Gene Synthesis Market Growth by 2027: Increasing Usage of Gene Synthesis in The Development of Personalized Medicine
The latest market analysis report published by Reports and Data, titled ‘Global Gene Synthesis Market – Forecast to 2027,’ thoroughly examines the Gene Synthesis industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Gene Synthesis industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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Increased emphasis on clinical research to unearth biological systems at the fundamental molecular level is anticipated to drive the demand in the gene synthesis market over the coming years. The expansion of life science research owing to recent technological advancements that have led to the development of well-designed products and services such as molecular separation, microchip-based gene synthesis, and protein purification. Gene synthesis has been acknowledged to be an efficient and cost-effective alternative to traditional cloning and mutagenesis procedures. These reliable and time-effective solutions are urging federal funding in the developed countries for numerous academic research projects and driving the market. However, factors such as steep competition leading to a price reduction and technical limitations across the production process are anticipated to hinder the gene synthesis market to some extent.
Based on product type, the gene synthesis market can be segmented into gene library synthesis and custom gene synthesis. Gene synthesis, such as DNA isolation, sequencing, library preparation, data analysis, and biological interpretation of the results in an easily read format, are various services that are being provided by market players. Various companies offer services. For instance, Novogene provides a broad range of gene synthesis services for a wide range of sample types. Eurofins Genomics, on the other hand, is the first service provider in Europe that provides gene synthesis services with the help of Roche/454 GS20.
The global Gene Synthesis market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Gene Synthesis market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Genscript Biotech Corp., Merck KGaA, Genewiz Inc., Eurofins Genomics, and Bio Basic Inc., among others.
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Gene Synthesis Market Segmentation:
By Product Type (Revenue, USD Million, 2017 - 2027)
- Gene Library Synthesis
- Custom Gene Synthesis
By End-Use (Revenue, USD Million, 2017 - 2027)
- Research Organizations
- Academic and Research Institutes
- Biopharmaceutical Companies
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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