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Market Overview
Epigenomics Market Size was valued at USD 1.72 Billion in 2022 and is projected to grow from USD 1.98 Billion in 2023 to USD 7.04 Billion by 2032, exhibiting a CAGR of 15.12% during the forecast period (2023 – 2032).
Competitive Dynamics
Novartis AG, Abbott Laboratories, Abcam plc, Merck KGaA, Thermo Fisher Scientific Inc., Zymo Research Corporation, Illumina Inc., Agilent Technologies Inc., Epizyme Inc., Boehringer Ingelheim International GmbH, Bayer AG, Epigenomics, and other players.
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Market Dynamics
Research into epigenomics is growing at an exponential rate, which is helping to propel the industry forward. Researchers, medical professionals, and business executives alike have taken an interest in epigenomics, the study of heritable alterations in gene expression that occur without altering the underlying DNA sequence. This increase in study has been prompted by a number of factors, all of which serve to further our understanding and practical use of this new field.
The hope of understanding the intricate processes that control gene expression has contributed significantly to the recent uptick in epigenomics research. Researchers are turning to epigenomics to better understand the tiny molecular alterations that control gene expression as it becomes clear that genetics alone cannot account for the complexity of illnesses and developmental processes. Because of the promise of deciphering the epigenomic basis of illnesses including cancer, neurological problems, and cardiovascular concerns, there is a race to identify epigenomic indicators that can aid in early identification, prognosis, and medication stratification.
The subject of epigenomics research has advanced thanks to collaborative efforts from academia, government labs, and private industry. Interdisciplinary efforts have blurred the boundaries between fields like genetics, bioinformatics, and molecular biology, leading to a more holistic strategy for tackling complex biological challenges. In addition, cutting-edge epigenomic diagnoses and therapies have been developed more quickly because to cross-sector cooperation between academic institutions and biotechnology corporations.
Market Segmentation
The Epigenomics Market segmentation, based on product type, includes reagents, kits, enzymes and others.
The Epigenomics Market segmentation, based on technology, includes DNA methylation, histone methylation, histone acetylation, microRNA modification, large non-coding RNA, chromatin structures and others.
The Epigenomics Market segmentation, based on application, includes pharmaceutical and diagnostics.
Browse In-depth Market Research Report (128 Pages) on Epigenomics: https://www.marketresearchfuture.com/reports/epigenomics-market-12416
Regional Overview
In 2022, 45.80% of the global epigenomics market was generated in North America. Pfizer, a pharmaceutical giant located in the United States, has financed studies into the potential of epigenetic medications. Their epigenetic therapy for acute myeloid leukemia, Daurismo (glasdegib), has been authorized by the FDA. This highlights the region’s preeminence in the global pharmaceutical market for epigenetic drugs.
The market for epigenomics in Europe is second only to that in North America. Many European universities and research institutes take part in international and regional collaborative efforts. In addition, in Europe, the German epigenomics market maintained the biggest share, while the British market was the most rapidly expanding.
From 2023 to 2032, the Asia-Pacific region is predicted to have the highest compound annual growth rate (CAGR) in the epigenomics market. Companies like Eisai and Takeda are leading the way in epigenetic medication research in Japan’s burgeoning pharmaceutical sector. In addition, the Epigenomics market in China accounted for the biggest part of the overall market, while the Epigenomics market in India grew at the highest rate in the Asia-Pacific.
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