The Epigenetics Market size in the Middle East & Africa is estimated to reach USD 131.09 million by 2027 from a market value of USD 79.57 million in 2022, registering a CAGR of 10.5% during the forecast period.
The increasing prevalence of chronic diseases such as cancer and other targeted diseases drives the MEA Epigenetics market. Also, the growing geriatric population, rising awareness about Epigenetics are expected to augment the market growth. Other growth-inducing factors include creating DNA and RNA modifying enzymes such as acetylases, methyltransferases, reverse transcriptase, and ligases and introducing sensitive and selective testing and instruments.
In addition, increasing funding for epigenetics research and a growing number of applications of epigenetics in non-oncology diseases boost the market growth during the forecast period. On the other hand, the growth opportunities in developing countries such South Africa, UAE, and Saudi Arabia are estimated to provide lucrative growth opportunities to the market players. However, growing partnerships between academic, pharmaceutical, and biotechnology companies expand the MEA Epigenetics market.
Moreover, the unexpected outbreak of coronavirus disease (COVID-19), on the other hand, presents market participants with growth opportunities. Various research institutes, for example, are conducting advanced epigenetic testing to study the virus's influence on the human genome and creating methods for early detection, risk assessments, and personalized therapies. Further, the region's major players are conducting R&D activities in the biotechnology field due to the growing funding by the government and private organizations.
The main factors limiting the epigenetics market growth are the scarcity of qualified people at diagnostic centers who can use the systems and the high costs of the equipment and treatment choices. In addition, the absence of government payment systems, particularly in emerging countries, and a lack of awareness of various epigenetic techniques are expected to hinder the market growth.
This research report on the MEA Epigenetics Market has been segmented & sub-segmented into the following categories:
By Research Area:
By Instruments & Consumables:
The MEA is projected to register a considerable share in the Epigenetics market during the forecast period. Government initiatives for encouraging the development of biopharmaceutical and biotechnology companies in the MEA are propelling market growth. In recent years, many companies researching techniques to detect methylation-induced DNA alteration have remained relatively constant. The developing countries such as South Africa, Saudi Arabia, and UAE significantly contribute to the MEA regional market growth.
South America is anticipated to be the major country to have a significant share in the Epigenetic market. The market growth is attributed to the improving healthcare sector, growing adoption of applications in non-oncology diseases, and increasing healthcare expenditure. Moreover, a growing partnership between academic, biotechnology, and pharmaceutical companies to provide lucrative growth opportunities for the market players is expanding the market growth.
On the other hand, Saudi Arabia and UAE are projected to witness a promising share during the forecast period. The proliferation of cancer, the growing geriatric population, and improving technological advancement in the healthcare sector. Also, advancing healthcare infrastructure, favorable government funding, and rising healthcare expenditure fuel market growth.
KEY MARKET PLAYERS:
Companies such as Abcam plc., Illumina, Inc., QIAGEN N.V., Merck & Co., New England Biolabs, Inc., Sigma-Aldrich Corporation, Thermo Fisher Scientific, Inc., Active Motif, Diagenode, Inc., and Zymo Research Corporation are playing a leading role in the MEA Epigenetics Market.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
188.8.131.52 DNA-Modifying Enzymes
184.108.40.206 Protein-Modifying Enzymes
220.127.116.11 RNA-Modifying Enzymes
5.1.3 Instruments & Consumables
18.104.22.168 Mass Spectrometers
22.214.171.124 Next-Generation Sequencers
126.96.36.199 Bisulfite Conversion KITS
188.8.131.52 Chip-Sequence KITS
184.108.40.206 RNA Sequencing KITS
220.127.116.11 Whole-Genome Amplification KITS
18.104.22.168 5-HMC and 5-MC Analysis KITS
22.214.171.124 Magnetic Beads
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2 Research Area
5.2.2 Developmental Biology
5.2.4 Drug Delivery
5.2.5 Y-o-Y Growth Analysis, By Research Area
5.2.6 Market Attractiveness Analysis, By Research Area
5.2.7 Market Share Analysis, By Research Area
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Research Area
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Research Area
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Research Area
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Abcam plc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Illumina, Inc.
8.3 QIAGEN N.V.
8.4 Merck & Co.
8.5 New England Biolabs, Inc.
8.6 Zymo Research Corporation
8.7 Sigma-Aldrich Corporation
8.8 Thermo Fisher Scientific, Inc.
8.9 Active Motif
8.10 Diagenode, Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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