Digital Genome Market Size

Digital Genome Market Size

Digital Genome Market size crossed $26 billion in 2018 and is projected to register over 10% CAGR up to 2025.

Digital genome is a comprehensive digital set of genetic material that occurs in a cell or an organism. It is a simpler way to gather information concerning chronic diseases and utilized by experts to get a nearer look of genetic disorders. A digital genome acts as a supporter that facilitates instant access to trait sequences to resolve unending custom queries. Thus, aforementioned parameters will augment the market growth. Digital genomics deals with genes & their functions and assists in finding causes behind chronic disorders and also to resolve them. This technology has sparked a revolt in invention-centred research & systems biology to expedite insight of the most complex genetic systems.

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Genome market can be traced back to late 1926 when the term genomics was invented by Tom Roderick, a geneticist at the Jackson Laboratory. The 1^st complete genome sequence of the human mitochondrion (16.6 kb), was registered in 1981. Also, with accomplishment of the Human Genome Project in 2003, every single human gene sequences were accessible in the public domain. Furthermore, in 2012, a modern technique named CRISPR has transformed genome editing, by making it much easier, cheaper, swifter & more precise than former methods. Digital genomics is swiftly advancing field in medical research and is estimated to transmute the healthcare approach in the near future. It enabled determination of individual distinctive genetic make-up at a very high speed and affordable price that have bought a revolution in healthcare sector.

The industry will witness an influx of new and private players offering innovative and affordable coverage in future. Also, industry players are investing immensely in R&D processes to offer distinguished solutions and gain competitive advantage. Furthermore, various government organizations are putting efforts to streamline volunteering process in the genomics-based clinical trials. Developed countries are implementing genome-based technologies in numerous areas of healthcare.