Major Players are Diagenode (Belgium), EMD Millipore (U.S.), Illumina (U.S.), New England Biolabs (U.S.), QIAGEN (Netherlands), Sigma-Aldrich (U.S.), Thermo Fisher Scientific (U.S.), and Zymo Research (U.S.)
(PRWEB) December 25, 2014
Epigenetics finds applications in a large number of fields of life science research, including oncology, drug discovery, developmental biology, and research for metabolic and genetic disorders. It is rapidly emerging as one of the most widely used techniques for the discovery and development of cancer biomarkers. According to GLOBOCAN, the prevalence of cancer is rapidly growing worldwide. In 2012, there were 14.1 million new cancer cases, 8.2 million cancer deaths, and 32.6 million people living with cancer (within five years of diagnosis) globally. The rapid growth in cancer prevalence has given rise to increased research interest in this field and boosted funding for oncology research. These will be the primary drivers of the epigenetics market between 2014 and 2019.
Epigenetics finds applications in oncology, drug discovery, developmental biology, and research of metabolic and genetic disorders. Rapid growth in the research interest in oncology, along with growing partnerships between biotechnology and pharmaceutical companies for the development of epigenetics-based products, will drive the growth of the global epigenetics market
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North America accounted for the largest share of the global epigenetics market in 2014. The Asian market is expected to grow at the highest CAGR during the forecast period, and represents new revenue pockets for players in the global epigenetics market. Asia is expected to witness a steady year-on-year growth owing to the increased R&D funding in this region. It experienced one of the fastest growths in R&D investments in recent years. According to Battelle (an R&D magazine), investments in R&D in Asia increased by 7% between 2009 and 2014. This will drive the growth of the Asian epigenetics market.
The oncology research segment accounted for the largest share of the epigenetics market in 2014, while the drug discovery research segment is expected to grow at the highest CAGR between 2014 and 2019. Drug discovery shows significant growth opportunities for players in the epigenetics market in the forecast period. In the epigenetics product market, the kits segment had the largest share in 2014 and is expected to grow at the highest CAGR between 2014 and 2019. With the increase in research interest, epigenetics is quickly transitioning into a kit-based research field.
The global epigenetics market is a growing market. An analysis of market developments between 2011 and 2014 revealed that new product launches was the most important growth strategy employed by market leaders in this period. This strategy was adopted by all players in this market, except Active Motif (U.S.), which did not launch any new products between 2011 and 2014.
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