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Epigenetics Market Research Report 2023-2030: DNA Methylation and Oncology Applications At the Forefront of Advancements | ||
By: PR Newswire Association LLC. - 01 Mar 2024 | Back to overview list |
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DUBLIN, March 1, 2024 /PRNewswire/ -- The "Epigenetics Market by Offering (Kits, Reagents, Instruments, Software) Method (DNA Methylation, PCR, Chromatin Analysis, Histone, RNA Modification), Application (Oncology, Non-oncology) End User (Pharma, Academics, Hospitals) - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The epigenetics market is expected to reach $5.47 billion by 2030, at a CAGR of 15.7% from 2023 to 2030. Asia-Pacific is slated to register the highest CAGR during the forecast period. The market growth in this region is attributed to government initiatives for genetic diseases, growing cancer incidence, rising geriatric population, rapid rise in the prevalence of chronic diseases, rising R&D spending, and increasing healthcare expenditure. The kits & reagents segment is expected to grow at the fastest CAGR during the forecast period. The frequent and repetitive use of kits and reagents and the growing prevalence of chronic diseases are the major factors responsible for segment growth. In 2023, the DNA methylation segment is expected to account for the largest share of the market. DNA methylation is an epigenetic mechanism that involves transferring a methyl group onto the C5 position of cytosine to form 5-methylcytosine. This process regulates gene expression by promoting or inhibiting the binding of transcription factors to DNA. Thus, it is useful in studying epigenetic changes in an organism. The increasing prevalence of cancer, technological advancements in PCR and sequencing, and the high focus on reducing costs associated with lengthy research and product approval processes support the segment's large share. In 2023, the oncology segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high burden of cancer, the high focus on R&D regarding cancer, and the growing demand for precision oncology. In 2023, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the market. The segment's large share is attributed to the rising demand for research-related products, the increasing incidence of chronic diseases, pharmaceutical & biotechnology companies' rising R&D expenditures, technological advancements in epigenetics, and the introduction of new epigenetics products for chronic and rare diseases. Company Profiles (Business Overview, Financial Overview, Product Portfolio SWOT Analysis, and Strategic Developments)
Competitive Analysis
Scope of the Report Epigenetics Market Assessment, by Offering
(Other reagents include buffers, controls, beads, histones, master mixes, and nuclease-free water)
Epigenetics Market Assessment, by Method
(Other DNA methylation methods include activity/inhibition assays, methylated DNA quantification, and methylated DNA amplification)
(Other methods include in vitro DNA-protein interactions, DNA demethylation, and miRNA analysis)
Epigenetics Market Assessment, by End User
Epigenetics Market Assessment, by Geography
For more information about this report visit https://www.researchandmarkets.com/r/agpuv About ResearchAndMarkets.com
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