Epigenetics Market exhibiting CAGR of 12.3% through 2032, owing rising prevalence of cancer | insightSLICE
The estimated value of the worldwide Epigenetics market was US$ 1.2 billion in 2021 and is expected to increase at a CAGR of 12.2% throughout 2032.
The term “epigenetic” describes factors above the genetic sequence. Genes can be turned on or off by epigenetic modifications. DNA sequencing is unaffected by these DNA alterations. The epigenome consists of all DNA alterations that control gene function.
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Genes can be turned on or off by epigenetic modifications, which impacts how much protein is produced by cells. This controls the synthesis of cell proteins. Bone-growth enzymes are not produced by muscles.
The patterns of epigenetic modification differ across individuals, organs, and cells. Contaminants and food both change the epigenome. Cell-to-cell and generational changes in epigenetic makeup are common.
The key players of the Global Epigenetics Market are:
The share of the market held by pharmaceutical and biotechnology businesses in 2021 was above 40%. The research and development work on oncology, genetic underpinnings of malignancy, and drug development for non-oncology uses might be credited with this.
The market would also rise as a result of the expanding genetics research, which is heavily emphasizing personalized care. Merck Millipore, Active Motif Inc., Hologic Inc., Zymo Research, Illumina Inc., Abcam PLC, Agilent Technologies Inc., PerkinElmer Inc., QIAGEN N.V., Thermo Fisher Scientific Inc., and others are significant market participants in the worldwide epigenetics industry.
Driving factors for the growth of Global Epigenetics Market
The proactive actions taken by both new and incumbent competitors are helping the market acquire momentum. Entrepreneurs in the industry are expanding their companies via acquisitions, purchases, and the launch of new goods. All of this intensifies competitiveness between market participants for dominance.
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Due to the large increase in the number of malignant tumors with each passing year, the oncology sector had a sizable share of the revenue in 2021. As cancer incidence and associated mortality increase globally, the segment is expected to grow.
In addition, the market will expand as a result of new product releases and the potential marketing of products that are already in development. Epimutations, which are epigenetic things introduced by epigenetic silencing and hypermethylation, had long been believed to have a role in the development of malignancy.
Numerous research and development efforts are focusing on epimutations, particularly those linked to the suppression of cancer suppressor genes and the development of oncogenes. Contrary to ordinary mutations, epimutations can be reversed in reality.
Global Epigenetics Market Key Segments:
By Product
- Reagents
- Enzymes
- Instruments
- Kits
By Application
- Oncology
- Non Oncology
By End Use
- Academic and Research Institutes
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
Key growth determinants:
The market for epigenetics has been acknowledged across all buyer categories, which has fueled market expansion on a global scale. The market’s existing players make significant investments in R&D efforts to broaden and distinguish their product offerings as well as to gain a strategic lead.
Numerous participants in the epigenetics market ecosystem are already in charge of the market’s sustained expansion on a worldwide scale. This research provides an overview of market composition as well as a clear explanation of the function of the established businesses and local participants.
Our experts predict a revival in demand to start approximately in 2021 because of the COVID-19 epidemic and the anomalies seen in Epigenetics’s world market. Consequently, it is necessary for market participants in these unsettling times to concentrate on retaining customers and developing long-term relationships.
Businesses will be able to keep up with market growth over the next five years by making sensible decisions based on this information.
The key businesses in the overall molecular diagnostics environment have benefited financially from the quick technology advancements and their concurrent acceptance by end customers.
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Both established market-dominating enterprises and new, disruptive ones are playing an important role in the rapid evolution of the diagnostic testing and biotech sectors toward the regularization of epigenetics in healthcare situations.
In order to correct epigenetic and transcriptional aberrations, new techniques have been developed, and attention has recently turned to the research and development of epigenetic drugs. Inflammatory, metabolic, neurological, oncologic, and cardiovascular illnesses are affected by these study goals.
Since many research institutions are looking into epigenetic factors that could obstruct viral illness and reproduction and hence raise the risk of COVID-19 transmission, the global COVID-19 outbreak has had a positive effect on the commercial outlook.
These research initiatives will continue to have a positive impact on the pharmaceutical industry in the decades to come, as will the potential use of the results in the creation of efficient coronavirus therapies.
Regional performance of Epigenetics Market
The epigenetics market in North America had the greatest revenue in 2021.
The existence of existing companies doing epigenetics research and development, the rise in cancer cases, and the expanding use of goods based on cutting-edge molecular techniques from pharmaceutical and biotechnological businesses are all factors that contribute to the region’s supremacy.
Additionally, a strong focus on epigenetics biomarker research, including work on DNA, histones, and non-coding RNA, was anticipated to assist the expansion of the North American market. During the period 2021–2030, the APAC area is anticipated to experience the highest CAGR, exceeding 15%.
The expansion of the APAC market is anticipated to be aided by rising healthcare consciousness, a stable economy that has strengthened the research focus, and extensive utilization of diagnostic kits and assays based on NGS and PCR.
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