Report : Middle East and Africa 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
Diagnostic Research Segment to Dominate MEA DNA Digital Data Storage Market During 2021–2028
According to a new market research study on “MEA 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$ 52.08 million by 2028 from US$ 2.08 million in 2021. The market is estimated to grow at a CAGR of 58.4% from 2021 to 2028. The report provides trends prevailing in the MEA DNA digital data storage market along with the drivers and restraints pertaining to the market growth. Growing applications of DNA data storage and demand for long term data storage are the major factor driving the growth of the MEA DNA digital data storage market. However, availability of alternatives hinders the growth of MEA DNA digital data storage market.
The MEA DNA digital data storage market is segmented based on sequencing, application, end user, and country. Based on sequencing, the MEA 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 MEA DNA digital data storage market in 2020 and nanopore sequencing segment is expected to be fastest growing during forecast period. Based on application, the MEA DNA digital data storage market is segmented based on diagnostic research, personalized medicine, and others. The diagnostic research segment dominated the MEA DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on end user, the MEA 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 MEA DNA digital data storage market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the MEA DNA digital data storage market has been segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Agilent Technologies, Inc.; F. Hoffmann-La Roche Ltd.; Illumina, Inc.; Microsoft Corporation; Quantum Corporation; and Twist Bioscience are among the leading companies in the MEA 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 2021, Twist Bioscience Corporation DNA Data Storage Alliance, including more than 25 leading companies, launched its first white paper titled “Preserving our Digital Legacy: An Introduction to DNA Data Storage.” The white paper was published on the DNA Data Storage Alliance website presenting DNA data storage fundamentals in an accessible way for both technically curious readers and other readers.
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