Digital Genome Market is projected to reach US$ 20,812.81 million 2027

According to The Insight Partners market research study of 'Digital Genome Market to 2027 - Global Analysis and Forecasts by Product, Application, and End User,' the global digital genome market is expected to reach US$ 20,812.81 million in 2027 from US$ 11,065.31 million in 2019. The market is estimated to grow at a CAGR of 8.4% from 2020 to 2027. The report highlights trends prevailing in the global digital genome market and the factors driving market along with those that act as hindrances.

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THERMO FISHER SCIENTIFIC INC., F. HOFFMANN-LA ROCHE LTD, Illumina, Inc., QIAGEN, GenomeMe, NanoString Technologies, Inc., BD, bioMerieux SA, GenMark Diagnostics, Inc., and Perkin Elmer, Inc. are among the leading companies operating in the digital genome market.

Reports Benefits:

Digital genome is a complete digital set of genetic material that present in an organism or a cell. Digital genome technology deals with genes and their functions to find the causes behind the chronic diseases and also to fix them. The technology is associated with the advancements that help to make healthcare more personal and more effective for the treatment. Moreover, the digital genome is an easier way of gathering information about the chronic disease. The technology is used by the professionals to get a closer look of genetic composed diseases, such as cancer. Digital genome acts as a supporter that enables instant access to trait combinations to solve apparently endless custom queries.

Market Insights

Growing Funding for Genomics - Genomic sequencing technology is rapidly transitioning into clinical practice, and implementation of the same into healthcare systems has been supported by substantial government investment, accounting for ~US$ 4 billion in at least 14 countries. These national genomic-medicine initiatives are driving transformative change under real-life conditions while simultaneously addressing barriers to implement and gather evidence for broader adoption, thereby driving the market growth. Moreover, the UK has announced the world's largest genome project as part of 200 million public-private collaboration between charities and pharmaceuticals.

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Product-Based Insights - Based on product, the digital genome market is segmented into DNA/RNA analysis, sequencing chips, sequencing and analyzer instruments, sample prep instruments, sequencing and analysis software. The sequencing and analyzer instruments segment held the largest share of the market in 2019, owing to the advantages such as growing adoption of sequencing of analyzing instruments by pharmaceutical and biopharmaceutical companies in advanced economies.

Application-Based Insights - Based on application, the digital genome market is segmented into diagnostics, agricultural, academic research, drug discovery, personalized medicine, and other applications.

The report segments global digital genome market as follows:

By Product -

Sequencing and Analyzer Instruments
DNA/RNA Analysis
Sequencing Chips
Sample Prep Instruments,
Sequencing and Analysis Software

By Application -

Diagnostics
Agricultural
Academic Research
Drug Discovery
Personalized Medicine
Other Application

By End User -

Diagnostics and Forensic Labs
Academic Research Institutes
Hospitals
Other End User

Drivers - The digital genome market is expected to grow owing to factors such as increasing prevalence of chronic diseases and growing funding for genomics. However, dearth of skilled professionals is likely to restraint the growth of the market during the forecast years.

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Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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