Epigenomics Market 2021: Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast Research Report 2028
Posted on Aug 3 2021 6:04 AM
"Major companies operating in the global epigenomics market are Abbott Laboratories, Boehringer Ingelheim International GmbH, Agilent Technologies Inc., Bayer AG, Thermo Fisher Scientific Inc., Epizyme Inc., Abcam plc, Zymo Research Corporation, Merck KGaA, Epigenomics, Illumina Inc., and Novartis AG."
The increasing prevalence of chronic diseases such as cancer is helping the global “epigenomics market” to emerge with remarkable market figures, finds Fortune Business Insights in their new study. The study is titled, “Epigenomics Market: Global Market Analysis, Insights, and Forecasts, 2019 – 2026.” An important factor propelling this market is the rise in number of chronic diseases and their needful treatment worldwide. Fortune Business Insights foresees the pharmaceutical segment to dominate the global epigenomics market on account of the increasing prevalence of chronic diseases such as cancer. According to the World Health Organization (WHO), by the end of 2025, the number of cancer patients will reach 21,471,996.
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This is a key factor impelling researchers for developing novel epigenomics modulators for treating, and augmenting the growth of the pharmaceuticals segment in the market for epigenomics during the forecast duration. Besides this, the rise in research and development programs for exploiting epigenetics alteration for treating cancer and other chronic diseases will help the pharmaceutical segment to generate more revenue in the coming years.
Leading Players operating in the Epigenomics Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Abbott Laboratories
- Boehringer Ingelheim International GmbH
- Agilent Technologies Inc.
- Bayer AG
- Thermo Fisher Scientific Inc.
- Epizyme Inc.
- Abcam plc
- Zymo Research Corporation
- Merck KGaA
- Illumina Inc.
- Novartis AG
Increasing Funding from Government to Help Market Gain Momentum
A major factor boosting the global epigenomics market is the rising number of cancer cases in the world, followed by rising investment in research projects in order to develop novel therapeutics for such chronic diseases. The rise in number of funds raised by the government for such research and development will help the market witness immense growth. Rise in geriatric population and their vulnerability towards various health issues will also create lucrative growth opportunities for the market.
This, coupled with growth in market for personalized medicines, is also helping the market grow remarkably. The increasing importance for epigenetic technology will help the market gain potential in the future.
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Upgraded Therapeutic Procedures to Fuel Demand for Epigenomics in Market
Geographically, the global epigenomics market is anticipated to be dominated by North America owing to the presence of better healthcare infrastructure and proper medical facilities. Besides this, the availability of upgraded therapeutic machinery and supportive reimbursement policies for people, especially in developed nations such as Canada and the U.S. are also helping the market in the region gain dominance and continue dominating in the years to come. Asia Pacific, on the other hand is prognosticated to show faster growth rates on account of increasing disposable income of people and introduction and implementation of advanced technology in medical technology and treatment facilities. The developing nations are trying to impose new medication therapies for better outcomes.
Segmentation of the Global Epigenomics Market:
By Product Type
- DNA Methylation
- Histone Methylation
- Histone Acetylation
- MicroRNA Modification
- Large Non-coding RNA
- Chromatin Structures
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Reasons to Purchase this Report:
- Comprehensive analysis of the Epigenomics Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What are the key technological and Epigenomics Market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Epigenomics Market growth?
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