Epigenomics: Emerging Opportunities in Biomarkers, Diagnostics and Therapeutics
Total worldwide sales revenues for epigenomics markets were $930.6 million in 2009, and are expected to increase to more than $6 billion in 2014, a compound annual growth rate (CAGR) of 45%.
The largest epigenomic market segments in 2009 were pharmaceuticals and research tools. Pharmaceuticals revenues will increase from $590 million in 2009 to nearly $4 billion in 2014, a compound annual growth rate (CAGR) of 46%.
Sales of epigenomics-based in-vitro diagnostics will experience high growth. This market segment was worth $27 million in 2009 and will increase at a 114% compound annual growth rate (CAGR) to reach a value of $1.2 billion in 2014.
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The global market for epigenomics was $161.8 million in 2005 and $263.2 million in 2006. The market will cross $385 million by 2007 and at a compound annual growth rate (CAGR) of 60.4% will reach nearly $4.1 billion by 2012.
Drug applications for epigenetics are by far the largest sector of the market. These drugs will hold 61% of the total global market in 2007 and will grow to over a 65% market share by 2012.
Epigenetic diagnostics has the most potential for growth through the forecast period. In 2006 and 2007 its applications were negligible, but by 2012 this booming sector will be worth over $947 million.