Gene Synthesis Market: Future Demand and Top Key Players Analysis | 2029
Focused on real-world business use, this report highlights what’s changing in the gene synthesis market and what companies should prepare for next.
How Much Is The Gene Synthesis Market Worth?
The gene synthesis market size has grown rapidly in recent years. It will grow from $3.32 billion in 2024 to $3.95 billion in 2025 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to advancements in genetic research, a rise in personalized medicine, an increased focus on biotechnology, growth in the biopharmaceutical sector, and technological platforms for synthesis
The gene synthesis market size is expected to see exponential growth in the next few years. It will grow to $8.51 billion in 2029 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to the rapid growth of synthetic biology, the emergence of CRISPR technology, increasing demand for custom genes, advances in gene editing and therapy, and expanding applications in agriculture. Major trends in the forecast period include increasing accessibility through cost reduction, customized gene libraries for functional genomics, automation, and high-throughput synthesis, collaborations in biotechnology and pharmaceutical sectors, and focus on ethical and regulatory considerations.
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What Are The Current Leading Growth Drivers For Gene Synthesis Market?
The increased prevalence of chronic infectious diseases is expected to propel the growth of the gene synthesis market going forward. Chronic infectious diseases are illnesses caused by pathogens that persist in the body for a long time, often for years or even a lifetime. Gene synthesis can help reduce infectious diseases by enabling the development of new vaccines, diagnostics, and therapeutics that are specific to particular pathogens. This approach has the potential to be faster, more effective, and more targeted than traditional approaches, and has the potential to help control outbreaks of infectious diseases. For instance, in November 2023, the World Health Organization, a Switzerland-based specialized health agency, estimated in 2022 that 10.6 million people globally were diagnosed with tuberculosis (TB), comprising 5.8 million men, 3.5 million women, and 1.3 million children. Therefore, the increase in the prevalence of chronic infectious diseases is driving the growth of the gene synthesis market.
Which Segment Accounted For The Largest Gene Synthesis Market Share?
The gene synthesis market covered in this report is segmented –
1) By Method: Solid-Phase Synthesis, Chip-Based Synthesis, PR-Based Enzyme Synthesis
2) By Service: Antibody DNA Synthesis, Viral DNA Synthesis, Other Services
3) By Application: Gene And Cell Therapy Development, Vaccine Development, Disease Diagnosis, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Companies, Academic And Government Research Institutes, Contract Research Organizations
Subsegments:
1) By Solid-Phase Synthesis: Phosphoramidite Method, H-phosphonate Method
2) By Chip-Based Synthesis: Microarray Technology, Light-Directed Synthesis
3) By PCR-Based Enzyme Synthesis: Polymerase Chain Reaction (PCR), Reverse Transcription PCR (RT-PCR)
What Are The Key Trends And Market Opportunities In The Gene Synthesis Sector?
Technological advancements are the key trends gaining popularity in the gene synthesis market. Companies operating in the gene synthesis market are adopting new technologies to sustain their position in the market. For instance, in June 2024, GenScript Biotech Corporation, is US-based a biotechnology company launched the FLASH Gene service, an ultra-fast sequence-to-plasmid (S2P) service designed to meet the growing demand for rapid gene synthesis and plasmid preparation. This new offering allows researchers to receive their plasmid constructs in just four business days, significantly faster than traditional methods.
Which Are The Top Companies To Hold The Market Share In Gene Synthesis Market?
Major companies operating in the gene synthesis market market include Genscript Biotech Corporation, Brooks Automation Inc., Boster Biological Technology Ltd., Twist Bioscience Corp., ProteoGenix Inc., Biomatik Corporation, ProMab Biotechnologies Inc., Thermo Fisher Scientific Inc., Integrated DNA Technologies Inc., OriGene Technologies Inc., GenScript Corp., Eurofins Scientific SE, Merck KGaA, Codex DNA Inc., Genewiz Inc., Eurofins Genomics LLC, BioCat GmbH, Bioneer Pacific Co. Ltd., Bio Basic Inc., Beijing SBS Genetech Co. Ltd, Creative Biogene Inc, Exonbio LLC., Trenzyme GmbH, AddLife AB, Polygen GmbH, MACROGEN CO. LTD., Synbio Technologies LLC
View the full gene synthesis market report here:
https://www.thebusinessresearchcompany.com/report/gene-synthesis-global-market-report
Which Region Is Projected To Account For The Largest Share Of The Gene Synthesis Market?
North America was the largest region in the gene synthesis market in http://2024.Asia-Pacific is expected to be the fastest-growing region in the global gene synthesis market report during the forecast period. The regions covered in the gene synthesis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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