Press release
DNA Methylation Detection Technology Market Growth Accelerated by Increasing Use in Translational Research and Diagnostic Procedures
DNA Methylation Detection Technology Market
According to the latest research by InsightAce Analytic, the Global DNA Methylation Detection Technology Market is valued at US$ 2.73 Bn in 2023, and it is expected to reach US$ 7.85 Bn by 2031, with a CAGR of 14.40% during the forecast period of 2024-2031.
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DNA methylation detection technology offers valuable insights into gene regulation and the potential identification of biomarkers. Abnormal DNA methylation has been associated with a variety of diseases, including cancer, obesity, and addiction. The global market for DNA methylation detection technologies has made significant impacts across the medical, biotechnology, pharmaceutical, and academic research sectors. As a critical tool in molecular biology for the early detection of disease biomarkers, DNA methylation is expected to propel the growth of the market. DNA methylation research, particularly in cancer studies, is expanding within both academic institutions and the broader cancer research community. With the increasing global prevalence of various cancers, early detection methods such as DNA methylation are gaining greater attention. The pharmaceutical industry is actively exploring non-traditional diagnostic techniques to support the early diagnosis of genetic disorders, further contributing to the anticipated market growth. However, the shortage of skilled biotechnology professionals to conduct DNA methylation testing and research may pose a challenge to the continued expansion of the industry.
List of Prominent Players in the DNA methylation Detection Technology Market:
• New England Biolabs
• Abcam plc.
• F. Hoffmann-La Roche Ltd.
• Thermo-Fisher Scientific Inc.
• Agilent Technologies Inc.
• BioRad Laboratories Inc.
• Exact Sciences Corporation
• QIAGEN N.V.
• Illumina Inc.
• Pacific Biosciences Inc.
• Merck KGaA
• PerkinElmer Inc.
• Enzo Life Sciences, Inc.
• Takara Bio Inc.
• Hologic, Inc.
Market Dynamics:
Drivers-
The growing demand for DNA methylation detection technology is driven by its increasing application as an epigenetic marker. The key factors contributing to its significance include the ability to diagnose diseases at an early stage, tailor medical treatments to individual patient needs, and enhance the understanding of disease progression. As research and technological advancements continue to evolve, the role of DNA methylation in healthcare is expected to expand, further propelling the development and growth of the market.
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Challenges:
The primary challenges facing the DNA methylation detection technology market include insufficient technological expertise, a shortage of qualified professionals, and the lack of standardized protocols, particularly in emerging markets where disruptions from lockdowns and isolation have further hindered progress. The demand for skilled biotech professionals to conduct DNA methylation experiments and research is high, yet there remains a significant gap in qualified laboratory personnel. This shortage of expertise may lead to inaccurate observations, faulty data processing, and unreliable conclusions. Additionally, the current low utilization of DNA methylation testing in commercial applications, particularly as a medical diagnostic tool for detecting genetic abnormalities, presents a further obstacle to market expansion.
Regional Trends:
The North American DNA methylation detection technology market is expected to capture a significant share of the revenue, with strong growth projected due to an extensive network of production and R&D facilities, a high volume of product approvals, and a favorable business environment. The increasing demand for protein expression systems also contributes notably to market growth. Furthermore, Europe holds a substantial market share, driven by the rising adoption of DNA methylation technologies in oncology and epigenetic research institutions.
Recent Developments:
• In February 2024, Agilent Technologies Inc. (NYSE: A) and Incyte collaborated on developing and promoting Incyte's hematology and oncology product lines. This agreement will leverage Agilent's expertise in companion diagnostics (CDx).
• In February 2024, Bio-Rad Laboratories, Inc., recently launched the Vericheck ddPCRTM Replication Competent Lentivirus Kit and the Vericheck ddPCR Replication Competent AAV Kit. For the safe and effective production of cell and gene therapies, the kits offer quick and affordable solutions for the absolute quantification of replication-competent lentivirus (RCL) and replication-competent adeno-associated virus (RCAAV).
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Segmentation of DNA Methylation Detection Technology Market-
DNA Methylation Detection Technology Market- By Product
• Consumables
• Instruments
• Software
DNA Methylation Detection Technology Market- By Technology
• Polymerase Chain Reaction (PCR)
• Microarray
• Sequencing
• Other Technologies
DNA Methylation Detection Technology Market- By Application
• Translational Research
• Diagnostic Procedure
DNA Methylation Detection Technology Market- By End User
• Contract Research Organization (CRO)
• Research and Academic Laboratories
• Biopharmaceutical and Biotech Companies
• Other End User
DNA Methylation Detection Technology Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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