San Francisco, 04 March 2024: The Report Epigenetics Market Size, Share & Trends Analysis Report By Product (Reagents, Kits), By Application (Oncology, Non-oncology), By Technology (MicroRNA Modification, Chromatin Structures), By Region, And Segment Forecasts, 2023 - 2030

The global epigenetics market size is expected to reach USD 39.15 billion by 2030, registering a CAGR of 15.10% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is being driven by factors, such as the rise in funding, investment & regulatory approvals for epigenetics research & development, the expansion of the use of epigenetic enzymes in drug discovery & development, and the decreasing cost of genome sequencing. Since epigenetics has demonstrated beneficial applications outside of cancer, commercial expansion is envisaged.The rising demand for understanding epigenetic alterations at the molecular level, as well as the advancement of medicinal treatments, would likely push these organizations to support research and development programs.

Furthermore, initiatives, such as the Epidemiology and Genomics Research Program (EGRP), provide incentives for research efforts aimed at better-comprehending cancer genesis and consequences.A few organizations that help fuel the market's rise are the International Human Epigenome Consortium (IHEC), the National Cancer Institute (NCI), and the National Institutes of Health (NIH). These organizations support funding and help for initiatives involving product development and R&D in the field of epigenetics. For instance, the National Institutes of Health aggressively promotes cutting-edge epigenetic research worldwide through its common fund epigenomics program.

The high growth is mainly attributed to the increase in investment, funds, and approvals for epigenetics research & development, growing applications of epigenetics in drug discovery & development, and increased affordability of genome sequencing. Epigenetics has exhibited its application potential in non-oncology conditions, thus creating tremendous opportunities for market growth. Epigenetic pathways may be directly or indirectly involved in a variety of cancers, Cardiovascular Disorders (CVDs), reproductive problems, autoimmune diseases, and ailments that affect cognitive function.

The function of these epigenetic pathways can be influenced by external stimuli including the causative agents, such as heavy metals, pesticides, cigarette smoke, hormones, radiation, viruses, environmental factors, and essential nutrients. Increasing awareness regarding epigenetic testing and the increasing demand for such kits and assays is one of the crucial factors in the growth of this market. Increased healthcare R&D spending across the globe is also anticipated to fuel market expansion over the forecast period. For instance, according to the WHO report published in April 2023, the weighted average health GERD as% of GDP increased the most in high-income nations (0.25%) compared to the previous analysis (0.21%).

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This can be attributed to the rise of GERD in several of these high-income nations, with the Republic of Korea reporting the biggest rise (from USD 3.8 billion to USD 4.5 billion in 2020), followed by Greece (from USD 513 million to USD 598 million in 2020). Over 15% was reported as an upsurge in both nations. In addition, for instance, in February 2021, the International Cancer Genome Consortium (ICGC) launched the ICGC ARGO Data Platform, a significant step forward after the ICGC 25K Data Portal. ARGO is a global initiative to promote cancer genetics by providing superior-quality clinical, genomic, and molecular data to worldwide researchers.

Epigenetics Market Report Highlights

• By product, the reagents segment accounted for the largest revenue share of 31.50% in 2022 owing to the existence of a number of technology platforms that facilitate analysis at gene, protein, or cellular levels, which encourages innovation in the global marketplace
• By application, the oncology segment accounted for the largest revenue share of 69.23% in 2022. The segment is expanding as a result of the increased incidence of cancer and the number of cancer-related fatalities globally
• By technology, the histone acetylation segment is anticipated to register the fastest CAGR of 15.8% from 2023 to 2030 due to its improved efficacy as a result of the development of innovative methods
• North America dominated the market with the highest revenue share of 38.18% in 2022 owing to government support and increasing R&D funding by government and private organizations

The spread of the COVID-19 virus created tremendous opportunities for epigenetics researchers. A study conducted by the researchers, wherein they performed DNA methylation on monocytes in the peripheral blood samples obtained from COVID-19 patients, demonstrated the complex relationship between the changes that occurred during myeloid differentiation and DNA methylation changes in COVID-19 patients. Increasing government support and funding for epigenetic research will encourage companies to develop novel epigenetic products and boost market growth in the near future.

Based on product, the market is segmented into reagents, kits, instruments, enzymes, and services. The reagents segment accounted for the largest revenue share of 31.50% in 2022. The large share of this segment is mainly attributed to the high usage of reagents in epigenetic research studies. The two main categories of reagents used in epigenetics are histone and DNA modifiers. Epigenetics is the study of persistent, maybe reversible changes in gene expression that take place without altering the DNA sequence permanently but that still transfer from one generation to the next generation. Without any changes to the DNA, epigenetically controlled genes can be triggered or suppressed.

Epigenetics Market Report Scope

DNA methylation, RNA regulation, and histone modification are the three main epigenetic processes that have been the subject of comprehensive research. These mechanisms are crucial for the control of genes. On the other hand, the kits segment is anticipated to record the highest CAGR of over 15.4% during the forecast period. Epigenetic kit demand is fueled by trends, such as a rise in the cases of chronic diseases, a growing aging population, and an increase in the application of epigenetic treatments. In addition, the growing awareness among people along with an increasing number of companies involved in the development of advanced kits will push the segmental growth further.

List of Key Players of Epigenetics Market

• Roche Diagnostics
• Thermo Fisher Scientific, Inc.
• Eisai Co. Ltd.
• Novartis AG
• Element Biosciences, Inc.
• Dovetail Genomics LLC.
• Illumina, Inc.
• ValiRx Plc.
• Abcam plc.