Digital Genome Market

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Digital Genome Market -
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016-2025
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Digital Genome Market Overview Digital genome
is the complete digital set of genes or genetic
material present in a cell or organism. Genome is
the branch of biology that deals with the study
of genes and their functions. Digital genome
allows the conversion of this large volume of
data into products and services. A digital genome
act as a pivot table that allows instant access
to trait combinations to solve seemingly endless
custom queries. The development of polymerase
chain reaction (PCR) enabled researchers to
characterize the genome at gene level. Digital
genome allows researchers to study and review a
broad range of genome in-depth, base by base
interrogation of particular loci, research and
development for drug discovery and precision
medicine application Digital genome market is
segmented on the basis of component type,
application, and end users. On the basis of
component, the market is segmented to hardware,
software and services. Services and software
segment is expected to contribute the major
market share in the overall digital genome
industry. On the basis of application, digital
genome market is segmented into diagnosis, drug
discovery, personalized medicine, academic
research, and agricultural. Diagnostic and drug
discovery application segment of market is
expected to contribute major share to the overall
market in the foreseeable future.
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Prevalent Scenario in Digital Genome
Market Increasing technological advancements and
growing awareness related to the use of genomes
for diagnosis of diseases such as cancer,
diabetes, and Attention Deficit Hyperactivity
Disorder is expected drive market growth. Cancer
creates major disease burden on the society. In
2016, an estimated 1,685,210 new cases of cancer
were diagnosed in the U.S. As per American
Diabetes Association in 2012, approximately 1.25
million children and adult in the U.S. suffered
from Type 1 diabetes. The growing chronic
diseases and increasing geriatric population is
creating a focus towards the need of better
effective drugs creating opportunity for digital
genome service providers. Increasing research in
genomics and rising investments, grants, and
funds by government in the field genomics is
creating opportunity for the digital genome
developers and providers. In February 8, 2016,
National Human Genome Research Institute launched
its new initiative Genes, Environment and Health
Initiative (GEI) to support the research that
lead to the understanding of genetic contribution
and their effect in common diseases. The Genomics
RD Initiative (GRDI) in Canada coordinates with
the federal science departments and agencies in
the field of genomics. The growing trend towards
using genome for pharma to predict reaction of
medication for safe and effective treatment and
ADHD pharma for personalized and safe treatment
to choose most appropriate treatment for ADHD,
and nutrition profiling where DNA is used to
prevent development of chronic diseases is
expected to act as major growth drivers for the
digital genome market. High costs associated with
the use of digital genome and less awareness
about digital genome in emerging economies is
expected to hamper growth of this market. North
America and Europe are expected to be the growth
engines of the global digital genome industry,
owing to high awareness and better acceptance of
advanced technologies in these regions. Request a
sample pdf Copy of report _at_ https//www.coherentma
rketinsights.com/insight/request-sample/136
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Fragmented Market The global digital genome
market is highly fragmented due to the
participation of many established and emerging
players in the market. Major players involved in
the market include Illumina Inc. Umbel BiogeniQ
GenomeMe NanoString Technologies
NanoString. Browse full report
https//www.coherentmarketinsights.com/ongoing-ins
ight/digital-genome-market-136
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