Digital Genome Market Trends

Digital Genome Market Trends

The digital genome market is expected to grow at a significant pace in forthcoming years, owing to escalating usage of precision medicines ought to provide profitable growth prospects for this market. The soaring application of digital genomics in next generation sequencing and extensive use of microorganisms in diagnostics industry will further boost the growth. Moreover, escalating number of private and public funds are predicted to push the market expansion over the forecast years.
 

Biotechnology invention has led to production, advancement and commercialization of genetically modified organisms (GMOs). These organisms have extensive applications in clinical diagnosis and research that will contribute to industry growth. In addition, biotechnology firms are replacing traditional methods of gene sequencing in plants by novel techniques. For instance, development of Bt cotton by introduction of the Bt gene from Baccilus thuringenesis is used for providing resistance against pests. The advancement has created a positive impact in digital genomics industry. Nonetheless, aspects such as lack of awareness regarding digital genome, security & privacy of patient data, and incorrect results are likely to obstruct the market expansion during the projected period.