Global Gene Synthesis Market to Reach $4.1 Billion by 2028, Driven by Technological
Advancements and Increased Research Activities, Latest BCC Research
Study Finds
BOSTON, May 23, 2024
/PRNewswire/ -- "Gene Synthesis: Technologies and Global Markets"
is like a detailed look into how genes are made in labs and how
this process impacts the worldwide market. It covers different ways
of creating genes, like using solid-phase or chip-based methods,
and how these techniques are getting better. The report also dives
into the global market, talking about what's driving it forward and
what's holding it back, like competition between companies and new
technologies. It looks at where gene synthesis is being used, such
as in biotech, pharma, and research, and how this affects the
market overall. So basically, it's all about understanding how
gene-making technology is evolving and how it's shaping the
industry worldwide.
![BCC Research Logo BCC Research Logo](https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg)
"According to the latest research study, the demand for Gene
Synthesis: Technologies and Global Markets expected to grow
from $2.0 billion in 2023 and will
reach $4.1 billion by the end of 2028 at a compound annual
growth rate (CAGR) of 15.8% from 2023 through 2028"
This report looks at important trends in the gene synthesis
market, like what's pushing it forward and what's holding it back,
how much money is being spent on research, the growing competition,
new technologies being developed, and how gene synthesis is being
used in medicine. It also talks about companies teaming up or
merging with each other. The report breaks down the global gene
synthesis market by how DNA is made, the services offered, how it's
used, who's using it, and where in the world it's happening. For
companies thinking about expanding into new areas, the details
about different regions could be useful.
Some Interesting Facts
Gene synthesis lets scientists design DNA with unique traits.
They can add special switches, improve how genes are used to make
proteins in different creatures, and even add new building blocks
to DNA beyond what nature provides.
Advancements in technology are making gene synthesis cheaper and
faster. This means more researchers and companies, big or small,
can use this tool.
to discover more insights and information about gene synthesis:
technologies and global markets, click here for further
exploration.
Gene synthesis: technologies and global market is driven by
factors such as:
- Biopharmaceutical R&D: This is about
discovering and testing new medicines made from living things like
proteins or DNA. Scientists do this in labs, studying these
materials and testing them first on animals and then on humans in
trials. If everything goes well and they're proven safe and
effective, these new drugs can be used by patients.
- Diagnostic and Therapeutic Applications.: Diagnostic
applications help doctors figure out what's wrong with you, like
running tests or scans to identify diseases. Therapeutic
applications are the treatments or therapies they use to make you
better, like medications or surgeries to treat those diseases.
- Advances in Agrobiotechnology.: refers to
improvements and breakthroughs in using technology to enhance
agriculture. This could include things like developing better crops
that resist pests or diseases, improving crop yields, or making
farming more sustainable.
- DNA Data Storage and Synthetic Genomics: DNA data
storage involves using DNA molecules to store digital information,
like storing data on a hard drive but using DNA instead. Synthetic
genomics involves creating artificial DNA sequences in a lab, which
can be used for various purposes such as creating new organisms or
modifying existing ones.
- Advances and Cost Reductions in Technology: means
improvements and making technology better and cheaper. It's about
finding ways to make gadgets or tools work even better and making
them more affordable for everyone.
- Rising Investments in R&D: means that more money is
being put into research and development. It's like a boost in
funding for scientists and innovators to come up with new ideas,
products, or solutions to different problems.
- Opportunities in Personalized Medicine: refers to
chances to tailor medical treatments specifically to everyone's
unique genetic makeup, lifestyle, and health history. It's about
customizing healthcare to fit you better, so treatments can be more
effective and have fewer side effects.
Request a Sample Copy of the Gene Synthesis:
Technologies and Global Markets
Report
Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$1.5 billion
|
Market Size
Forecast
|
$4.1 billion
|
Growth Rate
|
CAGR of 15.8% for the
forecast period of 2023-2028
|
Segment
Covered
|
Method, Services,
Application, End User
|
Regions
covered
|
North America, Europe,
Asia-Pacific, Rest of the World (RoW)
|
Countries
covered
|
U.S., Canada, Mexico,
Germany, France, U.K., Spain, Italy, Russia, Rest of Europe,
Sweden, Switzerland, Denmark, Norway, Poland, Belgium, Austria, the
Netherlands. China, India, Japan, South Korea, Australia,
Singapore, New Zealand, Taiwan, Malaysia, Thailand, the
Philippines, Indonesia, Latin America, Middle East and
Africa
|
Key Market
Drivers
|
- Biopharmaceutical
R&D
- Diagnostic and
Therapeutic Applications
- Advances in
Agrobiotechnology
- DNA Data Storage
and Synthetic Genomics
- Advances and Cost
Reductions in Technology
- Rising Investments
in R&D
- Opportunities in
Personalized Medicine
|
Segmentation Analysis
Method –
- Solid-phase Synthesis: Building DNA step by step on a
solid surface.
- Chip-based Synthesis: Creating DNA sequences directly on
a tiny chip or surface.
- PCR-based Enzyme Synthesis: Using enzymes to make many
copies of a specific DNA sequence.
Services-
- Antibody DNA Synthesis: Making DNA that codes for
antibodies, which are proteins used by the immune system to fight
infections.
- Viral DNA Synthesis: Creating DNA specific to viruses,
which can be useful for studying viruses or developing
treatments.
- Others: This category likely includes other types of DNA
synthesis services not covered by the specific examples listed,
such as custom DNA synthesis for various research or industrial
purposes.
Application –
- Gene & Cell Therapy Development: Using DNA to
develop treatments that target and fix genetic disorders or
diseases at the cellular level.
- Vaccine Development: Creating vaccines by studying and
manipulating DNA to trigger immune responses against specific
diseases.
- Disease Diagnosis: Using DNA analysis to identify
diseases or genetic predispositions in individuals.
- Others: This category likely includes additional uses of
DNA technology in various applications not covered by the specific
examples listed, such as DNA forensics or environmental DNA
analysis.
End User-
- Biotechnology & Pharmaceutical Companies: These are
companies that focus on developing products and treatments based on
biological processes, like medicines or genetically modified
crops.
- Academic & Government Research Institutes: These are
educational institutions or government organizations that conduct
scientific research and studies, often to advance knowledge in
various fields or develop solutions for societal problems.
- Contract Research Organizations: These are companies
hired by other organizations to conduct research on their behalf.
They often specialize in specific areas of research and provide
services like testing, analysis, or clinical trials.
This report on gene synthesis: technologies and global
markets provides comprehensive insights and analysis, addressing
the following key questions:
- What is the projected market size and growth rate of the
market?
• The market is projected to grow from $1.5 billion in 2022 to $4.1 billion in 2028, at a compound annual growth
rate (CAGR) of 15.8% during the forecast period.
- What are the key factors driving the growth of the market
• Technological advancements and cost reduction
• Rising investments and R&D
- What segments are covered in the market?
• The gene synthesis market is segmented based on method,
services, application, end user, and region.
- By Method Type, which segment will dominate the market by the
end of 2028?
• By Method type, the solid-phase synthesis is anticipated to
contribute the highest share in the market by the end of 2028.
- Which region has the highest market share in the market?
• North America holds the
highest market share in the market in terms of region.
Some of the Key Market Players Are:
- AZENTA US INC.
- DANAHER CORP.
- EUROFINS SCIENTIFIC
- GENSCRIPT
- MERCK KGAA
- ORIGENE TECHNOLOGIES INC.
- PROMAB BIOTECHNOLOGIES INC.
- PROTEOGENIX
- THERMO FISHER SCIENTIFIC INC.
- TWIST BIOSCIENCE
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