Global Gene Synthesis Market Expected to Surge Ahead at a 18.4% CAGR in the 2022-2031 Period Due to Government Support for Developing Novel Therapeutics [260-Pages] | Disclosed by Research Dive

The global gene synthesis market is expected to grow primarily due to the growing demand for personalized medicine and therapeutics. Solid phase synthesis sub-segment is expected to flourish immensely. The market in the North America region is predicted to grow at a high CAGR by 2031.

NEW YORK , March 23, 2023 /PRNewswire/ -- Global Gene Synthesis Market Forecast Analysis:

As per the report published by Research Dive, the global gene synthesis market is expected to register a revenue of $5,984,016.7 thousand by 2031 at a CAGR of 18.4% during the 2022-2031 period.

Segments of the Gene Synthesis Market

The report has divided the market into the following segments:

Method: solid phase synthesis, PCR based enzyme synthesis, and CHIP based DNA synthesis

End User: academic and research institutes, biotech and pharmaceutical companies, diagnostic laboratories and other

Region: North America, Europe, Asia-Pacific, and LAMEA

To get access to the Complete PDF Sample of Gene Synthesis Market Click Here!

Dynamics of the Global Gene Synthesis Market

Growing demand for personalized medicine and therapeutics for treatment of different chronic diseases is expected to become the primary growth driver of the gene synthesis market in the forecast period. Additionally, increased government funding and support for genomics is predicted to propel the market forward. However, according to market analysts, high cost of gene synthesis might become a restraint in the growth of the market.

Increasing prevalence of chronic diseases across the globe is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, scientific advancements in research and development field in biotechnology and pharmaceutical sector are expected to propel the growth of the market forward in the coming period.

Check out COVID-19 Impact on Gene Synthesis Market. Connect with an Expert Analyst or Schedule a call

COVID-19 Impact on the Global Gene Synthesis Market

The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The gene synthesis market faced a somewhat moderate impact of the pandemic. Initially, the disruptions in global supply chains resulted in the decline in the growth rate of the market. However, as the development of vaccines started, the demand for gene synthesis grew which helped the market regain its lost ground.

Key Players of the Gene Synthesis Market

The major players of the market include

• Genscript Biotech Corporation
• Twist Bioscience Corporation
• ProteoGenix
• Thermo Fisher Scientific, Inc.
• Danaher Corporation
• ProMab Biotechnologies, Inc.
• Brooks Automation, Inc.
• Biomatik Corporation
• OriGene Technologies, Inc.
• Boster Biological Technology

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in January 2022, Univercells, a biotechnology company based in Belgium, announced the acquisition of Synhelix, a biotech company engaging in DNA synthesis. This acquisition is predicted to help Univercells to increase its footprint in the global market in the near future.

What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

Request Customization of Gene Synthesis Market Report as per your Definition and Format & Avail of Amazing Discount

More about Gene Synthesis Market:

The Future of Drug Development: Exploring the Role of Gene Synthesis

What Makes Gene Synthesis a Better Process of Developing Artificial Genes Compared to Traditional Molecular Cloning?

Gene Synthesis Market to Observe Significant Growth by 2031 Due to Strategic Partnerships and Technological Advancements by Market Players, such as Raaka, Cargill, and Others

Some Trending Reports:

• Culture Media Market by Media Type (Dehydrated Culture Media, Prepared Culture Media, and Chromogenic Culture Media), Type of Customer (Private and Public), Lab Size (Small Labs, Medium Labs, and Large Labs), End User (Clinical Microbiology Labs, Food Labs, and Pharmaceutical Labs) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2031
• Allergy Diagnostic Market by Test Type (In Vivo and In Vitro), Product/Service (Consumables, Instruments, and Services), Allergen (Inhaled Allergens, Food Allergens, Drug Allergens, and Other Allergens), End User (Diagnostic Laboratories, Hospital-based Laboratories, Academic Research Institutes, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2031
• Radiation Oncology Market by Type (External Beam Radiation Therapy and Internal Beam Radiation Therapy), Application (Prostate Cancer, Breast Cancer, Lung Cancer, Head & Neck Cancer, Colorectal Cancer, Cervical Cancer, Gynaecological Cancer, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2030

About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: 1-888-961-4454
E-mail: [email protected] 
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg

SOURCE Research Dive