Report : Europe Digital Genome Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (DNA/RNA Analysis, Sequencing Chips, Sequencing and Analyzer Instruments, Sample Prep Instruments, Sequencing and Analysis Software); Application (Diagnostics, Agricultural, Academic Research, Drug Discovery, Personalizes Medicine, Other application); End User (Diagnostics and Forensic Labs, Academic Research Institutes, Hospitals, Other End User), and Country
Sequencing and Analyzer Instruments Segment Held Largest Share of Digital Genome Market in 2019
According to our new market research study on “EuropeDigital Genome MarketForecast to 2027 - Covid-19 Impact and Regional Analysis by Product, Applicationand End-User”the market is expected to reach US$ 5,994.09 millionby 2027 from US$ 3,250.04 million in 2019; it is estimated to grow at a CAGR of 8.1% from 2020 to 2027. The report provides trends prevailing in the EuropeDigital Genomemarket and the factors driving the market growth along with those hindering it.
Based on product, the digital genome market is further segmented into DNA/RNA analysis, sequencing chips, sequencing and analyzer instruments, sample prep instruments, and sequencing and analysis software. In 2019, the sequencing and analyzer instruments segment accounted for the largest share of the market. Growth in this segment can be attributed to the increasing adoption of analyzing instruments for sequencing by pharmaceutical and biopharmaceutical companies in advanced economies. Moreover, companies are focusing on supplying superior quality instruments to research centers and pharmaceutical companies that are involved in developing therapies for genetic diseases, which will offer lucrative opportunities during the forecast period.
The growth of the EuropeDigital Genome marketis mainly attributed to government and private funding for genome sequencing, launch of innovative technologies for genome projects, and increase in various research for genome in the country.However,the security and confidentiality issueare the major factor hindering the market growth in Europe.
A few of the leading companies operating in the EuropeDigital Genomemarket areTHERMO FISHER SCIENTIFIC INC, Illumina, Inc, F. HOFFMANN-LA ROCHE LTD, QIAGEN, and bioMerieux SA.
The report segments Europe Digital Genome market as follows:
Europe Digital Genome Market– ByProduct
Europe Digital Genome Market – By Application
Europe Digital Genome Market – By End-User
Europe Digital Genome Market– By Country