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IMARC Group’s report titled “Gene Synthesis Market by Method (Solid-Phase Synthesis, Chip-Based Synthesis, PCR-Based Enzyme Synthesis), Services (Antibody DNA Synthesis, Viral DNA Synthesis, and Others), Application (Gene and Cell Therapy Development, Vaccine Development, Disease Diagnosis, and Others), End Use (Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Contract Research Organizations), and Region 2024-2032”. The global gene synthesis market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.58% during 2024-2032.
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Factors Affecting the Growth of the Gene Synthesis Industry:
Technological Advancements in Gene Synthesis:
The rapid evolution of technologies related to gene synthesis is impelling the growth of the market. Innovations, such as next-generation sequencing (NGS) and automated synthesizers, are significantly reducing the cost and time required for gene synthesis. These advancements have made gene synthesis more accessible and reliable, enabling researchers to design and synthesize genes with high accuracy. The automation and digitization of gene synthesis processes are also enhancing throughput and scalability, allowing for large-scale production of synthetic genes. Moreover, the improved efficiency and affordability are increasing adoption in various sectors, including pharmaceuticals, agriculture, and biotechnology.
Increasing Demand for Personalized Medicine:
The growing emphasis on personalized medicine is offering a favorable market outlook. Personalized medicine involves tailoring medical treatment to the individual characteristics of each patient, often through the use of genetic information. Gene synthesis plays a crucial role in this approach by enabling the creation of custom deoxyribonucleic acid (DNA) sequences that can be used for developing targeted therapies and diagnostic tools. The ability to synthesize specific genes allows for the production of bespoke treatments for genetic disorders, cancers, and rare diseases, which are often not adequately addressed by conventional therapies.
Expanding Applications in Synthetic Biology:
The expanding applications of synthetic biology represent a major factor supporting the market growth. Synthetic biology involves designing and constructing new biological parts, devices, and systems or re-designing existing biological systems for useful purposes. Gene synthesis is a foundational tool in synthetic biology, facilitating the creation of custom genetic constructs for a wide range of applications. These applications include the development of biofuels, biodegradable materials, and engineered organisms for environmental remediation. The potential to innovate across diverse fields, such as industrial biotechnology, environmental science, and bio-manufacturing, underscores the growing demand for gene synthesis.
Leading Companies Operating in the Global Gene Synthesis Industry:
ATUM
Boster Biological Technology
Eurofins Genomics
Genewiz Inc. (Azenta Life Sciences)
Genscript Biotech Corp.
Integrated DNA Technologies Inc.
Merck KGaA
OriGene Technologies Inc.
ProMab Biotechnologies Inc.
ProteoGenix Inc
Thermo Fisher Scientific Inc.
Twist Bioscience
Gene Synthesis Market Report Segmentation:
By Method:
Solid-Phase Synthesis
Chip-Based Synthesis
PCR-Based Enzyme Synthesis
Solid-phase synthesis represents the largest segment due to its high efficiency, accuracy, and ability to produce longer DNA sequences with fewer errors.
By Services:
Antibody DNA Synthesis
Viral DNA Synthesis
Others
Antibody DNA synthesis holds the biggest market share as they are crucial for developing monoclonal antibodies used extensively in therapeutic and diagnostic applications.
By Application:
Gene and Cell Therapy Development
Vaccine Development
Disease Diagnosis
Others
Gene and cell therapy development account for the majority of the market share owing to the growing demand for advanced treatments targeting genetic disorders and cancer.
By End Use:
Biotechnology and Pharmaceutical Companies
Academic and Government Research Institutes
Contract Research Organizations
Academic and government research institutes represent the leading segment because of their significant investment in basic and applied genetic research.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America's dominance in the gene synthesis market is attributed to its well-established biotechnology industry, substantial funding for genetic research, and advanced healthcare infrastructure.
Global Gene Synthesis Market Trends:
The rising incidence of genetic disorders worldwide is a crucial factor propelling the market growth. With advancements in genomic technologies, there is a rise in the understanding of the genetic basis of many diseases. This knowledge has highlighted the need for precise genetic tools to diagnose, study, and treat genetic disorders. Gene synthesis offers the capability to create specific gene sequences that can be used to develop gene therapies, diagnostic tests, and personalized medicine approaches tailored to individual genetic profiles. As the prevalence of genetic disorders continues to increase, so does the demand for gene synthesis technologies that enable the development of effective and targeted medical interventions.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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