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. The report provides Blockchain in Genomics market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Blockchain in Genomics market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Blockchain in Genomics Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market. In addition, increased adoption of genetic information in the medical practice is anticipated to further drive market growth over the forecasted timeframe.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Blockchain in Genomics market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Blockchain in Genomics market revenue growth to a significant extent over the forecast period.
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Blockchain in Genomics Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. Moreover, private entities and venture capitalists’ rising funding is anticipated to augment the market growth shortly.
Region wise performance of the Blockchain in Genomics industry
North America Blockchain in Genomics market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Blockchain in Genomics market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Blockchain in Genomics market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Blockchain in Genomics market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Blockchain in Genomics market growth.
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.
- North America is expected to expand as the largest market in the market due to growing consumer awareness, large investments in advancement by federal agencies, and modern healthcare facilities.
- Key participants include 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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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Table of Content
Chapter 1. Methodology & Sources
1.1. Blockchain in Genomics Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Blockchain in Genomics Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Blockchain in Genomics Market Segmentation & Impact Analysis
4.1. Blockchain in Genomics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Blockchain in Genomics Market indicators analysis
4.2.2. Blockchain in Genomics Market drivers analysis
18.104.22.168. Rapid urbanization and industrialization
22.214.171.124. Stringent government regulations regarding carbon emissions
126.96.36.199. Increasing prevalence of respiratory diseases
188.8.131.52. Rising need to enhance indoor air quality
4.2.3. Blockchain in Genomics Market restraints analysis
184.108.40.206. High cost associated with the maintenance of Blockchain in Genomics products
220.127.116.11. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Blockchain in Genomics Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Blockchain in Genomics industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Blockchain in Genomics market across different regions?
- Who are the major driving forces expected to decide the fate of the Blockchain in Genomics industry worldwide?
- Who are the prominent market players making a mark in the Blockchain in Genomics market with their winning strategies?
- Which Blockchain in Genomics industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Blockchain in Genomics market?
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