Digital Genome Market to grow at 9.5% CAGR from 2016 to 2024

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Sequencing chips segment of Digital Genome Market
to grow at 10 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Digital Genome Market

• Increased adoption of personalized medicine aimed
  at identifying genomic markers of disease and
  prescribe drugs that specifically target the
  pathway will drive the digital genome market
  size.
• Growing emphasis on sensitivity and specificity
  of the gene sequencing instruments should also
  fuel industry growth.
• In 2015, sequencing and analyzing instruments
  accounted for over 40 of digital genome market
  share. Technological innovation for development
  of novel instruments coupled with growing
  investments in genetic research will provide
  thrust to industry expansion.
• Sequencing chips should witness over 10 CAGR
  owing to continuous RD in bioinformatics,
  microfluidics, enzymology, and nanotechnology
  providing innovative platforms for digital genome
  market growth.

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Continued...

• Biotechnology innovation has enabled development
  of genetically modified organisms (GMOs) in order
  to introduce specific improvements or traits.
  Successful production and commercialization of
  such modified organisms should stimulate business
  growth. Extensive applications in clinical
  diagnosis and research will also contribute to
  industry growth.
• Effective disease management strategies for
  chronic ailments and growing number of private
  and public investments and grants are forecast to
  propel digital genome market growth over the
  forecast years.
• Bio-pharmaceutical companies accounted for over
  45 of digital genome market share due to
  increasing demand for targeted drug therapy.
  Growing usage trend for precision medicines
  should provide lucrative growth opportunities for
  segment growth.
• U.S. digital genome market size accounted for
  over 80 of the North American revenue in 2015,
  mainly due to the presence of established
  healthcare infrastructure and advanced facilities
  for effective treatment and care.

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Germany Digital Genome Market size, by product,
2012-2024 (USD Million)

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Continued...

• In 2015, Germany digital genome market size was
  valued at over USD 1.4 billion and is anticipated
  to witness considerable growth till 2024.
  Increasing investments by public and private
  companies for development of novel technologies
  should boost digital genome industry growth.
• China digital genome market is set to witness
  over 10 CAGR owing to favorable government
  initiative for development of human genetic
  resources platform and increasing collaboration
  among research institutes for creation of genomic
  databases and biobanks.
• Some of the major players in sequencing and
  analysis instruments market include Life
  Technologies, Illumina, Thermo Fisher Scientific,
  and Roche. Few of the advanced sequencing
  technologies are Illumina (Solexa) sequencing,
  Roche 454 sequencing, Ion torrent proton/ PGM
  sequencing and SOLiD (sequencing by
  Oligonucleotide Ligation and Detection)
  sequencing.

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