DNA Synthesis Market to Receive Immense Growth of USD 13.39 Billion with an Excellent CAGR of 20.50% by 2032
Research Reports
Apr 10, 2024
DNA Synthesis Market Research Report Information By Service (Oligonucleotide Synthesis, Custom Oligonucleotide Synthesis, Pre-designed Oligonucleotide Synthesis, Gene Synthesis), By Application (Research and Development, Therapeutics, Diagnostic), By End-User (Biopharmaceutical Companies, Academic and Research Institutes, Contract Research Organizations) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
The DNA synthesis market is projected to grow from USD 3.01 Billion in 2023 to USD 13.39 Billion by 2032, exhibiting a CAGR of 20.50% during the forecast period (2023 – 2032).
A primary market driver for the DNA synthesis mark is an increased customer need for customized DNA segments. With ever-evolving synthetics of biology and genetic engineering, researchers and life science companies seek personalized DNA bacteria for various purposes like gene editing, gene therapy, and synthetic biogenesis. Personalized DNA synthesis services afford researchers the possibility to stake out and purchase specific DNA sequences which accurately incorporate the nucleotide sequences and modifications in the genes and allow for development of research and technology in molecular biology and biotechnology.
Furthermore, automation and high-throughput synthesis platforms, which are used as part of another trend forming the market for DNA synthesis, are also popular. Alongside increasing demand for synthetic DNA, there is a need for more reliable and scalable technologies that can produce huge amounts of DNA in a short time as well as with great accuracy. Robotics and modern chemistry attached to automated DNA synthesis platforms enable the production of large volumes gene constructs and DNA oligonucleotides with reduced costs and time, benefiting researchers and biotech firms massively.
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The DNA synthesis market is experiencing a shift to the development of next-generation synthesize technologies that are supposed to be more robust than the old DNA synthesis methods. Innovations such as enzymatic DNA synthesis, microfluidic-based synthesis, and DNA laser printing become the new scientific breakthroughs through which the accessibility of synthetic DNA becomes convenient and highly automated, affordable, and fast. The rapid advances in sequencing techniques allow for extreme accuracy in DNA sequence assembly as well as the assurance of a speedy synthesis process and scalability. As a result, we may have applications in fields like precision medicine, synthetic biology, and DNA data storage.
Market Competitive Analysis
The market includes some of the DNA synthesis companies like GC Biosearch Technologie, Bioneer Corporation, Thermo Fisher Scientific, Inc., IBA GmbH, Twist Bioscience, Eton Bioscience, Quintara Biosciences, Eurofins Scientific, Integrated DNA Technologies, Inc., GenScript Biotech Corporation, and others, are attempting to increase market demand by investing in research and development operations.
Market Segmental Analysis
The DNA synthesis Market segmentation, based on Service includes Oligonucleotide Synthesis, Custom Oligonucleotide Synthesis, Pre-designed Oligonucleotide Synthesis, Gene Synthesis.
The DNA synthesis Market segmentation, based on Application, includes Research and Development, Therapeutics, Diagnostic.
The DNA synthesis Market segmentation, based on End-User, includes Biopharmaceutical Companies, Academic and Research Institutes, Contract Research Organizations.
Browse In-depth Market Research Report (128 Pages) on DNA synthesis: https://www.marketresearchfuture.com/reports/dna-synthesis-market-20306
Market Regional Analysis
The dominance of the North American DNA synthesis market area is mainly due to the presence of a vibrant biotechnology and pharmaceutical sector, providing numerous biopharmaceutical companies, and research institutes and academic institutions. As a result of the forthcoming spike in number of new health clubs and fitness centres, the market is likely to grow even bigger in this region.
Europe DNA synthesis market holds the second largest share of market due to the existence of powerful genomic research organizations, drug discoverers and molecular biology agencies among several others within the biopharmaceutical companies, academic and research institutions.
Asia Pacific DNA synthesis industry will experience the biggest CAGR growth from 2023 to the near term of 2032. This is due to a fast-growing DNA synthesis services market, which are behind research and development activities, drug discovery projects and personalized medicine initiatives in Asia-Pacific region.
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