer, Alzheimer’s, and Parkinson’s and focus on gene-related discoveries are expected to propel the demand in these regions. RoW includes regions such as Latin America, Africa, the Middle East, and the Pacific countries. These markets are slated to grow at a steady pace. However, with countries in these regions increasing their focus on research and gaining funds, these regions could be considered as potential high-growth regions.
The global gene expression analysis market witnesses high competitive intensity as there are many big and small firms with similar product offerings. These companies adopt various strategies (innovations, acquisitions, and geographic expansions related to endoscopy products) to increase their market shares and to establish a strong foothold in the global market.
The report extensively covers gene expression analysis instruments, consumables, and services.
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The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios and services offered by the top 10 players in the gene expression analysis market. The report analyzes instruments (by technology), consumables, and services
- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the gene expression analysis market
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for various gene expression analysis products across geographies
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the gene expression analysis market
- Competitive Assessment: In-depth assessment of market shares, strategies, products and services, distribution networks, and manufacturing capabilities of leading players in the gene expression analysis market
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