Digital Genome Market to surpass $45bn by 2024

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Digital Genome Market to reach 45bn by 2024
Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Digital Genome Market

• According to Global Market Insights, Inc.,
  Digital Genome Market size is set to exceed USD
  45 billion by 2024.
• Digital genome market value will ascend rapidly
  propelled by the high speed and precision of
  human genome sequencing.
• Government and private organizations have
  subsequently increased their funding to enhance
  the development of novel sequencing
  methodologies. This factor is expected to
  considerably stimulate the industry trends over
  the span of the next few years.
• Academic research institute end use segment will
  register high growth rate over the coming seven
  years, primarily driven by the huge economical
  backing by investors for improvised services,
  instruments, and technological innovations.
• Other end use segments in the digital genome
  market are bio-pharmaceutical companies,
  hospitals, and diagnostics forensic labs.

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Continued

• Research development, microbiology,
  transportation, reproductive genetic, and
  livestock agriculture are the main application
  sectors of digital genome industry.
• Microbiology application accounted for more than
  22 of the overall market share in 2015 and will
  collect a revenue of more than USD 10 billion by
  2024, owing to the growing demand for microbes
  across the biological, industrial, and clinical
  sectors.
• Based on the products, digital genome industry
  primarily comprises sequencing analysis
  software, sequencing and analyzer instruments,
  sequencing chip, sample prep instruments, and DNA
  or RNA analysis kits.
• Sequencing analysis software will register an
  annual growth rate of 9.8 over the period of
  2016 to 2024. The growth can be attributed to the
  technological enhancements in myriad software
  suites.
• Russia digital genome market collected a revenue
  of more than USD 290 million in 2015 and is
  predicted to grow lucratively over the coming
  seven years.

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

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