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2024-2033 Gene Synthesis Market Growth Rate: What’s the Forecast?

The market size of gene synthesis has experienced significant expansion in the last few years. The market, which is projected to increase from $2.8 billion in 2023 to $3.36 billion in 2024, is accelerating at a CAGR of 20.1%. The growth seen in the historical period owes to progress made in genetics research, the rising traction of personalized medicine, a heightened emphasis on biotechnology, the burgeoning biopharmaceutical sector, and advancement in technological platforms for synthesis.

There is an anticipation of substantial growth for the gene synthesis market in the foreseeable future. An expansion to the tune of $7.09 billion is predicted for 2028, displaying a compound annual growth rate (CAGR) of 20.5%. The projected growth during this period can be ascribed to factors such as the swift evolution of synthetic biology, the advent of crispr technology, a rise in demand for tailor-made genes, progress in gene editing and therapy techniques, as well as a diverse array of applications in agriculture. Several key trends are expected to emerge within this period, such as increasing affordability through cost reduction, custom gene libraries tailored to functional genomics, the automation and augmentation of throughput synthesis, partnerships within the realms of biotechnology and pharmaceutical sectors, along with a greater emphasis on ethical standards and regulatory compliance.

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What Drivers Are Accelerating the Growth of the gene synthesis Market?

The growth of the gene synthesis market is projected to be fueled by the escalating occurrence of chronic infectious diseases. These conditions refer to diseases attributable to long-lasting pathogens, sometimes persisting for decades or even an entire lifespan. Gene synthesis has the capacity to curb infectious diseases by facilitating the production of novel vaccines, diagnostics, and treatments specific to distinct pathogens. This methodology is potentially quicker, more efficient, and more precise than traditional methods, with the capability to mitigate infectious disease outbreaks. As an illustration, data from the World Health Organization, a UN agency based in Switzerland dealing with global public health, reveals that in 2021, tuberculosis (TB) accounted for 1.6 million deaths. Globally, TB ranks as the 13th major cause of death and the second most lethal infectious disease after COVID-19, surpassing HIV/AIDS. Consequently, the surge in chronic infectious diseases is spurring the expansion of the gene synthesis market.

What Key Segments Can Be Identified in the Gene Synthesis Market?

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

What Trends Are On the Rise in the Gene Synthesis Market?

The gene synthesis market is witnessing an upswing fueled by technological advancements. In order to maintain their market positions, companies in the gene synthesis sector are harnessing these new technologies. For example, DNA Script SAS, a renowned DNA printing company based in France, launched their SYNTAX platform in June 2021. Equipped with Enzymatic DNA Synthesis (EDS) technology, the platform takes the form of a benchtop nucleic acid printer. The SYNTAX System is a full-fledged, automated printer capable of synthesizing 96 DNA oligos concurrently, each one measuring up to 60 nucleotides in length, designed for usage in molecular biology and genomics operations. This product stands out for its speedy and efficient results – it can generate 20mers within approximately 6 hours, ensuring results within the same day, and around 13 hours to produce up to 60mers, making it perfect for overnight operations.

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What Regions Are Steering Growth in the Gene Synthesis Sector?

North America was the largest region in the gene synthesis market in 2023. 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 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Gene Synthesis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gene synthesis market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Gene Synthesis Market Include

1. Gene Synthesis Market Executive Summary

2. Gene Synthesis Market Segments

3. Gene Synthesis Market Size And Template Market Growth Rate

4. Key Gene Synthesis Market Trends

5. Major Gene Synthesis Market Drivers

……

25. Key Mergers And Acquisitions In The Gene Synthesis Market

26. Top Gene Synthesis Companies

27. Gene Synthesis Market Opportunities And Strategies

28. Gene Synthesis Market, Conclusions And Recommendations

29. Appendix

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