Blockchain in genomics enables the provision of an authentic database for research and reduces the risk for data modification. The addition of each genomic sequence on blockchain database results in a cryptographic key lock to prevent tampering of the database. The rising demand for data security of novel genomic data is increasing the need for blockchain in genomics. The global Blockchain in Genomics Market is set to expand at a CAGR of 65.8% during the forecast timeframe to attain a market valuation of USD 1,285.3 Million by 2027, as per the latest analysis by Emergen Research.
The Blockchain in genomics market report is an investigative study encompassing industry insights along with crucial market data such as facts and figures, technological and product advancements, and analysis of key segments. The important data is gathered through rigorous primary and secondary research and the information is further validated and verified by industry experts and professionals. The report offers a panoramic view of the industry with a special focus on global and regional segments.
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The augmenting demand for enhanced data security of novel genomic data is anticipated to bolster the market demand. The rising adoption blockchain in clinical workflow of genomic information is forecasted to add to the market growth. Furthermore, the increased application of digital services and growing digitization of healthcare amenities is further anticipated to add traction to the industry’s expansion. Additionally, the growing financial support from governments such as funding and investment to advance genomic research are stimulating market growth.
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North America is forecasted to account for the largest share of the industry owing to the increasing awareness among patients, rising investment initiatives and the advancement in the healthcare facilities in the region. The new regulations and laws for use and compensation are forecasted to drive the adoption of genetic testing in the area, thereby augmenting the market growth. The Asia Pacific is set to register the fastest growth owing to the rising adoption of genomics technology in the region.
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Key Features of the Report:
- Holistic view of the Blockchain in genomics market and key segments
- Examination and identification of the growth prospects, market drivers and trends, and potential opportunities
- Assessment and analysis of the micro and macro-economic factors
- Competitive landscape benchmarking
- Extensive regional analysis
- Product types and application spectrum segmentation and analysis
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