Gene Editing Is Fastest Growing Segment Fueling The Growth Of The Global Gene Synthesis Market

Gene Synthesis Market


Gene synthesis involves chemically producing strands of DNA of varying lengths. It is used in various applications including gene editing, gene therapy, GMO creation and biologic drugs production. With the ability to easily alter DNA, gene synthesis has streamlined genomic research and biotechnology applications.

The global Gene Synthesis Market Share is estimated to be valued at US$ 2.49 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The gene synthesis market is witnessing significant growth due to increasing research activities in genomics as well as synthetic biology globally. Rising prevalence of chronic diseases coupled with growing focus on development of novel biologic drugs is further fueling demand for gene synthesis. Also, continuous technological advancements in DNA synthesizing equipments to produce long DNA strands accurately and rapidly is increasing its application in gene & cell therapy, and gene editing research. Growing pharmaceutical industry investments to develop novel drugs for cancer, infectious diseases using gene therapy and gene editing approaches is expected to drive the gene synthesis market growth over the forecast period.

Segment Analysis

Gene synthesis market is segmented into gene library synthesis and custom gene synthesis. Custom gene synthesis dominated the market in 2023. Custom gene synthesis offers several advantages including cost-effectiveness, convenience, minimal turnaround time, flexible design, and confidentiality of DNA sequence. Due to these advantages, researchers and scientists widely prefer custom gene synthesis over gene library synthesis.

Key Takeaways

The global Gene Synthesis Market Demand is expected to witness high growth, exhibiting a CAGR of 18% over the forecast period, due to increasing demand for synthesized genes from biotechnology and pharmaceutical companies for various applications including therapeutics development, diagnostics, and others.

Regional analysis
North America dominated the global gene synthesis market in 2023 due to presence of major market players and advanced research infrastructure in the region. Asia Pacific is expected to witness fastest growth during the forecast period owing to increasing investments by government and private organizations in life science research in countries such as China and India.

Key players
Key players operating in the gene synthesis market are Twist Bioscience Corporation, GenScript Biotech Corporation, Eurofins Scientific SE, and Thermo Fisher Scientific Inc. Twist Bioscience Corporation is one of the leading players in gene synthesis market due to its proprietary silicon-based DNA synthesis platform.

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