Global
Gene Synthesis Market: Analyst’s Estimations
The first
synthesis of an artificial gene dates back to 1970, achieved by Nobel Prize
winner Har Gobind Khorana. The India born MIT professor had showcased that
large molecules in cells are constituted with genetic information and can be
detected via chemical synthesis of nucleic acids and proteins. In the past half
a century since the discovery, the concept of gene synthesis has been harnessed
furiously and now has turned into a highly robust as well as flexible molecule
engineering tool for chemical DNA synthesis. In the recent past, DNA
sequencing, automation, and amplification have become an integral part of
clinical research pertaining to life science domains such as neuroscience,
cancer biology, antibody engineering, genetics, and biochemistry.
As per the
findings of this business and commerce report, the demand in the global
gene synthesis market will expand at a notable compound annual growth rate
during the forecast period of 2018 to 2026. Compiled by an experienced
healthcare research professional, the report focuses on representing the
commerce of the market for gene synthesis, providing qualitative and
quantitative data in terms of US dollar million. Developed by following proven
market research methodologies, the report segments the market into smaller
aspects, gauges the potential of demand showcased by different regions and
countries, and profiles a number of leading players in a featured chapter on
the competitive landscape.
This gene
synthesis market report has been prepared to act as a credible business tool
for targeted audiences such as pharmaceutical and drug manufacturers,
biotechnology companies, chemical and biofuel industries, academic and government
research institutes, and venture capitalists and investment banks.
Global
Gene Synthesis Market: Drivers and Restraints
Increased
emphasis on clinical research to understand the biological systems at the core
molecular level is anticipated to drive the demand in the gene synthesis market
in the near future. The growth of the life science research is also a
reflection of recent technological advancements that have led to the creation
of well-designed products and services such as microchip based gene synthesis,
molecular separation, and protein purification. Moreover, gene synthesis has
proven its worth as an efficient and cost-effective alternative to classical
cloning and mutagenesis procedures. These reliable and time-efficient solutions
are prompting federal funding in the developed countries for numerous academic
research projects and driving the market. On the other hand, factors such as
cut-throat competition that is enticing price reduction and technical
limitations across the production process are expected to curtail the
prosperity of gene synthesis market in the near future.
Global
Gene Synthesis Market: Segments
Based on
product type, the market for gene synthesis can be segmented into gene library
synthesis and custom gene synthesis. Application-wise, the market can be
bifurcated into research and development including industrial and academic,
therapeutics, and diagnostics. End user categorization of the gene synthesis
market can be done into contract research organizations, academic and research
institutes, and biopharmaceutical companies. Geographically, North America and
Europe continue to be the regions that are producing most prominent chunk of
the total demand for gene synthesis. However, Asia Pacific is anticipated to
turn into a lucrative region in the near future owing to increased investment
by governments and private organizations.
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Global
Gene Synthesis Market: Competitive Landscape
Major
companies operating in this market are strategically strengthening their supply
chain and expanding across different regions by opening production facilities.
There are a number of well-established players in the gene synthesis market,
such as Thermo Fisher Scientific, Inc., Genewiz, Eurofins Scientific, ATD Bio
Ltd., OriGene Technologies, Inc., Bioneer Corporation, Integrated DNA
Technologies, Inc., GenScript Biotech Corporation, and Eurogentec. These
leading players focused on purity and are expected to hold onto their
consolidated position throughout the aforementioned forecast period of this research
report.
The report
offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market
size. The projections featured in the report have been derived using proven
research methodologies and assumptions. By doing so, the research report serves
as a repository of analysis and information for every facet of the market,
including but not limited to: Regional markets, technology, types, and
applications.
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The report
has been compiled through extensive primary research (through interviews,
surveys, and observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing
data gathered from industry analysts and market participants across key points
in the industry’s value chain.
A separate
analysis of prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the purview of the
study. By doing so, the report projects the attractiveness of each major
segment over the forecast period.
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