Selbyville, Delaware According to the latest business intelligence report titled ‘GLOBAL Digital Genome Market 2021-2028’, available with Market Study Report LLC, global digital genome market was worth USD 10061.6 million in 2020 is projected to reach USD 20902.1 million by the end of the forecast period 2021-2028, registering a CAGR of 9.57% throughout.

Expert analysts cite that proliferating cases of chronic diseases and subsequent rise in burden on healthcare systems is catalyzing global digital genome market growth. Further, government funding in the field of genomics is enhancing the industry outlook. Moreover, technological advancements and rising awareness in developing nations regarding digital genomes will present new growth opportunities for businesses in this space.

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On the contrary, dearth of skilled professionals and security concerns associated with digital genome will negatively impact the business dynamics in the upcoming years.

Based on product landscape, global digital genome industry is categorized into DNA/RNA analysis, sequencing and analyzer instruments, sample prep instruments, and sequencing and analysis software. Elaborating on the application spectrum, the industry is split into drug discovery, diagnostics, personalized medicine, academic research, agricultural, and others. Moving on, the end-user spectrum comprises

From a geographical perspective, major contributors to the overall digital genome market remuneration are North America (U.S., Canada), Asia Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries), Latin America (Latin America, Brazil), Europe (Russia, Germany, France, Italy, Spain, U.K.), and Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa).

North America currently leads worldwide digital genome market growth and will continue to record strong gains through 2028. High incidence rates of monogenic diseases and prompt adoption of advanced techniques in genomics are stimulating the regional market expansion. Moreover, strong presence of well-established research institutes in the United States is enhancing the industry outlook.

Speaking of the competitive arena, top contenders in global digital genome market sphere are Inscripta, Inc., Abbott Laboratories, Agilent Technologies, Inc., BioMérieux S.A., PerkinElmer, Inc., Regeneron Pharmaceuticals, F. Hoffmann-La Roche AG, Pacific Biosciences of California, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Illumina, Inc., Qiagen N.V., and Oxford Nanopore Technologies Ltd.

Questions & Answers: Global Digital Genome Market

Q1: What are the key growth propellers of global digital genome market?

A: Expert analysts cite that proliferating cases of chronic diseases and subsequent rise in burden on healthcare systems is catalyzing global digital genome market growth. Further, government funding in the field of genomics is enhancing the industry outlook.

Q2: Why is North America digital genome market flourishing?

A: High incidence rates of monogenic diseases and prompt adoption of advanced techniques in genomics are stimulating the regional market expansion. Moreover, strong presence of well-established research institutes in the United States is enhancing the industry outlook.

Q3: Which companies formulate the competitive scenery of global digital genome industry?

A: Top contenders in global digital genome market sphere are Inscripta, Inc., Abbott Laboratories, Agilent Technologies, Inc., BioMérieux S.A., PerkinElmer, Inc., Regeneron Pharmaceuticals, F. Hoffmann-La Roche AG, Pacific Biosciences of California, Inc., and Bio-Rad Laboratories, Inc. among others.

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