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

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