The global DNA digital storage market is expected to grow at a CAGR of XX.XX% between 2018 and 2023, reaching a total market size of US$XXXX billion by 2023, increasing from US$XX.XX billion in 2018. The DNA digital storage refers to the storage of digital information in the form of ATGC bases that DNA contains. DNA stores all the information of an organism which is utilised to retrieve information about an individual.
Information in an electronic system is stored in the form of binary digits, 0 and 1. In case of DNA, data is stored in the form of bases ATGC (Adenine, Thymine, Guanine and Cytosine). DNA storage system has a capacity to store more data as compared to the electronic system. When stored in a cool, dry and dark place, the storage capacity and time of DNA digital storage system increases. Due to its advantages over electronic data storage and retrieval system, many organisations switching to DNA digital storage systems, thereby positively impact the market growth.
According to the semiconductor experts, DNA, inspite of being soft can last upto a hundred to thousand times more than silicon chip. Moreover, the molecule is stable as it can be easily retrievable from ancient bones and human remains. The important feature is density, which is capable of holding a quintillion byte of information in a cubic millimetre. Global companies such as Microsoft along with Twist BioScience and Intel have funded the research projects on DNA digital storage. Other major market players include Google, Apple and Facebook.
On the basis of application, the global DNA Digital Storage Market is segmented into Forensics, Biomarkers, Personalized medicine, Diagnostics, and Others. The information regarding a person’s health can be stored for generations in order to keep a track record of the current as well as predictive diseases in a family. This will be helpful in prevention of future diseases and treatment for the existing ones.
The end user segmentation will include the pharmaceutical companies, hospitals and clinics, academic and hospital research institutes and biotechnology companies.
Geographically, the global DNA digital storage market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific.