According to FutureWise analysis the market for gene panel in 2023 is US$ 2.95 billion, and is expected to reach US$ 12.2 billion by 2031 at a CAGR of 19.42%.
Gene Panel, also known as a gene panel test, is a type of genetic test that analyzes a group of genes associated with a particular disease or condition. It is a targeted approach to genetic testing that allows for the analysis of multiple genes simultaneously, providing a comprehensive view of a patient's genetic profile. Gene panel testing typically involves the use of next-generation sequencing (NGS) technology, which allows for the rapid and efficient analysis of multiple genes. Gene panels can be customized to target specific genes or gene regions based on the disease or condition being tested for. This technique offers an exceptional level of precision and effectiveness in identifying genetic disorders and ailments.
Gene panels are particularly useful for the diagnosis of complex genetic disorders that involve multiple genes or gene regions. For example, cancer gene panels can be used to analyze a group of genes associated with various types of cancer, providing information on genetic mutations and variants that may be contributing to the disease. In addition to diagnosis, gene panels can also be used to guide treatment decisions. For example, in cancer patients, gene panels can identify genetic mutations that may be targeted with specific drugs, allowing for more personalized and effective treatment options. Gene panels have several advantages over other types of genetic tests, such as whole genome sequencing (WGS) or whole exome sequencing (WES). Gene panels are more cost-effective and efficient than WGS or WES since they target specific genes or gene regions. Additionally, gene panels provide more focused and clinically relevant information compared to WGS or WES, which can generate a large amount of data that may not be relevant to the disease or condition being tested for.
FutureWise Market Research has published a report that provides an insightful analysis of Gene Panel Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Gene Panel Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.