Global Digital Genome Market forecast to grow at 9.5% CAGR from 2016 to 2024: Global Market Insights Inc. The global industry report "Digital Genome Market Size By Product (Sequencing & Analyzer Instruments, DNA/RNA Analysis Kits, Sequencing Chips, Sequencing & Analysis Software, Sample Prep Instruments), By Application (Microbiology [Biological, Clinical, Industrial], Reproductive & Genetic, Transplantation, Livestock and Agriculture, Forensics, Research and Development), By EndUse (Diagnostics & Forensic Labs, Academic Research Institutes, Hospitals, Bio-pharmaceutical Companies), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Spain, Russia, France, China, Japan, India, Australia, Argentina, Brazil, Mexico South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" by Global Market Insights, Inc. says Digital Genome Market size is set to exceed USD 45 billion by 2024. On-going research activities along with supportive regulations across the globe will revolutionize digital genome market. The growing implementation of this technology in the field of personalized medical care for efficient disease management will noticeably favor digital genome industry share.
The prominent applications of digital genome industry are microbiology, reproductive & genetic, research & development, transportation, and livestock & agriculture sectors. Microbiology application segment accounted for more than 22% of the revenue share in 2015 and will surpass a revenue collection of USD 10 billion by 2024. The growing demand for microbes across clinical, biological, and industrial sectors should drive the revenue. Research & development dominated the application landscape in 2015 and will contribute a revenue of more than USD 23 billion by 2024. The growth can be attributed to heavy investments by private and public sector firms in research activities. Sequencing and analysis software, one of the product bifurcations of digital genome market, will register an annual growth rate of 9.8% over the period of 2016 to 2024, owing to the increasing efforts to upgrade software packages. High investments in life science research will favor sequencing and analyzer instrument industry, which covered more than 40% of the global digital genome market contribution in 2015. Sample prep instruments, sequencing chip, and RNA or DNA analysis kits are the other notable products in digital genome industry. 1|Page
Germany Digital Genome Market size, by product, 2012-2024 (USD Million)
Browse key industry insights spread across 150 pages with 95 market data tables & around 8 figures & charts from this 2017 report Digital Genome Market in detail along with the table of contents at: https://www.gminsights.com/industry-analysis/digital-genome-market China digital genome market size will grow at an annual growth rate of more than 10% over the period of 2016 to 2024. The growth can be attributed to the supportive governmental activities in the favor of human genetic development. Moreover, the strategic partnerships between the biobanks and research institutes will influence the industry share noticeably. U.S. digital genome market covered over 80% of the North America regional share in 2015 and will generate significant revenue over the coming seven years, owing to the genome sequencing technological enhancements along with availability of advanced healthcare infrastructure. Brazil digital genome market is anticipated to record a considerable growth rate over the coming timeframe. The supportive rules and regulations regarding genetic and clinical testing will augment the business growth. Russia digital genome market collected a revenue of around USD 290 million in 2015 and will exhibit lucrative growth over the coming years of 2016 to 2024, primarily driven by the fierce competition prevalent in the region. The Genome Russia project launched by St. Petersburg State University in Russia, aims to collect and scrutinize genome sequences from different regions across the country, which is also expected to generate a noticeable revenue over the coming seven years. 2|Page
Collaborations, acquisitions, and novel product innovations are the business growth strategies of industry giants. The corporations operating in digital genome market are Becton Dickinson, Agilent Technologies, Qiagen, Thermo Fisher Scientific, Illumina, Pacific Biosciences, Perkin Elmer, Sigma-Aldrich, BioMarin Pharmaceutical, Fluidigm Corporation, Bio-Reference Laboratories, AVEO Oncology, and Agios.
Table of Content of Digital Genome Market: Chapter 1. Methodology and Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model & forecast 1.1.3. Industry insights & validation 1.1.4. Scope, definitions & research assumptions 1.2.
Data Sources 1.2.1. Primary 1.2.2. Secondary
Chapter 2. Executive Summary 2.1. Digital Genome industry 3600 synopsis, 2012 – 2024 (USD Million) 2.1.1. Business trends 2.1.2. Product trends 2.1.3. Application trends 2.1.4. End-use trends 2.1.5. Regional trends Chapter 3.
Digital Genome Industry Insights
3.1.
Industry segmentation
3.2.
Industry size and forecast, 2012 – 2024 (USD Million)
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3.3.
Industry impact forces 3.3.1. Growth drivers 3.3.1.1.
Successful completion of the Human Genome Project
3.3.1.2.
Increasing public-private investments, funds, and grants
3.3.1.3.
Advances in biotechnology
3.3.1.4.
Increased Application in clinical diagnosis
3.3.1.5.
Rising use of personalized medicine
3.3.1.6.
Rise in incidence and prevalence of chronic diseases
3.3.1.7.
Reduced cost and high speed for DNA sequencing
3.3.2. Industry pitfalls & challenges 3.3.2.1.
Unclear ROI of precision medicine
3.3.2.2.
Lack of trained staff
3.4.
Growth potential analysis
3.5.
Porter's analysis
3.6.
Technology landscape 3.6.1. Advent of novel technologies
3.7.
Company market share analysis, 2015 3.7.1. Strategy dashboard
3.8.
PESTEL analysis
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