DNA data storage market to grow at a CAGR of 28% by 2035, claims Roots Analysis

Exponential increase in the amount of digital data being generated, coupled to the limitations of conventional storage mediums, has created a need for sustainable storage options and DNA data storage has garnered significant interest as an alternative.

DNA as a data storage medium helps eliminate the drawbacks inherent to the traditional storage methods, such as limited storage density, instability and limited life span making it a potential storage option for future.

However, exorbitant costs, slow speed of reading and writing DNA and vulnerability to mutations or errors, may act as a roadblock in the wider use of DNA as an effective data storage solution, which has prompted the stakeholders to focus on improvements in various steps involved in DNA data storage, including data encoding, DNA synthesis, preservation, data retrieval, and DNA sequencing.

According to Roots Analysis, the DNA data storage market size is estimated to be worth USD 34.8 million in 2024 and is expected to reach USD 532 million by 2035 growing at a CAGR of 28% during the forecast period, till 2035.

Key Market Insights

Presently, more than 20 players claim to offer DNA Data Storage

Over 40% of these players are involved in offering technologies / services for coding and DNA writing (DNA synthesis), followed by those offering services for retrieval and DNA reading (29%). It is worth mentioning that 10 technology / service providers claim to have the required expertise to serve as one-stop-shops for all the DNA data storage steps.

Over 350 grants have been awarded to support research on DNA data storage, since 2016

Grants worth USD 517 million have been awarded to various organizations working in this domain during the period, 2016- 2021. Of these, 33% of the grants were awarded to support the research related to projects on DNA data storage, were / are being managed by NCI, followed by those managed by NIA (11%), NINDS (9%) and NIDDK (6%).

Over 900 patents have been filed / granted related to DNA data storage, since 2001

More than 50% of these patents were filed / granted in North America, followed by Europe (39%). In addition to the industry players, patents related to DNA data storage were also filed by academic institutes, such as Massachusetts Institute of Technology, Harvard University and University of Arkansas.

Partnership activity within this domain has grown significantly at a CAGR of 32%

More than 55% of the agreements were established in 2020. Majority of these deals were product development and commercialization agreements (21%), acquisitions (17%), technology licensing deals (17%), and manufacturing agreements (13%).

Funding and investment in this domain have increased significantly, highlighting the growing demand for efficient data storage

Around USD 1 billion was raised by companies, across various funding rounds in 2020. Majority of companies raised significant capital through venture capital financing (~USD 417 million). It is worth highlighting that 55% of the funding instances were reported by companies headquartered in North America, followed by Europe (44%).

North America is expected to capture over 55% of the DNA data storage market share by 2035. Within North America, US is likely to capture the maximum share. Further, in terms of steps involved in DNA based data storage, market opportunity is maximum for coding and DNA writing step of DNA data storage (86%).

Key Questions Answered

Who are the leading industry players involved in offering services or technologies related to DNA data storage?

Which are the leading funding organizations providing grants for research on DNA data storage?

How has the intellectual property landscape of DNA data storage evolved over the years?

Which partnership models are commonly adopted by industry stakeholders offering services or technologies related to DNA data storage?

What is the trend of capital investments in the DNA data storage market?

How is the current and future market opportunity likely to be distributed across key market segments?

The financial opportunity within the DNA data storage market has been analyzed across the following segments:

DNA Data Storage Steps

Coding and DNA Writing (DNA Synthesis)

DNA Storage

Retrieval and DNA Reading (DNA Sequencing)

Geographical Regions

North America

Europe

The research includes detailed profiles of key players (listed below); each profile features an overview of the company, its financial information (if available), details on the technology / services offered, recent developments, and an informed future outlook.

Agilent Technologies

ATUM

Codex DNA

Gattaca Technologies

GenScript

Illumina

Imagene

Oxford Nanopore Technologies

Synbio Technologies

About Roots Analysis

Roots Analysis is a global leader in the market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

Contact Details

Gaurav Chaudhary

+1 (857) 387 7999
+44 (748) 188 1310

Email: sales@rootsanalysis.com