Blockchain In Genomics Market Size to Grow Steadily, Projected to Hit $2.01 Billion by 2029 at 18.7% CAGR

 The Business Research Company’s report on the blockchain in genomics Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.

 
 What are the primary drivers fueling the growth of the blockchain in genomics market in recent years?
 The rising adoption of digital tools is expected to propel the growth of the blockchain in genomics market going forward. Digital adoption is the process of incorporating new digital tools and systems to improve work processes and achieve objectives. The global COVID-19 pandemic served as a significant catalyst for digital adoption, with lockdowns and social distancing measures, individuals and businesses were forced to rely on digital tools for communication, education, shopping, and entertainment. Digital tools, such as software, hardware, and online platforms, are used blockchain in genomics to enhance encryption and security for genomic data, ensuring confidentiality and protection. For instance, in May 2024 according to a report published by Eurostat, a Luxembourg-based government agency, in 2023, 8.5% of individuals in the EU aged 16 to 74 participated in online consultations using the internet. Therefore, the rising demand for digital health solutions is driving the growth of blockchain in the genomics market.
 
 Blockchain In Genomics Market Driver: Impact Of Personalized Medicine On The Growth Of Blockchain In Genomics Market
 
 The growing demand for personalized medicine is expected to propel the growth of the blockchain in the genomics market going forward. Personalized medicine refers to a medical approach that tailors healthcare decisions and medical treatments to the individual characteristics of each patient. The increasing burden of chronic diseases such as cancer, heart disease, and diabetes, there’s a stronger need for targeted treatments that address the specific causes and progression of each patient’s condition. Blockchain in genomics is used in personalized medicine to ensure secure storage and sharing of genomic data, protecting individuals’ privacy while still allowing researchers and healthcare providers to access the necessary information for personalized treatments. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based membership organization, the Food and Drug Administration’s Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs) in 2022. Further, out of the 35 therapeutic NMEs, approximately 34%, which amounts to 12 of them, are classified as personalized medicines by the Personalized Medicine Coalition (PMC). Therefore, the growing demand for personalized medicine drives the growth of the blockchain in the genomics market.
 
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 What is the projected market size of the blockchain in genomics industry, and how is it expected to grow?
 The blockchain in genomics market size has grown exponentially in recent years. It will grow from $0.84 billion in 2024 to $1.01 billion in 2025 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to rising developments in genomics, rising adoption of digital tools, digitization of healthcare services by patients, increasing interest in blockchain technologies and their capabilities, rising awareness about the potential benefits of blockchain in genomics.
 
 The blockchain in genomics market size is expected to see rapid growth in the next few years. It will grow to $2.01 billion in 2029 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to increasing demand for secure and efficient storage and retrieval of genomic data, growing adoption of blockchain-based solutions for genomic data sharing, rising investment in research and development activities in genomics, increasing government investments in healthcare research and development. Major trends in the forecast period include advancements in blockchain-based technologies for genomic data storage and retrieval, technological advancements, innovative development, increased investment and funding, blockchain in bioinformatics.
 
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 Who are the key players driving competition in the blockchain in genomics market?
 
 
 
 
 
 Which key geographies are driving the growth of the blockchain in genomics market?
 North America was the largest region in the blockchain in genomics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
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 What are the key segments driving growth in the blockchain in genomics market?
 The blockchain in genomics market covered in this report is segmented –
 
 1) By Service: Utility Tokens, Blockchain Platforms
 2) By Business Model: Business-To-Business (B2B) Business Model, Business To Consumer (B2C) Business Model, Consumer-to-Business (C2B) Business Model
 3) By Application: Automated Health Insurance, Pharmaceutical And Biotechnology Companies, Hospitals And Healthcare Providers, Research Institutes, Data Owners, Other End Users
 
 Subsegments:
 1) By Utility Tokens: Access Tokens, Functional Tokens
 2) By Blockchain Platforms: Public Blockchain Platforms, Private Blockchain Platforms, Consortium Blockchain Platforms
 
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 How is the blockchain in genomics market defined, and what are its core characteristics?
 Blockchain in genomics refers to the application of blockchain technology in the field of genomics, combining the decentralized and secure nature of blockchain with the storage, sharing, and analysis of genomic data. It provides a blockchain-based platform for individuals to securely store and share the genomic data.
 
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