The DNA synthesis market is experiencing significant growth, driven by advancements in synthetic biology, increasing demand for personalized medicine, and the rising prevalence of genetic disorders.
In 2024, the global DNA synthesis market was valued at USD 4.56 billion. It is projected to expand from USD 5.19 billion in 2025 to USD 16.08 billion by 2032, reflecting a compound annual growth rate (CAGR) of 17.5% over the forecast period. North America led the market in 2024, accounting for a dominant share of 55.04%.
Top Companies in the Market
- Thermo Fisher Scientific Inc. (U.S.)
- Integrated DNA Technologies, Inc. (Danaher) (U.S.)
- Eurofins Scientific (Luxembourg)
- GenScript (U.S.)
- Azenta, Inc. (U.S.)
- LGC Limited (U.K.)
- Biomatik (Canada)
- Telesis Bio Inc. (U.S.)
- Twist Bioscience (U.S.)
- Bioneer Corporation (South Korea)
Key Industry Development
In November 2023, Twist Bioscience launched Twist Express Genes, a rapid gene synthesis service offering genes ranging from 0.3 to 5.0kb with an expedited shipping turnaround of five to seven business days. This service aims to accelerate research by providing high-quality, sequence-verified genes quickly.
Market Drivers & Restraints
Drivers
- Advancements in Synthetic Biology: Technological innovations have made DNA synthesis more efficient and cost-effective, facilitating research and development in various fields.
- Personalized Medicine: The growing emphasis on personalized treatment approaches has increased the demand for custom DNA sequences.
- Rising Prevalence of Genetic Disorders: An increase in genetic diseases has led to heightened research activities, boosting the DNA synthesis market.
Restraints
- Ethical and Regulatory Concerns: The manipulation of genetic material raises ethical questions and is subject to stringent regulations, potentially hindering market growth.
- High Costs: Despite technological advancements, the cost of DNA synthesis can still be prohibitive for some research institutions.
Market Report Coverage
The comprehensive report by Fortune Business Insights covers various aspects of the DNA synthesis market, including market size, growth trends, competitive landscape, and regional insights. It provides detailed analysis of different product types, applications, and end-users, offering valuable information for stakeholders.
Market Competitive Landscape
The DNA synthesis market is highly competitive, with key players focusing on strategic initiatives such as mergers, acquisitions, partnerships, and product launches to strengthen their market position. For instance, in August 2019, Eurofins Scientific acquired Blue Heron Biotech to expand its gene synthesis capabilities.
Market Segments
By Product & Service
- Products
- Instruments
- Reagents & Consumables
- Services
By Type
- Oligonucleotide Synthesis
- Gene Synthesis
Explore the full research report with detailed insights and TOC: https://www.fortunebusinessinsights.com/dna-synthesis-market-109799
By Application
- Diagnostics
- Infectious Diseases
- Cancer
- Others
- Therapeutics
- Gene Therapy
- Preventive Medicine
- Research & Development
- Cloning and Gene Editing
- Drug Discovery & Development
By End-user
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations (CROs) & Contract Development And Manufacturing Organizations (CDMOs)
Market Regional Insights
North America: Dominated the market in 2024 with a share of 55.04%, attributed to the presence of major companies and well-established research infrastructure.
Europe: Held a significant market share, driven by clinical research funding and technological innovations in genomics.
Asia Pacific: Projected to expand at the highest CAGR during the forecast period, due to increasing clinical trials and demand for sophisticated data analysis tools.
Future Market Scope
The DNA synthesis market is poised for continued growth, with opportunities arising from the integration of digital technologies, expansion into emerging markets, and the development of innovative bioinformatics solutions. Addressing data management challenges and ethical concerns will be crucial for sustained market expansion.
Frequently Asked Questions (FAQ’s)
- What is the market size of DNA Synthesis Market?
- What factors are driving DNA Synthesis Market growth in North America?
- Who are the major players in the DNA Synthesis Market?
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