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Gene Synthesis Market is estimated to surpass a valuation of US$ 2,257 Million by the end of 2029

February 23rd, 2022 Future Market Insights Releases

The global Gene Synthesis Market is estimated to surpass a valuation of US$ 2,257 Mn by the end of 2029. Increasing gene synthesis usage across applications such as medical diagnostics and development of novel therapeutics is expected to favor the growth in the market.

The demand in the global gene synthesis market is anticipated to top US$ 643.2 Mn by 2022, expanding at a staggering CAGR of 19.6% over the forecast period 2022-2029.

Under the service category, gene synthesis services are projected to lead the way, accounting for nearly 3/4th of the sales between 2022 and 2029. FMI states that the research and development segment is estimated to account for a leading share of more than 40.7% among the application vertical by 2022.

Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-5924

Attribute Details
Gene Synthesis Market Estimated Size in 2022 US$ 643.2 Mn
Gene Synthesis Market Projected Size in 2029 US$ 2,257 Mn
Gene Synthesis Market Historical CAGR (2014-2021) 17.9%
Gene Synthesis Market Value-based CAGR (2022-2029) 19.6%

In recent years, gene synthesis services have gained increased attention of researchers due to custom service offerings with cost-effective pricing and quality. Custom services help in reducing error and unwanted genes, which ultimately saves the time of researchers. Key service players operating in the market offer a wide range of service offerings, such as standard gene synthesis, express gene synthesis (provide gene synthesis service within 3-4 business days), custom gene services, and complex gene services (provide service for project requirement). With an array of applications, gene synthesis services cater to numerous R&D activities, diagnostics, and therapeutics.

As such, there has been an increasing demand for gene synthesis services across the world.  FMI – a well-established name in the market research domain – forecasts that, the gene synthesis market will experience a major upturn post 2025, crossing a valuation of US$ 1 Bn in the same year.

For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-5924

Key Takeaways of Gene Synthesis Market Study

  • In terms of service, the gene services segment is expected to contribute more than 45% of revenue share to the global gene synthesis market.
  • Owing to low service cost and demand, standard gene synthesis is the most preferred choice among costumers.
  • Research and development activities dominate the market, by application, as researchers mostly prefer gene synthesis services over other services for their projects.
  • In terms of end user, academic and research institutes are expected to collectively hold more than 50% market share in the gene synthesis market over the forecast period of 2021 to 2029.
  • North America is the highest revenue generating market by region, due to well-established and sophisticated service laboratories. However, East Asia is expected to offer more lucrative opportunities, owing to increasing healthcare programs that fund genomic research.

Acquisition – Key Strategy Followed by Leading Manufacturers

Leading manufacturers in the gene synthesis market are focusing on the regional acquisition strategy to enhance their product portfolio and expand their regional presence. For instance, in August 2021, Eurofins Scientific expanded its gene synthesis capabilities with the acquisition of Blue Heron Biotech. In January 2022, Eurofins also expanded its footprint in Asia with the acquisition of Tsing Hua in Taiwan.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5924

Explore FMI’s Extensive ongoing Coverage on Healthcare Domain 

Bone Morphogenetic Protein Market – Bone morphogenetic protein (BMPs) is the group of growth factors that belong to beta super family (TGF beta). These proteins are naturally occurring proteins. The family of this protein is involved in various cellular responses.

Molecular Cytogenetics Market – Molecular cytogenetics comprises of molecular biology and cytogenetics. Cytogenetics refers to the study of chromosomes and molecular cytogenetics further involves the analysis of genetic variations or alterations through in-situ hybridization techniques.

Preimplantation Genetic Testing Market – Preimplantation genetic testing or preimplantation genetic diagnosis is a technique in which the embryos prepared through in vitro fertilization are tested for defects before implantation.

Point-Of-Care Genetic Testing Market – Point-of-Care testing is defined as the clinical testing performed at or near the site where clinical care is being given to the patient. It can be performed by patients itself or any personnel.

Cytogenetic Systems Market – Cytogenetics is a branch of genetics dealing with the study of number and structure of human and animal chromosomes. It offers various applications in terms of diagnosis and treatment of diseases such as cancer and genetic disorders such as Down syndrome and Cri du Chat syndrome.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Website: https://www.futuremarketinsights.com/

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