Epigenetics market to reach $66 billion by 2032, driven by precision medicine and research advancements.
From GlobeNewswire: 2025-01-09 09:21:00
The Epigenetics Market was valued at $15.2 billion in 2023 and is projected to reach $66 billion by 2032, growing at a CAGR of 17.7%. Factors like precision medicine, rising cancer prevalence, and genomic research advancements are driving market growth. Major players like Roche Diagnostics and Thermo Fisher Scientific are leading the market with innovative products and services.
In 2023, reagents held a global market share of over 33% in the epigenetics market, with companies like Promega Corporation providing essential tools for research and therapeutics. The services segment is expected to register the highest CAGR, offering high-tech analysis for research institutes lacking laboratory facilities. DNA methylation and histone acetylation are key technologies contributing to market growth.
Academic research accounted for over 36% of revenue share in 2023, with universities leading research activities due to the complexity and medical applicability of epigenetic mechanisms. Clinical research is projected to grow by 17% as it provides insights into therapeutic targets and personalized medicines. North America dominates the market, driven by advanced healthcare infrastructure and a strong pipeline of epigenetic drugs. The rising cases of cancer and chronic diseases drive the demand for epigenetics-based diagnostics and therapeutics in the region. Chroma Medicine, Inc. and Sangamo Therapeutics, Inc. partnered to develop epigenetic medicines with zinc finger proteins. The National Cancer Center and Eisai are collaborating to advance clinical studies of the anticancer agent tazemetostat.
A comprehensive market analysis and outlook report for the epigenetics market from 2024-2032 is available for purchase. The report includes key points such as market dynamics impact analysis, statistical insights, competitive landscape, and regional analysis. SNS Insider is a leading market research and consulting agency providing valuable market data and insights to clients globally.
For more information and to access the complete report details on the epigenetics market analysis and outlook 2024-2032, visit the SNS Insider website. Their aim is to provide clients with accurate market data, consumer insights, and opinions to make informed decisions in a rapidly changing market environment. They utilize various research techniques like surveys, video talks, and focus groups to gather relevant data.
Read more at GlobeNewswire: The Epigenetics Market Size to Accumulate Around USD 66