The US DNA digital data storage market is expected to grow from US$ 21.40 million in 2021 to US$ 711.92 million by 2028; it is estimated to grow at a CAGR of 65.0% during 2021–2028.
DNA digital data storage is a method of encoding and decoding binary data to and from synthesized strands of DNA. The DNA has garnered interest as a medium for digital information storage due to its high storage density and durability that is superior to those of existing silicon-based storage media. Moreover, DNA’s four-letter nucleotide code provides a suitable coding environment that can be used in the same way that computers and other electrical devices employ binary digital code to represent any letter, digit, or character.
Factors driving the growth of the US DNA digital data storage market are the presence of DNA digital data storage-related service providers, and active investments and business innovation in DNA data storage.
US DNA Digital Data Storage Market
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Market Insights
Presence of DNA Digital Data Storage-Related Service Providers
Presence of DNA Digital Data Storage-Related Service Providers
Healthcare IT sector establishes a significant scope and opportunities for the researchers and organizations in the US. Various organizations are energetically involved in activities related to DNA data storage. The US has various players operating in the DNA digital data storage market. Also, Agilent Technologies, Inc.; CATALOG; and Microsoft Corporation are a few international companies offering their products and services across the country. Owing to the rising popularity and application of DND storage, the market players in the US are exploring possible opportunities by adopting organic and inorganic business strategies. For instance, in April 2021, PFU America, Inc. (PFU), based in California, entered a partnership with the DNA Data Storage Alliance, directed by Twist Bioscience Corporation; Illumina, Inc.; Western Digital; and Microsoft. PFU is actively promoting digital transformations worldwide. Thus, the presence and active involvement of market players in the country propel the adoption of DNA digital storage, which drives the growth of the DNA digital data storage market in the US.
Sequencing-Based Insights
The US DNA digital data storage market, by sequencing, is segmented into synthesis sequencing, ion semiconductor sequencing, chain termination sequencing, ligation sequencing, and nanopore sequencing. The synthesis sequencing segment held the largest share of the market in 2021. However, the nanopore sequencing segment is anticipated to register the highest CAGR in the market during the forecast period. The market growth for this segment is attributed to the availability of nanopore sequencing-related products and the active involvement of market players.
US DNA Digital Data Storage Market, by Sequencing – 2021 and 2028
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Application-Based Insights
By application, the US DNA digital data storage market is segmented into diagnostic research, personalized medicine, and others. The diagnostic research segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. Diagnostics-related activities, such as the research investigation of samples, are performed by the researchers and organizations, and hence are likely to foster the growth of market during the forecast period.
End User-Based Insights
The US DNA digital data storage market, by end user, is segmented into academics and research institutes, pharmaceutical and biotechnology companies, hospitals and clinics, and others. The academics and research institutes segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
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US DNA Digital Data Storage Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
US DNA Digital Data Storage Market: Strategic Insights
Akshay
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Product launches is commonly adopted strategies by companies to expand their footprints and product portfolios in the market. Moreover, the companies have implemented various inorganic strategies such as merger and acquisitions, and partnerships. For instance, in June 2021, DNA Script launched SYNTAX platform commercially with its first product, the SYNTAX system, the first benchtop nucleic acid printer powered by Enzymatic DNA Synthesis (EDS) technology. The SYNTAX system, a fully integrated, automated printer that synthesizes 96 DNA oligos in parallel, comprises ~60 nucleotides in length and delivers them ready for use in molecular biology and genomics workflows.
Company Profiles
- Twist Bioscience
- Illumina, Inc.
- Agilent Technologies, Inc.
- Molecular Assemblies
- Quantum Corporation
- CATALOG
- Microsoft Corporation
- Iridia, Inc.
- F. HOFFMANN-LA ROCHE LTD.
- DNA Script
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
DNA digital data storage is the method of encoding and decoding binary data to and from synthesized strands of DNA. The DNA has garnered interest as a medium for digital information storage due to its high storage density and durability that is superior to those of existing silicon-based storage media. Moreover, DNA’s four-letter nucleotide code provides a suitable coding environment that can be used in the same way that computers and other electrical devices employ binary digital code to represent any letter, digit, or other character.
The factors that are driving and restraining factors that will affect the US DNA digital data storage market in the coming years. Factors such as the Presence of DNA digital data storage-related service providers, active investments and business innovation in DNA data storage. However, availability of alternate options and associated limitations hampers the US DNA digital data storage market.
The genome editing market majorly consists of the players such as Illumina, Inc., Twist Bioscience, Agilent Technologies, Inc., Molecular Assemblies, Quantum Corporation, CATALOG, Microsoft Corporation, Iridia, Inc., F. HOFFMANN-LA ROCHE LTD., DNA Script amongst others.
The US DNA digital data storage market based on sequencing, is segmented into synthesis sequencing, ion semiconductor sequencing, chain termination sequencing, ligation sequencing, nanopore sequencing. The synthesis sequencing segment held the largest share of the market in 2021 and nanopore sequencing register the highest CAGR during the forecast period.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 DNA Digital Data Storage Market – By Sequencing
1.3.2 DNA Digital Data Storage Market – By Application
1.3.3 DNA Digital Data Storage Market – By End User
2. DNA Digital Data Storage Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. DNA Digital Data Storage Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. U.S. DNA Digital Data Storage Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Presence of DNA Digital Data Storage-Related Service Providers
5.1.2 Active Investments and Business Innovation in DNA Data Storage
5.2 Market Restraints
5.2.1 Availability of Alternate Options and Associated Limitations
5.3 Market Opportunities
5.3.1 Increasing Applications of DNA Data Storage
5.4 Future Trends
5.4.1 Growing Demand for Long-Term Data Storage in Smaller Space
5.5 Impact Analysis of Drivers and Restraints
6. DNA Digital Data Storage Market – US Analysis
6.1 U.S. DNA Digital Data Storage Market Revenue Forecast and Analysis
6.1.1 Overview
6.2 Market Positioning of Key Players
7. DNA Digital Data Storage Market Analysis– by Sequencing
7.1 Overview
7.2 DNA Digital Data Storage Market, by Sequencing 2021 & 2028 (%)
7.3 US: DNA Digital Data Storage Market, by Sequencing, 2019–2028 (USD Million)
7.4 Synthesis Sequencing
7.4.1 Overview
7.4.2 Synthesis Sequencing: DNA digital data storage Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Ion Semiconductor Sequencing
7.5.1 Overview
7.5.2 Ion Semiconductor Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Chain Termination Sequencing
7.6.1 Overview
7.6.2 Chain Termination Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Ligation Sequencing
7.7.1 Overview
7.7.2 Ligation Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Nanopore Sequencing
7.8.1 Overview
7.8.2 Nanopore Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
8. DNA Digital Data Storage Market Analysis – By Application
8.1 Overview
8.2 DNA Digital Data Storage Market Revenue Share, by Application (2021 and 2028)
8.3 US: DNA Digital Data Storage Market, by Application, 2019–2028 (USD Million)
8.4 Diagnostic Research
8.4.1 Overview
8.4.2 Diagnostic Research: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Personalized Medicine
8.5.1 Overview
8.5.2 Personalized Medicine: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
9. DNA Digital Data Storage Market Analysis – By End Users
9.1 Overview
9.2 DNA Digital Data Storage Market Revenue Share, by End Users (2021 and 2028)
9.3 US: DNA DIGITAL Data Storage Market, by End Users, 2019–2028 (USD Million)
9.4 Academics and Research Institutes
9.4.1 Overview
9.4.2 Academics and Research Institutes: DNA DIGITAL DATA STORAGE Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pharmaceutical and Biotechnology Companies
9.5.1 Overview
9.5.2 Pharmaceutical and Biotechnology Companies: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Hospitals and Clinics
9.6.1 Overview
9.6.2 Hospitals and Clinics: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
10. Impact of COVID-19 Pandemic on U.S. DNA Digital Data Storage Market
10.1 US: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies in the DNA Digital Data Storage Market (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Twist Bioscience
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Agilent Technologies, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Molecular Assemblies
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Quantum Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CATALOG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Microsoft Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Iridia, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 F. HOFFMANN-LA ROCHE LTD.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 DNA Script
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. U.S. DNA Digital Data Storage Market, by Sequencing – Revenue and Forecast to 2028 (USD Million)
Table 2. U.S. DNA Digital Data Storage Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. U.S. DNA Digital Data Storage Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 4. Organic Developments in the DNA Digital Data Storage Market
Table 5. Inorganic Developments in the DNA Digital Data Storage Market
Table 6. Glossary of Terms, U.S. DNA Digital Data Storage Market
LIST OF FIGURES
Figure 1. DNA Digital Data Storage Market Segmentation
Figure 2. U.S. DNA Digital Data Storage Market Overview
Figure 3. Synthesis Sequencing Segment Held Largest Share by Sequencing in the DNA Digital Data Storage Market
Figure 4. U.S. DNA Digital Storage Market, Industry Landscape
Figure 5. PEST Analysis
Figure 6. DNA Digital Data Storage Market Impact Analysis of Drivers and Restraints
Figure 7. U.S. DNA Digital Data Storage Market – Revenue Forecast and Analysis – 2021-2028
Figure 8. Market Positioning of Key Players
Figure 9. DNA Digital Data Storage Market, by Sequencing 2021 & 2028 (%)
Figure 10. Synthesis Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Ion Semiconductor Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Chain Termination Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Ligation Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Nanopore Sequencing: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. DNA Digital Data Storage Market Revenue Share, by Application (2021 and 2028)
Figure 16. Diagnostic Research: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Personalized Medicine: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. DNA Digital Data Storage Market Revenue Share, by End Users (2021 and 2028)
Figure 20. Academics and Research Institutes: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Pharmaceutical and Biotechnology Companies: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Hospitals and Clinics: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: DNA Digital Data Storage Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic on DNA DIGITAL DATA STORAGE Market in the US
Figure 25. Growth Strategies in the DNA Digital Data Storage Market (%)
- Illumina, Inc.
- Twist Bioscience
- Agilent Technologies, Inc.
- Molecular Assemblies
- Quantum Corporation
- CATALOG
- Microsoft Corporation
- Iridia, Inc.
- F. HOFFMANN-LA ROCHE LTD.
- DNA Script
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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