Richmond, Jan. 17, 2024 (GLOBE NEWSWIRE) -- According to a research report "Epigenetics Market”, by Method (DNA Methylation, Histone modification, Non-coding RNA, Others), Technique (Chromatin Immunoprecipitation, Methylation-sensitive restriction enzymes, Fluorescent in situ hybridization, Bisulfite sequencing, Nanopore sequencing, others), End-User (Hospitals And Clinics, Pharmaceutical Companies, Biopharmaceutical Companies, Academic And Research Institutions, Others) and Region - Global Forecast to 2030.
Global Epigenetics Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 1.9 Billion |
| Market size value in 2030 | USD 5.6 Billion |
| CAGR (2023-2030) | 14.4% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Offering, Component, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
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| Sample of Companies Covered |
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TOC Covers in Depth & Breath on Epigenetics Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The Global Epigenetics market occupies a huge role in the healthcare industry. This market segment includes a diverse range of techniques, including Chromatin Immunoprecipitation, Methylation-sensitive restriction enzymes, Fluorescent in situ hybridization, Bisulfite sequencing, and Nanopore sequencing. Growing awareness of its essential function in understanding gene regulation and genetic alterations that happen without modifications to the underlying DNA sequence, the discipline of epigenetics has experienced significant growth in the global market. The market for epigenetics includes a wide range of goods and services, such as sequencing technology, epigenetic medicines, and instruments for analyzing DNA methylation and histone modification. Innovative epigenetic solutions are in high demand due to growing applications in drug development, personalized medicine, and cancer research. The competitive landscape of the market can be observed by major competitors focusing on strategic alliances, product launches, and innovations in technology in order to obtain a competitive advantage. It is expected that the prevalence of complicated disorders will continue to rise, as will the demand for focused treatment approaches based on epigenetic insights. It is expected that the market's rise would be increased by the rising prevalence of complex disorders and the growing need for focused therapeutic involvements based on epigenetic insights.
Major Vendors in the Global Epigenetics Market:
- Bio-Rad Laboratories, Inc
- Abcam plc
- Abnova Corporation
- Absolute Antibody
- Active Motif, Inc
- Bio-Rad Laboratories, Inc
- BPS Bioscience, Inc.
- Chroma Medicine Eisai Inc.
- EpigenTek Group Inc
- F. Hoffmann-La Roche
- Illumina, Inc.
- Innomics Inc.
- Merck KGaA
- Novartis AG
- Promega Corporation
- QIAGEN
- Syndax Pharmaceuticals
- ValiRx PLC
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Rising Incidence Of Cancer And Developmental Abnormalities
One of the primary drivers for the epigenetic market is the rising incidence of cancer and developmental abnormalities. In cancer, the components of epigenetic machinery include DNA methylation, Histone modification, and Non-coding RNA. Cancer epigenetics is rapidly growing due to the recent advancements in the field of epigenetics. The rising incidences of cancer and developmental disorders are driving a substantial increase in the epigenetic market. The medical community has paid particular focus to the complex association that exists between epigenetic alterations and the onset and progression of different types of cancer. DNA methylation, histone modification, and non-coding RNA expression are examples of epigenetic changes that are crucial in controlling gene expression patterns, and their dysregulation is frequently linked to the emergence of cancer. Furthermore, the need for epigenetic therapeutics and diagnostic tools has been further increased by a growing number of developmental abnormalities, including congenital diseases and neurodevelopmental disorders. With the growing understanding of epigenetic mechanisms, personalized medical approaches that utilize epigenetic data for accurate diagnosis, prognostication, and treatment interventions are becoming more and more important.
Market Dynamics
Drivers:
- Rising Incidence Of Cancer And Developmental Abnormalities
- Increasing Use Of CRISPR In Epigenetic Editing
- Growing Applications In Drug Development
- Increasing Investment In Research And Development
Opportunities:
- Innovations In Technology
- In Research And Development Exercises Increase In External Funding
- Increasing Demand For Personalize Medicine
Increasing Demand For Personalize Medicine
The epigenetic market experiences significant growth due to a rising demand for personalized medicine. The increasing understanding of epigenetic processes provides a significant opportunity to reform healthcare by customizing medical interventions based on individual genetic characteristics. Epigenetics, which involves modifications in gene expression without altering the DNA sequence, offers a unique opportunity for precision medicine. The capability to understand and influence epigenetic markers empowers healthcare providers to formulate targeted therapies that consider the specific molecular features of each patient. This personalized approach holds great potential for more efficient and effective treatments, minimizing adverse effects and enhancing overall patient outcomes. The demand for personalized medicine is strengthened by advancements in genomic technologies, allowing for thorough analysis of an individual's epigenetic profile. This not only facilitates early and precise diagnosis but also opens opportunities for developing therapeutics with improved efficacy and reduced side effects. The intersection of expanding knowledge in epigenetics and the increasing preference for personalized medical solutions place the epigenetic market at the lead in healthcare. This is characterized by treatments personalized to the unique genetic composition of each patient, optimizing the potential for improved health and well-being.
North America dominates the market for global Epigenitics.
North America stands out as the dominating region in the global Epigenetics Market. Due to a high incidence of chronic illnesses, substantial investments in research and development, and an advanced healthcare infrastructure, the epigenetic industry in North America is expanding rapidly. The established biotechnology and pharmaceutical industries in the area are aggressively advancing epigenetic research and technology. The market is expanding due to important reasons such as the increasing need for personalized medication and the growing awareness among patients and healthcare professionals about the importance of epigenetics in diseases like cancer. The growth possibilities for the epigenetic market in North America are further enhanced by initiatives from the government and an effective regulatory environment.
Asia-Pacific, and specifically India, is emerging as a key player with substantial growth potential in the Epigenetics Market. The epigenetic market is experiencing a significant upswing in the Asia Pacific area due to increased healthcare investments, a growing prevalence of chronic diseases, and growing awareness of personalized treatment. Driving the way in these advancements are nations like China, Japan, and India, which are investing more in and conducting more research on genomes and epigenetics. The market has the potential to grow because of the region's diversified population and high frequency of several cancers. Furthermore, the growing epigenetic market in the Asia Pacific is attributed to efforts to promote personalized medicine and improvements in healthcare infrastructure.
The DNA methylation Segments is anticipated to hold the Largest Market Share during the Forecast Period
DNA methylation is one of the key segments of the epigenetic market that plays a major role in the knowledge and development of personalized medicine. DNA methylation is the process by which methyl groups are added to the DNA molecule, changing the patterns of gene expression. This component is essential to the regulation of epigenetics and is a major marker for a number of illnesses, such as cancer and developmental abnormalities. DNA methylation stands out as a useful method for detecting certain epigenetic alterations related to specific health profiles, particularly as the need for specific medication increases. Targeted therapy development is made possible by the ability to study and interpret DNA methylation patterns, which also helps in the early and correct identification of disease. The focus that has been given to this area of the epigenetic market shows the revolutionary nature that this segment has the potential to be in terms of diagnosis and treatment strategies, opening up the possibilities to more individualized and accurate medical interventions based on each patient's unique epigenetic signature.
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