(MoneyNewsWire.Net, January 10, 2018 ) According to the report Global Epigenetics Technology Market, published by Market Data Forecast, the Global market is projected to reach USD 1.15 billion by 2022, at a CAGR of 13.7% from 2017 to 2022.
Epigenetics is the science of modification in genetic expression rather than change in genetic code which results in change in behaviour of organism. These changes are affected by various external factors like environment, people interacted with, circumstances, and age itself. Epigenetics can create differences in human beings by making every human unique. Some of these traits are passed down to future generations as heritable traits. With this type of advance level science there is always an evidential growth for the market.
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Global Epigenetics Technology Market: Drivers & Restraints
Rising prevalence of cancer, increasing frequency of research activities, rise in funding in R&D, wide range of application in various sectors like oncology, increase in partnership between pharmaceutical, academic and biotechnology companies, high investment by the private companies are driving the growth of the Global Epigenetics technology market.
However, lack of trained professionals and high cost of instruments are some of the factors restraining the market.
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Global Epigenetics Technology Market: Segmentation
Instruments & Consumables
By Research Area
Middle East & Africa
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at https://www.marketdataforecast.com/market-reports/global-epigenetics-market-1969/customize-report
Global Epigenetics Technology Market: Overview
In research area, oncology segment holds the highest share in the market due to the rising incidences of cancer and technology advancements in cancer diagnosis. Meanwhile, drug discovery segment is expected to grow at highest CAGR during forecast period due to the rise in research and development investments and increase in new chronic diseases.
The Global Epigenetics Technology Market is dominated by North America in 2017 with the region accounting for 33% of the overall market share owing to its advanced technology and presence of Major players. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region due to the developing countries like India and China, and increasing R&D spending by companies.
Global Epigenetics Technology Market: Key Players
Key companies in the global epigenetics market are Illumina, Inc., Abcam plc., QIAGEN N.V., New England Biolabs, Inc. and Merck & Co. Other companies include Thermo Fisher Scientific, Inc., Sigma-Aldrich Corporation, Diagenode, Inc., Active Motif and Zymo Research Corporation.
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