Epigenetics Market was Valued at US$ 1.2 Bn in 2018Posted by venkatakiran on November 11th, 2019 Global Epigenetics Market was Valued at US$ 1.2 Bn in 2018, Owing to Rising Support from the Government & Funding from Public and Private Bodies Analyst Speak:
“The Global Epigenetics Market was valued at US$ 1.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing prevalence of cancer and declining sequencing costs and time” Precision Business Insights (PBI) in its report titled “Global Epigenetics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global epigenetics market was valued at US$ 1.2 Mn in 2018 and growing at a CAGR of 12.5% over the forecast period owing to lessening sequencing costs, growing research activities, sponsorships for epigenetics research, increasing occurrence of cancer and rising applications of epigenetics in non-oncology diseases. Intensifying application areas of epigenetics in non-oncology diseases, personalized medicine, and target therapy are anticipated to create lucrative opportunities for the market players over the forecast period. Rising prevalence of cancer is the major parameter driving the growth of the market. For instance, According to ACS, in the US, the number of new cancer cases (excluding carcinoma in situ of any site) is projected to rise to 1,688,780 in 2017 from 1,685,210 in 2016, while the total number of cancer-related deaths will increase to 600,920 from 595,690 during the same period. High cost of instruments and dearth of trained professionals are expected to hamper the growth of the market over the forecast period. Global epigenetics market segmented on the basis of product, application, technology, end user, and region. For More Information: https://www.precisionbusinessinsights.com/market-reports/global-epigenetics-market/ About Us: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Contact Us: Shreya Paul Senior Business Development Executive Email @ shreya@precisionbusinessinsights.com Call @ +1-866-598-1553 Precision Business Insights Toll Free (US): +1-866-598-1553 Like it? Share it! More by this author |