The latest report from Growth Plus Reports analyzes the production, applications, demand, major manufacturers, and SWOT analysis of the global digital genome Market.
The digital genome market report helps in deciding the best distribution methods for certain products and possible markets for future product launches. You can get insights into valuable data, statistics, trends, and competitive landscape through the TOC, Tables, and Charts presented in the report.
Key Takeaways:
- The increasing adoption of digital genomics will drive market revenue growth.
- Technological advancements will support the digital genome market growth.
- North America dominates the global digital genome market.
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Digital Genome Market Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 12.1 billion |
|
Revenue forecast in 2030 |
US$ 31.3 billion |
|
Growth Rate |
CAGR of 10% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
by product type, application, end user and region. |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers
The increasing adoption of digital genomics to develop an intelligent organization and digital genomics’ capacity to make significant advances in digital intelligence-driven business innovation will drive the revenue growth of the digital genome market. Furthermore, technological improvements such as incorporating machine intelligence, which allowed for numerous layers of information and evolved learning, will support market growth.
Market Segmentation
Growth Plus Reports has analyzed the global digital genome market from four perspectives: Product Type, Application, End User, and Region.
Product Type Segmentation: Based on the product type, the digital genome market is segmented into sequence & analyzer instruments, DNA/RNA analysis kits, sequencing & analysis software, and sample preparation instrument. The sequencing and analyzer instrument segment dominates the market with the largest revenue share because of the increasing research in sequence analysis and technological advancements.
Application Segmentation: Based on the application, the digital genome market is segmented into microbiology, reproductive & genetic, transplant & agriculture, forensics, and research & development. The research and development segment dominates the market because of increased public and private investment and a rise in research grants.
End-User Segmentation: Based on the end-user, the digital genome market is segmented into academic research institutes, diagnostics & forensic labs, hospitals, and biopharmaceutical companies. The academic research institutes segment dominates the market because of the broad application of genome sequencing techniques to improve targeted drug treatments.
Regional Growth Dynamics
Based on the region, the digital genome market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the digital genome market with the largest revenue share. The region’s well-established healthcare infrastructure, the development of new genome sequencing technologies, the rising geriatric population, and novel product launches are responsible for North America’s significant revenue share in the global market.
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Competitive Landscape
The major players in the digital genome market are:
- BioMérieux
- GenMark Diagnostics, Inc.
- Illumina, Inc.
- Thermo Fisher Scientific
- NanoString Technologies, Inc.
- Inscripta Inc.
- GE Healthcare Genomic Health, Inc.
- Pacific Bioscience, PerkinElmer Inc.
- Qiagen Quest Diagnostics
- Agilent Technologies Inc.
- Becton, Dickinson, and Company
- F. Hoffmann-La Roche Ltd.
- Regeneron Pharmaceuticals, Inc.
The digital genome devices market is competitive, with several international players involved. The market players are focusing on technological advancements, R&D, mergers, and acquisitions to strengthen their market presence.
Recent developments:
- Gencove, one of the top low-pass whole genome sequencing and analysis software companies, and NEOGEN Corporation launched the InfiniSEEK, a revolutionary, cost-effective solution for whole genome sequencing and targeted SNP analysis from two trusted genomics leaders, in May 2022.
- LetsGetChecked, a major provider of healthcare solutions, acquired Veritas Genetics Inc. and Veritas Intercontinental in March 2022, two genomics pioneers that share a scalable platform for rapid interpretation of genetic information ranging from a single gene to the entire genome. LetsGetChecked’s aim of empowering individuals to take charge of their health and allowing consumers and healthcare partners to be more proactive in healthcare management has taken a huge stride forward because of the strategic move.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Years – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL DIGITAL GENOME MARKET – ANALYSIS & FORECAST, BY PRODUCT TYPE
- Sequence & Analysers Instruments
- DNA/RNA Analysis kits
- Sequencing & Analysis Software
- Sample Preparation Instrument
- GLOBAL DIGITAL GENOME MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Microbiology, Reproductive & Genetic
- Transplant & Agriculture
- Forensics
- Research & Development
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
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