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
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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US DNA Digital Data Storage Market: Strategic Insights
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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
US DNA Digital Data Storage Market Regional Insights
The regional trends and factors influencing the US DNA Digital Data Storage Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses US DNA Digital Data Storage Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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US DNA Digital Data Storage Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 21.40 Million |
| Market Size by 2028 | US$ 711.92 Million |
| Global CAGR (2021 - 2028) | 65.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Sequencing
|
| Regions and Countries Covered | United State
|
| Market leaders and key company profiles |
US DNA Digital Data Storage Market Players Density: Understanding Its Impact on Business Dynamics
The US DNA Digital Data Storage Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the US DNA Digital Data Storage Market are:
- Illumina, Inc.
- Twist Bioscience
- Agilent Technologies, Inc.
- Molecular Assemblies
- Quantum Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
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- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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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
What is the DNA Digital Data Storage Market?
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.
What are the driving factors for the US DNA digital data storage market across the country?
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.
Who are the major players in market 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.
Which segment is dominating the US DNA Digital Data Storage Market?
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.
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- Illumina, Inc.
- Twist Bioscience
- Agilent Technologies, Inc.
- Molecular Assemblies
- Quantum Corporation
- CATALOG
- Microsoft Corporation
- Iridia, Inc.
- F. HOFFMANN-LA ROCHE LTD.
- DNA Script
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