The Global DNA Methylation Market size was valued at USD 1.5 Bn in 2020 and is expected to reach USD 4.5 Bn by 2027, with a growing CAGR of 17% during the forecast period
DNA methylation is defined as process of adding or removing methyl group (-CH3) into DNA strand. This addition of methyl group helps to alter or change the activity of DNA segment without changing the sequence. Presence of methyl group on gene promoter edge will repress gene transcription. DNA methylation process is used during gene editing, regulating tissue-specific gene expression and X-chromosome inactivation.
The driving factors for global DNA methylation market include growing prevalence of cancer diseases, decreasing treatment cost and increase in product approvals. Moreover, increase in application of DNA methylation in early-stage biomarkers in cancer detection fuels the growth of global DNA methylation market. Strong government support in terms of funding & grants for research activities and rise in number of key players boost the growth of DNA methylation industry.
Further, emerging innovative therapies & products and surge for the development of various testing options for cancer amongst companies drives the growth of global DNA methylation market.
DNA Methylation Market Segmentation:
By Product
By Technology
By Application
By Region
Based on product, consumables dominated the growth of DNA methylation market in 2020 due to rise in its diagnostics usage
Based on product, DNA methylation market is segmented into consumables, software and instruments. Consumables accounted for highest market share due to increase in usage of instant test and rise in demand for regular wear out use. Consumables are widely used in diagnosis process, DNA sequencing procedures. Increase in demand for high throughput results and fast result rate drive the growth of this segment in DNA methylation market.
Based on technology, polymerase chain reaction held maximum market share in 2020 and expected to increase more due to increase in its usage during DNA sequencing
Based on technology, DNA methylation market is segmented into Polymerase Chain Reaction (PCR) and microarray. Polymerase chain reaction segment accounted for the highest market share in 2020 due to increase in its application in diagnostics and DNA sequencing process. Increase in demand for PCR technology in diagnostics and genomics triggered the growth of DNA methylation. During covid-19, PCR technology gained immense importance as diagnostic procedure across the world.
Based on application, oncology segment accounted for the largest market share due to rise in incidence of cancer patients
Based on application, DNA methylation market segmented into oncology research, clinical applications, translational research and non-oncology research. Oncology segment accounted for the highest market share owing to increase in various types of cancer such as breast cancer, blood cancer, lung cancer. Moreover, rise in government funding for gene-based research, rise in healthcare expenditure and growing illness among geriatric population drives the growth of this segment in DNA methylation market.
Based on geographical region, North America held the largest share in DNA methylation market in 2020 and expected to increase more during forecast period due to rapid development of healthcare infrastructure
Based on region, North America accounted for the highest market share in 2020 due to presence of majority of players in this region. Moreover, immense network of manufacturing and R&D centers, rise in product launch & approvals and increase in demand for protein expression system thrives the growth of DNA methylation market in this region. Increase in manufacturing of vaccines, antibodies, insulin and hormones in this region, propels the growth of DNA methylation industry. In addition to this, United States is considered to be world’s largest spender on healthcare facilities and research across the globe. Aforementioned factors contribute to the expansion of DNA methylation market during forecast period.
Company Profiles and Competitive Intelligence
The key players operating in the DNA methylation market are:
The report also provides an in-depth analysis of DNA methylation market dynamics such as drivers, restraints, opportunities and challenges
Drivers
Restraints
Opportunities
Challenges
COVID-19 Impact on the DNA Methylation Market Analysis
Covid-19 has highly affected the industries in terms of growth, economy, health and mental wellbeing of every individual. In this challenging situation, every industry is trying to give best services in terms of quality and safety. Covid –19 outbreak has badly affected the growth of DNA methylation industry. Government restrictions on nation has affected the movement of personnel or products across the country. Manufacturing process, supply chain, import & export of goods/services declined due to lockdown.
Moreover, patients related to the genetic problems or long-lasting diseases patients were kept on hold and priority was given to the virus infected population. However, researchers have developed the application and usage of PCR and other genetic testing procedures in analysing the nature of coronavirus and related treatment. PCR has gained immense importance during pandemic due to its application in virus diagnosis. This fuelled the growth and rose the demand for DNA methylation market across the globe.
The report also provides an in-depth analysis of key trends in DNA methylation market
The report also provides an in-depth analysis of recent news developments and investments
The unique insights provided by this report also includes the following:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Log in / Register
