Gene Prediction Tools Market
PUBLISHED: 2024 ID: SMRC24808
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Gene Prediction Tools Market

Gene Prediction Tools Market Forecasts to 2030 - Global Analysis By Component (Software and Service), Application, End User and By Geography

4.3 (61 reviews)
4.3 (61 reviews)
Published: 2024 ID: SMRC24808

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $127.3 BN

Projected Year Value (2030)

US $464.1 BN

CAGR (2023 - 2030)

20.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Gene Prediction Tools Market is accounted for $127.3 billion in 2023 and is expected to reach $464.1 billion by 2030 growing at a CAGR of 20.3% during the forecast period. Gene prediction tools are computational algorithms used to identify and annotate potential protein-coding regions within DNA sequences. They analyze genetic sequences, employing statistical models, hidden Markov models, or machine learning techniques to predict the locations of genes, coding regions, exon-intron boundaries, and regulatory elements. These tools aid in understanding genetic structures, facilitating gene annotation, functional analysis, and genome annotation in various organisms, contributing significantly to genomics and molecular biology research.

According to Briefings in Bioinformatics in 2021, a program called TSSFinder was used to describe the promoter sequences from Eukaryotic species. The initial transcription start site (TSS) prediction approach that uses a probabilistic model based on linear chain conditional random fields (LCCRFs) is TSSFinder, which was originally disclosed in the literature.

Market Dynamics: 

Driver: 

Rising demand for personalized medicines

The increasing demand for personalized medicine has been a driving force in the advancement of gene prediction tools. These tools utilize genetic information to predict an individual's likelihood of developing certain diseases, their response to particular medications, and potential adverse reactions. Gene prediction tools analyze an individual's genetic data to identify variations associated with diseases or drug metabolism, aiding in customizing treatment plans.

Restraint:

Data quality and complexity

Gene prediction tools face challenges with data quality due to variations in genome sequences, leading to errors in predictions. The complexity of gene structures, including alternative splicing and overlapping genes, adds intricacy, affecting accuracy. Moreover, the vast amount of available genomic data poses computational challenges, requiring robust algorithms to handle diverse genomic features. Consequently, limitations in data quality and complexities hinder precise gene predictions, impacting biological interpretations and downstream analyses.

Opportunity:

Growing adoption of bioinformatics

Bioinformatics plays a pivotal role in advancing gene prediction tools, driving their widespread adoption. Leveraging computational algorithms and biological data, bioinformatics enables accurate gene identification, annotation, and functional analysis. Its integration optimizes predictive models, employing sequence analysis, machine learning, and statistical methods to decipher genetic codes. The growing reliance on bioinformatics ensures enhanced precision, scalability, and accessibility of Gene Prediction Tools in various biological research domains.

Threat:

Stringent regulatory approval process

The stringent regulatory approval process for gene prediction tools poses several disadvantages. It often leads to prolonged development timelines, delaying crucial innovations in genetic research and clinical applications. High regulatory barriers limit accessibility and affordability, impeding smaller research groups or companies from contributing novel solutions. Additionally, these stringent processes may stifle innovation by favouring established tools, hindering the emergence of potentially more effective or groundbreaking technologies.

Covid-19 Impact: 

Gene prediction tools played a crucial role in identifying viral genes, mutations, and functional components. These tools were used by researchers to evaluate the safety and efficacy of possible vaccine candidates in addition to identifying them. However, as the epidemic spread, numerous research projects unrelated to COVID-19 had to be cancelled or postponed due to resource reallocation, lockdowns, and disruptions in research activity. Consequently, there was a deceleration in the acceptance and application of gene prediction instruments in research domains other than COVID-19.

The software segment is expected to be the largest during the forecast period

The software segment is expected to be the largest during the forecast period. These tools utilize sophisticated algorithms to analyze genomic data, accurately predicting gene locations, structures, and functions. Key players in this market offer user-friendly interfaces, ensuring accessibility for researchers and clinicians. The software's ability to enhance precision in gene prediction significantly contributes to advancements in genomics research and personalized medicine, driving the market's expansion. As genomic data continues to grow, the demand for efficient and reliable gene prediction tools is expected to further propel market growth.

The diagnostics segment is expected to have the highest CAGR during the forecast period

The diagnostics segment is expected to have the highest CAGR during the forecast period. These tools play a crucial role in identifying genetic variations associated with diseases, aiding in personalized medicine. The demand for accurate and efficient diagnostic solutions has spurred innovation in gene prediction tools, creating a competitive market landscape. Key players are focusing on improving diagnostic accuracy, expanding applications, and enhancing user-friendly interfaces, contributing to the overall growth and evolution of the market.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Growing interest and investment in genetic research, particularly in fields like personalized medicine, cancer research, and agriculture, have increased the demand for sophisticated gene prediction tools. Biotech and pharmaceutical companies in the region are investing heavily in research and development related to gene editing, therapeutics, and diagnostics, further propelling the market growth.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Several factors were contributing to this expansion, including increased research and development activities in genomics, rising investments in biotechnology and pharmaceutical sectors, and growing awareness about personalized medicine. Countries were key contributors to this market due to their substantial investments in life sciences research. These nations had vibrant biotechnology industries and academic institutions conducting extensive genomic research.

Key players in the market

Some of the key players in Gene Prediction Tools market include AZoLifeSciences, Illumina, Inc., BGI Genomics, Geneious, Thermo Fisher Scientific, Inc., Genscript, Exiqon, Softberry Technologies, Qiagen NV, National Human Genome Research Institute, New England Biolabs, ERS Genomics, Horizon Discovery Ltd., Sangamo Therapeutics, Takara Bio Inc.  and Merck KGaA.

Key Developments:

In June 2023, Illumina, Inc. disclosed the AI software for predicting disease-causing genetic mutations in patients. Through this, the company has enhanced its product portfolio and revenue growth.

In March 2022, Illumina, Inc. announced the launch of TruSigh Oncology (TSO) Comprehensive (EU). It is an examination that assesses various tumor of a patient's malignancy.

Components Covered:
• Software
• Service

Applications Covered:
• Diagnostics
• Medical Research
• Drug Discovery & Designing
• Other Applications 

End Users Covered:
• Hospitals & Clinics
• Biotechnology Companies
• Academic Institutes & Research Centers
• Life Science Technology Vendors
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Application Analysis       
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Gene Prediction Tools Market, By Component     
 5.1 Introduction        
 5.2 Software         
 5.3 Service         
           
6 Global Gene Prediction Tools Market, By Application     
 6.1 Introduction        
 6.2 Diagnostics        
 6.3 Medical Research        
 6.4 Drug Discovery & Designing       
 6.5 Other Applications        
           
7 Global Gene Prediction Tools Market, By End User      
 7.1 Introduction        
 7.2 Hospitals & Clinics        
 7.3 Biotechnology Companies       
 7.4 Academic Institutes & Research Centers      
 7.5 Life Science Technology Vendors      
 7.7 Other End Users         
           
8 Global Gene Prediction Tools Market, By Geography     
 8.1 Introduction        
 8.2 North America        
  8.2.1 US        
  8.2.2 Canada        
  8.2.3 Mexico        
 8.3 Europe         
  8.3.1 Germany        
  8.3.2 UK        
  8.3.3 Italy        
  8.3.4 France        
  8.3.5 Spain        
  8.3.6 Rest of Europe       
 8.4 Asia Pacific        
  8.4.1 Japan        
  8.4.2 China        
  8.4.3 India        
  8.4.4 Australia        
  8.4.5 New Zealand       
  8.4.6 South Korea       
  8.4.7 Rest of Asia Pacific       
 8.5 South America        
  8.5.1 Argentina       
  8.5.2 Brazil        
  8.5.3 Chile        
  8.5.4 Rest of South America      
 8.6 Middle East & Africa       
  8.6.1 Saudi Arabia       
  8.6.2 UAE        
  8.6.3 Qatar        
  8.6.4 South Africa       
  8.6.5 Rest of Middle East & Africa      
           
9 Key Developments         
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 9.2 Acquisitions & Mergers       
 9.3 New Product Launch       
 9.4 Expansions        
 9.5 Other Key Strategies       
           
10 Company Profiling         
 10.1 AZoLifeSciences        
 10.2 Illumina, Inc.        
 10.3 BGI Genomics        
 10.4 Geneious         
 10.5 Thermo Fisher Scientific, Inc.       
 10.6 Genscript         
 10.7 Exiqon         
 10.8 Softberry Technologies       
 10.9 Qiagen NV        
 10.10 National Human Genome Research Institute     
 10.11 New England Biolabs       
 10.12 ERS Genomics        
 10.13 Horizon Discovery Ltd.       
 10.14 Sangamo Therapeutics       
 10.15 Takara Bio Inc.         
 10.16 Merck KGaA        
           
List of Tables          
1 Global Gene Prediction Tools Market Outlook, By Region (2021-2030) ($MN)   
2 Global Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN)   
3 Global Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)   
4 Global Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)   
5 Global Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN)   
6 Global Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN)   
7 Global Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN)  
8 Global Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN) 
9 Global Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN)  
10 Global Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)   
11 Global Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)  
12 Global Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN) 
13 Global Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
14 Global Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN) 
15 Global Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN)  
16 North America Gene Prediction Tools Market Outlook, By Country (2021-2030) ($MN)  
17 North America Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN)  
18 North America Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)  
19 North America Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)  
20 North America Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN)  
21 North America Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN)  
22 North America Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN) 
23 North America Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN)
24 North America Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN) 
25 North America Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)  
26 North America Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN) 
27 North America Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN) 
28 North America Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
29 North America Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN)
30 North America Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN) 
31 Europe Gene Prediction Tools Market Outlook, By Country (2021-2030) ($MN)   
32 Europe Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN)   
33 Europe Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)   
34 Europe Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)   
35 Europe Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN)   
36 Europe Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN)   
37 Europe Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN)  
38 Europe Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN) 
39 Europe Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN)  
40 Europe Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)   
41 Europe Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)  
42 Europe Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN) 
43 Europe Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
44 Europe Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN) 
45 Europe Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN)  
46 Asia Pacific Gene Prediction Tools Market Outlook, By Country (2021-2030) ($MN)   
47 Asia Pacific Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN)  
48 Asia Pacific Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)   
49 Asia Pacific Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)   
50 Asia Pacific Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN)  
51 Asia Pacific Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN)  
52 Asia Pacific Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN)  
53 Asia Pacific Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN) 
54 Asia Pacific Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN)  
55 Asia Pacific Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)   
56 Asia Pacific Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)  
57 Asia Pacific Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN) 
58 Asia Pacific Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
59 Asia Pacific Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN)
60 Asia Pacific Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN)  
61 South America Gene Prediction Tools Market Outlook, By Country (2021-2030) ($MN)  
62 South America Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN)  
63 South America Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)  
64 South America Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)  
65 South America Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN)  
66 South America Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN)  
67 South America Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN) 
68 South America Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN)
69 South America Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN) 
70 South America Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)  
71 South America Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN) 
72 South America Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN) 
73 South America Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
74 South America Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN)
75 South America Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN) 
76 Middle East & Africa Gene Prediction Tools Market Outlook, By Country (2021-2030) ($MN)  
77 Middle East & Africa Gene Prediction Tools Market Outlook, By Component (2021-2030) ($MN) 
78 Middle East & Africa Gene Prediction Tools Market Outlook, By Software (2021-2030) ($MN)  
79 Middle East & Africa Gene Prediction Tools Market Outlook, By Service (2021-2030) ($MN)  
80 Middle East & Africa Gene Prediction Tools Market Outlook, By Application (2021-2030) ($MN) 
81 Middle East & Africa Gene Prediction Tools Market Outlook, By Diagnostics (2021-2030) ($MN) 
82 Middle East & Africa Gene Prediction Tools Market Outlook, By Medical Research (2021-2030) ($MN) 
83 Middle East & Africa Gene Prediction Tools Market Outlook, By Drug Discovery & Designing (2021-2030) ($MN)
84 Middle East & Africa Gene Prediction Tools Market Outlook, By Other Applications (2021-2030) ($MN) 
85 Middle East & Africa Gene Prediction Tools Market Outlook, By End User (2021-2030) ($MN)  
86 Middle East & Africa Gene Prediction Tools Market Outlook, By Hospitals & Clinics (2021-2030) ($MN) 
87 Middle East & Africa Gene Prediction Tools Market Outlook, By Biotechnology Companies (2021-2030) ($MN)
88 Middle East & Africa Gene Prediction Tools Market Outlook, By Academic Institutes & Research Centers (2021-2030) ($MN)
89 Middle East & Africa Gene Prediction Tools Market Outlook, By Life Science Technology Vendors (2021-2030) ($MN)
90 Middle East & Africa Gene Prediction Tools Market Outlook, By Other End Users  (2021-2030) ($MN) 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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