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The gene synthesis services market share is expected to increase by USD 1.95 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.6%.
This gene synthesis services market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers gene synthesis services market segmentation by end-user (academic and commercial) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The gene synthesis services market report also offers information on several market vendors, including BBI Life Sciences Corp., Bio Basic Inc., BioCat GmbH, Biomatik, Bioneer Corp., Creative Biogene, CUSABIO TECHNOLOGY LLC, DNA TwoPointO Inc., Eurofins Scientific SE, GeneCopoeia Inc., GENEWIZ Inc., GenScript Biotech Corp., Integrated DNA Technologies Inc., Kaneka Corp., Macrogen Inc., NZYTech Lda., OriGene Technologies Inc., Synbio Technologies, Thermo Fisher Scientific Inc., and Twist Bioscience HQ among others.
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The cost-effective and time-saving process of gene synthesis than traditional cloning is notably driving the gene synthesis services market growth, although factors such as the increasing complexity of gene synthesis process may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gene synthesis services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Gene Synthesis Services Market Driver
The gene synthesis process is a cost-effective and time-saving process than traditional cloning. US scientists have cloned the first endangered species by duplicating the genes of an animal that died over 30 years ago. Gene synthesis allows end-users to add or remove restriction sites from a DNA sequence, which improves flexibility. Contrary to the traditional cloning process, gene synthesis does not require a template to synthesize genes, and it can be optimized according to the quality standard required by the end-user. Thus, the usability, timeliness, and cost-effectiveness of the process will drive the global gene synthesis services market growth during the forecast period.
Key Gene Synthesis Services Market Trend
The advent of clustered regularly interspaced short palindromic repeats (CRISPR)/CRISPR-associated protein-9 (Cas9) is one of the key gene synthesis services market trends that is expected to impact the industry positively in the forecast period. CRISPR/Cas9 is a fast, accurate, efficient, and cost-effective genome editing tool, which is better than the other techniques of DNA editing. It allows researchers to edit parts of the genome by editing the DNA sequence safely and altering the entire gene function. In addition, the traditional methods of gene editing were cumbersome and expensive when compared with CRISPR/Cas9. Several other gene-editing technologies, such as transcription activator-like effector nucleases (TALEN) and zinc-finger nucleases (ZFN), have also been launched in the market. Moreover, the advent of several technological advances such as artificial intelligence (AI), Big Data, and virtual reality (VR) is expected to further pave the way for the adoption of progressive business solutions.
Key Gene Synthesis Services Market Challenge
One of the key challenges to the global gene synthesis services industry growth is the increasing complexity of the gene synthesis process. If a synthesized gene does not meet the expected quality standards, the end result could be misleading. The availability of extensive customization and optimization options for synthesized genes has made it challenging, time-consuming, and expensive for vendors. For instance, repeats can occur in various types such as palindromic, tandem, and inverted, and these highly complex repeated sequences may pose a challenge for effective annealing and oligos ligation during assembly. The evolution of consumer demand has made the gene synthesis process error-prone, which is a challenge for the growth of the global gene synthesis services market.
This gene synthesis services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global gene synthesis services market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the gene synthesis services market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the gene synthesis services market encompasses successful business strategies deployed by the key vendors. The gene synthesis services market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The gene synthesis services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the gene synthesis services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market's growth will originate from North America during the forecast period. The US is the key market for gene synthesis services in North America. Market growth in this region will be faster than the growth of the market in Europe and Middle East and Africa.
The significant increase in the investment in research, the presence of biopharmaceutical companies and vendors that offer gene synthesis services, and the high focus on biomedical research by universities and research institutions will facilitate the gene synthesis services market growth in North America over the forecast years. For instance, in the US, the National Institutes of Health (NIH) invests around USD 30.1 billion in medical research annually through grants.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted the healthcare industry in the region. In order to improve the current healthcare scenario, gene synthesis services can help to mitigate the threat of various diseases with appropriate R&D facilities and investment support from the government of the region. This, in turn, can potentially propel the growth of the regional gene synthesis services market during the forecast period.
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The gene synthesis services market share growth by the academic segment will be significant during the forecast period. The growth of the segment in focus is attributed to the increasing number of biomedical research studies in universities and research institutions owing to the increasing awareness about the need for multidisciplinary and interdisciplinary genetics research studies to treat complex diseases and disorders.
This report provides an accurate prediction of the contribution of all the segments to the growth of the gene synthesis services market size and actionable market insights on the post-COVID-19 impact on each segment.
Gene Synthesis Services Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.6% |
Market growth 2022-2026 |
$1.95 billion |
Market structure |
Fragmented |
YoY growth (%) |
16.8 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BBI Life Sciences Corp., Bio Basic Inc., BioCat GmbH, Biomatik, Bioneer Corp., Creative Biogene, CUSABIO TECHNOLOGY LLC, DNA TwoPointO Inc., Eurofins Scientific SE, GeneCopoeia Inc., GENEWIZ Inc., GenScript Biotech Corp., Integrated DNA Technologies Inc., Kaneka Corp., Macrogen Inc., NZYTech Lda., OriGene Technologies Inc., Synbio Technologies, Thermo Fisher Scientific Inc., and Twist Bioscience HQ |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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