Impact Of Rising Digital Tool Adoption On Blockchain In Genomics Market Driver: Leading Transformation in the Blockchain In Genomics Market in 2025

What industry-specific factors are fueling the growth of the blockchain in genomics market?
The burgeoning use of digital tools predicts a positive growth trajectory for the blockchain in genomics market in the future. The process of integrating new-age digital systems and tools to enhance working procedures and attain goals is known as digital adoption. The unexpected onset of the global COVID-19 pandemic ended up being a significant driving force for digital adoption, with quarantine measures and social distancing guidelines necessitating the use of digital resources for communication, education, shopping, and recreational purposes. Digital resources like software, hardware, and online platforms are employed in blockchain in genomics to elevate the security and encryption levels for genomic data, thereby ensuring its protection and confidentiality. For example, as indicated by a May 2024 report by Eurostat, a Luxembourg-based government agency, 8.5% of the European Union's population aged between 16 and 74 years utilized the internet for online consultations in 2023. Thus, the escalating demand for digital healthcare solutions is fuelling the expansion of the blockchain in genomics market. Blockchain In Genomics Market Driver: Influence Of Personalized Medicine On The Expansion Of The Blockchain In Genomics Market

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What Is the projected market size and growth rate for the blockchain in genomics market?
In recent times, the market size of blockchain in genomics has witnessed significant expansion. The projection shows an increase from $0.84 billion in 2024 to $1.01 billion in 2025, marked by a compound annual growth rate (CAGR) of 20.8%. The factors contributing to this historical growth include advancements in genomics, the growing use of digital tools, the conversion of patient healthcare services to digital format, increasing interest and trust in the potentials of blockchain technologies, and a heightened awareness about the potential advantages blockchain could bring to genomics.

The expectation for the blockchain in genomics market is to experience a swift expansion in the forthcoming years. The market which is projected to reach a value of $2.01 billion by 2029, is poised to grow at an impressive compound annual growth rate (CAGR) of 18.7%. Several factors contribute to this projected growth within the forecast period, including a rise in demand for secure and efficient ways of storing and retrieving genomic data, broader acceptance of blockchain-based solutions for sharing genomic data, increased funding in genomics research and development, and enhanced government investment in healthcare research and development. The forecast period will also witness trends such as advancements in the blockchain-based technologies essential for genomic data storage and retrieval, progressive technological developments, creative breakthroughs, augmented funding and investment, and the application of blockchain in bioinformatics.

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What major market segments define the scope and growth of the blockchain in genomics market?
The blockchain in genomics market covered in this report is segmented -

1) By Service: Utility Tokens, Blockchain Platforms
2) By Business Model: Business-To-Business (B2B) Business Model, Business To Consumer (B2C) Business Model, Consumer-to-Business (C2B) Business Model
3) By Application: Automated Health Insurance, Pharmaceutical And Biotechnology Companies, Hospitals And Healthcare Providers, Research Institutes, Data Owners, Other End Users

Subsegments:
1) By Utility Tokens: Access Tokens, Functional Tokens
2) By Blockchain Platforms: Public Blockchain Platforms, Private Blockchain Platforms, Consortium Blockchain Platforms

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Which region dominates the blockchain in genomics market?
North America was the largest region in the blockchain in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the blockchain in genomics industry growth?
Major companies operating in the blockchain in genomics market report are International Business Machines Corporation, Sharecare Inc., WuXi Nextcode Genomics Inc., Health Utility Network Inc., Chronicled Inc., Medicalchain Ltd., Akiri Inc., Futura Genetics LLC, Nebula Genomics Inc., Medicalchain SA, Digital DNAtix Ltd., EncrypGen Inc., Longenesis, Guardtime AS, ProCredEx LLC, Embleema Inc., Patientory Inc., Shivom Ventures Limited, BurstIQ LLC, Genobank.io Inc., LunaDNA LLC, SimplyVital Health Inc., Zenome.io Ltd., Coral Health Research & Discovery Inc., FarmaTrust Holdings Limited

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What Is Covered In The Blockchain In Genomics Global Market Report?

• Market Size Forecast: Examine the blockchain in genomics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the blockchain in genomics market for a structured understanding.
• Key Players Overview: Analyze major players in the blockchain in genomics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blockchain in genomics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the blockchain in genomics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blockchain in genomics market.
• Industry Challenges: Identify potential risks and obstacles affecting the blockchain in genomics market.
• Competitive Landscape: Review strategic developments in the blockchain in genomics market, including expansions, agreements, and new product launches.

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