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What Are the Forecasted Growth Rate and Market Size of the Gene Synthesis Market?
In recent times, there’s been a quick expansion in the gene synthesis market size. This market is projected to increase from $3.32 billion in 2024 to $3.95 billion in 2025, showing a compound annual growth rate (CAGR) of 18.7%. The growth witnessed during the historic period can be credited to advancements in genetic study, the rise of personalized medicine, more emphasis on biotechnology, expansion in the biopharmaceutical industry, and evolving technology platforms for synthesis.
Expectations are high for the gene synthesis market to experience a considerable increase in size over the next several years. Projections suggest it could escalate to “$8.51 billion by 2029, with a compound annual growth rate (CAGR) of 21.2%. Such growth within the forecast period could be credited to the swift advancement of synthetic biology and the arrival of CRISPR technology. Other contributing factors include increased demand for custom-made genes coupled with advancements in gene editing and therapy, as well as the growing use in agricultural applications. Noteworthy trends for the forecast period encompass improved accessibility via cost-cutting measures, tailor-made gene libraries suited for functional genomics, automated processes, and high-output synthesis. Additionally, partnerships within biotechnology and pharmaceutical sectors and a keen focus on ethical and regulatory factors further propel the market’s expansion.
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Which Factor Is Shaping The Future Of The Gene Synthesis Market?
The rise in chronic infectious diseases is predicted to fuel the expansion of the gene synthesis market. Chronic infectious diseases are ailments induced by pathogens that reside in the body over an extended period, often lasting for several years or possibly a lifetime. Gene synthesis holds the potential to mitigate infectious diseases by promoting the creation of novel vaccines, diagnostics, and treatments catered to specific pathogens. This technique could prove to be quicker, more efficient, and more focused compared to conventional methods, and possesses the ability to aid in managing infectious disease outbreaks. For example, in November 2023, the World Health Organization, a health agency based in Switzerland, calculated from data obtained in 2022 that 10.6 million individuals worldwide were suffering from tuberculosis (TB), including 5.8 million men, 3.5 million women, and 1.3 million children. Therefore, the growing cases of chronic infectious diseases are amplifying the progression of the gene synthesis market.
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)
How Are Key Trends Driving Expansion In The Gene Synthesis Industry?
The gene synthesis market is seeing a surge in popularity due to technological advancements. To maintain their market position, companies in this field are embracing cutting-edge technologies. An example of this is GenScript Biotech Corporation, a US-based biotech firm. In June 2024, the company introduced the FLASH Gene service, a super-speedy sequence-to-plasmid (S2P) service created to cater to the expanding need for swift gene synthesis and plasmid preparation. This innovative service enables researchers to obtain their plasmid constructs in a mere four business days, a significant improvement over conventional methods.
Which Companies Hold The Largest Market Share In The Gene Synthesis Sector?
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
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How Does Regional Performance Compare Across The Gene Synthesis Industry?
North America was the largest region in the gene synthesis market in 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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