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Global Gene Synthesis Market Growth Rate Report, Application, Regional Analysis & Growth rate Report

06-15-2021 12:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QualiKet Research

/ PR Agency: QualiKet Research
The gene synthesis is defined as a chemical chemically in vitro synthesis of double-stranded DNA molecules which is used in biotechnology and plays an important role in the field of synthetic biology. The gene synthesis technology has become a significant tool in various fields of recombinant DNA technology including vaccine development, gene therapy, molecular engineering, and heterologous gene expression. It can help in designing novel enzymes for the treatment of cancer. Also, it is used in diagnosis of viral genomes for vaccine development in real-time.

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The R & D associated with gene synthesis along with continuous improvement in the technological processes such as molecular separation & protein purification technology helps in developing reliable, fast, and cost-effective solutions. From past few years, gene synthesis has advanced with innovations in DNA as a data storage device & re-engineered genome. Next-generation gene synthesis offers highly accurate constructs in greater numbers & at comparatively lower prices than has been possible so far. Also, pharmaceutical & biotechnological companies invest heavily in R & D sector to develop breakthrough molecules to cater to the growing needs of the healthcare industry & combat new diseases. The global pharmaceutical research and development sector accounts for around 80% of the overall R&D expenditure in the life sciences industry.

Market Segmentation

The Global Gene Synthesis Market is segmented into product type such as Gene Library Synthesis, and Custom Gene Synthesis. Further, market is segmented into method such as Solid Phase Synthesis, PCR based enzyme synthesis, and Chip based DNA synthesis. Also, the market is segmented into end user such as Academic & Research Institutes, Biopharmaceutical Companies, and Contract Research Organizations.

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Key Players

Key players in the global gene synthesis market are Thermo Fisher Scientific, Inc., ATDBio Ltd., GenScript Biotech Corporation, Bioneer Corporation, Eurofins Scientific, Eurogentec, Genewiz, Atum, Integrated DNA Technologies, Inc., OriGene Technologies, Inc. For instance, in 2016, Eurofins Scientific had announced strategic plans for expansion of its Ireland campus, including development of a new building, expansion of its facility & increase its workforce.

The International Gene Synthesis Consortium is a group of gene synthesis organizations & companies which applies & designs a common method to screen sequences of synthetic gene orders. Also, the group works with international & national government organizations.

Market Taxonomy

By Product Type
• Gene Library Synthesis
• Custom Gene Synthesis

By Method
• Solid Phase Synthesis
• PCR based enzyme synthesis
• Chip based DNA synthesis

By End User
• Academic & Research Institutes
• Biopharmaceutical Companies
• Contract Research Organizations

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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Website: https://qualiketresearch.com

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