Epigenetics Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2030
As per Market Industry Reports (MIR) research findings, increasing application of epigenetics in personalized medicine, disease diagnosis and targeted therapies offers significant prospects for market growth.
The global epigenetics market is largely governed by prominent players such as 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 other.
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Growth opportunities in the global epigenetics market looks promising for the coming years. Rising prevalence of cancer, funding for epigenetics research, decreasing sequencing costs and expanding applications of epigenetics in complex diseases and chronic disorders are factors driving the epigenetics market.
Technological advancements and rising applications for improving disease diagnosis have also played a key role in shaping the growth of epigenetics market. Kits and reagents are widely used in various epigenetic techniques owing to growing number of research on genetics and prevalence of infectious diseases. However, high cost of instruments that are used for epigenetics research may restrain the market to a certain extent.
“Companies are increasing their RandD investment for development of innovative genomic techniques. These techniques increase applications of epigenetics in oncology, immunology and metabolic diseases in order to tighten the grip on the market” said Nisha, Senior Analyst, Healthcare at MIR.
By Product Type
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- Reagents and Kits
- Epigenetics Services
- Developmental Biology
- Cardiovascular Diseases
- Metabolic Diseases
- Other Application
From a regional perspective, Asia-Pacific is expected to witness highest CAGR in in the market and the growth is mostly centered in China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries and government support are driving the growth of the epigenetics market in this region. North America commands the largest share of the epigenetics market followed by Europe and Asia-Pacific. The large share of the North American region can be attributed to factors such as prevalence of infectious diseases, highly developed RandD activities and presence of private and public funding.
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