Gene Synthesis Market Size, Share and Growth Analysis
Gene Synthesis Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Gene Synthesis Market was valued at USD 2,866.1 million in 2017 and projected to reach USD 20,122.3 million by 2025 growing at a CAGR of 28.7% during the forecast period 2017 to 2025.
Gene synthesis market is anticipated to grow actively at a faster rate during the forecast period. Gene synthesis is used to represent one or more genes in the chemical synthesis of the DNA molecule. It is generally known as DNA printing as it can develop the artificial genes using some specific methods in the laboratory. It does not depend on the pre-existing DNA sequences as it is completely depended upon the solid phase reactions for the development of the sequence which differ from the molecular cloning and polymerase chain reaction. Gene synthesis is most often a combination of the organic chemistry and molecular biology techniques which plays an important role in developing vaccines.
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Gene Synthesis Market Growth Drivers and Restraints:
The growing incidences of the chronic diseases across the globe are majorly impacting a positive growth on the gene synthesis market. The growing scale of the life science researches and great understanding of the biological systems are outshining the demand of the market.
However, the lack of proper knowledge in the developments of the effective mutagenesis procedures is slightly hindering the growth of the market. The rise in complexities while manufacturing the artificial gene synthesis and also violations of rules and regulations of government by many authorities are challenging the developers in the market.
The gene synthesis process is developed in assisting the production of the bio-fuels and enzymes which is merely showing up the growth opportunities of the market. The complete support from the government in order to raise the developments in the life science technology is also surging the growth of this market.
Geographical Analysis of Gene Synthesis Market:
Regionally, the gene synthesis market is segmented into North America, Europe, Asia pacific, Middle East and Africa. North America witnessed the highest shares of the market, owing to great increase in the successful rate by achieving the various biological systems in the life science technology. Asia Pacific is positioned second in terms of the leading shares of the market with the rise in the research institutes and also increased support from the government. Europe and Middle East & Africa are lucratively growing their shares with the advanced developments in creating artificial genes synthesis.
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Key Players of Gene Synthesis Market:
The key players in the gene synthesis market are Genewiz, OriGene Technologies, Inc., ATDBio Ltd., Bioneer Corporation, Eurofins Scientific, Integrated DNA Technologies, Inc., Atum, Eurogentec, Thermo Fisher Scientific, Inc., GenScript Biotech Corporation and others.
Gene Synthesis Market Segmentation:
By Products & Services:
- Consumables
- Software
- Services
By Application:
- Diagnostics
- Therapeutics
- Research & Developmental Activities
By End User:
- Academic & Research Institutes
- Diagnostics Laboratories
- Biotech & Pharmaceutical Companies
- Others
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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