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At 28+% of CAGR Gene Synthesis Market is hitting $20,122.3 Millions by 2025 - Key Player Analysis: Integrated DNA Technologies, Twist Bioscience, OriGene Technologies, BioCat GmbH, GenScript, Eurofins Scientific

Global gene synthesis market estimated to grow at a CAGR of 28.7% during the forecast period from 2018 to 2025
Gene Synthesis Market to 2025 - Global Analysis and Forecasts By Products & Services (Services, Consumable, Software), Application (Research & Development Activities, Diagnostics, Therapeutics, Others) End Users (Academic & Research Institutes, Biotech & Pharmaceutical Companies, Diagnostic Laboratories, Others) and Geography
In the recent years, gene synthesis market has progressed significantly. The global market for gene synthesis is anticipated to grow from US$ 2,866.1 Mn in 2017 to US$ 20,122.3 by 2025 at a CAGR of 28.7%. The rising technological advancements in the biotechnology has increased, especially in the field of gene synthesis.
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The advancement in the gene synthesis has led to the faster and easier design of DNA, and helped exponentially reducing the cost of DNA sequencing and synthesis. The increasing life science research mainly in molecular separation technology and protein purification expected to boost the growth of the market. However, the long time consuming approval phase of the research is expected to act as major challenges hindering the market growth
Key Players operating the global Gene Synthesis market-
1. Thermo Fisher Scientific Inc
2. Integrated DNA Technologies, Inc.
3. Twist Bioscience
4. OriGene Technologies, Inc.
5. BioCat GmbH
6. GenScript
7. Eurofins Scientific
8. Bioneer Corporation
9. ATUM
10. GENEWIZ
Many industry players have come up with innovative types of gene synthesis in last few years. The increasing adoption of advanced techniques are increasing the demand for the gene synthesis market in the forecast period. The techniques such as cloning, gene sequencing, genome engineering has results into the generation of genetically modified organisms. Additionally, the investments from public and private investors are also help to rising for the gene synthesis and enabling technological developments and standard biological parts. For instance, in April 2015, Twist Bioscience, launched an alpha manufacturing program for the production of synthetic genes using the proprietary silicon-based DNA synthesis platform
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The advancement in the field of the healthcare and research industry is driving the prominent players in this market for more research and developments for the gene synthesis market. The key players in the market such as GenScript, in June 2018, invest US$75 million for the establishment of biologics discovery, development, clinical and commercial manufacturing center in the city of Zhenjiang, Jiangsu Province, China. The Manufacturing Center will be in use by 2020.
The gene synthesis market is aimed to describe, define and estimate the forecast for market size of the gene synthesis till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global gene synthesis market. The market report for gene synthesis is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, research institutes, biotechnology and medical companies in the form of research services.
The products & services segment is expected to accelerate the growth of the global gene synthesis market. Products such as consumables are used in the synthesis of DNA, which includes genetic analysers, DNA synthetizer, and peptide synthetizer. The consumables are used in the numerous stages of the gene synthesis procedures which include sample preparation, storing the samples and its purification, preparation of the library and quantification, and amplification. For instance, Illumina, Inc. offers Nextera DNA Library Prep Kit, ForenSeq DNA Signature Prep Kit, Nextera DNA Flex Library Prep, and Nextera Mate Pair Library Prep Kit for the library preparation in the gene synthesis.
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