Global Blockchain In Genomics Market By Type (Public, Federated, Private), By Application (Clinical Trials, IP Management, Drug Discovery, Data storage and security, Others), By Models (Token-economy, Service, Development Platforms, Blockchain based software products), By Targets (B2B, B2C, C2C), By End User (Pharmaceutical companies, Research institutes), By Region, Forecast & Opportunities, 2025
Global blockchain in genomics market is expected to grow at a significant CAGR during the forecast period. Blockchain in genomics stores, manages and processes the transaction of genomic data between genomic data providers and its customers. Additionally, major factor driving the market is utility and demand to secure such transactions comprising of unique genomic data. However, the market is expected to be restrained due to the lack of understanding of utility of blockchain in genomics and high maintenance costs.
The market for global blockchain in genomics is segmented based on type, application, models, targets, end user and region. The end user segment is bifurcated into pharmaceutical companies and research institutes. Among these, pharmaceutical companies held the dominant market share in 2019 and the trend is likely to continue in the coming years as well. Additionally, pharma companies are mainly the ones carrying out the transaction of genomic data contributing to its leading position in the market.
In terms of regional analysis, North America held the dominant share in the market because of its rich economy and the presence of numerous research companies in the region. Additionally, Asia-Pacific is anticipated to witness fastest growth until 2025 as developing economies like India and China are now adopting blockchain in genomics.
Leading players in the global blockchain in genomics market include DNAtix, Shivom, Zenome, Luna DNA, EncrypGen, Nebula Genomics, GSK, Pfizer, Genobank.io, Merck, Genomes.io, WuXi Nextcode Genomics, Murrieta Genomics, Gene Blockchain, Longenesis, SimplyVital Health, Neogen, Ripe Technology, etc. The inter-company competition keeps on increasing parallelly with the market which in turn leads to innovations in technology, thus increasing customer satisfaction on a global level.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
To analyze and forecast the market size of global blockchain in genomics market.
To classify and forecast global blockchain in genomics market based on type, application, models, targets, end user, region and company.
To identify drivers and challenges for global blockchain in genomics market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global blockchain in genomics market.
To conduct pricing analysis for global blockchain in genomics market.
To identify and analyze the profile of leading players operating in global blockchain in genomics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the globe.
TechSci Research calculated the market size of global blockchain in genomics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
Blockchain in genomics service providers, vendors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to blockchain in genomics
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global blockchain in genomics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
Market, By Application:
Data storage and security
Market, By Models:
Blockchain based software products
Market, By Target:
Market, By End User:
Market, By Region:
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global blockchain in genomics market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.
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