Gene Synthesis Market is Projected to Reach USD 4.86 Billion by 2030: Cognitive Market Research

Gene Synthesis Market Overview:
What is gene synthesis?
Gene synthesis referred to as DNA printing is a biology synthetic technique used for the production of artificial genes in the lab. It differs from polymerase chain reaction and molecular cloning, which rely on previous DNA sequences based on solid-phase DNA synthesis. Gene synthesis includes the stepwise addition of nucleotides to one-stranded molecules and assists as a template for making a complementary strand. In addition, this is the fundamental technology in the field of synthetic biology built.

Summary:
As per the study of CMR, the Global Gene Synthesis Market size stood at USD 1.97 Billion in 2022 and will reach the mark of USD 4.86 Billion by 2030. The global market is expected to expand at a CAGR of 18.1 % during the forecast period (2023-2030).

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Market Dynamics:
Gene Synthesis Market Drivers:
Increasing demand for gene synthesis owing to reducing the cost of DNA synthesis and sequencing is the key factor expected to drive the growth of the gene synthesis market. In addition, DNA synthesis platforms' technical development and growth of enzymatic DNA synthesis techniques are likely to boost the demand for the gene synthesis market.

Gene Synthesis Market Opportunities:
Increasing demand for therapies and medicine for several chronic diseases creates growth opportunities for the gene synthesis market in the forecast period. In addition, increasing research and development activities in next-generation genome sequencing and government support for genomics will present growth opportunities for the gene synthesis market.

Gene Synthesis Market Restraints:
The absence of skilled workers for the implementation of genes or the insertion of gene therapy procedures in patients is anticipated to hamper the growth of the gene synthesis market.

Market Segmentation:
Method:
• CHIP Based DNA Synthesis
• Solid Phase Synthesis
• PCR Based on Enzyme Synthesis
Based on the method, the solid phase synthesis segment held the major share of the gene synthesis market. This is attributed to solid phase synthesis is a prominent technology for applications in various fields and for several research purposes, used to create canonical and modified polymers of nuclide acids, especially DNA or RNA. These all factors affect the target market growth in this segment.

End User:
• Academic and Research Institutes
• Diagnostic Laboratories
• Biotech and Pharmaceutical Companies
• Other
Based on end users, the academic and research institutes segment has dominated the gene synthesis market. This is due to increasing consumer preference for the research environment for clinical research programs to DNA synthesis activities. Furthermore, the biotech and pharmaceutical companies segment is probable to fastest grow in the forecast period, owing to increasing various discoveries and advances in the pharmaceuticals and biotechnology industry.

Competitive Analysis of the Gene Synthesis Market: Genescript, GeneArt (Thermo Fischer), IDT, DNA 2.0 (ATUM), OriGene, BBI, Genewiz, Eurofins Genomics, Gene Oracle, SBS Genetech, Bio Basic

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Regional Analysis:
North America accounted for the largest share of the gene synthesis market
North America has the largest revenue share in the gene synthesis market. This is owing to the rising use of synthesis-related methods and gene editing in diagnostic and pharmacological companies in the U.S. In addition, increasing the license regulatory agencies like the Food and Drug Administration in the region is anticipated to fuel the growth of the target market in the region.

Gene Synthesis Industry News:
Twist Bioscience has launched high antibody production platform
In April 2022, Twist Bioscience Corporation has announced the launch of high antibody production, a gene-to-antibody production platform, which enables customers to turn candidate DNA sequences into purified antibodies for therapeutic screening and discovery applications.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Gene Synthesis Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Gene Synthesis Market Segmentation
1.5.1 Gene Synthesis Market Regional Fragmentation
1.5.1 Gene Synthesis Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Gene Synthesis Market
• 3.1 Global Gene Synthesis Market Size 2018 - 2030, (USD Million)
• 3.2 Global Gene Synthesis Value, Absolute & Opportunity Analysis
• 3.3 Global Gene Synthesis Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Gene Synthesis Market Statistics 2022: Snapshot
Chapter 4 Global Gene Synthesis Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Gene Synthesis Market by Method Segmentation Analysis (2018-2030)
Chapter 10 Global Gene Synthesis Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Gene Synthesis Market Regional Analysis
Chapter 12 North America Gene Synthesis Market Outlook (2018 - 2030)
Chapter 13 Europe Gene Synthesis Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Gene Synthesis Market Outlook (2018 - 2030)
Chapter 15 Latin America Gene Synthesis Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Gene Synthesis Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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