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Gene Synthesis Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 311 | Report ID: MRS1244


Report Description

Research Snapshot-

The global Gene Synthesis market size was valued at USD 1,207.1 million in 2021, expanding at a CAGR 29.6% from 2022-2028 to reach 9,000.6 Million USD in 2028.

Market Dynamics

Gene Synthesis market is expected to witness substantial growth over the forecast period. Recent technological advancements have led to the development of well-designed products and services, including molecular separation, gene synthesis on microchips, and protein purification, which have all accelerated life science research. Gene synthesis has been recognised 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. It is anticipated that over the coming years, clinical research will place a greater emphasis on uncovering biological systems at the fundamental molecular level, which will fuel demand in the gene synthesis industry.

It is anticipated that during the forecast period, the demand in the gene synthesis market will mainly be attributed to the increasing emphasis on clinical research to uncover biological systems at the fundamental molecular level. The growth of life science research is due to the recent technological advancements and developments that have produced well-designed goods and services, including molecular separation, gene synthesis on microchips, and protein purification.

Regional Insights

North America is estimated to dominate the global market. The main drivers of the enormous market include the incidence of genetic and chronic diseases like cancer, as well as the ageing population, rising demand for targeted and customised medication, and government programmes that encourage gene synthesis. However, due to growing investment from governmental and commercial organisations, Asia Pacific is predicted to become a profitable market in the near future.

Segment Dynamics

The Gene Synthesis market is fragmented into the product type, and end-user segments. Based on the product type, the gene library synthesis segment is anticipated to dominate the market. By end-user, the academic and research institutions is expected to hold the majority of the market share.

Competitive Insights

The Gene Synthesis market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. Market participants offer a range of services related to gene synthesis, including library preparation,  DNA isolation, data analysis, sequencing, and biological interpretation of the results in an understandable format. Numerous businesses provide services. For instance, Novogene offers a variety of services for gene synthesis for various sample types. On the other hand, Eurofins Genomics is the first service provider in Europe to offer gene synthesis services using the Roche/454 GS20.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Gene Synthesis by type, region, and end user. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

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

Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Gene Library Synthesis
  • Custom Gene Synthesis

End User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Research Organizations
  • Academic and Research Institutes
  • Biopharmaceutical Companies

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • 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.)

Frequently Asked Questions

The global Gene Synthesis market size was valued at USD 1,207.1 million in 2021, expanding at a CAGR 29.6% from 2022-2028 to reach 9,000.6 Million USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Gene Synthesis market is expanding at a CAGR 29.6% from 2022-2028 to reach 9,000.6 Million USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Gene Synthesis market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. Market participants offer a range of services related to gene synthesis, including library preparation, DNA isolation, data analysis, sequencing, and biological interpretation of the results in an understandable format. Numerous businesses provide services. For instance, Novogene offers a variety of services for gene synthesis for various sample types. On the other hand, Eurofins Genomics is the first service provider in Europe to offer gene synthesis services using the Roche/454 GS20.

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