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Global Epigenetics Market: Key Applications Impacting The Market Growth
by dheerajshaha67 · January 22, 2019
“Epigenetics Market聽by Product (Kit, Enzymes, Reagent, NGS Cheap Xavier Woods Jersey , Mass Spectrometer, PCR, Bioinformatics), Application (Oncology, Cardiology Cheap Jourdan Lewis Jersey , Immunology), Technology (DNA Methylation, Histone Modification), End User (Academic, CRO) – Global Forecast to 2022″ Cheap Byron Jones Jersey ,聽published by MarketsandMarkets™, the market is projected to reach聽USD 1,605.7 million聽by 2022 from an estimated聽USD 854.0 million聽in 2017, at a CAGR of 13.5% during the forecast period.
The key factors that are driving the growth of this market include the decreasing sequencing costs and time, increase in research activities to identify and develop inhibitorsdrugs for various diseases Cheap Maliek Collins Jersey , funding for epigenetics research, and rising prevalence of cancer.
Growing applications in Personalized Medicine and Targeted Therapy in Oncology is a growth opportunity for the Epigenetics market
According to a press release published by the Tufts Center for the Study of Drug Development in May 2015, biopharmaceutical companies have nearly doubled their R&D investments in personalized medicine over the last five years, and these investments are further expected to increase by 33% over the next five years. This will further drive the use of epigenetics tools. A 2016 study performed to analyze the epigenetic modification of chronic lymphocytic leukemia (CLL) in the patient population fueled interest in prognostic biomarkers and personalized therapies. This study was performed by CeMM Research Center for Molecular Medicine of the Austrian Academy of Science (Austria) in collaboration with the University of Southampton and the Royal Bournemouth Hospital under the European BLUEPRINT project and the International Human Epigenome Consortium. The expanding application of epigenetics in personalized medicine and targeted therapies, therefore Cheap Jaylon Smith Jersey , offers significant opportunities for epigenetics technology market growth.
Browse聽and in-depth TOC on “Epigenetics Market”
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Among the Application Segments, Oncology Dominated the聽Global Epigenetics Market聽in 2016
Based on application, the oncology segment accounted for the largest share of the Epigenetics Market in 2016. The large share of this segment can be attributed to the rising prevalence of cancer and the increasing number of research-related activities.
DNA Methylation Segment Dominated the聽Epigenetics Market, by Technology in 2016