Overview and Scope
DNA digital data storage refers to using DNA (deoxyribonucleic acid) molecules as a medium for storing digital information. DNA, which carries genetic instructions in living organisms, can digitally encode and store non-biological data. DNA can store as much information as billions of gigabytes of traditional digital storage. Data storage and DNA storage are energy-efficient as the information remains intact without needing a constant power source.
Sizing and Forecast
The dna digital data storage market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 65.1%. The growth in the historic period can be attributed to demographic shifts, public health awareness, regulatory frameworks, research and development, prevalence of hearing disorders.
The dna digital data storage market size is expected to see exponential growth in the next few years. It will grow to $1.28 billion in 2028 at a compound annual growth rate (CAGR) of 59.7%. The growth in the forecast period can be attributed to telehealth integration, personalized treatment approaches, wearable health technology, global health initiatives, lifestyle and environmental factors. Major trends in the forecast period include innovative hearing aid technologies, teleaudiology services, preventive hearing healthcare, integration of iot and wearables, regulatory support and standards.
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Segmentation & Regional Insights
The dna digital data storage market covered in this report is segmented –
1) By Sequencing: Synthesis, Ion Semiconductor, Chain Termination, Ligation, Nanopore Sequencing
2) By Deployment: Cloud, On-Premise
3) By Application: Diagnostic Research, Personalized Medicine, Other Application
4) By End User: Hospital, Clinics, Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Other End-Users
Asia-Pacific was the largest region in the DNA digital data storage market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the dna digital data storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for data security is expected to propel the growth of the DNA digital data storage market going forward. Data security involves safeguarding digital information from unauthorized access, disclosure, alteration, or destruction. Data security safeguards in DNA digital data storage ensure the protection of genetic information, prevent unauthorized access and enhance the privacy of individuals’ genomic data. For instance, in February 2023, according to The Australian Cyber Security Centre, an Australia-based cyber security agency, there was a 13% increase in cybercrime reports, with a total of 76,000 cases received, compared to the previous year. Therefore, the increasing demand for data security is driving the growth of the DNA digital data storage market.
Key Industry Players
Major companies operating in the DNA digital data storage market report are Microsoft Corporation, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Western Digital Corporation, Eurofins Scientific SE, Agilent Technologies Inc., llumina Inc., Beckman Coulter Inc., Imec International, GenScript Biotech Corporation, Quantum Corporation, Twist Bioscience Corporation, DNA Script, Codex DNA INC. , Cegat GMBH, Evonetix Ltd., Bio basic Inc., Molecular Assemblies Inc., Iridia Inc., Ansa Biotechnologies Inc., Gatc Biotech AG, SOSV LLC, Bio S&T Inc., Cergentis B.V., DevX, Biomemory SAS, Imagene, Kern Systems
The dna digital data storage market report table of contents includes:
1. Executive Summary
2. DNA Digital Data Storage Market Characteristics
3. DNA Digital Data Storage Market Trends And Strategies
4. DNA Digital Data Storage Market – Macro Economic Scenario
5. Global DNA Digital Data Storage Market Size and Growth
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31. DNA Digital Data Storage Market Other Major And Innovative Companies
32. Global DNA Digital Data Storage Market Competitive Benchmarking
33. Global DNA Digital Data Storage Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DNA Digital Data Storage Market
35. DNA Digital Data Storage Market Future Outlook and Potential Analysis
36.Appendix
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