Digital Genome Market 2027 TOp KEy Players are Umbel, BiogeniQ, GenomeMe, NanoString, and Illumina Inc.

Market Research Future (MRFR) has announced a new release on the global digital genome market. The report profiles the digital genome market’s historical growth drivers and restraints and provides readers with accurate projections regarding the market’s likely growth trajectory over the forecast period. The key segments and leading players in the global digital genome market are also profiled in the report.

Digital genome technology provides physicians the ability to acquire a digital print of a patient’s genome. The genome is sequenced and provided in a digital format, allowing physicians to provide targeted and personalized treatment based on the unique identification provided by the patient’s genetic structure. The increasing demand for personalized treatment is likely to be a major driver for the global digital genome market. The benefits of personalized medicine, such as more effective treatment and less risk of adverse side-effects, are likely to drive the demand for more personalization of medicine in the coming years.

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Digital genomes can be particularly helpful in diseases that involve the genetic makeup of a person. Diseases such as cancer, considered among the most difficult diseases to treat at present, and Alzheimer’s, a growing threat among the geriatric population, can be treated with much more efficacy with digital genome technology. The precise information about a person’s genetics obtained from a digital genome can allow physicians to prepare highly targeted therapies that raise the chances of a successful recovery. The growing prevalence of cancer is thus likely to be a major driver for the global digital genome market over the forecast period, while the growing geriatric population is also likely to drive the demand for digital genome technology in the treatment of neurodegenerative diseases such as Alzheimer’s and Parkinson’s.

On the other hand, concerns regarding the possible misuse of the highly personal information represented in a digital genome could hamper the digital genome market’s growth over the forecast period.

Competitive Analysis:

Leading players in the global digital genome market include Umbel, BiogeniQ, GenomeMe, NanoString, and Illumina Inc.

Segmentation:

The global digital genome market is segmented on the basis of product, application, end-user, and region.

The global digital genome market is segmented by product into sequencing services, sequencing instruments, sequencing consumables, bioinformatics, and sample preparation kits and reagents.

By application, the market is segmented into diagnostics, agriculture & animal research, personalized medicine, drug discovery, and treatment analysis.

On the basis of end-user, the digital genome market is segmented into research centers and government institutes, academic institutions, pharmaceutical & biotechnology industries, hospitals, and diagnostic centers.

Regional Analysis:

The global digital genome market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa on the basis of region.

The North America regional market emerged as the leader in the global digital genome market in 2017 and is likely to remain in the top position over the forecast period due to the growing prevalence of cancer in the region. Cancer research in North America is also primed for a wave of new technologies and methods, as it is among the most prolific regions in terms of new innovations in cancer research. The high potential of digital genome technology in advancing cancer research and treatment is likely to drive the digital genome market in North America over the forecast period. The growing geriatric population in North America is also likely to be a major driver for the digital genome market in the region, as the growing geriatric population has driven up the rate of neurodegenerative diseases such as Alzheimer’s. Research on neurodegenerative diseases is also rife in North America, which could also prove important for the digital genome market’s growth over the forecast period.

Europe is also likely to be a key regional market for digital genome technology over the forecast period due to the growing preference of personalized medicine in the region. The growing biotech sector in Europe is also conducive for rapid growth of the digital genome market over the forecast period.

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This release was published on openPR.