Global Epigenetics Market Recent Developments & Trends

 

Research by the Global Market Studies has reported a CAGR of 13.5% for the Global Epigenetics Market, expecting to surpass the USD 3 billion mark by 2028. Epigenetic research tools and technologies, including DNA methylation and histone modification assays, sequencing and microarray technologies, and epigenetic editing tools, are among the most commonly used products in the Epigenetics Market. Diagnostic and therapeutic products are also expected grow as the potential and application of epigenetic therapies increases in a wide range of diseases, including cancer, cardiovascular disease, neurological disorders, and autoimmune conditions

The Epigenetics Market refers to the market for products and services related to epigenetics, a field of study that investigates heritable changes in gene expression that occur without changes to the underlying DNA sequence. Epigenetic modifications can be influenced by diet, lifestyle, and environmental exposures, and can have a significant impact on an individual’s health and disease risk.

To access a sample of this report and more information on this market 

Global epigenetics market recent developments & trends

Market Dynamics

Drivers & Opportunities:

  • Increasing prevalence of cancer: The rise of cancer has driven demand for epigenetic therapies that can be used for diagnosis and treatment.
  • Advancements in epigenetic research: A deeper understanding of epigenetic mechanisms has led to new technologies and products being developed.
  • Increasing funding for epigenetic research: Governments and organizations have increased investment in epigenetic research, providing a boost to the market.
  • Awareness of personalized medicine: Epigenetic modifications play a key role in personalized medicine, which is gaining traction as a promising approach to treating diseases.
  • Adoption of epigenetic testing: The use of epigenetic tests for disease diagnosis and treatment is becoming more common, leading to increased demand for products in the market.
  • Technological advancements: Advances in sequencing technologies and bioinformatics tools have made it possible to analyse epigenetic modifications on a large scale, which has increased the demand for these technologies in the market.
  • Demand for epigenetic biomarkers: Epigenetic biomarkers have the potential to improve disease diagnosis and prognosis, and as a result, there is a growing demand for these products in the market.
  • Interest in Epigenetic Therapeutics: Epigenetic therapies have shown promise in treating a variety of diseases, and as a result, there is increasing interest in developing new epigenetic drugs and therapies.

Restraints & Challenges:

  • High costs: Epigenetic research and technologies are often expensive, making them less accessible to some researchers and healthcare providers. This can limit their adoption and growth in the market.
  • Limited knowledge: The complexity of epigenetics and the limited understanding of epigenetic mechanisms can limit the development of new technologies and products.
  • Regulatory challenges: Epigenetic therapies and products may face regulatory challenges and approval processes, which can slow down their development and availability in the market.
  • Ethical concerns: The use of epigenetics for certain applications, such as predicting disease risk or modifying traits can raise ethical concerns and limit their acceptance in some communities.
  • Lack of standardization: There is a lack of standardization in epigenetic research and technologies, which can lead to variability in results and limit their clinical use.
  • Limited scalability: Some epigenetic technologies may not be easily scalable or may require specialized equipment, which can limit their widespread adoption.
  • Data interpretation challenges: Analysing epigenetic data can be complex and challenging, which can limit the usefulness of epigenetic tests and technologies.
  • Limited reimbursement: Reimbursement for epigenetic tests and therapies may not be available or may be limited, which can limit their adoption and growth in the market.

Recent Developments:

  • In February 2022, Zenith Epigenetics Ltd. reported the dosing of the first patient with a combination of ZEN-3694 (BET inhibitor) + Bristol Myers Squibb’s PD-1 immune checkpoint inhibitor OPDIVO and YERVOY in a National Cancer Institute (NCI), part of the National Institutes of Health, and sponsored trial in solid tumour cancer.
  • In 2022, PacBio introduced DNA methylation capabilities via its product line, Sequel, in the US. Introducing this feature to the sequel systems is expected to extend the accessibility of epigenomes via HiFi sequencing developed by the company.

Partnerships & Collaborations:

  • In February 2022, Element Biosciences, Inc., developer of a new and disruptive DNA sequencing platform, entered a partnership with Dovetail Genomics to demonstrate the value and performance of Dovetail’s proximity ligation-based-based next-generation sequencing (NGS) library prep solutions on Element’s AVITI

Key Players

  • Illumina
  • Qiagen
  • Abcam
  • Merck and Co
  • Sigma-Aldrich
  • New England Biolabs
  • Thermo Fisher Scientific
  • Diagenode
  • Active Motif
  • Roche Diagnostics
  • Eisai
  • Novartis

Frequently Asked Questions

1) What is the projected market value of the Global Epigenetics Market ?

– The Global Epigenetics Market is expected to cross a value of USD 3 billion by 2028

2) What is the estimated CAGR of the Global Epigenetics Market over the 2023 to 2028 forecast period?

– The Global Epigenetics Market is expected to grow at a CAGR of approximately 13.5% from 2023 to 2028.

3) Who are the key players in the Global Epigenetics Market?

– Illumina, Qiagen, Abcam, Merck and Co, Sigma-Aldrich, New England Biolabs, Thermo Fisher Scientific, Diagenode, Active Motif, Roche Diagnostics, Eisai, Novartis

About Global Market Studies

Global Market Studies is a leading global market research and data services consultancy, providing actionable, objective, bespoke insights to business all over the world across multiple industry verticals also we are specialised in Healthcare market research reports and analysis. With a team of highly-experienced and domain-specific research and data experts focused on high-quality research, we are able to deliver to our clients high-quality market intelligence. Using cutting-edge, proprietary research tools we help our clients identify new market opportunities, apprehend risk early-on, maximize revenue sources and enter disruptive markets. Through a suite of impactful solutions developed using the knowledge of emerging markets, Global Market Studies is able to add real value to clients’ decision-making process so they may stay ahead of change and develop that much-needed competitive edge. We are a global market research company underpinned by quality analysis and unmatched experience combining our forte of swift turnarounds that suit your deadlines along with an ever-growing network of researchers and analysts.

Why Choose Us?

  • Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients take strategic decisions, such as product development, market positioning, and marketing strategies.
  • Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.
  • Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.
  • Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market. 
  • Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

Share this Post if you Find it Useful -Â