According to a new market research study titled ‘Gene Synthesis Market to 2025 – Global Analysis and Forecasts by Product & Services, Application and End User the global gene synthesis market is expected to reach US$ 20,122.3 Mn in 2025 from US$ 2,866.1 Mn in 2017. The market is estimated to grow with a CAGR of 28.7% from 2018-2025. The market is expected to grow owing to increase in R&D expenditures and rise in number of startup companies across the globe. However, dearth of skilled professionals and extensive competition among gene synthesis are expected to act as major challenges hindering the market growth.

The current scenario of the gene synthesis market is growing due to increasing usage of gene synthesis in personalized medicine. Gene synthesis technology is a key driver of precision medicine and has improved its accuracy, speed, and cost. The technology is capable of rapidly sequencing large sections of a person's genome and aids in formulation of precision medicine. Synbio, or the engineering of biological systems, allows the construction of new biological entities e.g. cells and genetic interactions, however, it also builds on the understanding of disease mechanisms. This in return generates cost-effective alternatives for the existing therapies and it allows novel treatments in multiple specialties, such as metabolic disorders and cancer.

On the basis of application segment, research & developmental activities segment expected to hold the largest share over the forecast period. The gene synthesis is widely used in the field of research with the advantages of ease of use and cost effective mechanism. The technology is basically used to produce safer and more effective DNA vaccines. Moreover, the technique also offers a myriad of possibilities of applications starting from gene regulation to better understanding evolution and antibiotic resistance. Owing to these advantages, research & developmental activities is expected to drive the market in the coming years.

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 The key players operating in the gene synthesis market worldwide include Thermo Fisher Scientific Inc, Integrated DNA Technologies, Inc., Twist Bioscience, OriGene Technologies, Inc., BioCat GmbH, GenScript, Eurofins Scientific, Bioneer Corporation, ATUM and GENEWIZ among others. The companies more into acquisitions, agreements and collaborations to expand their business globally. For instance, in May 2017, Integrated DNA Technologies (IDT) signed a distributor agreement with LubioScience GmbH (LubioScience), based in Lucerne, Switzerland. This agreement will help the researchers top gain access to IDT’s full range of reagents for genomics research, including custom oligonucleotides, and products for next generation sequencing, CRISPR genome editing, qPCR, and RNA interference. Additionally, in July 2017, Twist Bioscience signed an agreement with Synbio Technologies. The aim of the agreement is to provide the next generation DNA manufacturing and long-length DNA assembly at a commercial scale to customers across the globe.

 The report segments the global gene synthesis market as follows:

  • Global Gene Synthesis Market – By Products & Services
    • Consumables
    • Software
    • Services
  • Global Gene Synthesis Market – By Application
    • Diagnostics
    • Therapeutics
    • Research & Developmental Activities
    • Others
  • Global Gene Synthesis Market – By End User
    • Academic & Research Institutes
    • Diagnostics Laboratories
    • Biotech & Pharmaceutical Companies
    • Others
  • Global Gene Synthesis Market – By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
  • Middle East & Africa (MEA)
    • South Africa
    • UAE
  • South America (SAM)
    • Brazil

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