The global epigenetics market is expected to reach USD 16.31 billion by 2022, according to a new report by Grand View Research, Inc. Growing worldwide prevalence of cancer and other diseases with epigenetic modification base is expected to drive market growth during the forecast period.
Diagnostic companies are coming up with new products such as antibodies specific for the detection of modifications and new upgraded kits for easy and efficient detection of biomarkers. This is expected to attract pharmaceutical companies to collaborate for the development of therapeutic drugs.
Presence of pipeline drugs and their expected commercialization is anticipated to boost penetration rates over the forecast period. For instance, Ramucirumab (Cyramza) by Eli Lilly and Company was approved by the FDA for use in combination with Folfiri for the treatment of patients with metastatic colorectal cancer.
Technology advancements in the field of epigenetics especially pertaining to the detection of methylation markers related to cancer development is expected to improve usage rates during the forecast period. For instance, Epi proLung BL Reflex Assay by Epigenomics helps in the diagnosis of lung cancer by determining methylation of SHOX2 biomarker gene.
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Further key findings from the report suggest:
Grand View Research has segmented the global epigenetics market on the basis of product, technology, application and region:
Epigenetics Product Outlook (Revenue, USD Million, 2015 – 2022)
Epigenetics Technology Outlook (Revenue, USD Million, 2015 – 2022)
Epigenetics Application Outlook (Revenue, USD Million, 2015 – 2022)
Epigenetics Market Regional Outlook(Revenue, USD Million, 2015 – 2022)
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