Blockchain In Genomics Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Blockchain In Genomics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Blockchain In Genomics Market?
The market size of blockchain in genomics has seen a tremendous surge in recent times. The market is predicted to expand from $0.84 billion in 2024 to $1.01 billion in 2025, achieving a compound annual growth rate (CAGR) of 20.8%. The significant growth during the historic period is attributed to advancements in genomics, increased usage of digital tools, the digitization of medical services utilized by patients, growing interest in blockchain technologies and their potential, and a heightened understanding of the benefits that blockchain can bring to genomics.

Expectations are high for a robust expansion in the genomics blockchain market in the years ahead. By 2029, the market size is projected to reach $2.01 billion, growing at an impressive compound annual growth rate (CAGR) of 18.7%. Factors fueling this expansion include the escalating need for secure, efficient systems for genomic data storage and retrieval, the inflection point of blockchain-powered solutions for genomic data distribution, the surge in genomics research and development activities, and the boost in government investment in healthcare research. A slate of trends forecast for this period consists of advanced blockchain-based tech for genetic data storage and recovery, tech improvements and pioneering development, surges in investment and funding, and the use of blockchain in bioinformatics.

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What Are the Different Blockchain In Genomics Market Segments?
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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What Are the Primary Drivers Shaping the Blockchain In Genomics Market?
The escalating utilization of digital tools is predicted to stimulate the expansion of the blockchain in genomics market. The integration of advanced digital resources into work systems to enhance productivity and achieve goals is rapidly increasing. The global pandemic of COVID-19 significantly accelerated this digital adoption, as physical restrictions and social distancing measures necessitated the usage of digital tools for communication, education, commerce, and recreation. Blockchain in genomics leverages digital tools like software, hardware, and web platforms to augment the safety of genomic data through encryption, thus assuring its confidentiality and protection. For instance, a report from Luxembourg's government agency Eurostat, released in May 2024, stated that in 2023, 8.5% of the EU population aged 16-74 engaged in online consultations using the internet. Hence, the burgeoning need for digital health solutions propels the growth of the blockchain in genomics market. The advancement of the blockchain in genomics market is also being fueled by the increasing demand for personalized medicine. Personalized medicine is an approach that customizes healthcare decisions and medical treatments based on each patient's unique characteristics. As chronic diseases like cancer, heart disease, and diabetes persist, there is an increasing demand for precision therapies tailored to the specific triggers and progress of each patient's disease. Blockchain in genomics plays a crucial role in this aspect by securely storing and sharing genomic data, ensuring patient privacy while still enabling researchers and healthcare practitioners to access the information necessary to deliver personalized treatments. For instance, the Personalized Medicine Coalition, a US-based organization reported in 2022 that the Food and Drug Administration's Center for Drug Evaluation and Research (CDER) authorized 37 new molecular entities (NMEs) in the same year. Out of the 35 therapeutic NMEs, around 34%, or 12 of them, are recognized as personalized medicines by the Personalized Medicine Coalition (PMC). Therefore, the escalating demand for personalized medicine accelerates the expansion of the blockchain in genomics market.

Which Companies Are Leading in the Blockchain In Genomics Market?
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 Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Blockchain In Genomics Market?
2. What is the CAGR expected in the Blockchain In Genomics Market?
3. What Are the Key Innovations Transforming the Blockchain In Genomics Industry?
4. Which Region Is Leading the Blockchain In Genomics Market?

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