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The global market for epigenetics in terms of revenue is estimated to be worth $2.6 Billion in 2012 and is expected to reach $8 Billion by 2017, growing at a CAGR of 25% from 2012 to 2017. Over the last decade, genomics and proteomics have been used as key tools to discover potential drug targets and to better understand the complexities of biology. To balance research in these areas, epigenetics offers a potential opportunity in understanding the basis of various diseases in a different approach. Thus, epigenetics is study of heritable changes in genome function and gene expression had opened the new gate of biology to understand the basis of diseases and presents incredible opportunities for disease diagnosis and drug discovery.
The Global Epigenetics market is showing a double digit growth (CAGR 25%) due to supportive factors such as, (i) huge amount of funds and investments, (ii) increasing partnerships and collaborations, and (iii) rapid screening tools. Epigenetics is used in the identification of new epigenetic biomarkers, which will aid in better diagnosis and prognosis of diseases. While there are factors favoring the market growth, there are concerns such as change in re-imbursement systems and lack of predictive markers holding back the growth of this market. However, the positive aspects in this field may very well offset the market restraints to aid the market grow at an exceptional rate.
Strong academic research, high demand for treatment of cancer and non-oncology conditions, rapid screening tools are some of the factors driving the epigenetics market. Therapeutic applications in non-oncology indications such as inflammatory diseases, autoimmune diseases, neurodegenerative disorders and personalized medicine are some high growth and emerging areas that are expected to drive the global market of epigenetics in coming years.
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