Digital Genome Market
Digital Genome Market Size, Share & Trends Analysis Report by Product (Sequencing & Analyzer Instruments, DNA/RNA Analysis Kits, Sequencing & Analysis Software, And Sample Preparation Instruments), by Application (Microbiology, Reproductive & Genetic, Transplantation and Agriculture, Forensics, and Research and Development), and by End-User (Academic Research Institutes, Diagnostics & Forensic Labs, Hospitals, and Bio-pharmaceutical Companies) Forecast Period (2022-2028)
Digital genome market is anticipated to grow at a significant CAGR of 8.7% during the forecast period. The factors contributing to the digital genome market growth are the growing number of drug discoveries, the raising biotechnology sector, and the growing variants of the presenilin gene that leads to an increased number of Alzheimer's disease cases. For instance, as per the data by Alzheimer's Association approximately 6 million Americans are living with Alzheimer and by 2050 this number is projected to rise to nearly 13 million. Alzheimer's diseases cost $321 billion annually and which will increase by $1 trillion by 2050.
Moreover, other factors contributing to the market growth are due to increasing diseases, genetic diseases, cancer, neurological disorders, and others as the digital genome is used in various disease diagnostics. However, the high costs of digital genome technologies and security issues that result in inaccurate results are factors that are anticipated to disrupt the digital genome market.
Segmental Outlook
The global digital genome market is segmented based on the products, applications, and end-user. On the basis of products, the market is segmented into sequencing & analyzer instruments, DNA/RNA analysis kits, sequencing & analysis software, and sample preparation instruments. Based on the application, the market is sub-segmented into microbiology, reproductive & genetic, transplantation and agriculture, forensics, and research and development. Based on the end-user, the market is sub-segmented into academic research institutes, diagnostics & forensic labs, hospitals, and biopharmaceutical companies. Among the product segments, sequencing & analysis software is anticipated to witness the fastest growth in the market due to time technological upgrades in software for fabrication and evolution for genome sequencing, and the high amount of software tools in the developmental stage re such factors that are contributing in the market growth. For instance, in September 2021, BC Platforms and Sentieon launched next-generation sequencing (NGS) genetic analytics software states as BC|GENOME X-10. This software is been developed for commercial laboratories offering NGS data production-based clinical genetic testing and to run highly efficient and automated processes.
Among the application segment research and development segment is predicted to hold a prominent share in the market due to increasing research and development activities by key players in the market and also the increasing government funding and grant for the R&D are such prominent factors that are impacting positive growth of the digital genome market. For instance, in February 2022, Genomenon, Inc., has been awarded a $1.7 million grant by the National Institutes of Health (NIH) for the Small Business Innovation Research (SBIR) program. The invested money in the grants is for the development of the Mastermind Genomic Search Engine, for curetting the entire human genome. It is enabling the company to increase the expertly curetted evidence needed for clinicians. Moreover, the increasing number of public and private investments and the increasing investment by biopharmaceutical companies are other such factors that are propelling the digital genome market growth.
Regional Outlooks
The global digital genome market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America is anticipated to hold dominating share in the market owing to the presence of several key players operating in the market.
Global Digital Genome Market Growth, by Region 2022-2028
The Asia-Pacific Region is Fastest Growing in the Global Digital Genome Market
The region is estimated to register the fastest growth in the digital genome market due to the increasing aging population, and the raising diabetic population in the region are key factors that are contributing to the digital genome market. For instance, in 2020, according to the data by The Global Cancer Observatory, there were approximately 95 million cases of cancer in the region among which 20 million cases were prevalent and lung and breast cancer were among top cancer in the Asia-Pacific region. Moreover, increased medical tourism in the region, growing healthcare spending and the raising biotech sector are among other factors that are driving the market during the forecast period.
Market Players Outlook
The major companies serving the global digital genome market include Agilent Technologies, inc., bionano genomics inc., Illumina, inc., Intellia Therapeutics, Inc. PerkinElmer Inc., Thermo Fisher Scientific Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, QIAGEN N.V. launched the QIAGEN Digital Insights Partnership program for genomic with five initial partnerships vendors. The company has expanded its partner network to leverage QIAGEN's genomic content and analysis and expand customer access and deliver extended genomic solutions for scientists and clinicians.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital genome market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Agilent Technologies, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Illumina, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. PerkinElmer Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Thermo Fisher Scientific
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Digital Genome Market by Product
4.1.1. Sequencing & Analyzer Instruments
4.1.2. DNA/RNA Analysis Kits
4.1.3. Sequencing & Analysis Software
4.1.4. Sample Preparation Instruments
4.2. Global Digital Genome Market by Application
4.2.1. Microbiology
4.2.2. Reproductive & Genetic
4.2.3. Transplantation And Agriculture
4.2.4. Forensics
4.2.5. Research And Development
4.3. Global Digital Genome Market by End-User
4.3.1. Hospitals
4.3.2. Diagnostics & Forensic Labs
4.3.3. Academic Research Institutes
4.3.4. Bio-Pharmaceutical Companies
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 10x Genomics, Inc.
6.2. 23andMe, Inc
6.3. Azenta US, Inc.
6.4. BGI Group
6.5. bioMérieux SA
6.6. Bionano Genomics, Inc.
6.7. CRISPR Therapeutics
6.8. Futura Genetics
6.9. Genome Me Inc.
6.10. Inscripta, Inc.
6.11. Intellia Therapeutics, Inc.
6.12. Invitae Corp
6.13. NanoString
6.14. Pacific Biosciences
6.15. QIAGEN
6.16. Startup Genome LLC
1. GLOBAL DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL DIGITAL GENOME SEQUENCING & ANALYZER INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL DIGITAL GENOME DNA/RNA ANALYSIS KITS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DIGITAL GENOME SEQUENCING & ANALYSIS SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DIGITAL GENOME SAMPLE PREPARATION INSTRUMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
7. GLOBAL DIGITAL GENOME IN MICROBIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DIGITAL GENOME IN REPRODUCTIVE & GENETIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL GENOME IN TRANSPLANTATION AND AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL GENOME IN FORENSICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DIGITAL GENOME IN RESEARCH AND DEVELOPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
13. GLOBAL DIGITAL GENOME FOR ACADEMIC RESEARCH INSTITUTES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DIGITAL GENOME FOR DIAGNOSTICS & FORENSIC LABS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DIGITAL GENOME FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL DIGITAL GENOME FOR BIO-PHARMACEUTICAL COMPANIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
20. NORTH AMERICAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. NORTH AMERICAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
22. EUROPEAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
24. EUROPEAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. EUROPEAN DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
32. REST OF THE WORLD DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
33. REST OF THE WORLD DIGITAL GENOME MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL DIGITAL GENOME MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
2. GLOBAL DIGITAL GENOME SEQUENCING & ANALYZER INSTRUMENTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL DIGITAL GENOME DNA/RNA ANALYSIS KITS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DIGITAL GENOME SEQUENCING & ANALYSIS SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL DIGITAL GENOME SAMPLE PREPARATION INSTRUMENTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL DIGITAL GENOME MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
7. GLOBAL DIGITAL GENOME IN MICROBIOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL DIGITAL GENOME IN REPRODUCTIVE & GENETIC MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DIGITAL GENOME IN TRANSPLANTATION AND AGRICULTURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DIGITAL GENOME IN FORENSICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DIGITAL GENOME IN RESEARCH AND DEVELOPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DIGITAL GENOME MARKET SHARE BY END-USER, 2021 VS 2028 (%)
13. GLOBAL DIGITAL GENOME FOR ACADEMIC RESEARCH INSTITUTES MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DIGITAL GENOME FOR DIGNOSTICS & FORENSIC LABS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DIGITAL GENOME FOR HOSPITALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL DIGITAL GENOME FOR BIO-PHARMACEUTICAL COMPANIES MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL DIGITAL GENOME FOR DIAGNOSTIC CENTERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL DIGITAL GENOME MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. US DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
21. UK DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD DIGITAL GENOME MARKET SIZE, 2021-2028 ($ MILLION)
