The Gene synthesis market refers to the industry that provides custom-made genes for research, diagnostic, and therapeutic applications. Gene synthesis involves the artificial assembly of nucleotides to create a synthetic DNA sequence that matches a natural gene or a novel gene designed by researchers.
The global gene synthesis market generated $1.11 billion in 2021, and is estimated to reach $5.9 billion by 2031, witnessing a CAGR of 18.4% from 2022 to 2031. The increasing demand for gene synthesis in drug discovery and development, genetic engineering, and gene therapy is driving the growth of this market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞- https://www.alliedmarketresearch.com/request-sample/39489
The market is highly competitive, with several key players dominating the industry, including Brooks Automation, Inc., Boster Biological Technology, Twist Bioscience, Codex DNA, Biomatik, Promab Biotechnologies, Inc., Thermo Fisher Scientific, Inc., Genscript Technology, Integrated DNA Technologies, Inc., and OriGene Technologies, Inc. These companies offer a range of gene synthesis services, from standard gene synthesis to complex gene editing and gene assembly.
The gene synthesis market is expected to continue to grow in the coming years, driven by the increasing demand for synthetic genes in various applications, including drug development, agriculture, and biotechnology. Advances in gene editing technologies, such as CRISPR-Cas9, are also expected to drive the growth of the gene synthesis market, as they require high-quality synthetic genes for their applications.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐨𝐧 𝐆𝐞𝐧𝐞 𝐒𝐲𝐧𝐭𝐡𝐞𝐬𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲?
The outbreak of the COVID-19 pandemic had a moderate impact on the gene synthesis market.
There were severe disruptions in the supply of materials and logistical operations during the initial phase of the pandemic, which hampered the market growth.
However, as the demand for COVID-19 vaccines rose globally, the use of gene synthesis methods also increased by scientists and researchers to analyze the physiology of the viral genome on human DNA.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬)
https://www.alliedmarketresearch.com/checkout-final/f678c69f480cdaf3d0c39907164ba643
The report offers a detailed segmentation of the global gene synthesis market based on method, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
The solid phase synthesis segment held the largest share in 2021, accounting for nearly half of the global gene synthesis market and would dominate the market in terms of revenue through 2031. The PCR based enzyme synthesis segment, on the other hand, is estimated to witness the fastest CAGR of 18.7% during the forecast period. The report also discusses the Chip based DNA synthesis segment.
In terms of end user, the academic and research institutes segment captured the largest market share of nearly two-fifths of the global gene synthesis market in 2021 and would maintain its leadership in terms of revenue in 2031. The same segment is expected to achieve the fastest CAGR of 18.7% through 2031. The report also discusses the biotech and pharmaceutical companies, diagnostic laboratories, and other segments.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲- https://www.alliedmarketresearch.com/purchase-enquiry/39489
The market in North America was the largest in 2021, accounting for nearly two-fifths of the global gene synthesis market in 2021 and is likely to maintain its dominance during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 19.0% from 2022 to 2031. The other regions analyzed in the study include North America and LAMEA.
Leading players of the global gene synthesis market analyzed in the research include Brooks Automation, Inc., Boster Biological Technology, Twist Bioscience, Codex DNA, Biomatik, Promab Biotechnologies, Inc., Thermo Fisher Scientific, Inc., Genscript Technology, Integrated DNA Technologies, Inc., and OriGene Technologies, Inc.
The report analyzes these key players of the global gene synthesis market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
Based on method, the solid phase synthesis sub-segment emerged as the global leader in 2021 and PCR based enzyme synthesis sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
Based on end user, the academic and research institutes sub-segment emerged as the global leader in 2021 and it is predicted to show the fastest growth in the upcoming years.
Based on region, the North America market registered the highest market share in 2021 and Asia-Pacific is projected to maintain the position during the forecast period.
𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
Cell and gene supply chain services market Share: https://www.alliedmarketresearch.com/cell-and-gene-supply-chain-services-market-A08188
Rare Disease Genetic Testing Market Size: https://www.alliedmarketresearch.com/rare-disease-genetic-testing-market-A10305
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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