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As per the latest report published by Fact.MR, a market research and competitive intelligence provider, the global epigenetics market is slated to be worth US$ 992.8 Mn in 2022 and have a CAGR of 10.9% from 2022 to 2032. Fact.MR has a hawk's eye with regards to epigenetics market. It states that demand for products like mass spectrometers, DNA-modifying enzymes, sonicators, biculfite conversion kits, and likewise is bound to take the epigenetics market to US$ 2.79 Bn by the year 2032.
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Key Segments Covered in Epigenetics Industry Research
Epigenetics Market by Product : Epigenetic Kits Epigenetic Reagents Epigenetic Enzymes Bioinformatics Tools Epigenetics Instruments and Consumables Others
Epigenetics Market by Technology : Epigenetics DNA Methylation Histone Methylation Histone Acetylation MicroRNA modification Chromatic structures Others
Epigenetics Market by Application : Immunology Oncology Cardiovascular Diseases Metabolic Diseases Non-Oncology Others
Epigenetics Market by Region : North America Latin America Europe APAC MEA
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Key Takeaways from Market Study
Europe holds 27.1% of the market share. Epigenetic biomarkers as well as diagnostics are bound to take the epigenetics market by storm in the next 10 years.
Competitive Landscape
Epigenetic service providers are concentrating on mergers, collaborations, acquisitions, and partnerships to broaden their business reach and support their R&D efforts to hasten the introduction of cutting-edge epigenetic technology.
Grail, a business specialising in the early detection of various cancers, was purchased by Illumina Inc., a significant American biotechnology company, in August 2021. Grail was taking patients for a trial to expand its dataset focusing on the genome associated with cancer-causing epigenetic factors as it prepared its application for an FDA approval of its Galleri test.
Fact.MR, a market research and competitive intelligence provider, has profiled key companies such as Thermo Fisher Scientific, PerkinElmer, Illumina, New England Biolabs, Merck Millipore, Abcam, and Agilent, among others, in this latest epigenetics market survey.
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Market Developments
The key participants are targeting mergers and acquisitions to make a mark in the epigenetics market. Start-ups are at the forefront in this regard.
The US-based Element Biosciences, Inc. is emphasizing on development of several innovation-based genetic analysis tools to serve the purpose of research and diagnostics. Along these lines, it did announce partnering with Dovetail Genomics (firm specializing in redefining genomic biology). This partnership is slated to demonstrate and explore ligation-based NGS (next-generation sequencing) library prep solutions of Dovetail on Element's novel AVITI System. Grain, in August 2021, got acquired by Illumina Inc. with the objective of expanding the dataset emphasizing on genome related to cancer-causing epigenetic factors.
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