According to Digital Genome Market 2019 Global Industry Analysis To 2027, report on “Global Digital Genome Industry” Published by Market Research Future, The Global Digital Genome Market to Record an Exponential CAGR by 2027
Digital Genome Market Overview
Digital genome technology has the potential to revolutionize healthcare by providing patients more personalized remedies to their maladies. In an age where your genomic makeup can be stored on a USB stick, digital genome technology has become an important tool for the healthcare sector. Digital genome technology can help us unravel some of the most pressing concerns affecting the healthcare sector at present. Cancer, neurodegenerative diseases like dementia and Alzheimer’s, and heart diseases, among others, have a strong genetic component. Having the individual’s DNA available in an easily accessible digital format can only be a good thing in terms of finding a cure for the said diseases.
The growing prevalence of neurodegenerative diseases among the geriatric population is likely to be a major driver for the global digital genome market. The growing geriatric population around the world is thus likely to act as a key driver for the global digital genome market. On the other hand, making digital genome technology accessible to common users, in terms of costs, is likely to be the major challenge facing the largest players in the digital genome market.
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Digital Genome Market Competitive Analysis:
Leading players in the global digital genome market include Umbel, BiogeniQ, GenomeMe, NanoString, and Illumina Inc. The growing number of opportunities on offer in the digital genome market is likely to lead to an increasing number of new players staking a claim in the global market in the coming years.
Digital Genome Industry News:
In SynBioBeta 2019 in San Francisco, Inscripta announced Onyx, their new platform for digital genome engineering. Onyx is the world’s first fully automated digital genome engineering platform.
Digital Genome Market Segmentation:
The global digital genome market is segmented on the basis of product, application, end use, and region.
On the basis of product type, the global digital genome market is segmented into sequencing services, sequencing instruments, sequencing consumables, bioinformatics, and sample preparation kits and reagents.
On the basis of application, the global digital genome market is segmented into diagnostics, agriculture and animal research, personalized medicine, and drug discovery and treatment analysis.
On the basis of end use, the global digital genome market is segmented into research centers and government institutes, academic institutes, pharmaceutical and biotechnology industries, hospitals, and diagnostic centers.
The Americas is likely to dominate the global digital genome market over the forecast period, followed by Europe and Asia Pacific. The growing prevalence of diseases such as cancer in North America is likely to be a major driver for the global digital genome market over the forecast period. Cancer can be effectively scanned and treated with the help of digital genome technology, leading to the widespread incorporation of the latter in treatments for the former. This is likely to remain a major driver for the global digital genome market over the forecast period, as cancer is likely to remain a major healthcare concern in North America over the forecast period, thus driving the demand for accessory technologies such as digital genome technology. The growing demand for personalized medication in North America is also likely to be a major driver for the global digital genome technology market over the forecast period.
The Europe market is also likely to be driven by the growing demand for personalized medication in the region. Personalized medication has become the norm in European healthcare in recent years, thanks to the latest advancements in digital genome and related technologies. This is likely to be a major driver for the global digital genome market over the forecast period.
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