Digital Genome Market Opportunities, Sales Revenue,COVID 19 Analysis, Business Strategy, Future Prospects and Industry Outlook 2027
Growing Prevalence of Cancer to Drive Digital Genome Market
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.
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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.
Digital Genome Market: Segmental Analysis
By disease, the global market for digital genome has been bifurcated into diabetes and cancer. Based on end user, the market has been segmented into research laboratories, hospitals and others. By application, the market has been segmented into drug discovery, agriculture & animal research, diagnostics, personalized medicine, academic research and others.
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.
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.
Industry News:
Digital genome has created a buzz across the world. Many of the corporates are now showing interest in this field, and it is not just coming from the healthcare side but also from tech groups. This is a sure sign of the market getting matured. For instance, Roche has acquired Foundation Medicine for $1.8B and involving themselves in several private market investments. Illumina has invested in diverse areas of genomics with interest in creating a huge genetic database.
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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