Global Blockchain In Genomics Market Overview
Blockchain in Genomics Market size was valued at about USD 36.3 Million in 2024 and expected to grow at CAGR of 59.6% to extend a value of USD 2558.3 Million by 2034.
Human Genome Project success resulted in the generation of large volumes of genomic data, which is widely used in medical and biotechnology research. Further, advancements in high throughput gene sequencing technologies have enabled scientists to achieve significant cost benefits and expedite the genome sequencing process, as well. According to data published by NCBI, it is estimated that, around 15% of the world’s population will have their genomes sequenced by 2025, resulting in the generation of several zettabytes of data.
Global Blockchain In Genomics Market Dynamics
The blockchain technology in genomics has emerged as a viable option to store/exchange genomic data. The decentralized information management model used in blockchains has proved significant benefits in banking and the fintech industry which in turn is driving growth of the global market. In addition, cryptocurrencies, which are based on the blockchain technology, are considered to be a powerful tool for peer-to-peer transactions without involving a third party to track the exchange. Further, lowering costs and increasing advancement in sequencing technologies is expected to drive growth of the global blockchain in genomics market over the forecast period. Escalating importance of bio-cybersecurity and nation-wide initiatives for enforcement of genetic data safety is boosting growth of the target market. However, lack of awareness and understanding observed globally along with enormous costs to maintain sensitive genomic data may hamper growth of the global market over the forecast period. Nevertheless, many companies have undertaken initiatives to promote the use of blockchain technology for genomic data management which is creating lucrative growth opportunities for the global market. Moreover, increasing strategic partnerships (involving relevant government bodies and pharmaceutical players) and investments by venture capital/other stakeholders, indicate that the concept of using blockchain platforms for the management and storage of genetic information is gaining traction in the healthcare industry.
Global Blockchain In Genomics Market Segmentation
The global blockchain in genomics market is segmented based on business model, service, application, and region.
On the basis of business model, the global blockchain in genomics market is segmented into B2B business model, B2C business model, and C2B business model. Based on service, the target market is classified into utility tokens and blockchain platforms. On the basis of application, the target market is bifurcated into data sharing & monetization, data storage & security, and automated health insurance. Based on region the global blockchain in genomics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America along with Europe is dominating the global market and is expected to maintain its dominance over the forecast period. This is mainly attributed due to the availability of abundant funds and the existence of a large number of companies undertaking research in the field of molecular biology. In Europe, vast initiatives undertaken by the European Union to boost research in the field of genomics has stimulated the rate of growth of the global market in this region. Asia-Pacific is anticipated to witness the most significant development due to strengthening economies of developing countries such as India and China and the increased focus of the respective governments on encouraging research in the field of genomics.
Global Blockchain in Genomics Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Blockchain in Genomics Market, By Business Model
- Middle East & Africa Blockchain in Genomics Market, By Service
- Middle East & Africa Blockchain in Genomics Market, By Application
- Middle East & Africa Blockchain in Genomics Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Blockchain in Genomics Market, By Business Model
- Latin America Blockchain in Genomics Market, By Service
- Latin America Blockchain in Genomics Market, By Application
- Latin America Blockchain in Genomics Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Blockchain in Genomics Market, By Business Model
- Asia Pacific Blockchain in Genomics Market, By Service
- Asia Pacific Blockchain in Genomics Market, By Application
- Asia Pacific Blockchain in Genomics Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Blockchain in Genomics Market, By Business Model
- Europe Blockchain in Genomics Market, By Service
- Europe Blockchain in Genomics Market, By Application
- Europe Blockchain in Genomics Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Blockchain in Genomics Market, By Business Model
- North America Blockchain in Genomics Market, By Service
- North America Blockchain in Genomics Market, By Application
- North America Blockchain in Genomics Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Blockchain In Genomics Market Key Players
Global Blockchain In Genomics Market Company Profile
- Encrypgen Incorporated *
- Company Overview
- Chipset Portfolio
- Key Highlights
- Financial Performance
- Digital DNAtix Ltd.
- Genomes.io
- Genobank.io Inc.
- Longenesis
- Nebula Genomics, Inc.
- LunaDNA, LLC
- Shivom Ventures Limited
- WuXi Nextcode Genomics, Inc.
- SimplyVital Health, Inc.
- Zenome.io, Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Blockchain In Genomics Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Business Model
- Market Snippet, By Service
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Blockchain in Genomics Market, By Business Model, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- B2B Business Model
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- B2C Business Model
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- C2B Business Model
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Blockchain in Genomics Market, By Service, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Utility Tokens
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Blockchain Platforms
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Blockchain in Genomics Market, By Application, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Data Sharing & Monetization
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Data Storage & Security
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Automated Health Insurance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Blockchain in Genomics Market, By Region, 2024 – 2034, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Business Model, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Service, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Business Model, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Service, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Business Model, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Service, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Business Model, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Service, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Business Model, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Service, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Mn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Encrypgen Incorporated
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Digital DNAtix Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Genomes.io
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Genobank.io, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Longenesis
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nebula Genomics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- LunaDNA, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Shivom Ventures Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- WuXi Nextcode Genomics, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- SimplyVital Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Encrypgen Incorporated
-
- Section
- Research Methodology
- About Us
- Contact
FAQs
The blockchain in genomics market is segmented based on business model, service, application, and region.
The decentralized information management model used in blockchains has proved significant benefits in banking and the fintech industry which in turn is driving growth of the global market.
North America along with Europe is dominating the global market and is expected to maintain its dominance over the forecast period.
The key players operating the global blockchain in genomics market involves Encrypgen Incorporated, Digital DNAtix Ltd., Genomes.io, Genobank.io Inc., Longenesis, Nebula Genomics, Inc., LunaDNA, LLC, Shivom Ventures Limited, WuXi Nextcode Genomics, Inc., SimplyVital Health, Inc., and Zenome.io Ltd.