Global Gene Synthesis Market Overview:
Gene synthesis is also called as DNA printing is a technique in synthetic biology which is utilized to produce artificial genes in the laboratory environment. Based on solid-phase DNA synthesis, it supports polymerase chain reaction (PCR) molecular cloning that does not have to begin with preexisting DNA sequences. So, it is possible to make a completely synthetic double-stranded DNA molecule with no apparent boundaries on either nucleotide sequence or size.
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Factors Driving the Growth of Global Gene Synthesis market:
Global Gene Synthesis is estimated to grow in forecasted period owing to supporting factors such as growing emphasis on clinical research to determine the biological systems at the core molecular level. The growth of the life science research is also a reflection of recent technological advancements which is leading to the creation of well-designed products and services such as molecular separation, microchip based gene synthesis, and protein purification. Moreover, gene synthesis has proven its worth as an efficient and cost-effective alternative to traditional cloning and mutagenesis processes.
Based on geography, North America accounted for the highest share of the market due to requirement in biopharmaceutical industries and academic research. Europe region is estimated to witness good CAGR in following years due to availability of commercial therapeutics drugs and funding in universities. Asia Pacific region is also showing good statistics over the years. It is predicted to continue delivering significant share for the global market. Emerging economies present in the region such as China and India and increasing disposable incomes and per capita incomes are supporting the market growth. It is observed that Middle East and Africa region has lowest market share over the years.
Some of the Leading Companies in the Global Gene Synthesis market:
The key players in the global market include Quintara Biosciences, Thermo Fisher Scientific, Inc., Eurogentec, GenScript Biotech Corporation, Eton Bioscience, Inc., LGC Biosearch Technologies, Integrated DNA Technologies, Inc., Eurofins Scientific, IBA GmbH, and Bioneer Corporation.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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