NEW YORK, July 18, 2022 /PRNewswire/ -- As per Zion Market
Research study, The global epigenetics market was
valued at around $ 0.9 billion and is
expected to grow at a CAGR of 14.65% by 2028 and generate a revenue
of over $3 billion during the
forecast period.
Epigenetics Market: Overview
Epigenetics refers to the study of the modification of genes
influenced by our behavior and the corresponding environment.
Unlike actual genetic changes, epigenetic modifications can be
reversed and do not involve any change in the DNA sequence,
however, they can affect the way our body reads a given DNA
sequence. Epigenetic changes are related to the diet, lifestyle, or
exercise routine of an individual which makes it easier to find the
connection between the environment or behavior and genes.
Genetic changes affect the production of proteins whereas
epigenetic changes directly impact gene expression between either
turning it off or on. There are three main types of epigenetics.
First is DNA methylation which works by the addition of a chemical
group to the DNA at specific places, thus blocking the
DNA-attaching protein to read the gene. The second is histone
modification, where DNA is wrapped around histones, a type of
protein. This DNA failed to get read by proteins. The third kind of
epigenetic modification is the non-coding RNA where coding RNA is
attached to non-coding RNA which causes it to break thus preventing
protein production.
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Key Industry Insights & Finding of the Epigenetics Market
Reports:
- As per the analysis shared by our research analyst, the
Epigenetics Market is expected to grow annually at a CAGR of around
14.65 % (2022-2028).
- Through the primary research, it was established that the
Epigenetics Market was valued approximately USD 0.9
Billion in 2021 and is projected to reach to roughly USD
3 Billion by 2028.
- North America has managed to
have a share of more than 30% of the global epigenetics market in
the last few years and may dominate the global market in the coming
years as well owing to the increased interest of the government in
epigenetics research and the subsequent funding.
- Asia-Pacific may also generate
high revenues in the global market because of the rising population
along with the increasing number of cancer patients in the
region.
- The medical sector of region like India, China,
Singapore, and others have
witnessed high growth which may aid regional growth. Europe has also been showing steady signs of
growth majorly due to the growing number of accurate cancer
diagnoses and treatments.
- As per reports submitted by Globocan in 2020, over 10 million
patients were added to the already existing list of cancer patients
along with 1 million cancer-related deaths in 2020 itself.
Zion Market Research published the latest report titled as
"Global Epigenetics Market By End User (Pharmaceutical &
Biotechnology Companies, Academic & Research Institutes, and
Contract Research Organizations), By Product (Reagents, Kits,
Instruments, and Enzymes), By Application (Non-Oncology and
Oncology), and By Region - Global and Regional Industry Overview,
Market Intelligence, Comprehensive Analysis, Historical Data, and
Forecasts 2022 – 2028." into their research database.
Industry Dynamics:
Epigenetics Market: Growth Drivers
- Growth in the number of cancer patients to propel global
market growth.
The global epigenetics market growth may be attributed to the
rise in the number of cancer patients globally. As per reports
submitted by Globocan in 2020, over 10 million patients were added
to the already existing list of cancer patients along with 1
million cancer-related deaths in 2020 itself. Drugs that are
created with the help of epigenetics are able to work extensively
and efficiently for certain types of cancers thus aiding
cost-reduction and providing affordable cancer treatments. The
global market growth is also driven by the adoption of advanced
technologies in the epigenetics sector since assays based on
epigenetics are more useful than conventional microarrays because
of beneficial qualities of epigenetics like lower concentration of
the sample being used as input. There is a rise in the R&D of
DNA sequencing because of the growing interest in the healthcare
industry related to genome-based projects. This is aided by funds
received from government agencies as well as the private sector
since genome study can aid advancements in the development of the
healthcare sector and understand human reaction to medications, or
other aspects with more clarity which may propel global market
expansion in the coming years.
Epigenetics Market: Restraints
- Standardization concerns to restrict the global market
growth.
The data generated through epigenetic tests are highly sensitive
and drugs required for epigenetic-based diseases can be developed
with the help of specific biomarkers. However, since many of the
current manufacturers of tools used in epigenetics are unable to
create standardized biomarkers, the global market growth may get
restricted during the forecast period.
The tools used for epigenetic tests are expensive. They mostly
lie in the range of a few million dollars making them unaffordable
for many small to medium-scale consumers which are expected to
restrain the global market expansion since even though the
technologies are extremely useful they increase the overall cost of
the facility massively creating reluctance amongst
end-con.
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Epigenetics Market: Opportunities
- Adoption of advanced technology to provide global market
growth opportunities.
Some of the major technologies used in epigenetic processes are
histone modifications & DNA methylation. Enzymes like histone
methyltransferases & HDCAs can cause histone modification and
their inhibitors act as excellent biomarkers used extensively for
research of drugs for epigenetics disorders. There is significant
growth in the number of R&D activities carried out by many
private and government agencies for the development of therapeutic
drugs which is expected to provide lucrative growth opportunities
in the global epigenetics market.
Epigenetics Market: Challenges
- Lack of skilled professionals to challenge the global market
expansion.
Epigenetics require highly skilled professionals to operate the
complex system as well to correctly read the related data. There is
a significant gap between the number of skilled professionals
required and the actual number of professionals currently employed
which may create challenges in the global market expansion which
may also be coupled with the absence of lucrative medical
reimbursement policies in under-developed nations causing the
global market to lose a large section of potential consumers.
Global Epigenetics Market: Segmentation
- The global epigenetics market is segmented by end-user,
product, application, and region.
By end-user, the global market segments are pharmaceutical &
biotechnological companies, academic & research institutes, and
contract research organizations. The global market was dominated by
the pharmaceutical & biotechnological companies in 2021 and may
follow the same trend during the projection period owing to
increased R&D activities in genetics and towards the
development of disease-specific treatments coupled with analysis of
drug resistance in microorganisms and molecular studies of cancer
& other disorders.
By product, the global market is segmented into reagents, kits,
instruments, and enzymes. Reagents like histone & DNA modified
are most frequently used whereas PCR, antibodies, and
electrophoresis reagents are most commonly utilized epigenetic
reagents. PyroMarket Q24 uses pyrosequencing chemistry and is able
to deliver the most efficient form of detection in real-time.
By application, the global market is divided into non-oncology
and oncology. In 2021, the highest revenue was generated through
applications in the oncology segment because of an increased number
of cancer-related cases. Epimutations play a pivot role in cancer
etiology and are being heavily researched as of current times.
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List of Key Players of Epigenetics Market:
- Hologic Inc.
- Agilent Technologies Inc.
- Merck Millipore
- PerkinElmer Inc.
- QIAGEN N.V.
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Abcam Plc.
- Zymo Research
- Active Motif Inc.
Key questions answered in this report:
- What are the growth rate forecast and market size for
Epigenetics Market?
- What are the key driving factors propelling the Epigenetics
Market forward?
- What are the most important companies in the Epigenetics Market
Industry?
- What segments does the Epigenetics Market cover?
- How can I receive a free copy of the Epigenetics Market sample
report and company profiles?
Report Scope:
Report
Attribute
|
Details
|
Market size value in
2021
|
USD 0.9
Billion
|
Revenue forecast in
2028
|
USD
3 Billion
|
Growth
Rate
|
CAGR of almost 14.65
% 2022-2028
|
Base
Year
|
2020
|
Historic
Years
|
2016 –
2021
|
Forecast
Years
|
2022 –
2028
|
Segments
Covered
|
By Product Type, By
Application, and By End Use
|
Forecast
Units
|
Value (USD Billion),
and Volume (Units)
|
Quantitative
Units
|
Revenue in USD
million/billion and CAGR from 2022 to 2028
|
Regions
Covered
|
North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa, and Rest
of World
|
Countries
Covered
|
U.S., Canada, Mexico,
U.K., Germany, France, Italy, Spain, China, India, Japan, South
Korea, Brazil, Argentina, GCC Countries, and South Africa, among
others
|
Companies
Covered
|
Hologic Inc., Agilent
Technologies, Inc., Merck Millipore, PerkinElmer, Inc., QIAGEN
N.V., Illumina Inc., Thermo Fisher Scientific Inc., Abcam Plc.,
Zymo Research, and Active Motif, Inc.
|
Report
Coverage
|
Market growth drivers,
restraints, opportunities, Porter's five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, market
attractiveness analysis by segments and region, company market
share analysis, and COVID-19 impact analysis.
|
Customization
Scope
|
Avail customized
purchase options to meet your exact research needs.
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|
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Recent Developments
- In December 2021, Lonza and
Agilent Technologies formed a partnership. Lonza is a leading
manufacturer of cell and gene therapy. The partnership aims to
bring drastic changes in the way customized cell therapies are
created and used.
- In June 2021, Microba Life
Sciences and Illumina entered a partnership with the intention to
aid researchers with their inventions. The partnership will allow
for Microba's extremely high-quality gut microbiome analysis
platform and Illumina's NGS tools to be able to create accurate
metagenomic data.
Regional Dominance:
- North America to lead the
global market during the forecast period.
North America has managed to
have a share of more than 30% of the global epigenetics market in
the last few years and may dominate the global market in the coming
years as well owing to the increased interest of the government in
epigenetics research and the subsequent funding. Advanced
diagnostic centers in regions like the USA and Canada are expected to aid regional growth
along with state-of-the-art medical infrastructure.
Asia-Pacific may also generate
high revenues in the global market because of the rising population
along with the increasing number of cancer patients in the region.
The medical sector of region like India, China,
Singapore, and others have
witnessed high growth which may aid regional growth. Europe has also been showing steady signs of
growth majorly due to the growing number of accurate cancer
diagnoses and treatments.
Global Epigenetics Market is segmented as follows:
Epigenetics Market: By End-User Outlook (2022-2028)
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Contract Research Organizations
Epigenetics Market: By Product Outlook (2022-2028)
- Reagents
- Kits
- Instruments
- Enzymes
Epigenetics Market: By Application Outlook
(2022-2028)
Epigenetics Market: By Region Outlook (2022-2028)
North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East &
Africa
- GCC
- South Africa
- Rest of Middle East &
Africa
Press Release For Epigenetics Market:
https://www.zionmarketresearch.com/news/global-epigenetics-market
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