Global Epigenetics Market Projected to be Worth USD 3.0 Billion by 2028
The Global Epigenetics Market is projected to grow from USD 0.8 Billion in to USD 3.0 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 13.1% during forecast period of 2022-2028. Epigenetics is a series of genes that involve the study of cellular and biological variations initiated by external or natural factors, which activate and deactivate genes and affect the cell's ability to read genes without being affected by genotype mutations. Epigenetics results in a change in the phenotype of an organism rather than a genotype, in which the sequence of DNA or lower RNA remains unchanged.
Epigenetic mutations are important for development as they evolve with respect to natural motives. However, these changes can be permanent and can be passed on from one generation to the next. Biology and genetic expression of many living things are influenced by Epigenetics, making it one of the most important fields of genetic development and molecular biology. The Epigenetics Market is expected to prove significant market growth during the forecast period, due to the increase in cancer, increased Research and Development (R&D) funding, increased relationships between educational companies, pharmaceutical and biotechnology in Epigenetics studies, and increased applications. Epigenetics in non-oncology diseases greatly influences market growth. Worldwide, the number of people diagnosed with cancer has increased dramatically. Epigenetic mutations such as dysregulation of DNA methylation are associated with cancer development and progression. Epigenetics offers new opportunities to discover therapies designed to reverse cancer progression. Numerous cancer research using Epigenetics techniques are ongoing. The increasing spread of cancer will drive Epigenetics research focusing on this condition.
The tools required for Epigenetics research are expensive as they are equipped with advanced features and functionality. Additionally, care and a few other indirect costs, such as samples and materials, further increase the cost of ownership. Pharmaceutical companies and research laboratories need many such programs. Therefore, significant investment is needed to acquire more expensive genomic tools. End users such as educational research laboratories find it difficult to pay for such systems as they have a limited budget. Therefore, the high cost of the tool hinders their broad acquisition, which is expected to limit market growth during forecasting.
The Epigenetics Market is divided on the basis of product into enzymes, kits & assays, metals, and reagents. The product component of the kit and assays occupy the largest share in the Epigenetics Market, due to its simple use, demand across the protocol, and other necessary steps for DNA analysis. Other factors such as increased aging rates, increased incidence of chronic diseases, and increased acceptance of epigenetic processes increase the demand for epigenetic kits, which drive the market growth. In addition, the development of improved epigenetic processes and an increase in the number of strategic developments by key players is expected to provide many opportunities in the future.
Epigenetics Market has been studied in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region presents significant opportunities for key players working in the Epigenetics Market, due to growing Epigenetics awareness, development of the R&D industry, and increased influx of key players in North America. In addition, the increasing use of Epigenetics for various applications has led to rapid industrial development.
Prominent players in the Epigenetics Market include Illumina (US), Thermo Fisher Scientific (US), Merck Millipore (US), Abcam (UK), Active Motif (US), Bio-Rad Laboratories (US), New England Biolabs (US), Agilent (US), QIAGEN (Netherlands), Zymo Research (US), PerkinElmer (US), and Diagenode (Belgium) are the major companies operating in Epigenetics Market..
Browse the full Report - Epigenetics Market by Product (Instruments, Reagents & Kits, Others), by Application (Oncology, Autoimmune Diseases, Metabolic Diseases, CNS/Pain Diseases), by Technology (Methylation, Acetylation, Phosphorylation, Other Technologies), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)