Gene Panel Market Opportunities 2031
MARKET OVERVIEW
A gene panel is a test that is used to analyse multiple genes at once for cancer-associated mutations. The rising prevalence of chronic diseases and increasing technological advancement in diagnostics services and methods are driving the growth of the market. The increasing ongoing research and development in the field of sequencing across also driving the gene panel market.
MARKET SCOPE
The "Global Gene Panel Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Gene Panel market with detailed market segmentation by products & services, technique, design, application, end user and geography. The report provides key statistics on the market status of the leading Gene Panel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on products & services, the global gene panel market is segmented into testing services, and test kits.
- Based on technique, the global gene panel market is segmented into hybridization-based approach, and amplicon-based approach.
- Based on design, the global gene panel market is segmented into customized gene panels, and predesigned gene panels.
- Based on application, the global gene panel market is segmented into cancer risk assessment, diagnosis of congenital disorders, pharmacogenetics, other applications.
- On the basis of end user, the market is segmented into hospitals and diagnostic laboratories, research and academic institutes, and pharmaceutical and biotechnology companies.
MARKET DYNAMICS
Drivers
- Increasing prevalance of chronic diseases
- Increasing demand for genetic testing
- Increasing research and development activities in biotechnology sector
- Increasing government initiatives in population sequencing
Restraints
- Accuracy concerns in diagnostic testing
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Gene Panel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Gene Panel market in these regions.
IMPACT OF COVID-19 ON GENE PANEL MARKET
The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic has left a significant impact on the growth of the genetic testing services. Most of the genetic testing services have adopted virtualization, along with home testing kit/home sample collection to combat the transmission of the COVID-19. However, there was hindrance in accessing genetic testing blood draws leading to decrease in demand of genetic testing. Thus, negatively impacting the demand for gene panel worldwide.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Gene Panel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Gene Panel market in these regions.
IMPACT OF COVID-19 ON GENE PANEL MARKET
The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic has left a significant impact on the growth of the genetic testing services. Most of the genetic testing services have adopted virtualization, along with home testing kit/home sample collection to combat the transmission of the COVID-19. However, there was hindrance in accessing genetic testing blood draws leading to decrease in demand of genetic testing. Thus, negatively impacting the demand for gene panel worldwide.
MARKET PLAYERS
The report covers key developments in the Gene Panel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Gene Panel market are anticipated to lucrative growth opportunities in the future with the rising demand for Gene Panel in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Gene Panel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Agilent
- Qiagen
- Eurofins Scientific
- BGI
- F. Hoffmann-La Roche AG
- Integrated Dna Technologies
- Genewiz, Inc.
- Novogene Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gene Panel Market - By Product and Service
1.3.2 Gene Panel Market - By Technique
1.3.3 Gene Panel Market - By Application
1.3.4 Gene Panel Market - By Design
1.3.5 Gene Panel Market - By End User
1.3.6 Gene Panel Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GENE PANEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GENE PANEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GENE PANEL MARKET - GLOBAL MARKET ANALYSIS
6.1. GENE PANEL - GLOBAL MARKET OVERVIEW
6.2. GENE PANEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. GENE PANEL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT AND SERVICE
7.1. OVERVIEW
7.2. PRODUCT AND SERVICE MARKET FORECASTS AND ANALYSIS
7.3. TESTING SERVICES
7.3.1. Overview
7.3.2. Testing Services Market Forecast and Analysis
7.4. TEST KITS
7.4.1. Overview
7.4.2. Test Kits Market Forecast and Analysis
8. GENE PANEL MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
8.1. OVERVIEW
8.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
8.3. HYBRIDIZATION-BASED APPROACH
8.3.1. Overview
8.3.2. Hybridization-Based Approach Market Forecast and Analysis
8.4. AMPLICON-BASED APPROACH
8.4.1. Overview
8.4.2. Amplicon-Based Approach Market Forecast and Analysis
9. GENE PANEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CANCER RISK ASSESSMENT
9.3.1. Overview
9.3.2. Cancer Risk Assessment Market Forecast and Analysis
9.4. DIAGNOSIS OF CONGENITAL DISORDERS
9.4.1. Overview
9.4.2. Diagnosis of Congenital Disorders Market Forecast and Analysis
9.5. PHARMACOGENETICS
9.5.1. Overview
9.5.2. Pharmacogenetics Market Forecast and Analysis
9.6. OTHER APPLICATIONS
9.6.1. Overview
9.6.2. Other Applications Market Forecast and Analysis
10. GENE PANEL MARKET - REVENUE AND FORECASTS TO 2028 - DESIGN
10.1. OVERVIEW
10.2. DESIGN MARKET FORECASTS AND ANALYSIS
10.3. CUSTOMIZED GENE PANELS
10.3.1. Overview
10.3.2. Customized Gene Panels Market Forecast and Analysis
10.4. PREDESIGNED GENE PANELS
10.4.1. Overview
10.4.2. Predesigned Gene Panels Market Forecast and Analysis
11. GENE PANEL MARKET - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. HOSPITALS AND DIAGNOSTIC LABORATORIES
11.3.1. Overview
11.3.2. Hospitals and Diagnostic Laboratories Market Forecast and Analysis
11.4. RESEARCH AND ACADEMIC INSTITUTES
11.4.1. Overview
11.4.2. Research and Academic Institutes Market Forecast and Analysis
11.5. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
11.5.1. Overview
11.5.2. Pharmaceutical and Biotechnology Companies Market Forecast and Analysis
12. GENE PANEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Gene Panel Market Overview
12.1.2 North America Gene Panel Market Forecasts and Analysis
12.1.3 North America Gene Panel Market Forecasts and Analysis - By Product and Service
12.1.4 North America Gene Panel Market Forecasts and Analysis - By Technique
12.1.5 North America Gene Panel Market Forecasts and Analysis - By Application
12.1.6 North America Gene Panel Market Forecasts and Analysis - By Design
12.1.7 North America Gene Panel Market Forecasts and Analysis - By End User
12.1.8 North America Gene Panel Market Forecasts and Analysis - By Countries
12.1.8.1 United States Gene Panel Market
12.1.8.1.1 United States Gene Panel Market by Product and Service
12.1.8.1.2 United States Gene Panel Market by Technique
12.1.8.1.3 United States Gene Panel Market by Application
12.1.8.1.4 United States Gene Panel Market by Design
12.1.8.1.5 United States Gene Panel Market by End User
12.1.8.2 Canada Gene Panel Market
12.1.8.2.1 Canada Gene Panel Market by Product and Service
12.1.8.2.2 Canada Gene Panel Market by Technique
12.1.8.2.3 Canada Gene Panel Market by Application
12.1.8.2.4 Canada Gene Panel Market by Design
12.1.8.2.5 Canada Gene Panel Market by End User
12.1.8.3 Mexico Gene Panel Market
12.1.8.3.1 Mexico Gene Panel Market by Product and Service
12.1.8.3.2 Mexico Gene Panel Market by Technique
12.1.8.3.3 Mexico Gene Panel Market by Application
12.1.8.3.4 Mexico Gene Panel Market by Design
12.1.8.3.5 Mexico Gene Panel Market by End User
12.2. EUROPE
12.2.1 Europe Gene Panel Market Overview
12.2.2 Europe Gene Panel Market Forecasts and Analysis
12.2.3 Europe Gene Panel Market Forecasts and Analysis - By Product and Service
12.2.4 Europe Gene Panel Market Forecasts and Analysis - By Technique
12.2.5 Europe Gene Panel Market Forecasts and Analysis - By Application
12.2.6 Europe Gene Panel Market Forecasts and Analysis - By Design
12.2.7 Europe Gene Panel Market Forecasts and Analysis - By End User
12.2.8 Europe Gene Panel Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Gene Panel Market
12.2.8.1.1 Germany Gene Panel Market by Product and Service
12.2.8.1.2 Germany Gene Panel Market by Technique
12.2.8.1.3 Germany Gene Panel Market by Application
12.2.8.1.4 Germany Gene Panel Market by Design
12.2.8.1.5 Germany Gene Panel Market by End User
12.2.8.2 France Gene Panel Market
12.2.8.2.1 France Gene Panel Market by Product and Service
12.2.8.2.2 France Gene Panel Market by Technique
12.2.8.2.3 France Gene Panel Market by Application
12.2.8.2.4 France Gene Panel Market by Design
12.2.8.2.5 France Gene Panel Market by End User
12.2.8.3 Italy Gene Panel Market
12.2.8.3.1 Italy Gene Panel Market by Product and Service
12.2.8.3.2 Italy Gene Panel Market by Technique
12.2.8.3.3 Italy Gene Panel Market by Application
12.2.8.3.4 Italy Gene Panel Market by Design
12.2.8.3.5 Italy Gene Panel Market by End User
12.2.8.4 Spain Gene Panel Market
12.2.8.4.1 Spain Gene Panel Market by Product and Service
12.2.8.4.2 Spain Gene Panel Market by Technique
12.2.8.4.3 Spain Gene Panel Market by Application
12.2.8.4.4 Spain Gene Panel Market by Design
12.2.8.4.5 Spain Gene Panel Market by End User
12.2.8.5 United Kingdom Gene Panel Market
12.2.8.5.1 United Kingdom Gene Panel Market by Product and Service
12.2.8.5.2 United Kingdom Gene Panel Market by Technique
12.2.8.5.3 United Kingdom Gene Panel Market by Application
12.2.8.5.4 United Kingdom Gene Panel Market by Design
12.2.8.5.5 United Kingdom Gene Panel Market by End User
12.2.8.6 Rest of Europe Gene Panel Market
12.2.8.6.1 Rest of Europe Gene Panel Market by Product and Service
12.2.8.6.2 Rest of Europe Gene Panel Market by Technique
12.2.8.6.3 Rest of Europe Gene Panel Market by Application
12.2.8.6.4 Rest of Europe Gene Panel Market by Design
12.2.8.6.5 Rest of Europe Gene Panel Market by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Gene Panel Market Overview
12.3.2 Asia-Pacific Gene Panel Market Forecasts and Analysis
12.3.3 Asia-Pacific Gene Panel Market Forecasts and Analysis - By Product and Service
12.3.4 Asia-Pacific Gene Panel Market Forecasts and Analysis - By Technique
12.3.5 Asia-Pacific Gene Panel Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Gene Panel Market Forecasts and Analysis - By Design
12.3.7 Asia-Pacific Gene Panel Market Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Gene Panel Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Gene Panel Market
12.3.8.1.1 Australia Gene Panel Market by Product and Service
12.3.8.1.2 Australia Gene Panel Market by Technique
12.3.8.1.3 Australia Gene Panel Market by Application
12.3.8.1.4 Australia Gene Panel Market by Design
12.3.8.1.5 Australia Gene Panel Market by End User
12.3.8.2 China Gene Panel Market
12.3.8.2.1 China Gene Panel Market by Product and Service
12.3.8.2.2 China Gene Panel Market by Technique
12.3.8.2.3 China Gene Panel Market by Application
12.3.8.2.4 China Gene Panel Market by Design
12.3.8.2.5 China Gene Panel Market by End User
12.3.8.3 India Gene Panel Market
12.3.8.3.1 India Gene Panel Market by Product and Service
12.3.8.3.2 India Gene Panel Market by Technique
12.3.8.3.3 India Gene Panel Market by Application
12.3.8.3.4 India Gene Panel Market by Design
12.3.8.3.5 India Gene Panel Market by End User
12.3.8.4 Japan Gene Panel Market
12.3.8.4.1 Japan Gene Panel Market by Product and Service
12.3.8.4.2 Japan Gene Panel Market by Technique
12.3.8.4.3 Japan Gene Panel Market by Application
12.3.8.4.4 Japan Gene Panel Market by Design
12.3.8.4.5 Japan Gene Panel Market by End User
12.3.8.5 South Korea Gene Panel Market
12.3.8.5.1 South Korea Gene Panel Market by Product and Service
12.3.8.5.2 South Korea Gene Panel Market by Technique
12.3.8.5.3 South Korea Gene Panel Market by Application
12.3.8.5.4 South Korea Gene Panel Market by Design
12.3.8.5.5 South Korea Gene Panel Market by End User
12.3.8.6 Rest of Asia-Pacific Gene Panel Market
12.3.8.6.1 Rest of Asia-Pacific Gene Panel Market by Product and Service
12.3.8.6.2 Rest of Asia-Pacific Gene Panel Market by Technique
12.3.8.6.3 Rest of Asia-Pacific Gene Panel Market by Application
12.3.8.6.4 Rest of Asia-Pacific Gene Panel Market by Design
12.3.8.6.5 Rest of Asia-Pacific Gene Panel Market by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Gene Panel Market Overview
12.4.2 Middle East and Africa Gene Panel Market Forecasts and Analysis
12.4.3 Middle East and Africa Gene Panel Market Forecasts and Analysis - By Product and Service
12.4.4 Middle East and Africa Gene Panel Market Forecasts and Analysis - By Technique
12.4.5 Middle East and Africa Gene Panel Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Gene Panel Market Forecasts and Analysis - By Design
12.4.7 Middle East and Africa Gene Panel Market Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Gene Panel Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Gene Panel Market
12.4.8.1.1 South Africa Gene Panel Market by Product and Service
12.4.8.1.2 South Africa Gene Panel Market by Technique
12.4.8.1.3 South Africa Gene Panel Market by Application
12.4.8.1.4 South Africa Gene Panel Market by Design
12.4.8.1.5 South Africa Gene Panel Market by End User
12.4.8.2 Saudi Arabia Gene Panel Market
12.4.8.2.1 Saudi Arabia Gene Panel Market by Product and Service
12.4.8.2.2 Saudi Arabia Gene Panel Market by Technique
12.4.8.2.3 Saudi Arabia Gene Panel Market by Application
12.4.8.2.4 Saudi Arabia Gene Panel Market by Design
12.4.8.2.5 Saudi Arabia Gene Panel Market by End User
12.4.8.3 U.A.E Gene Panel Market
12.4.8.3.1 U.A.E Gene Panel Market by Product and Service
12.4.8.3.2 U.A.E Gene Panel Market by Technique
12.4.8.3.3 U.A.E Gene Panel Market by Application
12.4.8.3.4 U.A.E Gene Panel Market by Design
12.4.8.3.5 U.A.E Gene Panel Market by End User
12.4.8.4 Rest of Middle East and Africa Gene Panel Market
12.4.8.4.1 Rest of Middle East and Africa Gene Panel Market by Product and Service
12.4.8.4.2 Rest of Middle East and Africa Gene Panel Market by Technique
12.4.8.4.3 Rest of Middle East and Africa Gene Panel Market by Application
12.4.8.4.4 Rest of Middle East and Africa Gene Panel Market by Design
12.4.8.4.5 Rest of Middle East and Africa Gene Panel Market by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Gene Panel Market Overview
12.5.2 South and Central America Gene Panel Market Forecasts and Analysis
12.5.3 South and Central America Gene Panel Market Forecasts and Analysis - By Product and Service
12.5.4 South and Central America Gene Panel Market Forecasts and Analysis - By Technique
12.5.5 South and Central America Gene Panel Market Forecasts and Analysis - By Application
12.5.6 South and Central America Gene Panel Market Forecasts and Analysis - By Design
12.5.7 South and Central America Gene Panel Market Forecasts and Analysis - By End User
12.5.8 South and Central America Gene Panel Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Gene Panel Market
12.5.8.1.1 Brazil Gene Panel Market by Product and Service
12.5.8.1.2 Brazil Gene Panel Market by Technique
12.5.8.1.3 Brazil Gene Panel Market by Application
12.5.8.1.4 Brazil Gene Panel Market by Design
12.5.8.1.5 Brazil Gene Panel Market by End User
12.5.8.2 Argentina Gene Panel Market
12.5.8.2.1 Argentina Gene Panel Market by Product and Service
12.5.8.2.2 Argentina Gene Panel Market by Technique
12.5.8.2.3 Argentina Gene Panel Market by Application
12.5.8.2.4 Argentina Gene Panel Market by Design
12.5.8.2.5 Argentina Gene Panel Market by End User
12.5.8.3 Rest of South and Central America Gene Panel Market
12.5.8.3.1 Rest of South and Central America Gene Panel Market by Product and Service
12.5.8.3.2 Rest of South and Central America Gene Panel Market by Technique
12.5.8.3.3 Rest of South and Central America Gene Panel Market by Application
12.5.8.3.4 Rest of South and Central America Gene Panel Market by Design
12.5.8.3.5 Rest of South and Central America Gene Panel Market by End User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL GENE PANEL MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. GENE PANEL MARKET, KEY COMPANY PROFILES
15.1. ILLUMINA, INC.
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. THERMO FISHER SCIENTIFIC INC.
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. AGILENT
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. QIAGEN
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. EUROFINS SCIENTIFIC
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. BGI
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. F. HOFFMANN-LA ROCHE AG
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. INTEGRATED DNA TECHNOLOGIES
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. GENEWIZ, INC.
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. NOVOGENE CORPORATION
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
The List of Companies
1. Illumina, Inc.
2. Thermo Fisher Scientific Inc.
3. Agilent
4. Qiagen
5. Eurofins Scientific
6. BGI
7. F. Hoffmann-La Roche AG
8. Integrated DNA Technologies
9. Genewiz, Inc.
10. Novogene Corporation
11. ArcherDx
12. GATC Biotech AG
13. Personalis
14. CENTOGENE N.V.
15. Myriad Genetics, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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