Gene Synthesis Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War

The global gene synthesis market is expected to grow at a CAGR of around 18.9% during 2024-2033. This report on global gene synthesis market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global gene synthesis market by segmenting the market based on product & services, gene type, product type, application, method, distribution channel, end user, and region. Also, detailed profiles of companies operating in the gene synthesis market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

 

 

Market Drivers

The development of new technologies has increased the efficiency and accuracy of gene synthesis, making it more accessible and cost-effective. NGS technology has revolutionized the field of genomics by enabling high-throughput sequencing of DNA and RNA. This has led to increased demand for gene synthesis products and services to produce the necessary genetic material for sequencing and analysis. Moreover, personalized medicine involves the use of genetic information to develop customized therapies and treatments for individuals based on their unique genetic makeup. Gene synthesis plays a critical role in personalized medicine by enabling the production of specific genes and genetic material that can be used to develop customized therapies

 

Market Restraints

The high cost of gene synthesis is one of the major challenges facing the industry and can restrict the growth of the gene synthesis market. Gene synthesis involves the chemical synthesis of DNA sequences, which can be a complex and time-consuming process. This complexity can make gene synthesis expensive, particularly for large-scale production of DNA sequences. Further, the lack of skilled professionals is another challenge faced by gene synthesis market, which can restrict its growth. Gene synthesis involves a highly specialized set of skills and expertise, including molecular biology, genetics, biochemistry, and synthetic chemistry. As the field continues to grow, the demand for skilled professionals in these areas is increasing, but there is a shortage of qualified personnel.

 

Market Opportunities

Research funding provides the necessary resources to support the development of new technologies, products, and therapies, including gene synthesis. With more funding available, researchers and companies can invest in the development of new gene synthesis techniques, improved gene synthesis platforms, and more advanced gene therapies. Government agencies, private foundations, and companies themselves all provide funding for gene synthesis research. Gene synthesis plays a crucial role in clinical research, particularly in the development of new gene therapies and personalized medicine. In clinical research, gene synthesis is used to produce large quantities of specific DNA sequences for use in various applications, such as vaccine development, drug discovery, and gene therapy. The ability to synthesize genes on demand allows researchers to design and produce custom DNA sequences with specific properties and functions, which can then be used in a variety of research applications.

 

Recent Industry Development 

• In Jun 2022, Codex DNA, Inc. presented automated synthetic biology technologies to accelerate discovery workflows at the conference on antibody engineering and therapeutics in Europe.
• In Apr 2022, Twist Bioscience Corporation launched a high-throughput antibody production platform. Customers can convert digital DNA sequences into purified IgG antibodies using the antibody production workflow.

 

Gene Synthesis Market Report Highlights:

• The consumables segment dominated the global gene synthesis market by product & services with 59.5% in 2023. Consumables play a critical role in gene synthesis, as they are the materials required to produce custom DNA fragments.
• Based on gene type, standard gene dominated segment held the largest market share of 61.2% in 2023 and is anticipated to dominate the market over the forecast period.
• Based on product type, gene library synthesis dominated segment & held the largest market share of 67.8% in 2023 and is anticipated to dominate the market over the forecast period. Gene library synthesis refers to the construction of a collection of genes, typically encoding a diverse range of proteins or peptides, using synthetic biology techniques.
• Based on application, genetic engineering dominated segment held the largest market share of 37.5% in 2023 and is anticipated to dominate the market over the forecast period.
• Based on method, solid phase synthesis dominated segment & held the largest market share of 48.5% in 2023 and is anticipated to dominate the market over the forecast period. Solid-phase gene synthesis is a highly automated and efficient process that has revolutionized the field of gene synthesis.
• Based on distribution channel, direct tender dominated segment & held the largest market share of 66.8% in 2023 and is anticipated to dominate the market over the forecast period. In the case of gene synthesis products, the tender process can be a useful tool for procuring high-quality products at a competitive price.
• Based on end user, academic and research institutes dominated segment held the largest market share of 54.1% in 2023 and is anticipated to dominate the market over the forecast period
• North America generated the highest revenue in 2023 with a 39.0% revenue share. The region’s revenue is rising as a result of the large number of contract research organizations (CROs) that offer gene synthesis services.

 

Historical & Forecast Period

Base Year: 2023

Historical Period: 2019-2023

Forecast Period: 2024-2033

Report’s Unit: US$

 

Global Gene Synthesis Market Segmentation

Market by Product & Services

• Consumables
• Software & Services
• Synthesizer

Market by Gene Type

• Standard Gene
• Complex Gene
• Express Gene
• Others

Market by Product Type

• Gene Library Synthesis
• Custom Gene Synthesis

Market by Application

• Genetic Engineering
• Synthetic Biology
• Vaccine Design
• Therapeutic Antibodies
• Others

Market by Method

• Solid Phase Synthesis
• PCR Based Enzyme Synthesis
• Chip Based DNA Synthesis

Market by Distribution Channel

• Direct Tender
• Third Party Distributors
• Online Distribution

Market by End User

• Academic and Research Institutes
• Contract Research Organizations
• Biopharmaceutical Companies
• Others

Market by Region

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Netherlands
• Sweden
• Poland
• Rest of Europe

North America

• United States
• Canada

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• ASEAN
• Rest of Asia Pacific

Latin America

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• Turkey
• Iran
• United Arab Emirates
• Rest of Middle East & Africa

List of Mentioned Companies

• ATUM (DNA2.0 Inc.)
• Bio Basic Inc.
• Beijing SBS Genetech Co. Ltd
• Eurofins Genomics
• Genewiz Inc.
• Genscript Biotech Corp.
• Merck KGaA
• OriGene Technologies Inc.
• Thermo Fisher Scientific Inc.

 

Report Coverage

Report Feature	Details
Base Year	2023
Historical Period	2019-2022
Forecast Period	2024-2033
Units	US$ Million
Segments Covered	Product & Services, Gene Type, Product Type, Application, Method, Distribution Channel, End User, Region
Region Covered	Europe, North America, Asia Pacific, Latin America, Middle East and Africa
Companies Covered	ATUM (DNA2.0 Inc.), Bio Basic Inc., Beijing SBS Genetech Co. Ltd, Eurofins Genomics, Genewiz Inc., Genscript Biotech Corp., Merck KGaA, OriGene Technologies Inc., Thermo Fisher Scientific Inc.
Purchase Options	Single User License: US$ 2,999 Five User License: US$ 3,499 Corporate License: US$ 4,499

 

Research Methodology

During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.

Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis. 

Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.

 

Key Questions Answered in the Report

• What will be the global gene synthesis market size and the growth rate in the coming year?
• What are the main key factors driving the market?
• What are the key market trends impacting the growth of the market?
• What are the market opportunities and threats in the market?
• What industrial trends, drivers, and challenges are manipulating its growth?
• Which are trending factors influencing the market shares of the top regions across the globe?
• Who are the key market players in the industry?
• What is the impact of Covid19 on the current industry?

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Gene Synthesis Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Gene Synthesis Market by Product & Services (US$ Million, 2019-2033)
5.1. Introduction
5.2. Consumables
5.3. Software & Services
5.4. Synthesizer
5.5. Key Segment Investment Opportunity
6. Global Gene Synthesis Market by Gene Type (US$ Million, 2019-2033)
6.1. Introductions
6.2. Standard Gene
6.3. Complex Gene
6.4. Express Gene
6.5. Others
6.6. Key Segment Investment Opportunity
7. Global Gene Synthesis Market by Product Type (US$ Million, 2019-2033)
7.1. Introduction
7.2. Gene Library Synthesis
7.3. Custom Gene Synthesis
7.4. Key Segment Investment Opportunity
8. Global Gene Synthesis Market by Application (US$ Million, 2019-2033)
8.1. Introductions
8.2. Genetic Engineering
8.3. Synthetic Biology
8.4. Vaccine Design
8.5. Therapeutic Antibodies
8.6. Others
8.7. Key Segment Investment Opportunity
9. Global Gene Synthesis Market by Method (US$ Million, 2019-2033)
9.1. Introduction
9.2. Solid Phase Synthesis
9.3. PCR Based Enzyme Synthesis
9.4. Chip Based DNA Synthesis
9.5. Key Segment Investment Opportunity
10. Global Gene Synthesis Market by Distribution Channel (US$ Million, 2019-2033)
10.1. Introductions
10.2. Direct Tender
10.3. Third Party Distributors
10.4. Online Distribution
10.5. Key Segment Investment Opportunity
11. Global Gene Synthesis Market by End User (US$ Million, 2019-2033)
11.1. Introduction
11.2. Academic and Research Institutes
11.3. Contract Research Organizations
11.4. Biopharmaceutical Companies
11.5. Others
11.6. Key Segment Investment Opportunity
12. Global Gene Synthesis Market by Region (US$ Million, 2019-2033)
12.1. Introduction
12.2. Europe
12.3. North America
12.4. Asia Pacific
12.5. Latin America
12.6. Middle East & Africa
12.7. Key Segment Investment Opportunity
13. Europe Gene Synthesis Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. Europe Market Breakup by Product & Services
13.4. Europe Market Breakup by Gene Type
13.5. Europe Market Breakup by Product Type
13.6. Europe Market Breakup by Application
13.7. Europe Market Breakup by Method
13.8. Europe Market Breakup by Distribution Channel
13.9. Europe Market Breakup by End User
13.10. Europe Market Breakup by Country
13.10.1. Germany
13.10.2. United Kingdom
13.10.3. France
13.10.4. Italy
13.10.5. Spain
13.10.6. Russia
13.10.7. Netherlands
13.10.8. Sweden
13.10.9. Poland
13.10.10. Rest of Europe
14. North America Gene Synthesis Market (US$ Million, 2019-2033)
14.1. Introduction
14.2. Key Drivers and Takeaways
14.3. North America Market Breakup by Product & Services
14.4. North America Market Breakup by Gene Type
14.5. North America Market Breakup by Product Type
14.6. North America Market Breakup by Application
14.7. North America Market Breakup by Method
14.8. North America Market Breakup by Distribution Channel
14.9. North America Market Breakup by End User
14.10. North America Market Breakup by Country
14.10.1. United States
14.10.2. Canada
15. Asia Pacific Gene Synthesis Market (US$ Million, 2019-2033)
15.1. Introduction
15.2. Key Drivers and Takeaways
15.3. Asia Pacific Market Breakup by Product & Services
15.4. Asia Pacific Market Breakup by Gene Type
15.5. Asia Pacific Market Breakup by Product Type
15.6. Asia Pacific Market Breakup by Application
15.7. Asia Pacific Market Breakup by Method
15.8. Asia Pacific Market Breakup by Distribution Channel
15.9. Asia Pacific Market Breakup by End User
15.10. Asia Pacific Market Breakup by Country
15.10.1. China
15.10.2. Japan
15.10.3. India
15.10.4. South Korea
15.10.5. Australia
15.10.6. ASEAN
15.10.7. Rest of Asia Pacific
16. Latin America Gene Synthesis Market (US$ Million, 2019-2033)
16.1. Introduction
16.2. Key Drivers and Takeaways
16.3. Latin America Market Breakup by Product & Services
16.4. Latin America Market Breakup by Gene Type
16.5. Latin America Market Breakup by Product Type
16.6. Latin America Market Breakup by Application
16.7. Latin America Market Breakup by Method
16.8. Latin America Market Breakup by Distribution Channel
16.9. Latin America Market Breakup by End User
16.10. Latin America Market Breakup by Country
16.10.1. Mexico
16.10.2. Brazil
16.10.3. Argentina
16.10.4. Chile
16.10.5. Rest of Latin America
17. Middle East and Africa Gene Synthesis Market (US$ Million, 2019-2033)
17.1. Introduction
17.2. Key Drivers and Takeaways
17.3. Middle East and Africa Market Breakup by Product & Services
17.4. Middle East and Africa Market Breakup by Gene Type
17.5. Middle East and Africa Market Breakup by Product Type
17.6. Middle East and Africa Market Breakup by Application
17.7. Middle East and Africa Market Breakup by Method
17.8. Middle East and Africa Market Breakup by Distribution Channel
17.9. Middle East and Africa Market Breakup by End User
17.10. Middle East and Africa Market Breakup by Country
17.10.1. Saudi Arabia
17.10.2. Turkey
17.10.3. Iran
17.10.4. United Arab Emirates
17.10.5. Rest of Middle East & Africa
18. Competitive Landscape
18.1. Competitive Dashboard
18.2. Key Industry Strategies Analysis
18.3. Recent Developments
18.4. Market Scenario
19. Company Profiles
19.1. ATUM (DNA2.0 Inc.)
19.2. Bio Basic Inc.
19.3. Beijing SBS Genetech Co. Ltd
19.4. Eurofins Genomics
19.5. Genewiz Inc.
19.6. Genscript Biotech Corp.
19.7. Merck KGaA
19.8. OriGene Technologies Inc.
19.9. Thermo Fisher Scientific Inc.