Press release
Gene Synthesis Market was valued at $2 billion in 2023 and is projected to reach $9.4 billion by 2032, growing at a 15.72% CAGR
Gene Synthesis Market
According to Adroit Market Research, the global gene synthesis market was valued at $2 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 15.72% from 2024 to 2032, reaching an estimated $9.4 billion. This growth is driven by advancements in synthetic biology, increasing demand for personalized medicine, and expanding applications in drug discovery and genetic engineering.
📌 Market Size (2023): $2 billion
📌 Projected Growth: 15.72% CAGR (2024-2032)
📈 Estimated Market Size (2032): $9.4 billion
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Comprehensive Analysis of the Global Gene Synthesis Market
The extensive examination of the global Gene Synthesis Market delves into the profiles of key supplier companies. Analysts highlight that this detailed documentation stems from rigorous research initiatives and the aggregation of evaluations across various pivotal factors that are progressively shaping the growth of the international Gene Synthesis sector. The study segments leading global manufacturers based on metrics such as sales, revenue, and, where pertinent, pricing strategies. Its main aim is to provide both qualitative and quantitative perspectives of the industry across different geographic regions and countries.
The enforcement of strict lockdown measures to mitigate the COVID-19 pandemic has significantly disrupted supply and demand patterns, impacting numerous businesses worldwide. Beyond the immediate fluctuations in short-term market profitability, it is anticipated that certain segments will encounter substantial challenges even as the global economy recovers from the pandemic. Essentially, nearly every business across various sectors has recalibrated their financial strategies to secure profitability in the upcoming years.
Moreover, the research evaluates regional growth rates, overall market size, expenditure data, and profitability analyses. A comprehensive assessment of competitive dynamics is included to furnish a substantial competitive advantage. Geographic analysis has been performed based on market share, projected growth, and key countries. A select group of major corporations commands a significant portion of this market. Competition within the global Gene Synthesis industry is intensifying as leading companies vie to surpass each other. The report encompasses detailed revenue analyses, methodologies employed, product specifications, and profiles of significant market players.
To achieve optimal outcomes, essential market strategies are reviewed from both technological and commercial perspectives. Additionally, consumers can benefit from in-depth market research by gaining a better understanding of the analysis and accessing relevant data. The study offers readers a broad overview of the industry, assisting them in comprehending the competitive landscape of the international Gene Synthesis Market.
Key Highlights of the Report:
• Identifies numerous lucrative opportunities for major industry players.
• Provides clients with measurable insights into the current market conditions.
• Includes strategic business plans of key market competitors.
• Presents a thorough examination of the target market, highlighting factors such as drivers, opportunities, and threats.
• Equips stakeholders with information to make informed investment decisions.
• Offers a market overview, encompassing key drivers and risk factors.
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Reasons to Purchase This Report:
• The global Gene Synthesis Market research study offers valuable insights into the number of prominent companies operating on an international scale.
• It includes comprehensive company financials, technological advancements, supply chain/value chain trends, and significant innovations and developments.
• The report details mergers, acquisitions, joint ventures, key focus areas, investments, and market presence.
• Provides essential information about the target market's revenue, growth rate, and industry share, along with details on current driving forces, macro trends, and restraints.
Gene Synthesis Market Competitive Landscape:
Leading figures in the international gene synthesis sector are propelling innovation by creating cutting-edge technologies and broadening their range of products. They are also cultivating strategic partnerships to improve research capabilities and optimize the synthesis workflow. These endeavors are focused on addressing the rising need for tailored DNA solutions in diverse fields, such as biotechnology and pharmaceuticals.
Prominent entities within the gene synthesis sector consist of Integrated DNA Technologies (IDT), Thermo Fisher Scientific, GenScript, Twist Bioscience, Eurofins Genomics, Synthetic Genomics, and DNA2.0 (now part of ATUM). Other influential firms include Blue Heron Biotechnology, Life Technologies (which has been acquired by Thermo Fisher), and Roche. Additionally, noteworthy contributors such as Illumina, BGI Genomics, BioBasic, Amgen, and Zephyrus Biosciences are essential players in this industry. Companies like SEQUENCE LABS, Genomatix, and Eton Bioscience also have a significant presence in the market landscape.
Latest Trends and Innovation in the Global Gene Synthesis Market:
• In September 2023, Ginkgo Bioworks announced its acquisition of the DNA synthesis company, Zymergen, aiming to expand its capabilities in organism engineering and synthetic biology.
• In July 2023, Integrated DNA Technologies (IDT) launched a new high-fidelity gene synthesis platform that significantly reduces synthesis errors, enhancing the quality and reliability of synthetic genes.
• In June 2023, Twist Bioscience announced a partnership with the pharmaceutical company, Amgen, to utilize its gene synthesis technology for the development of new therapeutic compounds.
• In May 2023, Bio-techne Corporation acquired Asuragen, enhancing its offerings in the gene synthesis and molecular diagnostics space, enabling better research tools and workflows for scientists.
• In March 2023, Illumina and Genomatica formed a collaboration focusing on synthetic biology applications, particularly in biotechnology workflows, leveraging Illumina's sequencing capabilities together with Genomatica's engineering innovations.
• In February 2023, Eton Bioscience, Inc. secured a substantial funding round to expand its synthetic biology and gene synthesis services aimed at accelerating drug development.
• In January 2023, Synlogic announced a strategic alliance with DIC Corporation to enhance its metabolic engineering capabilities through advanced gene synthesis technologies, fostering innovation in microbial therapies.
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Segments of the Gene Synthesis Market
By Method
• Solid-Phase Synthesis
• Chip-Based Synthesis
• PCR-Based Enzyme Synthesis
By Services
• Antibody DNA Synthesis
• Viral DNA Synthesis
• Others
By Application
• Gene and Cell Therapy Development
• Vaccine Development
• Disease Diagnosis
• Others
By End Use
• Biotechnology and Pharmaceutical Companies
• Academic and Government Research Institutes
• Contract Research Organizations
Regional Overview
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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ABOUT US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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