Market Overview

The gene synthesis market is a rapidly growing segment of the biotechnology industry. The market is characterized by high growth potential and significant technological advancements in the field of genomics. Gene synthesis involves the creation of synthetic genes, which are used in various applications such as drug discovery, personalized medicine, and genetic engineering. The global gene synthesis market is expected to reach USD 21.6 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027.

Meaning

Gene synthesis refers to the artificial creation of genes using chemical or biological techniques. The process involves the assembly of DNA fragments, which are then ligated together to form a complete gene. Gene synthesis allows researchers to create customized genes that are not found in nature, allowing for the exploration of new scientific avenues.

Executive Summary

The gene synthesis market is witnessing tremendous growth due to the increasing demand for synthetic genes in various applications such as drug discovery, personalized medicine, and genetic engineering. The market is expected to reach USD 21.6 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027. Key market drivers include increasing R&D activities in the field of genomics, rising demand for personalized medicine, and technological advancements in gene synthesis techniques.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global gene synthesis market is expected to reach USD 21.6 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027.
• The increasing demand for synthetic genes in various applications such as drug discovery, personalized medicine, and genetic engineering is driving the growth of the gene synthesis market.
• Technological advancements in gene synthesis techniques are also contributing to market growth.
• North America dominates the gene synthesis market due to the presence of key market players and increasing R&D activities in the field of genomics.

Market Analysis

The global gene synthesis market is expected to grow at a CAGR of 16.3% from 2020 to 2027, driven by the increasing demand for synthetic genes in various applications such as drug discovery, personalized medicine, and genetic engineering. The market is also witnessing significant technological advancements in gene synthesis techniques, which are further driving market growth.

Market Drivers

1. Increasing R&D Activities in the Field of Genomics

The increasing focus on genomics research is driving the demand for synthetic genes, which are used in various applications such as gene therapy, genetic engineering, and drug discovery. The growing R&D activities in the field of genomics are fueling the growth of the gene synthesis market.

2. Rising Demand for Personalized Medicine

The increasing demand for personalized medicine is driving the growth of the gene synthesis market. Personalized medicine requires the creation of customized genes, which can be used to develop personalized therapies for various diseases.

3. Technological Advancements in Gene Synthesis Techniques

The development of advanced gene synthesis techniques is driving the growth of the gene synthesis market. Technological advancements such as DNA synthesis platforms and gene assembly techniques are enabling the rapid and efficient creation of synthetic genes.

Market Restraints

1. High Cost of Gene Synthesis

The high cost of gene synthesis is a major challenge for the growth of the gene synthesis market. The cost of gene synthesis varies depending on the complexity of the gene and the synthesis technique used, which can make it prohibitively expensive for some applications.

2. Ethical Concerns

The ethical concerns surrounding gene synthesis are also a major challenge for the growth of the gene synthesis market. The creation of synthetic genes raises ethical concerns about the potential misuse of the technology.

Market Opportunities

1. Emerging Applications in Synthetic Biology

The emerging applications of synthetic biology are creating new opportunities for the gene synthesis market. Synthetic biology involves the design and construction of new biological systems using synthetic genes. The growing interest in synthetic biology is expected to drive the demand for synthetic genes, creating new opportunities for the gene synthesis market.

2. Growing Demand for CRISPR/Cas9 Technology

The growing demand for CRISPR/Cas9 technology is driving the growth of the gene synthesis market. CRISPR/Cas9 is a powerful gene editing tool that uses synthetic guide RNAs to target and edit specific genes. The growing use of CRISPR/Cas9 technology in various applications such as gene therapy and drug discovery is expected to drive the demand for synthetic genes.

Market Dynamics

The gene synthesis market is a dynamic and rapidly evolving industry. The market is driven by various factors such as increasing R&D activities, rising demand for personalized medicine, and technological advancements in gene synthesis techniques. However, the market is also facing various challenges such as high costs and ethical concerns. Overall, the gene synthesis market is expected to witness significant growth in the coming years due to the increasing demand for synthetic genes in various applications.

Regional Analysis

North America dominates the gene synthesis market due to the presence of key market players and increasing R&D activities in the field of genomics. The region is expected to continue its dominance throughout the forecast period. Asia Pacific is expected to witness significant growth in the gene synthesis market due to the growing investments in the biotechnology industry and increasing government support for genomics research.

Competitive Landscape

Leading Companies in the Gene Synthesis Market:

1. Thermo Fisher Scientific Inc.
2. GenScript Biotech Corporation
3. Eurofins Scientific SE
4. Integrated DNA Technologies, Inc. (Danaher Corporation)
5. GeneArt (Thermo Fisher Scientific Inc.)
6. Bioneer Corporation
7. ATUM (a Division of Twist Bioscience)
8. Genewiz (Brooks Automation, Inc.)
9. Bio Basic Inc.
10. OriGene Technologies, Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The gene synthesis market can be segmented on the basis of product type, application, end-user, and region.

• By Product Type:
  • Gene Library Synthesis
  • Custom Gene Synthesis
  • Others
• By Application:
  • Drug Discovery
  • Synthetic Biology
  • Gene Therapy
  • Others
• By End-User:
  • Academic and Research Institutes
  • Pharmaceutical and Biotech Companies
  • Contract Research Organizations
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Category-wise Insights

Custom gene synthesis is the largest segment of the gene synthesis market, accounting for a significant share of the market. The increasing demand for customized genes for various applications such as drug discovery and genetic engineering is driving the growth of this segment. Drug discovery is the largest application segment of the gene synthesis market, accounting for the majority of the market share. The increasing R&D activities in the field of drug discovery and personalized medicine are driving the growth of this segment.

Key Benefits for Industry Participants and Stakeholders

• Understanding the market dynamics and trends in the gene synthesis market
• Identifying the key market drivers, restraints, and opportunities
• Gaining insights into the competitive landscape of the gene synthesis market
• Understanding the segmentation of the gene synthesis market
• Identifying the key trends and developments in the gene synthesis market
• Analyzing the impact of COVID-19 on the gene synthesis market

SWOT Analysis

Strengths:

• Growing demand for synthetic genes in various applications
• Technological advancements in gene synthesis techniques
• Increasing R&D activities in the field of genomics

Weaknesses:

• High cost of gene synthesis
• Ethical concerns surrounding gene synthesis

Opportunities:

• Emerging applications in synthetic biology
• Growing demand for CRISPR/Cas9 technology

Threats:

• Increasing competition in the gene synthesis market
• Regulatory challenges and uncertainty
• Potential misuse of gene synthesis technology

Market Key Trends

1. Increasing Demand for CRISPR/Cas9 Technology

The growing demand for CRISPR/Cas9 technology is a key trend in the gene synthesis market. CRISPR/Cas9 is a powerful gene editing tool that uses synthetic guide RNAs to target and edit specific genes. The growing use of CRISPR/Cas9 technology in various applications such as gene therapy and drug discovery is driving the demand for synthetic genes.

2. Growing Interest in Synthetic Biology

The growing interest in synthetic biology is another key trend in the gene synthesis market. Synthetic biology involves the design and construction of new biological systems using synthetic genes. The growing interest in synthetic biology is expected to drive the demand for synthetic genes, creating new opportunities for the gene synthesis market.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the gene synthesis market. The pandemic has led to disruptions in the global supply chain and has affected the operations of various industries, including the biotechnology industry. However, the pandemic has also created new opportunities for the gene synthesis market, particularly in the field of vaccine development. The demand for synthetic genes for vaccine development has increased significantly, driving the growth of the gene synthesis market.

Key Industry Developments

1. Twist Bioscience Corporation Launches Twist Biopharma

In August 2020, Twist Bioscience Corporation launched Twist Biopharma, a new division focused on the development of therapeutic antibodies. The launch of Twist Biopharma is expected to drive the growth of the gene synthesis market, particularly in the field of drug discovery.

2. Genscript Biotech Corporation Acquires Aldevron

In March 2021, Genscript Biotech Corporation announced the acquisition of Aldevron, a leading provider of plasmid DNA, mRNA, and proteins for the biotechnology industry. The acquisition is expected to enhance Genscript’s product offerings and expand its market presence in the gene synthesis market.

Analyst Suggestions

• Key players in the gene synthesis market should focus on strategic partnerships and collaborations to expand their market presence and enhance their product offerings.
• Companies should invest in the development of advanced gene synthesis techniques to improve the efficiency and affordability of gene synthesis.
• Companies should also focus on the development of customized gene synthesis solutions to meet the specific needs of their customers.

Future Outlook

The gene synthesis market is expected to witness significant growth in the coming years due to the increasing demand for synthetic genes in various applications such as drug discovery, personalized medicine, and genetic engineering. Technological advancements in gene synthesis techniques and the growing interest in synthetic biology are expected to drive market growth. However, the market is also expected to face various challenges such as high costs and regulatory challenges. Overall, the gene synthesis market is expected to remain a key segment of the biotechnology industry in the coming years.

Conclusion

The gene synthesis market is a rapidly growing segment of the biotechnology industry. The market is characterized by high growth potential and significant technological advancements in the field of genomics. The increasing demand for synthetic genes in various applications such as drug discovery, personalized medicine, and genetic engineering is driving the growth of the gene synthesis market. The market is also witnessing significant technological advancements in gene synthesis techniques, which are further driving market growth. The Covid-19 pandemic has had a significant impact on the gene synthesis market, creating new opportunities for the market particularly in the field of vaccine development. The future outlook for the gene synthesis market is positive, with significant growth expected in the coming years due to the increasing demand for synthetic genes and the growing interest in synthetic biology.