The global Blockchain in Genomics Market is forecasted to be worth USD 1,258.3 Million by 2027, according to a current analysis by Emergen Research. Due to the growing demand for data protection for distinctive genomic data, the global blockchain in the genomics market is anticipated to expand exponentially. In addition, increased adoption of genetic information in the medical practice is anticipated to further drive market growth over the forecasted timeframe. Moreover, private entities and venture capitalists' rising funding is anticipated to augment the market growth shortly.
The high cost of maintenance is likely to hinder the market growth over the forecasted timeframe.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Some Key Highlights from the Report:
- In September 2019, Nebula Genomics, Inc. launched blockchain-based DNA sequencing. With the introduction of blockchain-based DNA sequencing, the firm will enhance its market position.
- Over the forecast timeline, the utility segment is anticipated to lead the market. It offers a form of digital coupon that can be easily traded in the future for discounted fees or exclusive exposure to a service.
- The segment of Business to Business (B2B) is expected to lead the market with a CAGR of 66.0%. The company's adoption of blockchain technology's main benefits entail the unparalleled standards of safety, privacy, and productivity it offers.
- In the forecast timeframe, the data sharing and monetization segment are projected to dominate the market. Both sellers and buyers are allowed to connect in a monetized way with personal data with Blockchain technology.
- In the forecast period, the segment of Pharmaceutical and Biotechnology will dominate the market. There are a wide variety of feasible implementations in the pharmaceutical and biotechnology industry, like enabling patients, doctors, insurers, and pharmaceutical firms to access health records.
Key Players Profiled in the Report are:
GenoBank.io Inc, Nebula Genomics, Inc., SimplyVital Health, Inc., Zenome.io Ltd., LunaDNA, LLC, Encrypgen Incorporated, Digital DNAtix Ltd, Longenesis Ltd, WuXi Nextcode Genomics, and Shivom Ventures Limited, among others.
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key blockchain in genomics market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global blockchain in genomics market size
2.2 Latest blockchain in genomics market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global blockchain in genomics market key players
3.2 Global blockchain in genomics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the blockchain in genomics market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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One of the report’s central components is the broad blockchain in genomics market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the blockchain in genomics market players.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the blockchain in genomics market?
What are the key product types and applications of the blockchain in genomics industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the blockchain in genomics market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the blockchain in genomics Market by 2027?
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