The global epigenetics market is expected to
reach USD 16.31 billion by 2022, according to a new report by Grand View
Research, Inc. Growing worldwide prevalence of cancer and other diseases with
epigenetic modification base is expected to drive market growth during the
forecast period.
Diagnostic companies are coming up with new
products such as antibodies specific for the detection of modifications and new
upgraded kits for easy and efficient detection of biomarkers. This is expected to
attract pharmaceutical companies to collaborate for the development of
therapeutic drugs.
Presence of pipeline drugs and their expected
commercialization is anticipated to boost penetration rates over the forecast
period. For instance, Ramucirumab (Cyramza) by Eli Lilly and Company was
approved by the FDA for use in combination with Folfiri for the treatment of
patients with metastatic colorectal cancer.
Technology advancements in the field of
epigenetics especially pertaining to the detection of methylation markers
related to cancer development is expected to improve usage rates during the
forecast period. For instance, Epi proLung BL Reflex Assay by Epigenomics helps
in the diagnosis of lung cancer by determining methylation of SHOX2 biomarker
gene.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/epigenetics-market
Further key findings from the report suggest:
- Epigenetic reagents was the largest market valued at over USD 1.2 billion in 2014 owing to the increasing amount of R&D investments and high consumption rates. Kits are expected to gain rapid growth in demand due to the increasing need of rapid and accurate detection techniques.
- DNA methylation was the largest technology segment accounting for over 47.0% revenue in 2014. The introduction of technological advancement such as Methylation Sensitive PCR (MSP) and rapid adoption of these products to improve diagnostics efficiency are some factors attributing for its largest share.
- Oncology was the largest application market, with revenue valued at over USD 2.75 billion. Growing prevalence of cancer with epigenetic modification base and strong product pipeline are some factors attributing to its market position.
- Non oncology segment is anticipated to register the fastest growth of over 20.0% during the forecast period. The segment is dominated by metabolic diseases owing to, the growing base of population suffering from diabetes and organ failure and increasing prevalence of sedentary lifestyle.
- North America was observed to be the largest regional epigenetics market accounting for over 38.0% of the overall revenue, due to factors such as the increasing cancer prevalence, increasing amount of funding for R&D, growing collaborations between large pharmaceutical firms for development of improved therapeutics, high patient awareness levels.
- The Asia Pacific market is estimated to witness lucrative growth over the forecast period owing to, the presence of large prevalence of target diseases and high unmet medical needs
- Some key players of the epigenetics market include Illumina, Abcam, Diagenode, Thermo Fisher Scientific, Merck, Zymo research, Qiagen, CellCentric Ltd, Chroma Therapeutics Ltd, Eisai Co. Ltd, Novartis International AG, Oncolys Biopharma Inc., Syndax Pharmaceuticals, Inc., Valirx Plc and Sigma-Aldrich Corporation.
- Extensive R&D initiatives aimed at the development of novel drugs and the presence of strong product pipeline is expected to further boost market growth over the forecast period.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented
the global epigenetics market on the basis of product, technology, application
and region:
Epigenetics Product Outlook
(Revenue, USD Million, 2015 – 2022)
- Reagents
- Kits
- Instruments
- Enzymes
- Services
Epigenetics Technology Outlook
(Revenue, USD Million, 2015 – 2022)
- DNA Methylation
- Histone Methylation
- Histone Acetylation
- Large noncoding RNA
- MicroRNA Modification
- Chromatin structures
Epigenetics Application Outlook
(Revenue, USD Million, 2015 – 2022)
- Oncology
- Solid Tumors
- Liquid Tumors
- Non Oncology
- Inflammatory Diseases
- Metabolic Diseases
- Infectious Diseases
- Cardiovascular Diseases
Epigenetics Market Regional
Outlook(Revenue, USD Million, 2015 – 2022)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- South Africa
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