Diagnostic Research Segment to Dominate Europe DNA Digital Data Storage Market During 2021–2028
According to The Insight Partners market research study on “Europe DNA Digital Data Storage Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Sequencing, Application, and End User,” is expected to reach US$ 459.57 million by 2028 from US$ 15.35 million in 2021. The market is estimated to grow at a CAGR of 62.5% from 2021 to 2028. The report provides trends prevailing in the Europe DNA digital data storage market along with the drivers and restraints pertaining to the market growth. Presence of DNA digital data storage service providers and growing investments and innovation in DNA data storage are the major factor driving the growth of the Europe DNA digital data storage market. However, availability of alternatives hinders the growth of Europe DNA digital data storage market.
The Europe DNA digital data storage market is segmented based on sequencing, application, end user, and country. Based on sequencing, the Europe DNA digital data storage market is segmented based on synthesis sequencing, ion semiconductor sequencing, chain termination sequencing, nanopore sequencing, and ligation sequencing. The synthesis sequencing segment dominated the Europe DNA digital data storage market in 2020 and nanopore sequencing segment is expected to be fastest growing during forecast period. Based on application, the Europe DNA digital data storage market is segmented based on diagnostic research, personalized medicine, and others. The diagnostic research segment dominated the Europe DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on end user, the Europe DNA digital data storage market is segmented based on hospital and clinics, pharmaceutical and biotechnology companies, academic and research institutes, and others. The academic and research institutes segment dominated the Europe DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the Europe DNA digital data storage market has been segmented into the UK, Germany, France, Italy, Spain, and rest of Europe.
Agilent Technologies, Inc.; DNA Script; Evonetix.; F. Hoffmann-La Roche Ltd.; Illumina, Inc.; Microsoft Corporation; Quantum Corporation; and Twist Bioscience are among the leading companies in the Europe DNA digital data storage market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Quantum Corp announced an enhancement to its ActiveScale platform with emphasize on data security, scaled up capacity efficiency and performance. Further, the company also added a more compact, entry level configuration to its portfolio.
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