Digital Genome Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Digital Genome Market is segmented by Product (Sequencing and Analyzer Instruments, DNA/RNA Analysis kits, Sequencing Chips, Sequencing and Analysis Software, Sample Preparation Instruments, and Other Products), Application (Clinical (Reproductive health, oncology, and others), Forensics, Drug discovery and development, and other applications), End-user (Hospitals, Diagnostic centers, and Forensic labs, Research Institutes, Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

digital genome market
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 10 %

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Market Overview

The digital genome market is expected to register a CAGR of more than 10% over the forecast period (2022-2027).

The COVID-19 pandemic is an unprecedented health concern and has significantly impacted the digital genome market worldwide. The pandemic has positively impacted the demand for digital genome software and products. For instance, as per a February 2022 published article titled, "Covid-19 and Artificial Intelligence: Genome sequencing, drug development, and vaccine discovery", the sequence of SARS- CoV-2 was identified with the help of AI and also aids in the prompt identification of variants of concern (VOC) as delta strains and Omicron. In addition, as per a May 2022 update by the Pan American Health Organization (PAHO), the COVID-19 Genomic Surveillance Regional Network was created in 2020 not only to strengthen the sequencing capacity in the participating laboratories but also for them to establish a routine SARS-CoV-2 genomic sequencing, as a strategy to increase the amount of genetic sequence data available to the global community, which is critical to support the development of diagnostic protocols, the information for vaccine development and to better understand the evolution and molecular epidemiology of the SARS-CoV-2. Moreover, with the introduction of vaccines and the upliftment of lockdown restrictions, the market is expected to increase the demand for digital genome products, thereby contributing to market growth.

The major factors fueling the market growth are the increasing technological advancements pertaining to the digital genome, growing adoption of personalized medicine, constantly evolving disease patterns as well as rising research and development activities about the digital genome.

The increasing technological advancement pertaining to the digital genome is proliferating market growth. For instance, in July 2021, GE Healthcare and SOPHiA GENETICS, a global healthcare data-sharing network, collaborated on advancing cancer care by developing genomic-based AI. The integration of genomics-based artificial intelligence into oncology workflow solutions would be a breakthrough for integrated cancer medicine and for future clinical research, which increasingly depends on the ability to select those patients most likely to respond to new therapies.

In addition, in April 2021, Genome Medical, a digital health company bringing genetics and genomics into everyday care, expanded its technology offering to augment the clinical services provided by its nationwide team of genetics specialists. Genome Medical will automate the collection of a patient's comprehensive family health history and incorporate the findings into an accurate and timely genetic risk assessment rough an exclusive licensing of Health Heritage, a family medical history, and genomic decision support application.

However, high capital expenditure and a lack of a skilled workforce are the factors hindering the market growth.

Scope of the Report

As per the scope of the report, the digital genome is a comprehensive digital set of genetic material that occurs in a cell or an organism to gather information concerning chronic diseases and is utilized by experts to get a nearer look at genetic disorders. The market is segmented by product (Sequencing and Analyzer Instruments, DNA/RNA Analysis kits, Sequencing Chips, Sequencing and Analysis Software, Sample Preparation Instruments, and Other Products), Application (Clinical (Reproductive health, oncology, and others), Forensics, Drug discovery and development, and other applications), End-user (Hospitals, Diagnostic centers, and Forensic labs, Research Institutes, Other End Users), and Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product
Sequencing and Analyzer Instruments
DNA/RNA Analysis Kits
Sequencing Chips
Sequencing and Analysis Software
Sample Preparation Instruments
By Application
Clinical
Reproductive Health
Oncology
Others
Forensics
Drug Discovery and Development
Other Applications
By End User
Hospitals
Diagnostic Centers and Forensic Labs
Research Institutes
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Sequencing and Analysis Software Segment is Expected to Hold a Major Market Share in the Digital Genome Market Over the Forecast Period

By product, sequencing and analysis software segmented is expected to hold a major market share. Sequence analysis is the process of subjecting a DNA, RNA, or peptide sequence to any of a wide range of analytical methods to understand its features, function, structure, or evolution, and methodologies used include sequence alignment and searches against biological databases and others. The major factors fueling the market growth are the increasing research in sequence analysis as well as growing technological advancements.

Several market players are also contributing to the market growth. For instance, in July 2020, Illumina, Inc. introduced turn-key data analysis solutions to accelerate and facilitate the adoption of whole-genome sequencing with the launch of the TruSight Software Suite.

Also, in May 2022, NanoString Technologies, Inc. launched a seamless, cloud-based workflow that improves the spatial data analysis experience of customers using Illumina NextSeq 1000 and NextSeq 2000 sequencing systems and the GeoMx Digital Spatial Profiler.

Thus, due to the above-mentioned developments, the market is expected to witness significant growth over the forecast period.

National Health Expenditure (in USD million), United States

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall genomics market throughout the forecast period due to the rising incidence of chronic diseases, such as cancer, increasing government entities' investment in research, raising awareness of patients, and the availability of advanced healthcare infrastructure, contributing to the growing technological advances in this sector and rising demand for biotechnological practices in the region, is anticipated to drive the growth in the region. The domicile presence of some of the major players in the region also ensures the dominance of the region.

The current global pandemic created considerable opportunities for the domestic market players operating in the space. For instance, in March 2021, Applied DNA Sciences Inc. launched the Linea COVID-19 Selective Genomic Surveillance Mutation Panel to enhance the utility of limited Next Generation Sequencing (NGS) resources in the United States to track the SARS-CoV-2 Variants of Concern (VOCs) better at local, state, and federal levels.

In April 2021, Inscripta, a digital genome engineering company, announced the first commercial shipment of its Onyx platform. The platform is the world's first fully automated benchtop instrument for genome-scale engineering. Inscripta also announced its Series E funding of USD 150 million.

Thus, due to the above-mentioned developments, the market is expected to witness significant growth over the forecast period.

digital genome market growth

Competitive Landscape

The digital genome market is competitive with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, mergers, and acquisitions. Some of the key players in the market are bioMérieux, Agilent Technologies, Inscripta, Inc., GE Healthcare, and Invitae Corporation.

Recent Developments

  • In May 2022, Gencove, one of the leading low-pass whole genome sequencing and analysis software companies, along with NEOGEN Corporation, launched the InfiniSEEK, a revolutionary, cost-effective solution for whole genome sequencing and targeted SNP analysis from two trusted leaders in genomics.
  • In March 2022, LetsGetChecked, a leading healthcare solutions company, acquired Veritas Genetics Inc. and Veritas Intercontinental, pioneers in genomics that share a scalable platform enabling the rapid interpretation of genetic information from a single gene to the whole genome. The strategic move signifies a crucial advancement in LetsGetChecked’s mission to empower individuals to take control of their health and enable both consumers and healthcare partners to be more proactive in healthcare management.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Technological Advancements, and Research and Development Pertaining to Digital Genome

      2. 4.2.2 Growing Adoption of Personalized Medicine

      3. 4.2.3 Constantly Evolving Disease Patterns

    3. 4.3 Market Restraints

      1. 4.3.1 High Capital Expenditure

      2. 4.3.2 Lack of Skilled Workforce

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Product

      1. 5.1.1 Sequencing and Analyzer Instruments

      2. 5.1.2 DNA/RNA Analysis Kits

      3. 5.1.3 Sequencing Chips

      4. 5.1.4 Sequencing and Analysis Software

      5. 5.1.5 Sample Preparation Instruments

    2. 5.2 By Application

      1. 5.2.1 Clinical

        1. 5.2.1.1 Reproductive Health

        2. 5.2.1.2 Oncology

        3. 5.2.1.3 Others

      2. 5.2.2 Forensics

      3. 5.2.3 Drug Discovery and Development

      4. 5.2.4 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostic Centers and Forensic Labs

      3. 5.3.3 Research Institutes

      4. 5.3.4 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Agilent Technologies

      2. 6.1.2 Inscripta, Inc.

      3. 6.1.3 bioMérieux

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Invitae Corporation

      6. 6.1.6 GenMark Diagnostics, Inc.

      7. 6.1.7 Illumina

      8. 6.1.8 NanoString Technologies, Inc.

      9. 6.1.9 Pacific Bioscience

      10. 6.1.10 PerkinElmer Inc.

      11. 6.1.11 Quest Diagnostics

      12. 6.1.12 Qiagen

      13. 6.1.13 Thermo Fisher Scientific

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Digital Genome Market market is studied from 2019 - 2027.

The Global Digital Genome Market is growing at a CAGR of 10% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

bioMérieux , Agilent Technologies, Inscripta, Inc., GE Healthcare, Invitae Corporation are the major companies operating in Global Digital Genome Market.

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