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The gene synthesis services market size is forecast to increase by USD 3.09 billion at a CAGR of 24.17% between 2023 and 2028.
The gene synthesis services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experiences growth due to the expanding biomedical research sector in universities and research institutions. The importance of multidisciplinary and interdisciplinary genetics research for treating complex diseases and disorders fuels this growth. Molecular oncology research, specifically in cancer biology and immuno-oncology, significantly contributes to the market revenue. companies offer optimized services including DNA and RNA oligos, custom sequencing, and gene synthesis for standard, complex, gene strand, and gene expression. Notable universities specializing in molecular biology and genetics, such as Harvard University, the University of Cambridge, Stanford University, and the Massachusetts Institute of Technology, are key contributors to the market through their research studies.
Gene synthesis services encompass various applications, including functional genes, genetic networks, whole genomes, and DNA replication using prokaryotic and eukaryotic replication machineries. Technologies such as enzymatic assembly, chemical synthesis, cloning, sequencing, error filtration, and analytical techniques like DNA microarrays and gene assembly technologies are employed. Error correction methods and biotechnology advancements, including large-scale gene synthesis, DNA microchips, new chemistry, enzymology, and next-generation sequencing, further expand the market. Gene synthesis capabilities and export control regulations, including synthetic DNA, recombinant DNA, gene sequences, gene structure, gene expression, and gene function, are essential considerations for the industry. Biosafety and biosecurity, as well as dual-use technology concerns regarding pathogens and biological weapons, also impact the market landscape.
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The Academic segment was valued at USD 540.00 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market In the Americas is experiencing growth due to escalating research expenditures, the presence of prominent biopharmaceutical companies, and a strong focus on biomedical research within universities and institutions. In this region, applications of gene synthesis span from antibody engineering to protein modification and mutation. Countries like the United States are technology pioneers, making the region a significant investor in healthcare R&D. For instance, the National Institutes of Health (NIH) In the US allocates approximately USD30.1 billion annually for medical research via grants. Gene synthesis services are integral to various applications, including functional genes, genetic networks, and whole genomes.
Technologies such as enzymatic assembly, chemical synthesis, cloning, sequencing, error filtration, and analytical techniques are employed. Gene assembly technologies, error correction methods, and biotechnology advancements, including large-scale gene synthesis, DNA microchips, and next-generation sequencing, contribute to market expansion. The importance of gene synthesis is underscored by its role in synthetic genes, protein production, structural characterization, codon optimization, gene regulation, and gene expression studies. Despite advancements, challenges such as errors, deletions, insertions, base substitutions, and DNA replication complexities remain. Ensuring biosafety, biosecurity, and adherence to export control regulations are crucial aspects of the gene synthesis industry.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Cost-effective and time-saving than traditional cloning is the key driver of the market.
Advent of clustered regularly interspaced short palindromic repeats (CRISPR)/CRISPR-associated protein-9 (Cas9) is the upcoming market trend.
What challenges does the Gene Synthesis Services Industry face during its growth?
Increasing complexity of gene synthesis process is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The gene synthesis services market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the gene synthesis services market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, gene synthesis services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
BBI Life Sciences Corp. - The company specializes in custom gene synthesis technology, providing versatile solutions for various research applications. This technology finds extensive use in fields such as genetics, gene expression regulation, and gene and drug discovery. Its applicability makes it an indispensable tool for scientific research.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Gene synthesis refers to the process of creating functional genes or genetic networks from scratch using various techniques. This process involves the production of DNA sequences, which can be used for various applications In the field of biotechnology. Two primary methods for gene synthesis are enzymatic assembly and chemical synthesis. Enzymatic assembly, also known as DNA replication or polymerase chain assembly, utilizes enzymes to build DNA sequences from oligonucleotides. This method relies on the error-prone nature of the enzymes involved, leading to a certain level of error rate. Error filtration techniques are employed to remove errors and improve the fidelity of the synthesized DNA.
On the other hand, chemical synthesis, also known as solid-phase synthesis, involves the stepwise assembly of nucleotides to create DNA sequences. This method offers higher accuracy compared to enzymatic assembly but is more complex and time-consuming. Gene synthesis technologies have evolved significantly over the years, leading to the development of new methods and techniques. For instance, next-generation sequencing has revolutionized the field by enabling the rapid and cost-effective sequencing of large genomes. Similarly, chip synthesis technology has enabled the large-scale production of DNA sequences using DNA microchips. The gene synthesis industry has grown significantly in recent years due to the increasing demand for synthetic genes for various applications.
These applications include protein production, structural characterization, codon optimization, gene regulation, and gene expression studies. Gene synthesis is also used In the production of vaccines, therapeutics, and industrial enzymes. Despite the numerous benefits of gene synthesis, there are concerns regarding the potential misuse of this technology. The synthesis of functional genes and genetic networks raises ethical and security concerns, particularly In the context of dual-use technology. The production of pathogens or biological weapons using gene synthesis capabilities is a significant concern, leading to the implementation of export control regulations. Biosafety and biosecurity are critical considerations In the gene synthesis industry.
Proper containment and safety measures must be implemented to prevent the accidental release or intentional misuse of synthetic genes or genetic networks. Additionally, there is a need for robust error filtration and quality control measures to ensure the accuracy and reliability of synthesized DNA sequences. In conclusion, gene synthesis is a critical technology In the field of biotechnology, enabling the production of functional genes and genetic networks for various applications. The industry has seen significant growth in recent years due to the increasing demand for synthetic genes. However, there are concerns regarding the potential misuse of this technology and the need for robust biosafety and biosecurity measures.
Ongoing research and development efforts are focused on improving the accuracy, efficiency, and cost-effectiveness of gene synthesis technologies while addressing these concerns.
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Market Scope |
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Report Coverage |
Details |
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Page number |
143 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 24.17% |
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Market growth 2024-2028 |
USD 3094.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
17.51 |
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Key countries |
US, China, Germany, France, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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