Global Gene Synthesis Market Growth Rate Report, Application, Regional Analysis & Growth rate Report
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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.
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 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.
By Product Type
• Gene Library Synthesis
• Custom Gene Synthesis
• Solid Phase Synthesis
• PCR based enzyme synthesis
• Chip based DNA synthesis
By End User
• Academic & Research Institutes
• Biopharmaceutical Companies
• Contract Research Organizations
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
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