Gene Synthesis Market to Witness Impressive Expansion of USD 9,121.31 Million with a Growing Compound Annual Growth Rate of 22.9% by 2029
Bacterial and viral diseases are rapidly expanding due to the rising prevalence of infectious diseases worldwide. As a result, the demand for novel and effective therapies has increased to fight against such deadly diseases
HOUSTON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market Research has recently published a Report, titled, "Global Gene Synthesis Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. All the data and statistics provided in this market report are backed up by the latest and proven tools and techniques such as SWOT analysis and Porter's Five Forces Analysis. With the latest and updated market insights mentioned in the report, businesses can concentrate to enhance their marketing, promotional, and sales strategies.
Gene synthesis is the process of creating artificial genes in a lab setting using synthetic biology. The generation of recombinant proteins is one of the numerous applications of recombinant DNA technology, where gene synthesis is emerging as a key instrument. The traditional methods of cloning and mutagenesis are quickly being replaced by de novo gene synthesis, which also enables the production of nucleic acids for which there is no template.
The global gene synthesis market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the 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.
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Market Synopsis: -
Gene synthesis refers to the chemical synthesis of DNA strand base-by base. Unlike DNA replication that occurs in cells or by Polymerase Chain Reaction (PCR), gene synthesis does not require a template strand. Rather, gene synthesis involves the step-wise addition of nucleotides to a single-stranded molecule, which then serves as a template for creating a complementary strand. Gene synthesis is the fundamental technology upon which the field of synthetic biology has been built.
Some of the major players operating in the Gene Synthesis market are
ATDBio Ltd (Subsidiary of Biotage),
General Biosystems, Inc.,
MACROGEN CO., LTD.,
Boster Biological Technology,
Creative Biogene,
Bioneer Pacific,
exonbio,
trenzyme GmbH,
Twist Bioscience,
BioCat GmbH (Subsidiary of AddLife AB),
OriGene Technologies, Inc.,
Integrated DNA Technologies, Inc.
9Subsidiary of Danaher Corporation),
Eurofins Scientific,
NZYTech,
Lda. - Genes and Enzymes,
Ansa Biotechnologies, Inc.,
Thermo Fisher Scientific,
Genescript,
Synbio Technologies,
Proteogenix,
Bio Basic Inc.,
ATG:biosynthetics GmbH,
Merck KGaA,
Kaneka Eurogentec S.A,
Ginkgo Bioworks,
Bbi-lifesciences,
Evonetix,
ProMab Biotechnologies, Inc.,
GCC Biotech (INDIA) Pvt. Ltd.,
CSBio, Azenta US
Recent Development
In December 2020, Twist Bioscience launched clonal-ready gene fragments so as to complete the offering of genes. The fragments launched can be used with adapters or without adapters in order to build up the perfect clones. The clonal-ready gene fragments are compatible with the protein expression pathways, enzyme engineering, and gene expression, among others.
In 2020, according to an article published in an ACS journal, a total estimated 19.3 million new cancer cases and almost 10.0 million cancer deaths were reported worldwide. This suggests that cancer coverage is suboptimal, and there is a great need to implement high cancer coverage all over the world.
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Key Coverage in the Gene synthesis Market Report:
Detailed analysis of Gene synthesis Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the Gene synthesis industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Key Segmentation: Gene Synthesis Market
By Component
Synthesizers
Consumables
Software & services
By Gene Type
Standard gene
Express gene
Complex gene
Others
By Gene Synthesis Type
Gene library synthesis
Custom gene synthesis
By Application
Synthetic biology,
Genetic engineering,
Vaccine design,
Therapeutics antibodies
Others
By Method
Solid based synthesis,
Chip-based DNA synthesis
PCR-based enzyme synthesis
By End User
Academic & research institutes,
Diagnostics laboratories,
Biotech & pharmaceutical companies
Others
By Distribution Channel
Direct tender
Online distribution
Third party distributors
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Opportunities
RISING HEALTHCARE EXPENDITURE
Healthcare expenditure has increased worldwide as people's disposable income in various countries is increasing. Moreover, to accomplish the population requirements, government bodies and healthcare organizations are taking the initiative by virtue of accelerating healthcare expenditure.
Also, the strategic initiatives taken by key market players will provide structural integrity and future opportunities for the medical device testing market in the forecast period of 2022-2029.
Regional Analysis/Insights
The gene synthesis market report is analyzed, and market size insights and trends are provided by the country, component, gene type, gene synthesis type, application, method, end user, and distribution channel, as referenced above.
North America dominates the gene synthesis market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising need for the verification and validation of gene synthesis processes in the region, and rapid research development is boosting the market
Countries Studied:
North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Table of Contents:
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Global Gene Synthesis Market: Regulations
6 Market Overview
7 Global Gene Synthesis Market, By Component
8 Global Gene Synthesis Market, By Gene Type
9 Global Gene Synthesis Market, By Gene Synthesis Type
10 Global Gene Synthesis Market, By Application
11 Global Gene Synthesis Market, By Method
12 Global Gene Synthesis Market, By End User
13 Global Gene Synthesis Market, By Distribution Channel
14 Global Gene Synthesis Market, By Region
15 Global Gene Synthesis Market: Company Landscape
16 SWOT Analyses
17 Company Profile
18 Questionnaire
19 Related Reports
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Browse Related Reports:
North America Gene Synthesis Market, By Component (Synthesizer, Consumables, and Software & Services), Gene Type (Standard Gene, Express Gene, Complex Gene and Others), Gene Synthesis Type (Gene Library Synthesis, and Custom Gene Synthesis), Application (Synthetic Biology, Genetic Engineering, Vaccine Design, Therapeutics Antibodies, and Others), Method (Solid Phase Synthesis, Chip-Based DNA Synthesis, and PCR-Based Enzyme Synthesis), End User (Academic & Research Institutes, Diagnostics Laboratories, Biotech & Pharmaceutical Companies, and Others), Distribution Channel (Direct Tender, Online Distribution, and Third Party Distributors), Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/north-america-gene-synthesis-market
Europe Gene Synthesis Market, By Component (Synthesizer, Consumables, and Software & Services), Gene Type (Standard Gene, Express Gene, Complex Gene and Others), Gene Synthesis Type (Gene Library Synthesis, and Custom Gene Synthesis), Application (Synthetic Biology, Genetic Engineering, Vaccine Design, Therapeutics Antibodies, and Others), Method (Solid Phase Synthesis, Chip-Based DNA Synthesis, and PCR-Based Enzyme Synthesis), End User (Academic & Research Institutes, Diagnostics Laboratories, Biotech & Pharmaceutical Companies, and Others), Distribution Channel (Direct Tender, Online Distribution, and Third Party Distributors), Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/europe-gene-synthesis-market
Asia-Pacific Gene Synthesis Market, By Component (Synthesizer, Consumables, and Software & Services), Gene Type (Standard Gene, Express Gene, Complex Gene and Others), Gene Synthesis Type (Gene Library Synthesis, and Custom Gene Synthesis), Application (Synthetic Biology, Genetic Engineering, Vaccine Design, Therapeutics Antibodies, and Others), Method (Solid Phase Synthesis, Chip-Based DNA Synthesis, and PCR-Based Enzyme Synthesis), End User (Academic & Research Institutes, Diagnostics Laboratories, Biotech & Pharmaceutical Companies, and Others), Distribution Channel (Direct Tender, Online Distribution, and Third Party Distributors), Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/asia-pacific-gene-synthesis-market
Middle East And Africa Gene Synthesis Market, By Component (Synthesizer, Consumables, and Software & Services), Gene Type (Standard Gene, Express Gene, Complex Gene and Others), Gene Synthesis Type (Gene Library Synthesis, and Custom Gene Synthesis), Application (Synthetic Biology, Genetic Engineering, Vaccine Design, Therapeutics Antibodies, and Others), Method (Solid Phase Synthesis, Chip-Based DNA Synthesis, and PCR-Based Enzyme Synthesis), End User (Academic & Research Institutes, Diagnostics Laboratories, Biotech & Pharmaceutical Companies, and Others), Distribution Channel (Direct Tender, Online Distribution, and Third Party Distributors), Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/middle-east-and-africa-gene-synthesis-market
Gene Synthesis Software Market, By Application (Research and Development Activities, Diagnostics, Therapeutics, Others) End User (Academic and Research Institutes, Biotech and Pharmaceutical Companies, Diagnostic Laboratories, Others), Synthesis Type (Gene Library Synthesis, Custom Gene Synthesis), Method (Solid Phase Synthesis, Chip-Based DNA Synthesis, PCR-Based Enzyme Synthesis), Country https://www.databridgemarketresearch.com/reports/global-gene-synthesis-software-market
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