Meticulous Research®, a preeminent global market research entity, has unveiled its latest research report, titled 'Epigenetics Market by Offering (Kits, Reagents, Instruments, Software), Method (DNA Methylation, PCR, Chromatin Analysis, Histone, RNA Modification), Application (Oncology, Non-oncology), and End User (Pharma, Academics, Hospitals) – Global Forecast to 2030.' This comprehensive publication projects the global epigenetics market to attain a valuation of $5.47 billion by the year 2030, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 15.7%.
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The surge in chronic diseases due to an aging population, escalating cancer prevalence, increased pharmaceutical Research and Development (R&D) expenditures, a heightened focus on epigenetics in drug discovery and development, and reduced costs associated with genome sequencing collectively propel the market's growth trajectory. However, the dearth of skilled professionals poses a notable constraint to the market's expansion.
The expanding applications of epigenetics in non-oncology diseases, coupled with governmental support for large-scale genomic sequencing initiatives, are anticipated to create favorable growth opportunities for stakeholders. Nevertheless, challenges such as standardization concerns related to epigenetics procedures and limited applications in toxicology present significant obstacles to market progression.
Key Players
Key industry players shaping the global epigenetics market include Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Illumina, Inc. (U.S.), QIAGEN N.V. (Netherlands), and others.
The future outlook of the epigenetics market is segmented by offering (Kits & Reagents, Services, Software), method (DNA Methylation, Histone Modification, RNA Modification, PCR, Chromatin Analysis, and other methods), application (Oncology, Non-oncology), and end user (Biotechnology & Pharmaceutical Companies, Academic & Research Institutes, Hospitals & Diagnostic Laboratories). The report thoroughly assesses industry competitors and analyzes their global and regional market shares.
In 2023, the kits & reagents segment is projected to dominate the epigenetics market, with kits & assays leading in growth, attributed to their repetitive use and advancements in sequencing, mi-RNA, and real-time PCR technologies. Meanwhile, the DNA methylation segment, specifically high-resolution melt (HRM) analysis, is expected to experience the highest growth in the methods category, driven by its qualitative analysis capabilities and advancements in real-time PCR technology.
The oncology segment is forecasted to command the largest market share among applications in 2023, owing to the global burden of cancer, government and organizational initiatives, and ongoing advances in cancer research. Within end users, the pharmaceutical and biotechnology companies segment is anticipated to hold the largest share in 2023, fueled by increased demand for research-related products and rising R&D expenditures.
Top 10 Companies Operating in Epigenetics Market: https://meticulousblog.org/top-10-companies-in-epigenetics-market/
Geographically, Asia-Pacific is poised to exhibit the highest CAGR during the forecast period, driven by government initiatives for genetic diseases, a growing incidence of cancer, an aging population, increased R&D spending, and rising healthcare expenditure.
This comprehensive research report provides insights into high-growth market segments, historical market trends, forecasts for the period 2023–2030, major market drivers, challenges, opportunities, and trends. It also delves into the competitive landscape, identifying market leaders, recent developments, and strategies adopted by major players. The report covers geographical trends, highlighting high-growth regions and countries. For a detailed understanding, interested parties can access the sample report here.
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