According to the report by Expert Market Research (EMR), the global epigenomics market share, is projected to grow at a CAGR of 13.1% between 2024 and 2032. Aided by the increasing demand for personalised medicine and the growing applications of epigenomics in various fields such as oncology and drug discovery, the market is expected to grow significantly by 2032.
Epigenomics, a subfield of epigenetics, focuses on the study of the complete set of epigenetic modifications on the genetic material of a cell, known as the epigenome. Its findings are increasingly used in the creation of therapeutic plans and biomarkers, and they play a critical role in understanding disease mechanisms, notably in cancer. Beyond its use in medicine, epigenomics is also becoming a crucial tool for developing new drugs.
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The increasing prevalence of cancer and other genetic disorders is driving the global epigenomics market growth. With the growing awareness of the role of epigenetic modifications in disease development and progression, there has been a significant shift towards the utilisation of epigenomics in disease diagnosis and treatment. Additionally, the rising trend of personalised medicine, where therapeutic strategies are tailored to individual patients, has further contributed to the increasing popularity of epigenomics.
The expanding applications of epigenomics in various fields also play a significant role in fuelling the epigenomics market expansion. In drug discovery, epigenomics provides valuable insights into disease mechanisms, aiding in the identification of novel drug targets. The field of oncology extensively uses epigenomics for cancer diagnosis, prognosis, and in the development of epigenetic therapies. Moreover, the use of epigenomics in the development of biomarkers for early disease detection is expected to further boost the market expansion.
Further, the growing focus on research and development (R&D) in genomics has led to an increased interest in epigenomics as a potential area for therapeutic intervention. The rise of next-generation sequencing technologies and the increasing investment in genomic research are expected to drive the growth of the epigenomics market.
In additions, the ongoing efforts in epigenomic research, driven by technological advancements and the growing interest in personalised medicine, offer promising growth prospects for the global epigenomics market.
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Epigenomics Market Segmentation
The market can be divided based on technology, product type, application, end user, and region.
Market Breakup by Technology
- Large Non-Coding RNA
- MicroRNA Modification
- DNA Methylation
- Chromatin Structures
- Others
Market Breakup by Product Type
- Kits
- Reagents
- Enzymes
- Others
Market Breakup by Application
- Diagnostics
- Pharmaceuticals
Market Breakup by End User
- Hospitals and Clinics
- Pharmaceuticals and Biotechnology Companies
- Academic and Research Institutes
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global epigenomics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Epigenomics AG
- Illumina, Inc.
- Merck KGaA
- Zymo Research Corporation
- Agilent Technologies, Inc.
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