Press release
2018 Industry Insights on Digital Genome Market|Key Players are: QIAGEN, BioMarin Pharmaceutical Inc., PerkinElmer, Inc., Illumina, Agilent Technologies, Fluidigm Corporation, Pacific Biosciences
Digital Genome Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Thermo Fisher Scientific
• QIAGEN
• Sigma-Aldrich
• PerkinElmer, Inc.
• QIAGEN
• BioMarin Pharmaceutical Inc.
• Illumina
• Agilent Technologies
• Fluidigm Corporation
• Pacific Biosciences
• Agios Pharmaceuticals
• AVEO Oncology
Biotechnology innovation has enabled development of genetically modified organisms (GMOs) in order to introduce specific improvements or traits. Successful production and commercialization of such modified organisms should stimulate business growth. Extensive applications in clinical diagnosis and research will also contribute to industry growth.
Effective disease management strategies for chronic ailments and growing number of private and public investments and grants are forecast to propel digital genome market growth over the forecast years.
Research and development led the digital genome market share, with projections to surpass USD 23 billion by 2024. Growing number of public and private investments and surge in research funds should drive industry expansion.
Microbiology applications held over 22% of the revenue in 2015 with expectations to reach over USD 10 billion by 2024. Increasing industrial, biological and clinical application of microbes should accelerate segment growth.
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Biopharmaceutical companies contributed more than 45% to the digital genome market share in 2015. Extensive application of genome sequencing technologies for development of targeted therapies should spur industry growth. Other industry segments such as hospitals, research institutes and diagnostic laboratories should strive to seize business share over the coming years.
Academic research institutes are set to witness high growth owing to increasing funding from investors for development of novel technologies, instruments and services. Early investors are trying to reap significant profits by investing in relatively new and less explored ecosystem.
Digital Genome Market By End-Use
• Diagnostics & Forensic Labs
• Academic Research Institutes
• Hospitals
• Bio-pharmaceutical companies
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