The global epigenetics market was valued at over US$ 800.0 Mn. in 2017 and is anticipated to grow at a CAGR of 13.0% from 2019 to 2030.
The growth of this market can be attributed to the factors such as, the reducing prices of DNA sequencing, technological advancements, increasing incidences of cancer worldwide and growing investments and funding by both government and private establishments. University and business collaboration has been a major trend in the epigenetics market scenario. Extensive number of collaborations has been initiated to promote development of new instruments, studies and other research. For instance, The Institute of Cancer Research, London entered into collaboration with Merck, to initiate independent research programs, for discovery & development of new types of cancer therapeutics.
Epigenetics Market Prominent Players:
The prominent players in the global epigenetics market are Agilent Technologies, Thermo Fisher Scientific, Illumina, QIAGEN N.V., PerkinElmer, Merck KGaA, Abcam plc. , Active Motif, Bio-Rad Laboratories, Inc. , New England Biolabs and, Zymo Research among others.
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Increasing incidences of cancer to propel the market growth
The utilization of epigenetics provides accurate and deeper knowledge regarding molecular basis of individual tumors, thereby providing a better, efficient and long lasting therapeutic option in the field of oncology. According to Cancer Research UK, the number of cancer cases reported worldwide in the year 2018, was approximately around 17 million. It is further projected that within the period 2018-2040, the total incidence rate of worldwide cancer will increment by 62%. The growing incidences of cancer are anticipated to present a lucrative growth opportunity for the global epigenetics market in the coming years.
The growth of this market can be attributed to the factors such as, the reducing prices of DNA sequencing, technological advancements, increasing incidences of cancer worldwide and growing investments and funding by both government and private establishments. University and business collaboration has been a major trend in the epigenetics market scenario. Extensive number of collaborations has been initiated to promote development of new instruments, studies and other research. For instance, The Institute of Cancer Research, London entered into collaboration with Merck, to initiate independent research programs, for discovery & development of new types of cancer therapeutics.
Market Overview:
By Product
Introduction, Kits, Reagents, Enzymes, Instruments, Services
By Technology
Introduction & Definition, DNA methylation, Histone Modifications, Other Technologies
By Application
Introduction, Oncology, Developmental Biology, Cardiovascular Diseases, Metabolic Diseases, Immunology, Other Application
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Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing growth of the R&D infrastructure, continuously growing economy, and increasing burden of cancer is anticipated to present a lucrative growth scenario for the epigenetics market in this region. Furthermore, increasing R&D expenditures in the region is expected to present an attractive growth prospect for the market in the coming years.
Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecast Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Epidemiological Assessment: Chronic Respiratory Diseases
- Key Product Assessment
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