Global Gene Synthesis Market Forecast to 2026









Definition: Global Gene Synthesis Market

Gene synthesis is the chemical in-vitro synthesis of double-stranded DNA molecules. It can develop mutated, recombinant, or entirely novel DNA sequences without any template DNA strand and synthesize oligos and RNA containing modified bases or chimeric DNA-RNA backbones along with DNA sequences. It has a crucial role in synthetic biology and biotechnology and also it is an important tool for various fields like vaccine development, molecular engineering, gene therapy, and heterologous gene expression in recombinant DNA technology. It can also be used in designing cancer enzymes and diagnosis of viral genomes for vaccine development.
According to National Institute of Cancer, in 2018, about 1,735,350 new cases of cancer will be diagnosed in the United States and 609,640 people will die from the disease. These incidences of cancer are expected to increase the demand cancer enzymes used in gene syntheses, thus, augmenting the market.
Global Gene Synthesis Market is set to rise from its initial estimated value of USD 3,542.49 million in 2018 to an estimated value of USD 19,295.56 million in 2026, registering a CAGR of 23.60% in the forecast period of 2019–2026. This rise in market value can be attributed to the rise in numbers of start-ups dealing with gene synthesis and growth in gene synthesis investments & funds.
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Market Drivers:
  • Increasing emphasis on clinical research and development is anticipated to is expected to drive the market growth
  • Advancements in the market and rising amount of healthcare expenditure is also expected to drive the market growth
Market Restraints:
  • Less number of trained and skilled professionals is expected to restrain the market growth.
  • Tedious and long process of approvals is also expected to restrain the market growth.

Competitive Analysis: Global Gene Synthesis Market

Global gene synthesis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gene synthesis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Gene Synthesis Market

Few of the major competitors currently working in the gene synthesis market are Thermo Fisher Scientific, Inc., Genewiz, Eurofins Scientific, ATD Bio Ltd., OriGene Technologies, Inc., Bioneer Corporation, Atum, Integrated DNA Technologies, Inc., GenScript, Eurogentec, Twist Bioscience., BioCat GmbH, LGC Biosearch Technologies, Eton Bioscience, Inc., Quintara Biosciences, Bio Basic Inc., SBS Genetech Co., Ltd., Merck KGaA among others.
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