Global Epigenetics Market Report Position, Recent Developments, Trends and Future Forecast Until 2023 to 2028

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Published on: April 18, 2023
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OVERVIEW

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.

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

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 make 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.

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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.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7