IMARC Group, a leading market research company, has recently releases report titled “Gene Synthesis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global gene synthesis market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the gene synthesis market?
|Market Size in 2022||US$ 1.74 Billion|
|Market Forecast in 2028||US$ 4.82 Billion|
|Growth rate (2023 to 2028)||CAGR of 17.10%|
|Base Year of the Analysis||2022|
What is gene synthesis?
Gene synthesis is an essential tool in genetic engineering, which involves the creation of desired deoxyribonucleic acid (DNA) sequences by assembling nucleotides in a specific order in a laboratory. It is a specific technology that lets researchers generate DNA sequences customized to their specific research requirements and can be scaled up for use in experiments or larger production processes. It is also used to introduce specific mutations into existing genes or create DNA fragments that can be cloned and expressed, ultimately producing synthetic genes that encode proteins with specific characteristics, such as increased stability or activity. As a result, gene synthesis is widely adopted in biotechnology and pharmaceutical companies, academic and government research institutes, and contract research organizations.
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What are the growth prospects and trends in the gene synthesis market?
The market is primarily driven by the increasing prevalence of chronic ailments such as cancer and tumors. In addition, the surging need for effective drugs and vaccines to combat such illnesses and develop effective treatments is contributing to the market growth. Moreover, several innovations in DNA synthesis techniques, such as the incorporation of artificial intelligence (AI) and computer-aided design (CAD) tools to provide higher accuracy, facilitate faster turnaround times, and the synthesis of longer DNA sequences represents another major growth-inducing factor. Besides this, the increasing government investment supporting gene editing technologies, genetically modified (GM) crop production, and gene therapeutics are accelerating the product adoption rate. Furthermore, the escalating demand for synthetic genes in various biotechnology fields, continuous advancement in synthetic biology and genome editing technologies, and extensive research and development (R&D) activities are creating a positive global market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Solid-Phase Synthesis
- Chip-Based Synthesis
- PCR-Based Enzyme Synthesis
- Antibody DNA Synthesis
- Viral DNA Synthesis
- Gene and Cell Therapy Development
- Vaccine Development
- Disease Diagnosis
End Use Insights:
- Biotechnology and Pharmaceutical Companies
- Academic and Government Research Institutes
- Contract Research Organizations
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Boster Biological Technology
- Eurofins Genomics
- Genewiz Inc. (Azenta Life Sciences)
- Genscript Biotech Corp.
- Integrated DNA Technologies Inc.
- Merck KGaA
- OriGene Technologies Inc.
- ProMab Biotechnologies Inc.
- ProteoGenix Inc
- Thermo Fisher Scientific Inc.
- Twist Bioscience etc
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