Overview and Scope
Gene synthesis refers to chemically synthesizing a strand of DNA (deoxyribonucleic acid) base-by-base. Gene synthesis can be used for a variety of applications including creating recombinant DNA molecules, protein engineering, gene therapy, and synthetic biology.
Sizing and Forecast
The gene synthesis market size has grown exponentially in recent years. It will grow from $2.8 billion in 2023 to $3.36 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to advancements in genetic research, rise in personalized medicine, increased focus on biotechnology, growth in biopharmaceutical sector, technological platforms for synthesis..
The gene synthesis market size is expected to see exponential growth in the next few years. It will grow to $7.09 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to rapid growth of synthetic biology, emergence of crispr technology, increasing demand for custom genes, advances in gene editing and therapy, expanding applications in agriculture.. Major trends in the forecast period include increasing accessibility through cost reduction, customized gene libraries for functional genomics, automation and high-throughput synthesis, collaborations in biotechnology and pharmaceutical sectors, focus on ethical and regulatory considerations..
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Segmentation & Regional Insights
The gene synthesis market market covered in this report is segmented –
1) By Method: Solid-Phase Synthesis, Chip-Based Synthesis, Pcr-Based Enzyme Synthesis
2) By Service: Antibody DNA Synthesis, Viral DNA Synthesis, Other Services
3) By Application: Gene And Cell Therapy Development, Vaccine Development, Disease Diagnosis, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Companies, Academic And Government Research Institutes, Contract Research Organizations
North America was the largest region in the gene synthesis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global gene synthesis market report during the forecast period. The regions covered in the gene synthesis market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased prevalence of chronic infectious diseases is expected to propel the growth of the gene synthesis market going forward. Chronic infectious diseases are illnesses caused by pathogens that persist in the body for a long time, often for years or even a lifetime. Gene synthesis can help reduce infectious diseases by enabling the development of new vaccines, diagnostics, and therapeutics that are specific to particular pathogens. This approach has the potential to be faster, more effective, and more targeted than traditional approaches, and has the potential to help control outbreaks of infectious diseases. For instance, according to the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, a total of 1.6 million people died from TB (tuberculosis) in 2021. Worldwide, TB is the 13th leading cause of death and the second leading infectious killer after COVID-19 (above HIV/AIDS). Therefore, the increase in the prevalence of chronic infectious diseases is driving the growth of the gene synthesis market.
Key Industry Players
Major companies operating in the gene synthesis market market report are Genscript Biotech Corporation, Brooks Automation Inc., Boster Biological Technology Ltd., Twist Bioscience Corp., ProteoGenix Inc., Biomatik Corporation, ProMab Biotechnologies Inc., Thermo Fisher Scientific Inc., Integrated DNA Technologies Inc., OriGene Technologies Inc., GenScript Corp., Eurofins Scientific SE, Merck KGaA, Codex DNA Inc., Genewiz Inc., Eurofins Genomics LLC, BioCat GmbH, Bioneer Pacific Co. Ltd., DNA2.0 Inc., Bio Basic Inc., Beijing SBS Genetech Co. Ltd, Creative Biogene Inc, Exonbio LLC., Trenzyme GmbH, AddLife AB, Polygen GmbH, GlobalSpec Inc, MACROGEN CO. LTD., Synbio Technologies LLC
The gene synthesis market report table of contents includes:
1. Executive Summary
2. Gene Synthesis Market Characteristics
3. Gene Synthesis Market Trends And Strategies
4. Gene Synthesis Market – Macro Economic Scenario
5. Global Gene Synthesis Market Size and Growth
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31. Global Gene Synthesis Market Competitive Benchmarking
32. Global Gene Synthesis Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Gene Synthesis Market
34. Gene Synthesis Market Future Outlook and Potential Analysis
35. Appendix
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