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The gene synthesis market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 27.0% in the forecast period of 2021 to 2028 and is expected to reach USD 21,156.93 million by 2028.
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The major companies which are dealing in the gene synthesis are Eurofins Genomics, ATG:biosynthetics GmbH, Merck KGaA, Aldevron, Synbio Technologies, Thermo Fisher Scientific Inc, Genscript, General Biosystems, Twist Bioscience, Evonetix, Bio-synthesis Inc, LGC Limited, Eurofins Genomics Blue Heron LLC, Macrogen,Inc, Science Exchange, Inc, Integrated DNA Technologies, Inc, Origene Technologies, INC., Proteo Genix, Biocat GMBH among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contract and agreement are also initiated by the companies’ worldwide which are also accelerating the gene synthesis market.
- In February 2018, Twist Bioscience expanded its presence in North America with the opening of new office in San Diego, California. The company has adopted this initiative in order to scale up the manufacturing of synthetic gene construct and DNA constructs. This expansion allowed the company to design, validate and provide with the on-demand orders to the customers.
- In March 2021, Aldevron expanded its manufacturing facility at Madison. At this new facility the company is scaling up the manufacturing of gene synthesis products, ground breaking therapies among others. Through this expansion the company has expanded its product manufacturing and boosted the project scope and scale
Scope of the Gene Synthesis Market
Global gene synthesis market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Ireland, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt and Rest of Middle East and Africa.
- All country based analysis of the global gene synthesis market is further analysed based on maximum granularity into further segmentation. On the basis of product & services, the gene synthesis market is segmented into synthesizer, consumables and software & services. On the basis of gene type, the gene synthesis market is segmented into standard gene, express gene, complex gene and others. On the basis of product type, the gene synthesis market is segmented into gene library synthesis and custom gene synthesis. On the basis of application, the gene synthesis market is segmented into synthetic biology, genetic engineering, vaccine design, therapeutic antibodies and others. On the basis of method, the gene synthesis market is segmented into solid phase synthesis, chip based DNA synthesis and PCR based enzyme synthesis. On the basis of end user, the gene synthesis market is segmented into academic & research institutes, diagnostic laboratories, biotech & pharmaceutical companies and other. On the basis of distribution channel, the gene synthesis market is segmented into direct tender, online distribution and third party distributors.
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Gene Synthesis Market Developments
- In June 2020, Integrated DNA Technologies, Inc. (a subsidiary of Danaher) launched gBlocks HiFi Gene Fragment which proved beneficial to researchers by allowing allow them to build large gene constructs and avoid unwanted mutations in the gene sequences. This product launch boosted the company’s product portfolio and allowed it penetrate its root in the global gene synthesis market.
- In February 2021, Thermo Fisher Scientific Inc. had acquired the Mesa Biotech. Mesa Biotech has developed the PCR-based testing platform for infectious disease diagnosis. This system provides with efficient result in less span of time. The product launched depended carries out the gene synthesis in order to confirm the nucleic acid molecule of pathogenic organism. This acquisition thus allowed Thermo Fisher Scientific Inc. bolster its existing product portfolio and to expand its root in gene synthesis market.
- In April 2020, Merck KGaA announced that they would be launching 100 million euros worth commercial facility for its BioReliance viral and gene therapy services next year for major advancements in medicine. As the company is constantly engaged in manufacturing of reagents among others used in the field of genomic, this expansion helped the company to accelerate the growth of gene therapy services which is greatly dependent upon gene synthesis.
Global Gene Synthesis Market Scenario
According to Data Bridge Market Research, the market for global gene synthesis in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Integrated DNA Technologies, Inc. (a subsidiary of Danaher), which accounts an estimated market share of approximately 11.76% in the global market. The company has gained outstanding sale by providing novel gene synthesis products.
- In December 2017, Integrated DNA Technologies, Inc. (a subsidiary of Danaher) had acquired GeneWorks Pty Ltd in Australia with an aim to accelerate the manufacturing of oligonucleotides used for gene synthesis, among other purposes. This acquisition had leverages the company’s manufacturing abilities and allowed it to fulfill the unmet customers demand dealing in the gene synthesis market.
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