Market Overview:
The penetration of advanced technology in the healthcare sector has developed various techniques for studying different parameters in this sector. Digital genome is one such emerging technology that avails the complete set of genes in digital format which aid in the detailed understanding of genes and their biological functions. According to the report that has been published by Market research Future (MRFR), the global digital genome market is anticipated to project significant growth in the coming years.
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Drivers and Restraints:
Genome profiling is a method that empowers researchers with valuable information regarding patients helping them further to come up quicker with solutions. The global digital genome market is now getting driven by profiling of many chronic diseases. Rising geriatric population is also impacting the healthcare system. The answer is speed and accuracy of genome sequencing. Hence, the need for the digital genome.
Genome sequencing and new technologies in the field are now experiencing a steep rise in the number of public and private investments, funds and grants. For instance, Canada based organization the Genomics R&D Initiative (GRDI) cooperates with federal science departments and agencies in the development of genomic research. Innovations and implementations would encourage the market in the near future by enabling researchers to find a cure for many rare diseases.
However, less awareness in developing countries and high costs of genome profiling techniques and products are factors that may hinder the global digital genome market growth rate.
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.
Regional Analysis:
Geographically, the global digital genome market is segmented into four major regions such as Americas, Asia Pacific, Europe and the Middle East and Africa. The global digital genome market is currently dominated by the Americas, owing to the high prevalence of chronic diseases such as cancer and diabetes and increasing research expenditure for development of proper treatments in this region.
The skyrocketing demand for personalized medication and targeted therapy in the Europe region is fueling the growth of the digital genome market in this region. Whereas, the Asia Pacific region is anticipated to witness significant growth in the global digital genome market owing to the rapid development in the field of biotechnology and rising healthcare spending in this region.
The Middle East and Africa region accounts for the least share in the global digital genome market owing to the poor primary healthcare services and low penetration of advanced technology in the healthcare sector in various underdeveloped areas of this region.
Digital Genome Market: Competitive Landscape
Some the leading companies mentioned in MRFR’s report include BiogeniQ (Canada), NanoString (U.S), Umbel (U.S) and GenomeMe (Canada).
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members.
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