About Gene Synthesis
Gene synthesis refers to the synthetic biology method used for artificial genes engineering within a laboratory setting. Growing field of biological and life science research propelling the growth of gene synthesis. Market players are focus on the technological advancement for the advanced techniques and tools for gene synthesis. Further growing healthcare infrastructure in the developing economies and increasing demand for the custom gene synthesis expected to drive the demand for gene synthesis market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Gene Synthesis market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific, Inc. (United States), Genewiz (United States), Eurofins Scientific (Luxembourg), ATD Bio Ltd. (United Kingdom), OriGene Technologies, Inc. (United States), Bioneer Corporation (South Korea), Integrated DNA Technologies, Inc. (United States), GenScript Biotech Corporation (United States) and Eurogentec (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ATDBio Ltd (United Kingdom), Vigene Biosciences (United States) and Synbio Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Gene Synthesis market by Type (Gene Library Synthesis and Custom Gene Synthesis), Application (Industrial, Academic, Therapeutics and Diagnostics) and Region.
On the basis of geography, the market of Gene Synthesis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Method, the sub-segment i.e. Solid Phase Synthesis will boost the Gene Synthesis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Contract Research Organizations will boost the Gene Synthesis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications in the Recombinant DNA Technology and Technological Advancement in the Gene Synthesis Techniques and Tools
Market Growth Drivers:
Growing Emphasis on Clinical Research and Increasing Focus on the Life Science Research
Challenges:
Lack of Advanced Healthcare Facilities in the Emerging Economies
Restraints:
Stringent Government Regulations Regarding Gene Synthesis and High Cost Associated With Gene Synthesis Process
Opportunities:
Increasing Demand for Custom Gene Synthesis Method and Growing Healthcare Infrastructure in the Developing Economies
Market Leaders and their expansionary development strategies
In October 26, 2023, Twist Bioscience partners with WuXi AppTec to offer integrated gene synthesis and protein expression services. This collaboration aims to streamline the process for researchers and drug developers.
In May 10, 2023, Synthego unveils a new platform for high-throughput gene synthesis, enabling the rapid creation of large libraries of DNA constructs. This technology has applications in drug discovery, synthetic biology, and other fields.
“The United States Department of Health and Human Services (HHS) published the Screening Framework Guidance for Providers of Synthetic Double-Stranded DNA (U. S. Department of Health Human Services, 2010). The Guidance provided a set of recommended practices to companies synthesizing double-stranded DNA to encourage such companies to screen both their customers and requested sequences. Several of the largest DNA synthesis companies came together to form the International Gene Synthesis Consortium (IGSC), a trade industry organization intended to promote the beneficial application of gene synthesis technology while safeguarding biosecurity.”
Key Target Audience
Pharmaceutical and Drug Manufacturers, Biotechnology Companies, Chemical and Biofuel Industries, Academic and Government Research Institutes, Venture Capitalists and Investment Banks, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.