The rising investments in gene synthesis is among the chief factors that is expected to fuel the growth of the global gene synthesis market.
The rising investments in gene synthesis is among the chief factors that is expected to fuel the growth of the global gene synthesis market. The lack of skilled professionals and long approval processes can somewhat restrain market growth in the forecast period. However, the increasing usage of gene synthesis in the development of personalized medicine are trends that would drive the global gene synthesis market.
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.
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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.
End-use segmentation of the gene synthesis market can be done on the basis of research organizations, academic and research institutes, and biopharmaceutical companies. The academic & research institutes segment held the largest share of the gene synthesis market in 2019. The academic & research institutes are being funded by various organizations for the betterment of gene synthesis. Moreover, many of the organizations have formed due to the partnerships between various organizations and universities for research in the transformation of scientific technologies to make the life-saving treatments for patients. For instance, Trinity Genome Sequencing Laboratory has an Illumina MiSeq, the gene synthesis platform for performing the ultra-high throughput genomics solutions.
North America dominates the market for gene synthesis and is expected to continue its stronghold over the coming years. In the North American region, due to the presence of leading market participants, the United States holds the largest market share. The prevalence of genetic and chronic disorders, such as cancer besides the aging population, increasing demand for targeted and personalized medicine, and government initiatives that are in support of gene synthesis, are the primary factors responsible for the large market. However, Asia Pacific is anticipated to turn into a lucrative region in the near future, owing to increased investment by governments and private organizations.
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The gene synthesis market is steeply competitive, and several major players hold a considerable revenue share of the market. On the basis of market share, few of the leading players currently dominate the market. Due to the increasing cases of diseases and rising drug discovery processes, few other smaller players are anticipated to enter the market. Some of the major players of the market are Genscript Biotech Corp., Merck KGaA, Genewiz Inc., Eurofins Genomics, and Bio Basic Inc., among others.
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Segments Covered In The Report
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2019 to 2030. For the purpose of this study, Reports and Data has segmented the global gene synthesis market on the basis of product type, end-use, and region:
By Product Type (Revenue, USD Million, 2019 - 2030)
- Gene Library Synthesis
- Custom Gene Synthesis
By End-Use (Revenue, USD Million, 2019 - 2030)
- Research Organizations
- Academic and Research Institutes
- Biopharmaceutical Companies
By Region (Revenue, USD Million, 2019 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Australia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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