Global Blockchain in Genomics Market Size Study & Forecast, By Business Model By Service By Application By End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Blockchain in Genomics Market is valued at approximately USD 1.06 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.11% over the forecast period 2023-2030. Blockchain in Genomics enhances the security of genomic data by providing encryption and decentralized storage. This reduces the risk of data breaches and unauthorized access, which is crucial given the sensitive nature of genomic information. The Blockchain in the Genomics market is expanding because of factors such as the rising number of approvals related to personalized medicines and the increasing popularity of blockchain technology. Blockchain facilitates the secure and transparent sharing of genomic data among researchers, clinicians, and other stakeholders. Smart contracts, programmable self-executing agreements on the blockchain, can automate data-sharing agreements, ensuring compliance with privacy regulations and enabling efficient collaboration. As a result, the demand for Blockchain in Genomics has progressively increased in the international market during the forecast period 2023-2030.

Personalized medicine relies heavily on genetic data and patient information to tailor treatments to individuals' unique genetic profiles. Blockchain technology offers a secure and transparent way to store, manage, and share this sensitive genomic data, ensuring privacy, integrity, and accessibility. In 2022, the FDA's Center for Drug Evaluation and Research (CDER) sanctioned 37 new molecular entities (NMEs). Among these, approximately 34 percent, or 12 of the 35 therapeutic NMEs, fall under the classification of personalized medicines as defined by the Personalized Medicine Coalition (PMC). Personalized medicines have now accounted for at least a quarter of new drug approvals for each of the last eight years. The approval trends suggest that personalized medicine has become a mainstay of health care across multiple disease states. Blockchain technology can facilitate the integration and interoperability of disparate data sources, such as genomic data, electronic health records, and clinical trial data, enabling comprehensive patient profiling and personalized treatment strategies. Another important factor that drives the Blockchain in the Genomics market is the increasing popularity of blockchain technology within the healthcare industry. Blockchain enhances traceability and auditability of genomic data, ensuring compliance with regulatory requirements such as General Data Protection Regulation and Health Insurance Portability and Accountability Act. This fosters trust among stakeholders and facilitates regulatory approval for genomic products and services. In addition, as per Gitnux Organization, the global blockchain technology market size is expected to reach USD 39.7 billion by the year 2025, growing at a CAGR of 67.3% between 2020 to 2025. In addition, the healthcare industry is expected to invest roughly USD 5.61 billion in blockchain technology by the year 2025. Moreover, advancements in genomics development techniques and rapid digitization of healthcare services are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high development cost of blockchain in genomics and the lack of technical expertise are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Blockchain in Genomics Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing research and development expenditure in the region. According to the National Centre for Science and Engineering Statistics, academic institutions invested USD 97.8 billion in research and development in fiscal year 2022, rising a total of USD 8.0 billion from fiscal year 2021. R&D spending from federal sources accounted for USD 4.9 billion of the overall increase. Internally funded R&D expenditures (institution funding) at universities increased by USD 2.1 billion from FY 2021, whereas business-supported university R&D went up by USD 587 million. The region's dominant performance is anticipated to propel the overall demand for Blockchain in Genomics. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as digitization of healthcare services in the region. Blockchain-based platforms enable individuals to securely monetize their genomic data while maintaining ownership and control over its usage. This incentivizes data sharing for research purposes, driving collaboration and innovation in genomics research and personalized medicine.

Major market players included in this report are:

Digital DNAtix Ltd.
Encrypgen Incorporated
Genobank.io Inc.
Genomes.io
Longenesis
LunaDNA, LLC
Nebula Genomics, Inc.
Shivom Ventures Limited
SimplyVital Health, Inc.
WuXi Nextcode Genomics, Inc.

Recent Developments in the Market:

In March 2024, MENADNA Inc., a leading startup in bioinformatics and genetic testing focusing on the Middle East and North Africa (MENA) area, announced an exclusive cooperation with Nebula Genomics, a pioneer in personalized genome sequencing. This significant collaboration establishes MENADNA as Nebula Genomics' exclusive partner in Jordan, Oman, and Iraq. MENADNA now operates in the UAE and intends to expand into the Saudi market in the future. This collaboration aims to significantly improve the quality and relevance of genomic data for the region, which has historically been underserved in global genome-wide association studies, by leveraging Nebula Genomics' advanced sequencing technologies and MENADNA's proprietary bioinformatics pipeline.

Global Blockchain in Genomics Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Business Model, Service, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Business Model:

B2B Business Model
B2C Business Model
C2B Business Model

By Service:

Utility Tokens
Blockchain Platforms

By Application:

Data Sharing & Monetization
Data Storage & Security
Automated Health Insurance

By End User:

Pharmaceutical & Biotechnology Companies
Hospitals & Healthcare Providers
Research Institutes
Data Owners
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Blockchain in Genomics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Blockchain in Genomics Market, by Business Model, 2020-2030 (USD Billion)
- 1.2.3.Blockchain in Genomics Market, by Service, 2020-2030 (USD Billion)
- 1.2.4.Blockchain in Genomics Market, by Application, 2020-2030 (USD Billion)
- 1.2.5.Blockchain in Genomics Market, by End User, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Blockchain in Genomics Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Blockchain in Genomics Market Dynamics

3.1.Blockchain in Genomics Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Rising Number of Approvals Related to Personalized Medicines
  - 3.1.1.2.Increasing Popularity of Blockchain Technology within Healthcare Industry
- 3.1.2.Market Challenges
  - 3.1.2.1.High Development Cost of Blockchain In Genomics
  - 3.1.2.2.Lack Of Technical Expertise
- 3.1.3.Market Opportunities
  - 3.1.3.1.Advancements in Genomics Development Techniques
  - 3.1.3.2.Rapid Digitization of Healthcare Services

Chapter 4.Global Blockchain in Genomics Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Blockchain in Genomics Market, by Business Model

5.1.Market Snapshot
5.2.Global Blockchain in Genomics Market by Business Model, Performance - Potential Analysis
5.3.Global Blockchain in Genomics Market Estimates & Forecasts by Business Model 2020-2030 (USD Billion)
5.4.Blockchain in Genomics Market, Sub Segment Analysis
- 5.4.1.B2B Business Model
- 5.4.2.B2C Business Model
- 5.4.3.C2B Business Model

Chapter 6.Global Blockchain in Genomics Market, by Service

6.1.Market Snapshot
6.2.Global Blockchain in Genomics Market by Service, Performance - Potential Analysis
6.3.Global Blockchain in Genomics Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
6.4.Blockchain in Genomics Market, Sub Segment Analysis
- 6.4.1.Utility Tokens
- 6.4.2.Blockchain Platforms

Chapter 7.Global Blockchain in Genomics Market, by Application

7.1.Market Snapshot
7.2.Global Blockchain in Genomics Market by Application, Performance - Potential Analysis
7.3.Global Blockchain in Genomics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4.Blockchain in Genomics Market, Sub Segment Analysis
- 7.4.1.Data Sharing & Monetization
- 7.4.2.Data Storage & Security
- 7.4.3.Automated Health Insurance

Chapter 8.Global Blockchain in Genomics Market, by End User

8.1.Market Snapshot
8.2.Global Blockchain in Genomics Market by End User, Performance - Potential Analysis
8.3.Global Blockchain in Genomics Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4.Blockchain in Genomics Market, Sub Segment Analysis
- 8.4.1.Pharmaceutical & Biotechnology Companies
- 8.4.2.Hospitals & Healthcare Providers
- 8.4.3.Research Institutes
- 8.4.4.Data Owners
- 8.4.5.Others

Chapter 9.Global Blockchain in Genomics Market, Regional Analysis

9.1.Top Leading Countries
9.2.Top Emerging Countries
9.3.Blockchain in Genomics Market, Regional Market Snapshot
9.4.North America Blockchain in Genomics Market
- 9.4.1.U.S. Blockchain in Genomics Market
  - 9.4.1.1.Business Model breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2.Service breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3.Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4.End User breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Blockchain in Genomics Market
9.5.Europe Blockchain in Genomics Market Snapshot
- 9.5.1.U.K. Blockchain in Genomics Market
- 9.5.2.Germany Blockchain in Genomics Market
- 9.5.3.France Blockchain in Genomics Market
- 9.5.4.Spain Blockchain in Genomics Market
- 9.5.5.Italy Blockchain in Genomics Market
- 9.5.6.Rest of Europe Blockchain in Genomics Market
9.6.Asia-Pacific Blockchain in Genomics Market Snapshot
- 9.6.1.China Blockchain in Genomics Market
- 9.6.2.India Blockchain in Genomics Market
- 9.6.3.Japan Blockchain in Genomics Market
- 9.6.4.Australia Blockchain in Genomics Market
- 9.6.5.South Korea Blockchain in Genomics Market
- 9.6.6.Rest of Asia Pacific Blockchain in Genomics Market
9.7.Latin America Blockchain in Genomics Market Snapshot
- 9.7.1.Brazil Blockchain in Genomics Market
- 9.7.2.Mexico Blockchain in Genomics Market
9.8.Middle East & Africa Blockchain in Genomics Market
- 9.8.1.Saudi Arabia Blockchain in Genomics Market
- 9.8.2.South Africa Blockchain in Genomics Market
- 9.8.3.Rest of Middle East & Africa Blockchain in Genomics Market

Chapter 10.Competitive Intelligence

10.1.Key Company SWOT Analysis
10.2.Top Market Strategies
10.3.Company Profiles
- 10.3.1.Digital DNAtix Ltd.
  - 10.3.1.1.Key Information
  - 10.3.1.2.Overview
  - 10.3.1.3.Financial (Subject to Data Availability)
  - 10.3.1.4.Product Summary
  - 10.3.1.5.Recent Developments
- 10.3.2.Encrypgen Incorporated
- 10.3.3.Genobank.io Inc.
- 10.3.4.Genomes.io
- 10.3.5.Longenesis
- 10.3.6.LunaDNA, LLC
- 10.3.7.Nebula Genomics, Inc.
- 10.3.8.Shivom Ventures Limited
- 10.3.9.SimplyVital Health, Inc.
- 10.3.10.WuXi Nextcode Genomics, Inc.

Chapter 11.Research Process

11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
11.2.Research Attributes
11.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Blockchain in Genomics Market, report scope
TABLE 2.Global Blockchain in Genomics Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3.Global Blockchain in Genomics Market estimates & forecasts by Business Model 2020-2030 (USD Billion)
TABLE 4.Global Blockchain in Genomics Market estimates & forecasts by Service 2020-2030 (USD Billion)
TABLE 5.Global Blockchain in Genomics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6.Global Blockchain in Genomics Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 7.Global Blockchain in Genomics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Blockchain in Genomics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Blockchain in Genomics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Blockchain in Genomics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Blockchain in Genomics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Blockchain in Genomics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Blockchain in Genomics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Blockchain in Genomics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Blockchain in Genomics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.Global Blockchain in Genomics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18.U.S. Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.U.S. Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20.Canada Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21.Canada Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.Canada Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23.UK Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24.UK Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.UK Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26.Germany Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27.Germany Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.Germany Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29.France Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30.France Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.France Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32.Italy Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33.Italy Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Italy Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35.Spain Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36.Spain Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.Spain Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38.RoE Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39.RoE Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.RoE Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41.China Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42.China Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.China Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44.India Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45.India Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.India Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47.Japan Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48.Japan Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.Japan Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50.South Korea Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51.South Korea Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.South Korea Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53.Australia Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54.Australia Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.Australia Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56.RoAPAC Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57.RoAPAC Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.RoAPAC Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59.Brazil Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60.Brazil Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Brazil Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62.Mexico Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63.Mexico Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.Mexico Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65.RoLA Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66.RoLA Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.RoLA Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68.Saudi Arabia Blockchain in Genomics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69.South Africa Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.RoMEA Blockchain in Genomics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71.List of secondary sources, used in the study of global Blockchain in Genomics Market
TABLE 72.List of primary sources, used in the study of global Blockchain in Genomics Market
TABLE 73.Years considered for the study
TABLE 74.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Blockchain in Genomics Market, research methodology
FIG 2.Global Blockchain in Genomics Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Blockchain in Genomics Market, key trends 2022
FIG 5.Global Blockchain in Genomics Market, growth prospects 2023-2030
FIG 6.Global Blockchain in Genomics Market, porters 5 force model
FIG 7.Global Blockchain in Genomics Market, pest analysis
FIG 8.Global Blockchain in Genomics Market, value chain analysis
FIG 9.Global Blockchain in Genomics Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Blockchain in Genomics Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Blockchain in Genomics Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Blockchain in Genomics Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Blockchain in Genomics Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Blockchain in Genomics Market, regional snapshot 2020 & 2030
FIG 15.North America Blockchain in Genomics Market 2020 & 2030 (USD Billion)
FIG 16.Europe Blockchain in Genomics Market 2020 & 2030 (USD Billion)
FIG 17.Asia Pacific Blockchain in Genomics Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Blockchain in Genomics Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Blockchain in Genomics Market 2020 & 2030 (USD Billion)