The latest market intelligence report offers valuable insights into the prevailing growth opportunities for the global Blockchain in Genomics market and its intensely competitive scenario. 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. The insightful data and information in the report have been gathered from a wide range of primary and secondary sources. This market report on Blockchain in Genomics provides detailed information about the latest developments, trade regulations, import-export analyses, production analysis, and value chain optimization. It also analyses the impact of localized market players.
The current COVID-19 pandemic is expected to have an effect on the growth of the Blockchain in Genomics industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Blockchain in Genomics sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Blockchain in Genomics industry.
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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.
- 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.
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Segmentations of the Blockchain in Genomics Market
For this study, this report segments the global Blockchain in Genomics market on the basis of product, application, and region:
Segments Covered in this report are:
- Service Outlook (Revenue, USD Million; 2017-2027)
- Business Model Outlook (Revenue, USD Million; 2017-2027)
- Business to Customer (B2C)
- Business to Business (B2B)
- Customer to Business (C2B)
- Application Outlook (Revenue, USD Million; 2017-2027)
- Data Storage & Security
- Data Sharing and Monetization
- Automated Health Insurance
The leading market contenders listed 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 Outlook of the Blockchain in Genomics Market
The global Blockchain in Genomics market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Blockchain in Genomics market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East & Africa Market Analysis and Forecast
- Competitive Landscape
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