With the emergence and long-term Impact of COVID-19, Global Epigenetics Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Epigenetics Market points towards a potential rise to USD xx billion by 2030. Epigenetics is the study of gene changes that may affect common gene mutations. Epigenetic mechanisms are being linked to an increasing number of chronic diseases and disorders, including cardiovascular diseases, autoimmune diseases, and neurodegenerative disorders, in addition to environmental factors and nutrition, which affect epigenetic processes such as DNA methylation, histone modification, and non-coding RNA.
Innovative therapeutic strategies can now be developed because of the identification of numerous cutting-edge therapeutic targets through epigenetic research. Factors such as rising expenditure in Research and Development, Increasing Cancer cases and increasing uses of non-oncological applications of epigenetics are expected to drive the growth of the epigenetics market in the forecast year 2023-2030.
Geographically, global Epigenetics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominated the market in 2022 with largest market share owing to the presence of key market players, significant investments in research and development, and a rise in cancer cases. According to the United States National Institute of Health, USD 1,098 million had been allocated for cancer genomics research as of December 2021, thus driving the growth of the market. However, Asia Pacific is expected to be the fastest growing region during the forecast period, owing to rising awareness in epigenetics, prevalence of key players in developing countries of Asia Pacific, and developing infrastructure for research and clinical settings.
The global Epigenetics market is highly competitive owing to the presence of several key manufacturers such as Abcam PLC Illumina Inc. Bio-Rad Technologies Hologic Inc (Diagenode Inc.) Thermo Fisher Scientific Perkin Elmer New England Biolabs Active Motiff Zymo Research Corporation Qiagen NV, and others.
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Key findings of the study suggest:
- Global Epigenetics Market is anticipated to grow with a healthy growth rate of more than 16.1% over the forecast period 2023-2030.
- In Application segment, cardiovascular diseases emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to increase in investments in research and development in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to increasing prevalence of key players in developing countries within the region.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Instruments
- Kits and Reagents
- Others
By Application:
- Oncology
- Autoimmune Diseases
- Metabolic Diseases
- CNS/Pain Diseases
By Technology:
- Methylation
- Acetylation
- Phosphorylation
- Other Technologies
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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