Gene Synthesis Market Size, Trends and Insights By Method (Solid-phase Synthesis, Chip-based Synthesis, PCR-based Enzyme Synthesis), By Services (Antibody DNA Synthesis, Viral DNA Synthesis, Others), By Application (Gene & Cell Therapy Development, Vaccine Development, Disease Diagnosis, Others), By End-use (Biotechnology & Pharmaceutical Companies, Academic & Government Research Institutes, Contract Research Organizations), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI24170

Published Date: June 2023

Pages: 220+

Category: Healthcare

Report Snapshot

CAGR: 19%
1,200M
2022
1667.9M
2023
5,879M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • GenScript
  • GenScript
  • Brooks Automation Inc. (GENEWIZ)
  • Boster Biological Technology
  • Twist Bioscience
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Gene Synthesis market is expected to record a CAGR of 19% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 1,200 million. By 2032, the valuation is anticipated to reach USD 5,879 million.

The gene synthesis market is experiencing growth due to the widespread acceptance of advanced technologies in biological synthetic processes. DNA-based technologies drive the market by facilitating gene synthesis and expanding it.

Increased research and development efforts in gene synthesis, along with the utilization of genes for new drug and therapy development, fuel market growth. Furthermore, advancements in innovation and the production of long-term therapies, including targeted therapy, are expected to drive market growth in the foreseeable future.

The rising popularity of immunotherapy as a treatment option for chronic disorders, particularly for conditions like cancer and tumors, provides a promising outlook for the gene synthesis market’s expansion in the forecast period.

Gene Synthesis Market – Significant Growth Factors

The gene synthesis market is poised for significant growth due to several key factors:

  • Decreasing Cost of DNA Synthesis: The cost of DNA synthesis has been declining steadily over the years. This cost reduction has made gene synthesis more accessible and affordable, leading to increased adoption and demand for gene synthesis services. Lower costs have enabled researchers and biotechnology companies to undertake larger-scale projects and explore a wider range of applications.
  • Technological Advancements: The continuous development of advanced technologies in gene synthesis has greatly contributed to market growth. Innovations in enzymatic DNA synthesis techniques, DNA assembly methods, and high-throughput synthesis platforms have improved gene synthesis efficiency, accuracy, and speed. These advancements have made it easier to synthesize complex genes, optimize sequences, and customize DNA constructs for various research and industrial purposes.
  • Research and Development: The growing focus on research and development activities in the field of gene synthesis has propelled market growth. Researchers are actively exploring the potential of synthetic genes for a wide range of applications, including drug discovery, agriculture, biofuels, and industrial biotechnology. The ability to synthesize genes allows for the creation of novel genetic constructs, functional analysis of genes, and the development of new therapeutic interventions.
  • Rising Demand for Personalized Medicine: Personalized medicine, which involves tailoring medical treatments to individual patients based on their genetic information, is a significant driver for the gene synthesis market. Gene synthesis plays a crucial role in generating custom DNA constructs for diagnostics, genetic testing, and gene therapy. The increasing demand for personalized medicine, particularly in the field of oncology, is driving the need for gene synthesis services.
  • Growing Applications in Industrial Biotechnology: The use of synthetic genes and DNA constructs in industrial biotechnology is expanding rapidly. Gene synthesis enables the production of enzymes, bio-based chemicals, and biofuels through engineered microorganisms. It also facilitates the development of sustainable agricultural practices and the creation of genetically modified organisms (GMOs) with desired traits. The wide-ranging applications of gene synthesis in industrial biotechnology are expected to fuel market growth.

Overall, the combination of decreasing costs, technological advancements, increased research and development efforts, the demand for personalized medicine, and the expanding applications in industrial biotechnology are significant growth factors driving the gene synthesis market.

Global Gene Synthesis Market 2023–2032 (By Method)

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Gene Synthesis Market – Mergers and Acquisitions

The gene synthesis market has witnessed significant mergers and acquisitions, which have played a crucial role in shaping its landscape. Here are some notable instances:

  • Thermo Fisher Scientific and Life Technologies: In 2014, Thermo Fisher Scientific acquired Life Technologies, a leading provider of gene synthesis services and molecular biology reagents. This acquisition strengthened Thermo Fisher’s position in the gene synthesis market and expanded its portfolio of genetic analysis solutions.
  • Eurofins Genomics and MWG-Biotech: In 2015, Eurofins Genomics, a subsidiary of Eurofins Scientific, acquired MWG-Biotech, a prominent player in the gene synthesis market. This acquisition enabled Eurofins Genomics to enhance its gene synthesis capabilities and broaden its service offerings.
  • Twist Bioscience and GeneArt: In 2015, Twist Bioscience, a synthetic biology company, acquired the gene synthesis business of GeneArt, a division of Life Technologies. This strategic acquisition allowed Twist Bioscience to strengthen its position in the gene synthesis market and expand its customer base.
  • GenScript and BlueHeron Biotech: In 2015, GenScript, a global biotechnology company, acquired BlueHeron Biotech, a leader in gene synthesis and gene assembly services. This acquisition bolstered GenScript’s gene synthesis capabilities and complemented its existing portfolio of life science services.
  • Eurofins Scientific and GATC Biotech: In 2017, Eurofins Scientific, a multinational scientific testing company, acquired GATC Biotech, a pioneer in gene synthesis and sequencing services. This acquisition expanded Eurofins Scientific’s presence in the gene synthesis market and reinforced its position as a leading provider of genomic services.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Gene Synthesis Market Tissue Diagnostics Market Genetic Testing Market
CAGR 19% (Approx) CAGR 12.5%

(Approx)

CAGR 22%

(Approx)

US$ 5,879 Million by 2030 US$ 125.63 Billion by 2032 USD 36420.49 Million by 2030.

Gene Synthesis Market – Significant Threats

While the gene synthesis market presents significant growth opportunities, there are also several threats that could impact its development. Here are some significant threats to consider:

  • Regulatory Challenges: The gene synthesis market faces regulatory challenges due to concerns surrounding biosecurity and the potential misuse of synthesized genes. Governments and regulatory bodies may impose restrictions or stringent regulations on gene synthesis activities to prevent unauthorized access to dangerous genetic materials or the creation of harmful organisms. Such regulations can hinder market growth and increase compliance costs for companies operating in the gene synthesis industry.
  • Ethical Considerations: The ability to synthesize genes raises ethical concerns related to the manipulation of genetic material. The potential for misuse or unethical applications of gene synthesis technology, such as the creation of genetically modified organisms (GMOs) or controversial human gene editing, could lead to public scrutiny, backlash, and regulatory interventions. Ethical considerations can pose challenges to the acceptance and widespread adoption of gene synthesis solutions.
  • Intellectual Property Issues: Intellectual property disputes can arise in the gene synthesis market, especially regarding patented genes or genetic constructs. Companies involved in gene synthesis may face legal challenges if they inadvertently infringe upon existing patents. Such disputes can lead to legal battles, licensing restrictions, and financial implications that may hinder market growth and innovation.
  • Competition and Price Pressure: The gene synthesis market is becoming increasingly competitive as more companies enter the industry. This heightened competition can lead to price pressure, where companies may need to reduce their pricing to remain competitive. Lower prices could impact profit margins and potentially hinder investments in research and development or technological advancements.
  • Cybersecurity Risks: The digitization and automation of gene synthesis processes introduce cybersecurity risks. Unauthorized access or breaches of gene sequence databases, genetic information, or proprietary technologies could compromise data integrity, privacy, and confidentiality. Cybersecurity threats pose challenges to maintaining trust, protecting intellectual property, and ensuring the secure exchange of genetic information in the gene synthesis market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 1667.9 Million
Projected Market Size in 2032 USD 5,879 Million
Market Size in 2022 USD 1,200 Million
CAGR Growth Rate 19% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Method, Services, Application, End-use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Method:

In 2023, solid-phase synthesis emerged as the dominant technology in the gene synthesis market, experiencing a substantial adoption rate in recent years. This segment accounted for approximately 40.56% of the market’s revenue share.

Solid-phase synthesis is a prominent method used in various research fields and applications, allowing for the creation of both modified and canonical nucleic acid polymers, including RNA and DNA.

Leading commercial gene synthesis services providers, such as Agilent Technology, Blue Heron Biotech, and Sloning BioTechnology, primarily utilize solid-phase synthesis processes. These companies leverage different synthesis platforms to offer their services in the market.

By Service:

In 2023, the antibody DNA synthesis segment commanded a significant market share of 60.90%. This dominance was facilitated by the presence of multiple market players offering services specifically for antibody DNA synthesis.

These companies cater to research institutions and biotech/pharma companies, enabling the cloning and synthesis of antibody chain sequences into various vectors. Twist Bioscience Corporation made an announcement in April 2022 regarding the introduction of a high-throughput antibody production platform.

This platform allows customers to convert digital DNA (dDNA) sequences into purified IgG antibodies through an antibody production workflow. Similarly, in June 2022, Codex DNA, Inc. showcased automated synthetic biology technologies at the conference on antibody engineering and therapeutics in Europe. These technologies were designed to accelerate discovery workflows.

By Application:

In 2023, the gene & cell therapy development segment emerged as the dominant sector within the gene synthesis market, capturing a substantial revenue share of 37.89%. This segment is expected to contribute to the expansion of advanced therapies, particularly for the treatment of chronic diseases.

Gene and cell therapies have gained significant recognition among developers due to their efficacy in addressing diseases that were previously untreatable using traditional treatment methods. To promote advancements in cell and gene therapies, various initiatives have been undertaken by biotechnology and pharmaceutical companies.

For instance, in January 2022, Century Therapeutics announced a collaboration with Bristol Myers Squibb Company to jointly develop allogeneic cell therapies derived from induced pluripotent stem cells (iPSCs). These collaborations and initiatives reflect the growing interest and investment in gene and cell therapy development, aiming to provide innovative treatment options for a wide range of diseases.

By End-use:

In 2022, academic and government research institutes emerged as the dominant players in the gene synthesis market in terms of revenue share. This dominance was primarily driven by the increased utilization of gene synthesis services in research settings.

The segment accounted for approximately 54.30% of the global revenue share in 2022. Research institutes are actively engaging in collaborations with service providers to accelerate their research programs that involve the synthesis and characterization of gene fragments.

For example, in February 2021, the Medicines Manufacturing and Innovation Centre partnered with Exactmer, Novartis, UK Research & Innovation, and AstraZeneca. The objective of this collaboration is to develop a sustainable, scalable, and cost-effective manufacturing process for oligonucleotides.

Global Gene Synthesis Market 2023–2032 (By Million)

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Gene Synthesis Market – Regional Analysis

The gene synthesis market exhibits regional variations in terms of market size, growth rate, and market dynamics. Here is a regional analysis of the gene synthesis market:

  • North America: North America holds a significant share in the gene synthesis market. The presence of advanced healthcare infrastructure, a strong research ecosystem, and substantial investments in biotechnology and pharmaceutical industries contribute to the market’s growth in this region. The United States, in particular, is a major contributor to the gene synthesis market, driven by the presence of prominent market players, increased R&D activities, and a supportive regulatory environment.
  • Europe: Europe is another key region in the gene synthesis market. Countries such as Germany, the United Kingdom, and France have well-established biotech and pharmaceutical sectors, which drive the demand for gene synthesis services. The region also benefits from extensive research collaborations and funding from government and private organizations, fostering advancements in gene synthesis technology and applications.
  • Asia Pacific: The Asia Pacific region is experiencing rapid growth in the gene synthesis market. Factors such as the expanding biotechnology and pharmaceutical sectors, increasing research and development activities, and a large population base contribute to the market’s growth in this region. Countries like China, India, Japan, and South Korea are emerging as significant contributors to the gene synthesis market in the Asia Pacific region.
  • Latin America: Latin America is witnessing steady growth in the gene synthesis market. The region’s improving healthcare infrastructure, rising investments in biotechnology and pharmaceutical industries, and growing awareness about advanced therapies contribute to market growth. Brazil, Mexico, and Argentina are among the key markets in Latin America.
  • Middle East and Africa: The Middle East and Africa region are gradually embracing gene synthesis technologies. The market growth is driven by increasing investments in healthcare infrastructure, research collaborations with international partners, and a growing focus on precision medicine. Countries like the United Arab Emirates and South Africa are emerging as potential markets for gene synthesis in this region.

Global Gene Synthesis Market 2023–2032 (By Services)

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List of the prominent players in the Gene Synthesis Market:

  • GenScript
  • GenScript
  • Brooks Automation Inc. (GENEWIZ)
  • Boster Biological Technology
  • Twist Bioscience
  • ProteoGenix Inc
  • Biomatik
  • ProMab Biotechnologies Inc.
  • Thermo Fisher Scientific Inc.
  • Integrated DNA Technologies Inc.
  • OriGene Technologies Inc.
  • Others

The Gene Synthesis Market is segmented as follows:

By Method

  • Solid-phase Synthesis
  • Chip-based Synthesis
  • PCR-based Enzyme Synthesis

By Services

  • Antibody DNA Synthesis
  • Viral DNA Synthesis
  • Others

By Application

  • Gene & Cell Therapy Development
  • Vaccine Development
  • Disease Diagnosis
  • Others

By End-use

  • Biotechnology & Pharmaceutical Companies
  • Academic & Government Research Institutes
  • Contract Research Organizations

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Gene Synthesis Market, (2023 – 2032) (USD Million)
    • 2.2 Global Gene Synthesis Market : snapshot
  • Chapter 3. Global Gene Synthesis Market – Industry Analysis
    • 3.1 Gene Synthesis Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Decreasing Cost of DNA Synthesis
      • 3.2.2 Technological Advancements
      • 3.2.3 Research and Development
      • 3.2.4 Rising Demand for Personalized Medicine
      • 3.2.5 Growing Applications in Industrial Biotechnology.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Method
      • 3.7.2 Market attractiveness analysis By Services
      • 3.7.3 Market attractiveness analysis By Application
      • 3.7.4 Market attractiveness analysis By End-use
  • Chapter 4. Global Gene Synthesis Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Gene Synthesis Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Gene Synthesis Market – Method Analysis
    • 5.1 Global Gene Synthesis Market overview: By Method
      • 5.1.1 Global Gene Synthesis Market share, By Method , 2022 and 2032
    • 5.2 Solid-phase Synthesis
      • 5.2.1 Global Gene Synthesis Market by Solid-phase Synthesis, 2023 – 2032 (USD Million)
    • 5.3 Chip-based Synthesis
      • 5.3.1 Global Gene Synthesis Market by Chip-based Synthesis, 2023 – 2032 (USD Million)
    • 5.4 PCR-based Enzyme Synthesis
      • 5.4.1 Global Gene Synthesis Market by PCR-based Enzyme Synthesis, 2023 – 2032 (USD Million)
  • Chapter 6. Global Gene Synthesis Market – Services Analysis
    • 6.1 Global Gene Synthesis Market overview: By Services
      • 6.1.1 Global Gene Synthesis Market share, By Services , 2022 and 2032
    • 6.2 Antibody DNA Synthesis
      • 6.2.1 Global Gene Synthesis Market by Antibody DNA Synthesis, 2023 – 2032 (USD Million)
    • 6.3 Viral DNA Synthesis
      • 6.3.1 Global Gene Synthesis Market by Viral DNA Synthesis, 2023 – 2032 (USD Million)
    • 6.4 Others
      • 6.4.1 Global Gene Synthesis Market by Others, 2023 – 2032 (USD Million)
  • Chapter 7. Global Gene Synthesis Market – Application Analysis
    • 7.1 Global Gene Synthesis Market overview: By Application
      • 7.1.1 Global Gene Synthesis Market share, By Application , 2022 and 2032
    • 7.2 Gene & Cell Therapy Development
      • 7.2.1 Global Gene Synthesis Market by Gene & Cell Therapy Development, 2023 – 2032 (USD Million)
    • 7.3 Vaccine Development
      • 7.3.1 Global Gene Synthesis Market by Vaccine Development, 2023 – 2032 (USD Million)
    • 7.4 Disease Diagnosis
      • 7.4.1 Global Gene Synthesis Market by Disease Diagnosis, 2023 – 2032 (USD Million)
    • 7.5 Others
      • 7.5.1 Global Gene Synthesis Market by Others, 2023 – 2032 (USD Million)
  • Chapter 8. Global Gene Synthesis Market – End-use Analysis
    • 8.1 Global Gene Synthesis Market overview: By End-use
      • 8.1.1 Global Gene Synthesis Market share, By End-use , 2022 and 2032
    • 8.2 Biotechnology & Pharmaceutical Companies
      • 8.2.1 Global Gene Synthesis Market by Biotechnology & Pharmaceutical Companies, 2023 – 2032 (USD Million)
    • 8.3 Academic & Government Research Institutes
      • 8.3.1 Global Gene Synthesis Market by Academic & Government Research Institutes, 2023 – 2032 (USD Million)
    • 8.4 Contract Research Organizations
      • 8.4.1 Global Gene Synthesis Market by Contract Research Organizations, 2023 – 2032 (USD Million)
  • Chapter 9. Gene Synthesis’s Market – Regional Analysis
    • 9.1 Global Gene Synthesis’s Market Regional Overview
    • 9.2 Global Gene Synthesis’s Market Share, by Region, 2022 & 2032 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Gene Synthesis’s Market, 2023 – 2032 (USD Million)
        • 9.3.1.1 North America Gene Synthesis’s Market, by Country, 2023 – 2032 (USD Million)
    • 9.4 North America Gene Synthesis’s Market, by Method , 2023 – 2032
      • 9.4.1 North America Gene Synthesis’s Market, by Method , 2023 – 2032 (USD Million)
    • 9.5 North America Gene Synthesis’s Market, by Services , 2023 – 2032
      • 9.5.1 North America Gene Synthesis’s Market, by Services , 2023 – 2032 (USD Million)
    • 9.6 North America Gene Synthesis’s Market, by Application , 2023 – 2032
      • 9.6.1 North America Gene Synthesis’s Market, by Application , 2023 – 2032 (USD Million)
    • 9.7 North America Gene Synthesis’s Market, by End-use , 2023 – 2032
      • 9.7.1 North America Gene Synthesis’s Market, by End-use , 2023 – 2032 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Gene Synthesis’s Market, 2023 – 2032 (USD Million)
        • 9.8.1.1 Europe Gene Synthesis’s Market, by Country, 2023 – 2032 (USD Million)
    • 9.9 Europe Gene Synthesis’s Market, by Method , 2023 – 2032
      • 9.9.1 Europe Gene Synthesis’s Market, by Method , 2023 – 2032 (USD Million)
    • 9.10 Europe Gene Synthesis’s Market, by Services , 2023 – 2032
      • 9.10.1 Europe Gene Synthesis’s Market, by Services , 2023 – 2032 (USD Million)
    • 9.11 Europe Gene Synthesis’s Market, by Application , 2023 – 2032
      • 9.11.1 Europe Gene Synthesis’s Market, by Application , 2023 – 2032 (USD Million)
    • 9.12 Europe Gene Synthesis’s Market, by End-use , 2023 – 2032
      • 9.12.1 Europe Gene Synthesis’s Market, by End-use , 2023 – 2032 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Gene Synthesis’s Market, 2023 – 2032 (USD Million)
        • 9.13.1.1 Asia Pacific Gene Synthesis’s Market, by Country, 2023 – 2032 (USD Million)
    • 9.14 Asia Pacific Gene Synthesis’s Market, by Method , 2023 – 2032
      • 9.14.1 Asia Pacific Gene Synthesis’s Market, by Method , 2023 – 2032 (USD Million)
    • 9.15 Asia Pacific Gene Synthesis’s Market, by Services , 2023 – 2032
      • 9.15.1 Asia Pacific Gene Synthesis’s Market, by Services , 2023 – 2032 (USD Million)
    • 9.16 Asia Pacific Gene Synthesis’s Market, by Application , 2023 – 2032
      • 9.16.1 Asia Pacific Gene Synthesis’s Market, by Application , 2023 – 2032 (USD Million)
    • 9.17 Asia Pacific Gene Synthesis’s Market, by End-use , 2023 – 2032
      • 9.17.1 Asia Pacific Gene Synthesis’s Market, by End-use , 2023 – 2032 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Gene Synthesis’s Market, 2023 – 2032 (USD Million)
        • 9.18.1.1 Latin America Gene Synthesis’s Market, by Country, 2023 – 2032 (USD Million)
    • 9.19 Latin America Gene Synthesis’s Market, by Method , 2023 – 2032
      • 9.19.1 Latin America Gene Synthesis’s Market, by Method , 2023 – 2032 (USD Million)
    • 9.20 Latin America Gene Synthesis’s Market, by Services , 2023 – 2032
      • 9.20.1 Latin America Gene Synthesis’s Market, by Services , 2023 – 2032 (USD Million)
    • 9.21 Latin America Gene Synthesis’s Market, by Application , 2023 – 2032
      • 9.21.1 Latin America Gene Synthesis’s Market, by Application , 2023 – 2032 (USD Million)
    • 9.22 Latin America Gene Synthesis’s Market, by End-use , 2023 – 2032
      • 9.22.1 Latin America Gene Synthesis’s Market, by End-use , 2023 – 2032 (USD Million)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Gene Synthesis’s Market, 2023 – 2032 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Gene Synthesis’s Market, by Country, 2023 – 2032 (USD Million)
    • 9.24 The Middle-East and Africa Gene Synthesis’s Market, by Method , 2023 – 2032
      • 9.24.1 The Middle-East and Africa Gene Synthesis’s Market, by Method , 2023 – 2032 (USD Million)
    • 9.25 The Middle-East and Africa Gene Synthesis’s Market, by Services , 2023 – 2032
      • 9.25.1 The Middle-East and Africa Gene Synthesis’s Market, by Services , 2023 – 2032 (USD Million)
    • 9.26 The Middle-East and Africa Gene Synthesis’s Market, by Application , 2023 – 2032
      • 9.26.1 The Middle-East and Africa Gene Synthesis’s Market, by Application , 2023 – 2032 (USD Million)
    • 9.27 The Middle-East and Africa Gene Synthesis’s Market, by End-use , 2023 – 2032
      • 9.27.1 The Middle-East and Africa Gene Synthesis’s Market, by End-use , 2023 – 2032 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 GenScript
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Brooks Automation Inc. (GENEWIZ)
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Boster Biological Technology
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Twist Bioscience
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 ProteoGenix Inc
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Biomatik
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 ProMab Biotechnologies Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Thermo Fisher Scientific Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Integrated DNA Technologies Inc.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 OriGene Technologies Inc.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Others.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
List Of Figures

Figures No 1 to 31

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • GenScript
  • Brooks Automation Inc. (GENEWIZ)
  • Boster Biological Technology
  • Twist Bioscience
  • ProteoGenix Inc
  • Biomatik
  • ProMab Biotechnologies Inc.
  • Thermo Fisher Scientific Inc.
  • Integrated DNA Technologies Inc.
  • OriGene Technologies Inc.
  • Others

FAQs

“North America” region will lead the Global Gene Synthesis Market during the forecast period 2023 to 2032.

The key factors driving the Market are Decreasing Cost of DNA Synthesis, Technological Advancements, Research and Development, Rising Demand for Personalized Medicine and Growing Applications in Industrial Biotechnology.

The key players operating in the Gene Synthesis Market are GenScript, Brooks Automation Inc. (GENEWIZ), Boster Biological Technology, Twist Bioscience, ProteoGenix Inc, Biomatik, ProMab Biotechnologies Inc., Thermo Fisher Scientific Inc., Integrated DNA Technologies Inc., OriGene Technologies Inc., Others.

The Global Gene Synthesis Market is expanding growth with a CAGR of approximately 19% during the forecast period (2023 to 2032).

The Global Gene Synthesis Market size was valued at USD 1,200 Million in 2022 and it is projected to reach around USD 5,879 Million by 2032.

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