Global Epigenetics Market Analysis by Instruments (NGS, spectrometer, PCR, software solutions), Consumables (kit, enzymes, reagent), Application (oncology, developmental biology, drug discovery, cardiology, immunology ), Technology (methylation, histone modification), End Users (academia and research, pharmaceutical and biotechnology industry) – Forecast to 2023
Epigenetics Market Insights
In the latest report published by Market Research Future (MRFR) on the global epigenetics market it states that the market is expected to garner a 12.9 % compound annual growth rate during 2019-2023 and achieve a substantial market size by 2023 end.
Technical advancement, like development of protein, DNA, and RNA modifier enzymes which are helping in reducing the sequencing cost and time. It is also playing a significant role in designing targeted therapy and personalized medicine. The proliferation of the healthcare industry and the presence of reputed biotechnological firm are gaining traction for investment in research and development activities. Governments, across the world, are funding for epigenetics studies involving both cancer and non-oncology disease management. These are the market drivers envisaged to experience high growth in the emerging epigenetics market. On the other side, the major restraint, predicted by MRFR, on the global epigenetics market is the high cost involved in manufacturing, installation, and maintaining the epigenetics instruments.
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Epigenetics Market Key Players
Bio-Rad (US), Illumina (US), QIAGEN (Netherlands), Thermo Fisher (US), Active Motif (US), Diagenode (Belgium), Agilent (US), Merck Millipore (US), Abcam (UK), New England Biolabs (US), PerkinElmer (US), Zymo Research (US) are some important companies listed by MRFR.
Epigenetics Market Segmental Overview
The segmental study of the global epigenetics market by MRFR offers a vivid market scenario. The market study has been segmented by instruments, consumables, applications, technology, and end users.
On the basis of instruments, the global epigenetics market is segmented into NGS, spectrometer, PCR, software solutions, and others.
On the basis of consumables, the global epigenetics market is segmented into kit, enzymes, reagent, and others.
On the basis of application, the global epigenetics market is segmented into oncology, developmental biology, drug discovery, cardiology, immunology, and others.
On the basis of technology, the global epigenetics market is segmented into methylation, histone modification, and others.
On the basis of end users, the market is segmented into academia and research, pharmaceutical and biotechnology industry and others.
Epigenetics Market Regional Analysis
North America, Europe, Asia Pacific Middle East and Africa, and Rest of the World (RoW) are the regions accounted by MRFR for demographic analysis of the epigenetics market.
The North American epigenetics market is anticipated to grow with the highest compound annual growth rate during the forecast period of 2016-2023. The existence of large biotechnology sectors coupled with advanced medical facilities is gaining traction for key players operating in the market to invest in research and development activities. Moreover, an increase in the prevalence of cancer among the population is urging the need for enhanced diagnostic techniques. This is another factor likely to drive the regional market expansion. Programs supporting raise for common funds in the US are expected to create a positive impact on the epigenetic market growth.
Cognizance of early diagnosis, increased investment in clinical research, and rise in disposable income in emerging economies like India and China, in the Asia Pacific region are the components which are predicted to cause epigenetic market growth escalation in the region.
Intensified research and developmental activities in Europe to envisage the regional epigenetic market. Germany, UK, and France are the countries predicted to follow the market size lead, North America. The Middle East and African epigenetic market to exhibit growth lag due to hindrance in the industrialization attributed to the impecunious economy of the regions.
Epigenetics Industry News
April 2019: The merger of Greenwood Diagnostic Laboratories and London Health Sciences Centre resulted in innovating EpiSign. It is a blood test designed to detect epigenetic changes in patients.
To view the full report, visit at https://www.marketresearchfuture.com/reports/epigenetics-market-6161
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