Epigenetics Market Size Is Expected To Reach $$4.1 billion by 2030, With Grow A CAGR Of 14.8% | AMR

Technological advancements, rise in prevalence of cancer, and increase in genome mapping programs and number of R&D activities drive the growth of the global epigenetics market. However, standardization concerns regarding epigenetics-based diagnostics and lack of skilled professionals hamper the market growth. On the contrary, untapped potential in developing countries is expected to create lucrative opportunities for the market players in the future.

The global epigenetics market was valued at $1.0 billion in 2020, and is projected to reach $4.1 billion by 2030, growing at a CAGR of 14.8% from 2021 to 2030.

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High-end technological advancements associated with epigenetics, rise in incidences of cancer, surge in genome mapping programs, and growing number of R&D activities drive the global epigenetics market. On the other hand, standardization concerns over epigenetics-based diagnostics and dearth of skilled professionals impede the growth to some extent. However, several growth opportunities in the emerging economies have created an array of lucrative prospects for the key players in the industry.

Covid-19 Scenario-

  • Rise in number of epigenetic researches and increase in awareness of epigenetic drugs for the treatment of coronavirus infection has had a positive impact on the global epigenetics market.
  • This drift is most likely to continue till the pandemic is completely over.

The growth of the global epigenetics market is attributed to increase in oncology cases, surge of other chronic diseases and its rising application for non-oncology applications. Moreover, increase in R & D for epigenetics is expected to further drive the market growth during the forecast period

The kits segment to retain the lion’s share-

On the basis of products, the kits segment held the major share in 2020, garnering nearly two-fifths of the global epigenetics market. Availability of an array of different kits fuels the growth of the segment. The instruments segment, on the other hand, is projected to cite the fastest CAGR of 16.3% throughout the forecast period, due to development and launch of various instruments for epigenetic purposes.

The kits segment held the lion’s share

On the basis of region, the  epigenetics market size of North America generated revenue worth $468.84 million in 2020, and is anticipated to dominate the global epigenetics market in the future. This is attributed to developed healthcare infrastructure, wide availability of advanced epigenetics products, large presence of key players, and presence of trained medical professionals. However, Asia-Pacific is expected to witness highest growth rate during the forecast period, owing to rise in awareness related to epigenetics industry, increase in penetration of key players in emerging countries in Asia-Pacific, and development in infrastructure for research and clinical settings.

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North America dominated the market

By region, the market across North America held the lion’s share in 2021, accounting for nearly two-fifths of the market, due to significant developments in biotechnology through epigenetics products, rise in investments, and increase in partnerships & collaborations among key players. However, the global epigenetics market across LAMEA is projected to portray the highest CAGR of 15.5% during the forecast period.

Major market players

  • Abcam Plc.
  • Agilent Technologies, Inc.
  • Active Motif, Inc.
  • Illumina Inc.
  • Diagenode, PerkinElmer, Inc.
  • Merck Millipore
  • Thermo Fisher Scientific Inc.
  • Zymo Research

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