US DNA Digital Data Storage Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Sequencing (Synthesis Sequencing, Ion Semiconductor Sequencing, Chain Termination Sequencing, Ligation Sequencing, and Nanopore Sequencing), Application (Diagnostic Research, Personalized Medicine, and Others), and End User (Academics and Research Institutes, Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, and Others)
Publication Month: Jan 2022 | Report Code: TIPRE00026867 | No. of Pages: 117 | Category: Healthcare IT | Status: Published
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.
Strategic Insights
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
Frequently Asked Questions
- 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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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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