Global Gene Synthesis Market To Record Protruding Growth With US$ 9,000.6 Million By 2028

December 2022 | Report Format: Electronic (PDF)

The increase in investment in gene synthesis is one of the major factors projected to fuel the growth of the global market for gene synthesis. During the projection period, the lack of highly qualified workers and lengthy approval processes could limit the market growth. However, the growing application of gene synthesis in the development of personalized medicine is one development that could boost the worldwide gene synthesis market. Gene synthesis has been recognized as an effective and affordable substitute for conventional cloning and mutagenesis processes. Federal funding for a number of university research initiatives is being pushed for by these trustworthy and time-saving solutions in industrialised nations, and they are also driving the market. However, it is projected that variables like intense competition that would result in a price decrease and technical restrictions throughout the production process will make the gene less effective.

However, the market for gene synthesis is expected to be somewhat hampered by factors, including intense rivalry that will result in a price decrease and technological restrictions throughout the production process. Long approval times for gene synthesis and the products made using them limit how much money product makers can make in the market and have an impact on the size of the entire market, which poses a hurdle to the expansion of the gene synthesis market.

North America holds the biggest share of the Gene Synthesis Industry, while Asia-Pacific is anticipated to develop at the quickest rate during the predicted period. The main drivers of the enormous market include the incidence of genetic and chronic diseases like cancer, as well as the ageing population, the rising demand for targeted and customized medication, and government programmes that encourage gene synthesis.

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Gene Synthesis Market Report Highlights

• In June 2019, GenScript announced an upgrade to its GenBrick Gene Synthesis platform, bringing researchers access to DNA sequences up to 200kb long with 100 percent accuracy.
• In August 2022 GenScript launched a new research-use-only (RUO) and pre-clinical messenger RNA (mRNA) synthesis service for biopharma R&D teams.
• In February 2021, GenScript, a life science research tools and services provider, has opened a larger than 50,000-square-foot facility for highly automated gene synthesis and plasmid preparation services near its U.S. headquarters in Piscataway, New Jersey

GENE SYNTHESIS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Gene Synthesis Type Outlook (Revenue, USD Million, 2017 - 2028)

• Gene Library Synthesis
• Custom Gene Synthesis

Gene Synthesis End Use Outlook (Revenue, USD Million, 2017 - 2028)

• Research Organizations
• Academic and Research Institutes
• Biopharmaceutical Companies

Gene Synthesis Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

 List of Key Players- Gene Synthesis Market

• GenScript
• GENEWIZ
• Boster Biological Technology
• Twist Bioscience
• ProteoGenix
• Biomatik
• ProMab Biotechnologies
• Thermo Fisher Scientific
• Integrated DNA Technologies
• OriGene Technologies

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