The global epigenetics market was valued at over US$ 800.0 Mn. in 2017 and is expected to grow at a double digit CAGR during the forecasted period.
The Study On Major Key Players in the 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.
The global epigenetics market is driven by technological advancements in the genomics arena, increasing research expenditure in genetics, reduced price of DNA sequencing and incidences of cancer. However, high costs of epigenetic instruments is anticipated to somewhat restrict the lucrative growth of the epigenetics market during the forecast period.
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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.
Budget Constraints among Developing Economies to Restrain the Market
Although costs associated with sequencing of genetic data has come down significantly in recent times. Yet, the current costs for instruments for epigenetic and other genomic study and is one of the major factors affecting the growth of the epigenetics usage among end-users from developing economies. Thereby, price related concerns is anticipated to be limiting the use of epigenetics and restraining the extensive growth of the market during the forecast period
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.
Global Epigenetics Market – Analysis & Forecast, By Product
Global Epigenetics Market – Analysis & Forecast, By Technology
– Reagents & Kits
– Epigenetics Services
Global Epigenetics Market – Analysis & Forecast, By Application
– Developmental Biology
– Cardiovascular Diseases
– Metabolic Diseases
– Other Application
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Key points from TOC
11 COMPANY PROFILES
(Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
11.1 Agilent Technologies
11.2 Thermo Fisher Scientific
11.4 QIAGEN N.V.
11.6 Merck KGaA
11.7 Abcam plc.
11.8 Active Motif
11.9 Bio-Rad Laboratories, Inc.
11.10 New England Biolabs
This Epigenetics market report holds answers to some important questions like:
– What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Epigenetics market during the forecast period?
– What are the future prospects for the Epigenetics industry in the coming years?
– Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2030?
– What are the future prospects of the Epigenetics industry for the forecast period, 2019 to 2030?
– Which countries are expected to grow at the fastest rate?
– Which factors have attributed to an increased sale worldwide?
– What is the present status of competitive development?
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