USD 2.90 Billion
Report ID:
SQMIG35H2185 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
88
|Figures:
71
DNA Synthesis Market size was valued at USD 3.46 Billion in 2023 and is poised to grow from USD 4.14 Billion in 2024 to USD 17.38 Billion by 2032, growing at a CAGR of 19.63% during the forecast period (2025-2032).
The global DNA synthesis market is experiencing significant growth due to its vital role in various fields such as pharmaceuticals, biotechnology, and genetics research. Researchers and biotech companies are increasingly relying on DNA synthesis services to design and produce custom DNA sequences for a wide range of applications, from drug development to genetic engineering. This market's expansion is driven by the growing demand for synthetic biology tools, the rise of personalized medicine, and the continuous advancements in gene editing technologies.
Moreover, DNA synthesis services enable rapid prototyping and experimentation in the laboratory, fostering innovation and accelerating the pace of scientific discovery. As the biotechnology and healthcare industries continue to evolve, the DNA synthesis market is poised to play a pivotal role in shaping the future of genomics and molecular biology.
US DNA Synthesis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.90 Billion
Largest Segment
Gene Synthesis
Fastest Growth
Gene Synthesis
Growth Rate
19.63% CAGR
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Global DNA Synthesis Market is segmented by Service, Length, Application, End Use, and region. Based on Service, the market can be segmented into Oligonucleotide Synthesis (Standard, Custom), Gene Synthesis (Custom, Gene Library). Based on Length, the market can be segmented into Oligonucleotide Synthesis (< 50 nt, 51-100 nt, 101-150 nt, > 150 nt), Gene Synthesis (< 500 nt, 501-1000 nt, 1001-1500 nt, 1501-2000 nt, 2001-2500 nt, > 2500 nt). Based on Application, the market is segmented into Research and Development (Oligonucleotide Synthesis [PCR, NGS, CRISPR, Cloning and Mutagenesis, Others], Gene Synthesis [Synthetic Biology, Vaccine Development, Genetic Engineering, Others]), Diagnostics, Therapeutics (RNAi Therapies, Antisense Oligonucleotide-based Therapies, Others). Based on End Use, the market is segmented into Biopharmaceutical and Diagnostics Companies, Academic and Research Institutes, Contract Research Organizations. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
DNA Synthesis Market Analysis by Service Type
Gene Synthesis is currently the dominating service type in the DNA synthesis market. This is primarily because gene synthesis involves the creation of entire genes, which is crucial for various applications in genetic engineering, synthetic biology, and biotechnology. The ability to design and produce custom genes has broad applications in drug development, vaccine research, and the creation of genetically modified organisms, making it a central service in the field.
However, Oligonucleotide Synthesis is the fastest-growing segment in the DNA synthesis market. This growth can be attributed to its versatility and relevance in areas like genomics, diagnostics, and personalized medicine. Oligonucleotides are shorter DNA or RNA fragments used in a wide range of applications, including PCR, DNA sequencing, and gene editing techniques like CRISPR-Cas9. The rapid growth is driven by the increasing demand for precision medicine, where custom-designed oligonucleotides are essential for tailoring treatments to individual genetic profiles. This trend is likely to continue as genomics and personalized medicine gain prominence in healthcare and research.
DNA Synthesis Market Analysis by Application
Therapeutics is currently the dominating application for DNA synthesis. This dominance can be attributed to the increasing emphasis on precision medicine and the development of personalized therapies. DNA synthesis is crucial for creating custom DNA sequences for gene therapy, vaccine development, and the production of therapeutic proteins. The demand for tailored treatments for various genetic diseases and cancer has propelled therapeutics to the forefront of DNA synthesis applications.
However, Research and Development (R&D) is the fastest growing application for DNA synthesis. The growth can be attributed to the expanding scope of genetic research and synthetic biology projects. R&D teams are using DNA synthesis to create novel genetic constructs, conduct functional genomics studies, and engineer organisms for various purposes. This rapid expansion in R&D is driven by the increasing availability of cost-effective DNA synthesis services, which are enabling researchers to explore new frontiers in genetics, biotechnology, and drug discovery with unprecedented speed and precision.
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North America is currently the dominating region in the global DNA synthesis market. This dominance can be attributed to the presence of well-established biotechnology and pharmaceutical industries, strong research and development capabilities, and a higher adoption rate of advanced biotechnological tools and techniques. Additionally, favorable regulatory environments and significant investments in genomics research contribute to North America's leadership in this market.
However, the Asia Pacific is the fastest growing region in the global DNA synthesis market. This rapid growth is driven by factors such as increasing healthcare expenditure, a rising focus on biotechnology research and development, and the growing awareness of personalized medicine. Moreover, the region benefits from a large pool of skilled scientists and researchers, lower operating costs for biotech companies, and a growing trend of outsourcing DNA synthesis services to Asia Pacific countries. These factors collectively contribute to the region's remarkable growth in the DNA synthesis market.
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DNA Synthesis Market Drivers
Advancements in Genetic Engineering Technologies
DNA Synthesis Market Restraints
Regulatory Challenges
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The competitive landscape of the DNA synthesis market is characterized by a diverse array of companies offering a range of synthesis services and technologies. These companies compete based on factors such as the quality and accuracy of synthesized DNA, turnaround times, customization options, and pricing.
Innovation plays a crucial role in this landscape, with companies continually striving to develop advanced synthesis techniques, improve scalability, and enhance the overall efficiency of DNA synthesis processes. Partnerships and collaborations between industry players and academic institutions are also common, facilitating knowledge exchange and the development of cutting-edge solutions.
As the demand for custom DNA sequences expands across various industries, the competitive landscape is expected to remain dynamic, with companies seeking to differentiate themselves through technological advancements and superior service offerings.
DNA Synthesis Market Top Player’s Company Profiles
DNA Synthesis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global DNA synthesis market analysis, the market is witnessing robust growth, driven by the expanding applications of synthetic DNA across diverse industries. Key factors fueling this growth include advancements in biotechnology, increased adoption of personalized medicine, and the growing emphasis on genetic research and gene editing technologies.
Researchers and biotech companies are relying on DNA synthesis services to design and create custom DNA sequences for applications ranging from drug development to gene therapy.
Furthermore, regions like North America and Asia Pacific are emerging as prominent market leaders due to their strong biotechnology sectors and research capabilities.
However, the market faces challenges related to stringent regulatory environments and ethical considerations in gene editing. Balancing innovation with ethical and safety concerns will be essential for sustainable growth.
Overall, the DNA synthesis market is expected to continue expanding as scientific advancements and market demand drive further innovation and investment in this critical sector.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.46 Billion |
Market size value in 2032 | USD 17.38 Billion |
Growth Rate | 19.63% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the DNA Synthesis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the DNA Synthesis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the DNA Synthesis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the DNA Synthesis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35H2185
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