According to the report, the global epigenetics market was pegged at $555 million in 2016 and is expected to reach $1,321 million by 2023, registering a CAGR of 13.1% from 2017 to 2023. The report is titled as “Epigenetics Market by Product [Enzymes (DNA Ligases, DNA Polymerases, Other DNA-modifying Enzymes), Kits & Assays (Bisulfite Conversion Kits, Chip-Seq Kits, Deep Sequencing Kits, Methyltransferase Assays, Histone Assays, Immunoprecipitation Kits), Instruments (Mass Spectrometers, Next-generation Sequencers, qPCRs, and Sonicators), and Reagents (Antibodies, Buffers, Histones, Magnetic Beads, Primers, and Other Epigenetics Reagents)], Application (Oncology and Non-oncology Diseases, Developmental Biology, Drug Discovery, and Others), and End User [Academic & Research Institutes, Pharmaceutical Companies, Biotechnology Companies, and Contract Research Organizations (CROs)] – Global Opportunity Analysis and Industry Forecast, 2017-2023.”
The report reveals the market size, top pocket investments, segmentation, and key market stratagems that are currently dominating the market. It also shares information about the leading players operating in the market.
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The prime factors that have driven the growth of the global epigenetics market include cancer prevalence; upgraded funding & aids for R&D activities, surge in partnership among academic, pharmaceutical, and biotechnology companies, and increased application of epigenetics in non-oncology diseases. On the other hand, high cost of instruments and lack of trained professionals have happened to hinder the growth to some extent. Nevertheless, untapped potential of emerging markets have created lucrative opportunities in the segment.
The report emphasizes on the various segments of global epigenetics market. The market is segmented into product, application, end-user and geography. Based on product, the market is divided into enzymes, kits & assays, instruments and reagents. The report splits the application segment into oncology and non-oncology. The end-user division is fragmented into Academic & Research Institutes, Pharmaceutical Companies, Biotechnology Companies, and Contract Research Organizations (CROs). The market is then analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA).
Based on product, the kit & assays segment is expected to grow at the highest CAGR from 2017 to 2023. By application, the oncology segment is expected to witness the highest growth rate during the forecast period. Based on end-user, the academic & government research institutes segment held the highest market share in 2016, and is anticipated to be dominant till 2023.
The forerunners in the epigenetics market are expanding the scope of their business operations by incorporating inventive products in their product portfolios. The report includes a detailed competitive analysis of the key market players and they include Illumina, QIAGEN N.V., Abcam plc., New England Biolabs, Inc., Zymo Research Corporation, Sigma-Aldrich Corporation, Merck & Co., Active Motif. Diagenode, Inc., and Thermo Fisher Scientific, Inc.
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