Blockchain in Genomics Market Size to Reach USD in 2,086.26 Million in 2028 Growing at a CAGR of 65.8%
Emergen Research has published its latest report titled “Blockchain in Genomics Market, By Service Type (Utility, Platforms), By Business Model (Business to Customer, Business to Business, Customer to Business), By Application (Data Storage & Security, Data Sharing and Monetization, Automated Health Insurance), By End-use (Hospitals, Pharmaceutical and Biotechnology Companies, Research Institutes), and By Region, Forecast to 2028”
According to Emergen Research, the global blockchain in genomics market size was USD 40.62 million in 2020 and is expected to reach USD 2,086.26 million in 2028 and register a revenue CAGR of 65.8% during the forecast period, 2021-2028.
The global blockchain in genomics market revenue growth is majorly attributed to factors such as increasing prevalence of genetic disorders across the globe, rise in government investments in genomic research & development activities, growing use of blockchain technology in the healthcare sector for enhanced clinical workflow of genomic data, and rising need for improved security of unique genomic data. Development of advanced blockchain technologies and rapid integration of digital healthcare technologies and solutions in healthcare operations are other key factors expected to drive global blockchain in genomics market revenue growth over the forecast period. Use of blockchain technology in genomics has streamlined and automated the storage, management, and processing of important genomic data transaction between genomic data providers and their customers. In September 2019, Nebula Genomics, Inc., a leading American company providing personal genomics solutions, introduced its new blockchain-based DNA sequencing technology. The company reportedly intended to expand its market footprint with the launch of this new technology.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/370
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Business to Customer (B2C) Segment Accounted for Largest Revenue Share:
Among business model segments, the business to customer (B2C) segment accounted for the largest revenue share in the global blockchain in genomics market in 2020. Rising adoption of the business to customer business model of the blockchain technology by large enterprises and SMEs is among the major factors driving the revenue growth of this segment. Blockchain in genomics has enabled B2C companies worldwide to streamline digital currency transactions and process unique genomic data in safer and more secure ways.
Data Sharing and Monetization Segment to Account for Fastest Revenue CAGR:
Based on application, the data sharing and monetization segment is projected to register the fastest revenue growth rate in the global blockchain in genomics market over the forecast period. Blockchain technology’s peer-to-peer network framework enables businesses to exchange critical data & information in a highly secure manner. One of the key factors contributing to revenue growth of this segment is rising adoption of blockchain in genomics for faster and secure sharing and monetization of genomic data.
North America Accounted for Largest Revenue Share:
Among regional markets, the North America blockchain in genomics market accounted for largest revenue share in the global market in 2020, owing to certain favorable factors. Major factors contributing to the regional market revenue growth are growing prevalence of genetic disorders, increasing genomic research & development activities, rapid adoption of blockchain technology in genomics, increasing government investments in healthcare R&D activities, and presence of leading market players in the region, including GenoBank.io Inc., LunaDNA, Longenesis Ltd., and Nebula Genomics, Inc.
Buy your Exclusive copy @ https://www.emergenresearch.com/select-license/370
Major Companies in the Global Blockchain in Genomics Market 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
- Shivom Ventures Limited
For the purpose of this report, Emergen Research has segmented the global blockchain in genomics market based on service type, business model, application, end-use, and region:
Service Type Outlook (Revenue, USD Million; 2018-2028)
Business Model Outlook (Revenue, USD Million; 2018-2028)
- Business to Customer (B2C)
- Business to Business (B2B)
- Customer to Business (C2B)
Application Outlook (Revenue, USD Million; 2018-2028)
- Data Storage & Security
- Data Sharing and Monetization
- Automated Health Insurance
End-use Outlook (Revenue, USD Million; 2018-2028)
- Pharmaceutical and Biotechnology Companies
- Research Institutes
Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Battery Materials Market Analysis By Battery Type (Lead-Acid, Lithium-Ion, Others), By Material Type (Metal & Metal Oxide, Other Chemical Compounds), By Application (Consumer Electronics, Automotive, Grid Storage, Others), By Region, Forecasts to 2027
Sustainable Packaging Market Size, Share, Trends, By Materials (Plastic, Paper & Paperboard, Glass, Metal), By Packaging Type, By End Users, Forecasts to 2027
Agriculture Surfactants Market By Type (Non-ionic, Anionic, Cationic, Amphoteric), By Substrate (Synthetic, Bio-based), By Application (Insecticide, Herbicide, Fungicide), Forecasts to 2027
Electric Vehicle Battery Market Size, Share, Trends, By Battery Type (Lead-acid, Lithium-ion, Others), By Vehicle Type (Commercial, Passenger), and By Propulsion (Plug-In Hybrid, Battery), Forecasts to 2027
Anti-Reflective Coatings Market By Resin Type (Acrylic, Urethane, Epoxy), By Technology (Electron Beam, Sputtering), By Application (Eyewear, Electronic, Solar Panels, Automotive), Forecasts to 2027
Nanopatterning Market By Type (Nanoimprint Lithography, E-beam lithography, Others), By Technology (Soft lithography, UV nanoimprint lithography, Others), Application (Consumer Electronics, Healthcare, Foundry, Others), By Region Forecasts to 2027
Polylactic Acid Market By Product Type (Racemic PLLA (Poly-L-lactic Acid), Regular PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)), Distribution Channel, BY Application (Packaging, Textile, Transport, Agriculture, Electronics, Medical), Forecasts to 2027
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Visit for More Insights: https://www.emergenresearch.com/insights
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-blockchain-in-genomics-market