Report : Asia Pacific DNA Digital Data Storage Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Sequencing (Synthesis Sequencing, Ion Semiconductor Sequencing, Chain Termination Sequencing, Nanopore Sequencing, and Ligation Sequencing), Application (Diagnostic Research, Personalized Medicine, and Others), and End User (Hospital and Clinics, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Others) Â Â Â Â Â Â Â
Academic and Research Institutes Segment to Dominate APAC DNA Digital Data Storage Market During 2021–2028
According to a new market research study on “APAC 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$ 395.65 million by 2028 from US$ 12.37 million in 2021. The market is estimated to grow at a CAGR of 64.1% from 2021 to 2028. The report provides trends prevailing in the APAC DNA digital data storage market along with the drivers and restraints pertaining to the market growth. Escalating applications of DNA data storage and burgeoning demand for long term data storage are the major factor driving the growth of the APAC DNA digital data storage market. However, presence of alternatives hinders the growth of APAC DNA digital data storage market.
The APAC DNA digital data storage market is segmented based on sequencing, application, end user, and country. Based on sequencing, the APAC 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 APAC DNA digital data storage market in 2020 and nanopore sequencing segment is expected to be fastest growing during forecast period. Based on application, the APAC DNA digital data storage market is segmented based on diagnostic research, personalized medicine, and others. The diagnostic research segment dominated the APAC DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on end user, the APAC 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 APAC DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the APAC DNA digital data storage market has been segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
Agilent Technologies, Inc.; F. Hoffmann-La Roche Ltd.; Illumina, Inc.; Microsoft Corporation; Quantum Corporation; and Twist Bioscience are among the leading companies in the APAC 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, Twist Bioscience Corporation, Illumina, Inc., and Western Digital formed an alliance with Microsoft to advance the field of DNA data storage. These founding companies worked together to help the industry achieve interoperability between solutions and help establish a cost-effective commercial archival storage ecosystem for the explosive growth of digital data.
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