Gene Synthesis Market is likely to register double digit CAGR during 2019-2029

Gene synthesis is one of the powerful and flexible molecule engineering tool in synthetic biology for chemical DNA synthesis. From the first artificial gene synthesis in 1970 by Gobind Khorana’s group, there occurs subsequent improvements in DNA synthesis, sequencing, amplification and automation. Various regional as well as global market players are present for providing the commercial gene synthesis services. Gene synthesis technology has revolutionized the biology research these days. These synthetic genes are used by researchers for various life science research domains such as cancer biology, neuroscience, virology, antibody engineering, biochemistry, genetics and others. The gene synthesis market has seen a robust growth in the industrial end user segment these days for commercial applications. Continuous research is going on for novel gene synthesis assisting the production of sustainable biofuels and the enzymes for therapeutics. Gene synthesis has also been considered more economical than the classical cloning and mutagenesis procedures.

The achievements by the life science researchers and scientists in the recent years have expanded the understanding of biological systems at the molecular level which generated more opportunities and growths in life science research and applications. Thus, there is a continuous growth opportunities for manufacturing companies for focusing towards this end user segment which can be used to create well-designed products and services. Advancements in the technology such as microchip based gene synthesis would also going to be helpful in the market growth and significantly increasing the throughput.

Gene Synthesis Market: Drivers & Restraints

Research & developments associated with the gene synthesis as well as continuous improvement in the technological processes such as protein purification and molecular separation technology helps in driving the market by developing fast, reliable and cost effective solutions. Cuts in the federal fundings for various academic research projects, intensifying competition leading to price reduction, technical limitations in the production process etc. limits the market growth for gene synthesis services.

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Gene Synthesis Market: Segmentation

Segmentation by Product Type:

Custom Gene Synthesis
Gene Library Synthesis

Segmentation by Application:

Research and Development

Academic
Industrial

Diagnosis
Therapeutics

Segmentation by End User

Biopharmaceutical Companies
Academic and Research Institutes
Contract Research Organizations

Gene Synthesis Market: Overview

Companies involved in the Gene Synthesis services market strategize to strengthening their sales force and expanding their production facilities in different geographies such as IDT recently completed a multi-year expansion of its production facility in Leuven by the vision of expanding their customer base in Europe and MEA. Furthermore, the market has number of established global players which possess a high entry barrier for the new players as more than 60% of the gene synthesis market is driven by top 5 players across the globe. Geographical expansion and expansion of manufacturing capacities are another key opportunity which would be helping companies in brand improvement and market penetration. With a great competition in the synthetic biology market and the presence of various regional players, companies are focused on their services improvisations by delivering fast and cost effective oligonucleotide with high purity.

Gene Synthesis Market: Region-wise Outlook

Geographically, North America is the leading market for gene synthesis services owing to the high demand by academic institutes as well as biopharmaceutical companies. The presence of large number of players in the market with their strong distribution channel also supports the market growth in the region. This is followed by the Western Europe market supported by the increasing R&D expenditure by pharmaceutical and biotech companies for up gradation of technology and production output. Asia Pacific market represents the highest growth rate over the globe with China leading the market. The growth is due to the increasing investment by government as well as private organizations to support the growth of synthetic biology and its applications. Latin America followed by MEA represents the lowest market share in the Gene synthesis market owing to limited resources available in the region as well as low consumption trends.

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Gene Synthesis Market Treatment Market: Key Players

Some of the players in the Gene Synthesis market includes Genewiz, OriGene Technologies, Inc., ATDBio Ltd., Bioneer Corporation, Eurofins Scientific, Integrated DNA Technologies, Inc., Atum, Eurogentec, Thermo Fisher Scientific, Inc., GenScript Biotech Corporation and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint