Report ID: SQMIG35H2201
Report ID:
SQMIG35H2201 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
96 |
Figures:
76
North America dominated the market, with a share of 38.19% in 2023. The region is growing due to public awareness, improved pharmaceutical facilities and huge investments in R&D. Besides, prevalent chronic diseases and heavy investments by market players in epigenetic research, making it a promising environment for further growth. The presence of major players such as; Elemental Biological Sciences, Inc.; Dovetail Genomics LLC.; Illumina, Inc.; And in the U.S. market, Promega Corporation is expected to support regional expansion. It is expected that the epigenetics market will surge during the forecast period as chronic diseases prevail and increased investment by market players in epigenetics fuels regional growth. For example, epigenetic editing consumes another genomic medicine company, Croma Medicine, Inc.; (Croma) face million invested in US$.
Asia Pacific is expected to witness the fastest CAGR of 16.71% from 2024 to 2031. This growth of the regional market is expected to be driven by the increasing demand for genome editing technologies and the spread of genetic diseases and infections in countries many such as India and Australia. Also, for epigenetics products and services that attract investment and funding from domestic companies. For example, in August 2023, Epigenic Therapeutics of China raised $32 million in funding. The company develops next-generation gene therapy that uses epigenome design to treat common disorders. Thus, increased investment in such infrastructure is expected to boost regional expansion. The epigenetics market in China is expected to grow during the forecast period, owing to the well-established regulatory framework for the development and commercialization of epigenetically engineered organisms (GMOs).
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Report ID: SQMIG35H2201