Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Gene Synthesis Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Gene Synthesis Market valued at USD 1.82 billion in 2022 is anticipated to grow at a CAGR of 9.24% through 2028 to reach USD 3.12 billion. This study examines the method, service types, applications, end use, and regional performance within the gene synthesis industry. This critical analysis encapsulates the market's dynamic nature from its solid-phase synthesis roots to innovative chip-based and PCR-based enzyme synthesis applications.
Among the key findings, growth in personalized medicine and expanded use in vaccine development emerge as prominent trends driving the demand for gene synthesis. As the industry evolves, the precision of gene construction and the role of synthesized genetic material become increasingly central to tailoring medical treatments and interventions to individual genetic profiles.
With a keen focus on technological advancements in DNA synthesis platforms, efficiency, accuracy, cost-effectiveness, and improved accessibility are highlighted as major contributors to the market's expansion. The report reveals that the decreasing cost of DNA synthesis and sequencing has substantially broadened the scope of gene synthesis applications, propelling significant growth and fostering innovation within genomics, synthetic biology, and biotechnology.
Segmental Insights
- Solid-phase Synthesis Maintains Its Lead: A rigorous examination of methodologies places solid-phase synthesis as the dominant method, attributed to its precision, scalability, and compatibility with automation.
- Academic and Research Institutes at the Forefront: In terms of end use insights, the report identifies academic and government research institutes as principal consumers of gene synthesis services, leading to substantial market uptake.
- North America Leads Regional Insights: Regionally, North America continues to demonstrate market dominance. The report attributes this leadership to the region's advanced biotech sector, innovation-friendly climate, and skilled workforce adept in genetics and molecular biology.
The study delves into how gene synthesis is leveraged across biotechnology and pharmaceutical companies, contract research organizations, and various end-use sectors. Additionally, the research comprehensively assesses regional contributions to the market, highlighting North America's significant influence alongside considerable activity in Europe, the Asia-Pacific area, South America, and the Middle East & Africa.
The report meticulously outlines the challenges the market faces, including the critical need for skilled professionals and the concerns surrounding the misuse of gene synthesis technology. It emphasizes the imperative for collaborative efforts to address these concerns and establish best practices and guidelines for the industry's sustainable growth.
Market Outlook
The Global Gene Synthesis Market report emphasizes the sector's robust performance and its bright prospects, projected to chart upward trends through 2028. With the synthesis market's intrinsic role across various industries, and its importance in innovations such as vaccine development and personalized medicine, the market is anticipated to foster substantial technological and medical advancements in the coming years.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $1.82 Billion |
| Forecasted Market Value (USD) by 2028 | $3.12 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes:
- OriGene Technologies, Inc.
- Integrated DNA Technologies, Inc.
- ProMab Biotechnologies, Inc.
- Thermo Fisher Scientific, Inc.
- ProteoGenix, Inc.
- Biomatik USA LLC
- Twist Bioscience
- Boster Biological Technology
- Brooks Automation, Inc.
- Genscript Corp
- Beijing Genomics Institute
For more information about this report visit https://www.researchandmarkets.com/r/jlelny
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