Emerging digital genome technologies market
Digital Genome Market The digital genome market is estimated to be valued at US$ 12,000 million in 2023 and is expected to exhibit a CAGR of 10.9% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The digital genome market consists of advanced genomic technologies that enable analysis, storage and interpretation of genomic data. Technologies such as next generation sequencing, polymerase chain reaction and microarrays are widely used for genomic analysis in clinical diagnostics, agricultural applications and biological research. Market Dynamics: Increased adoption of digital genome technologies driven by declining costs of genome sequencing. The cost of sequencing a whole human genome has declined from around $3 million in 2007 to approximately $600 in early 2020. In addition, increasing applications of digital genome technologies in clinical diagnostics is expected to drive market growth over the ...