Gene Synthesis Market Size & Growth Analysis Report 2022

According to Precision Business Insights (PBI), the global gene synthesis market size was valued at USD 5,297.1 billion in 2021 and is poised to grow at a significant CAGR of 18.6% during the forecast period 2022 to 2028. Gene synthesis involves the chemical synthesis of genes, which is followed by the nucleotide construction process and synthetic biology. DNA is required for the synthesis of genes in living organic matter, but it is not required for the synthesis of artificial genes, which are produced chemically in labs by experienced people with the appropriate training. The production of oligonucleotides with fewer than 200 base pairs and DNA printing, which is performed by solid-phase DNA synthesis, are two procedures necessary for gene synthesis. The second stage involves interactions between DNA base pairs and oligonucleotides.

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Gene Synthesis Market Growth Factors:
One of the key reasons anticipated to drive the growth of the global gene synthesis market is the increase in investment in gene synthesis. The shortage of highly qualified employees and drawn-out approval procedures may impede market expansion during the projection period. Yet, developments that might propel the global gene synthesis market include the rising use of gene synthesis in the creation of personalized medicine. It is projected that over the next few years, demand in the gene synthesis market would be driven by a greater emphasis on clinical research to uncover biological systems at the fundamental molecular level. the growth of life science research as a result of recent technical developments that have produced well-designed goods and services including molecular separation, gene synthesis on microchips, and protein purification. Gene synthesis has been recognized as an effective and affordable substitute for conventional cloning and mutagenesis processes. Federal funding for a number of university research initiatives is being pushed for by these trustworthy and time-saving solutions in industrialized nations, and they are also driving the market. Nonetheless, the gene synthesis business is expected to see some restrictions due to factors including intense competition driving down prices and technical constraints throughout the production process.

The global gene synthesis market segmentation
1) By Product Type: Consumables, Software, Services
2) By Gene Type: Standard Gene, Express Gene, Complex Gene, Others
3) By Application: Genetic Engineering, Pharmaceuticals and Vaccine Development, Others
4) By End User: Biopharmaceutical and Biotechnology Companies, Academic and Research Institutes, Contract Research Organizations

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Gene Synthesis Market Regional Analysis:
North America accounted for the largest revenue share during the projected timeframe. The development of synthetic biology in the region, the existence of several sizeable market participants who offer gene synthesis services, the growing interest of significant biotechnology and pharmaceutical companies in the development of gene and cell therapies, and the interest in gene synthesis in the field of molecular biology all contribute to this. The abundance of contract research organizations (CROs) that provide gene synthesis services is another factor that is projected to boost the region's revenue. For instance, GenScript has grown significantly in the North American market. It offers a wide range of services, including developing antibody drugs and creating customized gene synthesis.

Key players in the Gene Synthesis Market report are Synbio Technologies, Thermo Fisher Scientific, Inc., Genscript, BioCat GmbH, Eurofins Genomics Blue Heron LLC, Twist Bioscience, ProteoGenix, Creative Biogene, Aldevron, OriGene Technologies Inc., Biomatik

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