San Francisco, CA 11/10/2021 :
The Gene Panel market is rapidly growing on the back of the increased number of chronic diseases in recent years. These chronic diseases are closely associated with human genes. Such diseases include stroke, heart attack, cancer, arthritis, and other relative diseases or illnesses. This wide range of diseases is anticipated to boost growth in the gene panel market.
Owing to the rising number of cancer patients, the gene panel market is estimated to grow. Some of the prominent factors responsible for this increased count of cancer patients include unhealthy lifestyles, smoking, and reduced physical activities. So, in order to diagnose and treat cancer, the services from the gene panel market become evident. All these factors are estimated to boost growth in the gene panel market.
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The statistics provided by the World Health Organization about strokes patients are also worth noticing. More than 795,000 people witness strokes every year in the U.S. This massive number of cancer patients is anticipated to fuel growth opportunities in the gene panel market. The gene panels are utilized as the clinical diagnostic tool, so this factor may increase growth avenues in the industry.
Increasing Number of Products Launches May Boost Demand Avenues in Gene Panel Market
The increasing count of product launches incidents may propel growth in the gene panel market. These product launching incidents are predicted to develop demand opportunities in the gene panel market.
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The outbreak of the COVID-19 is anticipated to propel demand opportunities in the gene panel market in the upcoming years. This market growth is due to the increasing need for reliable gene panels. This panel may be used as a diagnostic tool in the medical industry. Further, these gene panels are also used for the detection of comorbid diseases that are related to COVID-19 infection. Thus the increasing application of these tools is anticipated to boost lucrative opportunities in the gene panel market.