The digital genome market offers various benefits such as faster DNA sequencing, lower costs through efficient digital data management and storage of genomic data. With advancements in high-throughput sequencing technologies, genomics has revolutionized clinical diagnostics, drug discovery and various areas of biological research.
The global Digital Genome Market is estimated to be valued at Us$ 26.59 Bn in 2024 and is expected to exhibit a CAGR Of 13% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technologies like machine learning and artificial intelligence are playing a crucial role in accelerating genomics research. Machine learning algorithms can analyze massive genomic datasets to identify relationships and hidden patterns. This helps researchers gain insights into diseases and their associated genetic causes. AI is also assisting in drug target identification, biomarker discovery and precision medicine approaches. With increasing integration of advanced technologies in genomics, the digital genome market is expected to witness significant growth over the coming years.
Segment Analysis
The global digital genome market is segmented by technology into nanopore sequencing, next-generation sequencing and sequencing by synthesis. Sequencing by synthesis is expected to dominate the market during the forecast period. Sequencing by synthesis allows massively parallel DNA sequencing using reversible dye-terminators which emit different wavelengths of light for each base. This technique enables interrogation of millions of DNA fragments simultaneously with low cost and high throughput and is expected to be more widely adopted.
Key Takeaways
The Global Digital Genome Market Demand is expected to witness high growth during the forecast period of 2023 to 2030. The market size is projected to increase from US$ 26.59 Bn in 2024 to over US$ 100 Bn by 2030, registering a CAGR of 13.%.
Regional analysis
North America is expected to dominate the global digital genome market during the forecast period. This is attributed to presence of major players and availability of technologically advanced healthcare facilities in the region. The United States is anticipated to account for significant share in the North America digital genome market owing to significant healthcare expenditure and increasing investments in genome research.
Key players
Key players operating in the digital genome market are Wärtsilä, AES Corporation, Dalkia, Vegawatt Power Pvt Ltd, Ducon Technologies, General Electric, Thermax, Cethar Limited, Clarke Energy operating in the digital genome market are Wärtsilä, AES Corporation, Dalkia, Vegawatt Power Pvt Ltd, Ducon Technologies, General Electric, Thermax, Cethar Limited, Clarke Energy. Wärtsilä provides digital genome sequencing technology and services globally. AES Corporation has a presence in over 30 countries and is investing in development of clean energy projects globally.
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Global Digital Genome Market Research Report, by Product (Sequencing Services, Instruments), Application (Diagnostics, Agriculture & Animal Research), End-User (Research Centers and Government Institutes, Academic Institutions) – Global Forecast Till 2027Global Digital Genome Market Insights 2020 provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making.
This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability.
It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Serotonin Supplements Market.Some of the key players operating for the global market analysis are The strategic mergers and acquisitions are aiding the players in gaining a competitive edge in the global digital genome market.In June 2018, Digital DNAtix Ltd., a genetic blockchain company, has announced the pilot of a blockchain-based ecosystem and infrastructure for anonymous genetic testing, services and research with the help of digital genomes.The major players that are highlighted in the report on the global digital genome market by MRFR are Umbel, BiogeniQ, GenomeMe, NanoString, Illumina, Inc. and othersDigital Genome Market Research Coverage:Changing market dynamics of the industryTo get a comprehensive overview of the Digital Genome Market.Historical, current and projected market size in terms of volume and valueIn-depth market segmentationCompetitive landscapeThe report presents an all-inclusive database in a systematic and highly comprehensive manner.
It intends to offer valid, factual, reliable, and easily understandable information about the which makes it more eloquent.
Our analysis team applies a tried and tested primary and secondary research methodology to provide accurate and indubitable findings.The global digital genome market has been segmented on the basis of product, application and end-users.
Based on product, the digital gnome market is segmented into sequencing services, sequencing instruments, sequencing consumables, bioinformatics and sample preparation kits and reagents.Based on application, the global digital genome market is segmented into diagnostics, agriculture & animal research, personalized medicine, drug discovery and treatment analysis.
