DNA Methylation Detection Technology Market Report Charts Growth Trajectory

JERSEY, NJ, US, April 2, 2024 /EINPresswire.com/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global DNA Methylation Detection Technology Market- (By Product (Consumables, Instruments and Software), By Technology (Polymerase Chain Reaction (PCR), Microarray, Sequencing and Other Technologies), By Application (Translational Research and Diagnostic Procedure), By End-user (Contract Research Organization (CRO), Research and Academic Laboratories, Biopharmaceutical and Biotech Companies, And Other End User)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

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.

DNA methylation detection technology study reveals a treasure trove of information regarding gene regulation and the potential identification of biomarkers. Unnatural DNA methylation has been linked to a wide range of disorders, including cancer, obesity, and addiction. An international market for DNA methylation detection technologies has had far-reaching effects on the medical field, biotech, pharmaceuticals, and educational research. As a powerful tool in molecular biology for early illness biomarker detection, DNA methylation is likely to drive the DNA methylation market forward.

DNA methylation technologies in cancer research are rising in academia and the cancer research community. Early detection methods, such as DNA methylation, have gained more recognition due to the increasing global occurrence of various cancers. The pharmaceutical industry is looking for non-traditional diagnostic methods to help in the early diagnosis of genetic disorders. We expect this to be another key component that helps drive future market revenue growth. However, there is a need for more skilled biotech professionals to conduct DNA methylation tests and research, which could slow down the expansion of the industry.

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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).

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.

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Market Dynamics:

Drivers-

The growing demand for the DNA methylation detection technology market is fueled by the increasing utilization of this technology as epigenetic markers. The three main reasons for its significance are the capacity to diagnose diseases at an early stage, personalize medical therapies based on each patient's needs, and gain a better knowledge of disease progression. The importance of DNA methylation in healthcare is expected to rise as research and technology continue to advance, which will drive the market's development and growth.

Challenges:

The prime challenges are insufficient technological knowledge, a shortage of competent individuals, and a lack of norms and protocols because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the DNA methylation detection technology market. DNA methylation experiments and research need more skilled biotech professionals in the sector.

Although DNA methylation has shown encouraging outcomes in biotechnology, there is a severe shortage of qualified laboratory personnel to conduct these studies. Incorrect observations, faulty data processing, and incorrect conclusions could result from a lack of specialist knowledge. Another factor that could slow the market's expansion is the current low commercial DNA methylation testing usage level. The method has yet to be commercialized as a medical diagnostic tool for the detection of genetic abnormalities despite its wide range of applications in basic and applied genomics research.

Regional Trends:

The North American DNA methylation detection technology market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR soon due to the vast production and R&D facilities network, the abundance of product approvals and releases, and the general ease of doing business. Also contributing significantly to the growth of this field is the ever-increasing demand for protein expression systems. Besides, Europe had a substantial share in the market due to the increasing use of the technology in oncology and epigenetic research facilities.

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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

Priyanka Tilekar
Insightace Analytic Pvt. Ltd.
+91 94208 58007
email us here