Digital Genome Market: Segmentation Application, Technology & Market Analysis Report 2018-2026 By Prominent Players Like Illumina, Inc., PerkinElmer, Inc., Pacific Biosciences of California, Inc., Thermo Fisher Scientific Inc.

Digital genome is powerful tool to analyze personal genome patterns in digital way to precisely detect any gene alteration. It is majorly used in molecular diagnosis of wide variety of disease such as cancer, infectious disease, organ transplant, and pre-natal health monitoring. Increasing incidence of infectious diseases among the global population and increasing adoption of personalized medicines for the disease treatments using patient’s genetic information are expected to aid in offering targeted treatment. This in turn is expected to create lucrative growth opportunities for the digital genome market in the near future. The Global Digital Genome Market is estimated to be valued at US$ 7,594.8 million in 2018, and is expected to witness a CAGR of 10.9% during the forecast period (2018–2026).

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Market Dynamics

Engagement of various key players and government regulatory organizations to launch digital genome-based products and services to conduct extensive research and development (R&D) in development of personalized medicines for cancer, diabetes, and other infectious diseases are expected to drive growth of the global digital genome market. Furthermore, integration of Artificial Intelligence (AI) to efficiently analyze the complex genome data and thereby, easy utilization of these genomic data by heathcare professionals, clinicians, and researchers is expected to increase adoption of digital genome technologies over the forecast period.

Increasing research in genomics and rising investments, grants, and funds by government in the field genomics are creating opportunity for the digital genome developers and providers.

For instance, the Genomics R&D Initiative (GRDI) based in Canada cooperates with other federal science departments and agencies such as Agriculture and Agri-Food Canada, the Canadian Food Inspection Agency, Environment and Climate Change Canada, the National Research Council of Canada, Natural Resources Canada, among others to carryout vital genomic research. According to the Genomics R&D Initiative (GRDI) June 2017: GRDI receives around US$ 20 million annually from Government of Canada (GoC) to conduct this research.

Increasing Technological Advancement in Digital Genome field is expected to augment the Market Growth

Increasing technological advancements and growing awareness related to use of genomes for diagnosis of diseases such as cancer, diabetes, and Attention Deficit Hyperactivity Disorder (ADHD) are expected to drive growth of the digital genome market. For instance, in February 2018, the National Human Genome Research Institute (NHGRI) launched a strategic planning, which will establish a 2020, vision for genomics research aimed at accelerating scientific and medical breakthroughs. Furthermore, in the development of this strategic planning, the institute will engage experts and diverse public communities to identify diverse areas of genomics, which will expand the novel applications in human health and disease treatments.

Increasing Adoption of Personalized Medicine is expected to propel the Market Growth

Increasing inclination towards using genome to predict reaction of medication for safe and effective treatment of cancer, Attention Deficit Hyperactivity Disorder (ADHD), diabetes for personalized and safe treatment to choose most appropriate treatment for ADHD, and nutrition profiling where DNA is used to prevent development of chronic diseases are expected to be major growth drivers for the digital genome market.

According to the World Health Organization (WHO), cancer is one of the leading causes of morbidity and mortality across the world, with around 14 million new cases reported worldwide in 2012. The World Health Organization (WHO) also suggests that 30-50% deaths caused due to cancer can be prevented by adequate treatment in early stages and can drastically reduce risk factors. In these scenario, personalized medicine offers most promising approaches to tackle diseases, which have far eluded effective treatments or cures.

Competitive Landscape

Key companies covered as a part of this study include, Illumina, Inc., PerkinElmer, Inc., Pacific Biosciences of California, Inc., Thermo Fisher Scientific Inc., Oxford Nanopore Technologies Limited, Nanostring Technologies, Inc., IBM Corporation, Google LLC, Amazon.com, Inc., Deep Genomics, Deep Genomics, Deep Genomics, Desktop Genetics Ltd., and Ancestry.com LLC.

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Among region, North America is expected to be the most attractive region for digital genome market due to presence of key players in the region, which are majorly involved in gaining regulatory product approvals and launches of innovative digital genome-based products and technologies in this market. Increasing awareness regarding personalized medicines and its effectiveness in the targeted treatment of cancer and various other infectious diseases, will lead to generate increased demand for digital genome technologies in near future, in these region.

Expanding healthcare infrastructure in emerging economies such as India and growing incidence of disease burden in this country are contributing to growth of the digital genome market in Asia Pacific. For instance, in October 2017, Genome India Project was launched in the northeast region of India, which involves Whole Genome Sequencing (WGS) of over 2,000 individuals of different ethnic, linguistic, and social-cultural section of the northeastern states. This genetic information will be helpful in reducing disease burden by the application of personalized medicine.

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