Digital Genome Market primed for growth through Internet of Things
The digital genome market has emerged as an integral component of precision medicine and next generation sequencing (NGS) technologies. It involves the storage, management and analysis of genomic and other omics data to gain novel insights into disease mechanisms, therapeutic targets and diagnostic/prognostic biomarkers. Digital genomes offer comprehensive genomic profiles that can be mapped, queried and integrated with other datasets to power applications spanning clinical diagnostics, drug development, population health research and consumer genomics. The advantages include streamlined data handling, automated variant annotation, secure sharing capabilities and integration with electronic health records for a longitudinal view of a patient's genotype and phenotype.
The Global Digital Genome Market Demand is estimated to be valued at US$ 24.90 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2030.
Key Takeaways
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, Siemens, Doosan Heavy Industries & Construction, MAN Energy Solutions, Yanmar Co., Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Meidensha Corporation, Kirloskar Oil Engines Ltd., Greaves Cotton Limited, Cummins Inc., Caterpillar Inc.
Key players operating in the digital genome market are focusing on partnerships and strategic collaborations to gain market share. For instance, in 2022 Anthropic partnered with Insilico Medicine to leverage powerful generative models for mapping clinical genomics data.
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