Global Epigenetics Market Overview:
Epigenetics is a part of biological science which involves the study of change in behavior of organisms by genetic modification of expression instead of altering genetic code itself. According to certain circumstances genes will turn on and off. These changes differentiate in most of the humans uniquely. These traits are genetically transferred to younger generations. Specific study of this genetic activities and mechanisms are known as Epigenetics.
Global Epigenetics Market Size:
In the year 2018, Global Epigenetics Marketwas valued at USD 689.64 Million. By the year 2023, it is predicted to reach USD 1310.46 Million with pace of 13.7% CAGR.
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Increasing risk of cancer and growing funding in research and developments
Factors affecting market growth:
- Increasing frequency of fatal diseases. (+)
- Increasing cases of cancer and growing trend. (+)
- Growing inflows of funds for research and developments. (+)
- Lack of skilled professionals. (-)
- Complexity in study and need for high cost equipment. (-)
Market Segmentation:
Epigenetics Market is segmented based on Product and Research Area. Based on Product, market is segmented into Enzymes, Instruments & Consumables, KITS, and Reagents. Based on Research Area, market is segmented into Developmental Biology, Oncology, Drug Delivery. Based on Enzymes, market is further segmented into DNA-Modifying Enzymes, Protein-Modifying Enzymes, RNA-Modifying Enzymes. Further based on Instruments & Consumables, market is segmented into Mass Spectrometers, Next-Generation Sequencers, QPCR, Sonicators, and others. Based on KITS, market is further segmented into Bisulfite Conversion KITS, Chip-Sequence KITS, RNA Sequencing KITS, Whole-Genome Amplification KITS, 5-HMC and 5-MC Analysis KITS, others. Based on Reagents, market is further segmented into Antibodies, buffers, Histones, Magnetic Beads, Primers and others. Oncology segment holds the highest share in the market but drug discovery segment is expected to grow at highest CAGR during Forecast Period.
In 2018, North America claimed the major share of the market the Global Epigenetics Market due to technological advancements and presence of major players. In addition, Asia Pacific region is expected to grow faster at highest pace of CAGR during the forecasted period of 2018-2023 owing to presence of major emerging economies such as India and China and growing research and developments expenditure by industries.
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Major Key Players Doming the Global Epigenetics Market:
Zymo Research Corporation, Diagenode, Inc, Active Motif, Thermo Fisher Scientific, Inc., Sigma-Aldrich Corporation, New England Biolabs, Inc., Merck & Co., QIAGEN N.V., Illumina, Inc., and Abcam plc.
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