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Blockchain in Genomics Market Size – USD 24.5 Million in 2019, Market Growth - CAGR of 65.8%

VANCOUER, BC, CANADA, April 4, 2022 /EINPresswire.com/ -- Global Blockchain in Genomics Market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Blockchain in Genomics Market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Blockchain in Genomics Market .

The global Blockchain in Genomics Market is forecasted to be worth USD 1,258.3 Million by 2027, according to a current analysis by Emergen Research. Due to the growing demand for data protection for distinctive genomic data, the global blockchain in the genomics market is anticipated to expand exponentially. In addition, increased adoption of genetic information in the medical practice is anticipated to further drive market growth over the forecasted timeframe. Moreover, private entities and venture capitalists' rising funding is anticipated to augment the market growth shortly.

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Some major companies in the global market report include SGS S.A., Toxikon, Inc., Intertek Group plc, Pace Analytical Services, Charles River Laboratories International, Inc., American Preclinical Services LLC, North American Science Associates, Inc., Sterigenics International LLC, Eurofins, and WuXi AppTec Group, among others.

Blockchain in Genomics Market : Competitive Landscape

The prominent players operating in the Blockchain in Genomics Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Electronic Health Records Market.

Some Key Highlights From the Report

Over the forecast timeline, the utility segment is anticipated to lead the market. It offers a form of digital coupon that can be easily traded in the future for discounted fees or exclusive exposure to a service.
The segment of Business to Business (B2B) is expected to lead the market with a CAGR of 66.0%. The company's adoption of blockchain technology's main benefits entail the unparalleled standards of safety, privacy, and productivity it offers.
In the forecast timeframe, the data sharing and monetization segment are projected to dominate the market. Both sellers and buyers are allowed to connect in a monetized way with personal data with Blockchain technology.
In the forecast period, the segment of Pharmaceutical and Biotechnology will dominate the market. There are a wide variety of feasible implementations in the pharmaceutical and biotechnology industry, like enabling patients, doctors, insurers, and pharmaceutical firms to access health records.

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Global Blockchain in Genomics Market Segmentation

Emergen Research has segmented the global Blockchain in Genomics Market on the basis of service, business model, application, end-use, and region:

Service Outlook (Revenue, USD Million; 2017-2027)
Utility
Platforms
Business Model Outlook (Revenue, USD Million; 2017-2027)
Business to Customer (B2C)
Business to Business (B2B)
Customer to Business (C2B)

Application Outlook (Revenue, USD Million; 2017-2027)
Data Storage & Security
Data Sharing and Monetization
Automated Health Insurance

End-Use Outlook (Revenue, USD Million; 2017-2027)
Hospitals
Pharmaceutical and Biotechnology
Research Institutes
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Why should you buy this Blockchain in Genomics Market report?

The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
By identifying the high-improvement locations, the study inspects the open entryways, keeping an eye out for accomplices.
It examines each submarket in terms of a single improvement design and its contribution to the market.
It examines the recent developments, such as advancements, business strategies, new product releases, and acquisitions.
It purposefully profiles the major market players and thoroughly investigates their advancement strategies.

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