The gene synthesis market is characterized by its versatile applications and key features. It plays a pivotal role in genetic research, allowing the custom creation of DNA sequences for diverse purposes. Applications span from pharmaceutical development, where synthetic genes are used in vaccine development and drug testing, to biotechnology for the creation of genetically modified organisms. Features of gene synthesis include precision in designing genes, scalability for high-throughput synthesis, and rapid turnaround times. This technology continues to drive advancements in genetics, medicine, and various biotechnological fields.
According to Data Bridge Market Research, the Global Gene Synthesis Market is growing with a CAGR of 22.9% in the forecast period of 2022 to 2029 and is expected to reach USD 9,121.31 million by 2029 from USD 1,726.26 million in 2021.
“The growth of synthetic biology boosts the market’s growth”
Synthetic biology, characterized by the integration of engineering principles into biology, enables the reassembly of DNA genomes through chemical synthesis. This involves combining DNA with its genome. Gene synthesis services, software, and consumables facilitate the rapid construction of oligonucleotides. The global demand for synthetic biology products, driven by their effectiveness and innovation, is on the rise. This surge is expected to serve as a significant driver for the growth of the gene synthesis market.
What restraints the growth of the global gene synthesis market?
“High-cost restraints the market’s growth”
The gene synthesis market faces a significant challenge in the form of high costs. The intricate processes involved in synthesizing genes, including advanced laboratory techniques and skilled personnel, contribute to elevated expenses. Additionally, the need for quality control and rigorous testing further adds to the overall cost. These financial barriers can limit access to gene synthesis services, particularly for smaller research institutions and startups, impacting the broader adoption and accessibility of this technology in various scientific fields.
Segmentation: Global Gene Synthesis Market
The global gene synthesis market is segmented into component, gene type, gene synthesis type, application, method, end user, and distribution channel.
- On the basis of component, the global gene synthesis market is segmented into synthesizers, consumables, and software and services.
- On the basis of gene type, the global gene synthesis market is segmented into the standard gene, express gene, complex gene, and others.
- On the basis of gene synthesis type, the global gene synthesis market is segmented into gene library synthesis, and custom gene synthesis.
- On the basis of application, the global gene synthesis market is segmented into synthetic biology, genetic engineering, vaccine design, therapeutics antibodies, and others.
- On the basis of the method, the global gene synthesis market is segmented into solid based synthesis, chip-based DNA synthesis, and PCR-based enzyme synthesis.
- On the basis of end user, the global gene synthesis market is segmented into academic & research institutes, diagnostics laboratories, biotech and pharmaceutical companies, and others.
- On the basis of distribution channel, the global gene synthesis market is segmented into direct tender, online distribution, and third party distributors.
Regional Insights: North America dominates the Global Gene Synthesis Market
North America holds a commanding position in the gene synthesis market, both in terms of market share and revenue and is poised to maintain its dominance in the forecast period. The region's leadership is attributed to the growing demand for gene synthesis process validation and verification, coupled with rapid advancements in research and development activities. These factors collectively contribute to the flourishing of the gene synthesis market in North America.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-gene-synthesis-market
Recent Developments
- In December 2020, Twist Bioscience introduced clonal-ready gene fragments to expand its gene-related product portfolio. These fragments can be utilized both with and without adapters to facilitate the assembly of precise clones. They are compatible with various applications, including protein expression pathways, enzyme engineering, and gene expression, enhancing versatility and convenience in genetic research and engineering.
- In 2020, as reported in an ACS journal article, there were approximately 19.3 million new cancer cases and nearly 10.0 million cancer-related fatalities globally. These figures indicate that cancer care remains inadequate, highlighting an urgent global imperative to enhance comprehensive cancer coverage worldwide.
The Prominent Key Players Operating in the Global Gene Synthesis Market Include
- DBio Ltd (Subsidiary of Biotage) (Sweden)
- General Biosystems, Inc. (U.S.)
- MACROGEN CO., LTD. (South Korea)
- Boster Biological Technology (U.S.)
- Creative Biogene (U.S.)
- Bioneer Pacific (South Korea)
- exonbio (U.S.)
- trenzyme GmbH (Germany)
- Twist Bioscience (U.S.)
- BioCat GmbH (Subsidiary of AddLife AB) (Germany)
- OriGene Technologies, Inc. (U.S.)
- Integrated DNA Technologies, Inc. (Subsidiary of Danaher Corporation) (U.S.)
- Eurofins Scientific (Luxembourg)
- NZYTech, Lda. - Genes and Enzymes (Portugal)
- Ansa Biotechnologies, Inc. (U.S.)
- Thermo Fisher Scientific (U.S.)
- Genescript (U.S.)
- Synbio Technologies (U.S.)
- Proteogenix (France)
- Bio Basic Inc. (Canada)
- ATG:biosynthetics GmbH (Germany)
- Merck KGaA (Germany)
- Kaneka Eurogentec S.A (Belgium)
- Ginkgo Bioworks (U.S.)
- Bbi-lifesciences (U.S.)
- Evonetix (U.K.)
- ProMab Biotechnologies, Inc. (U.S.)
- GCC Biotech (INDIA) Pvt. Ltd. (India)
- CSBio (U.S.)
- Azenta US, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global gene synthesis market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Gene Synthesis Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
