The global DNA synthesis market size is expected to reach USD 12.15 billion by 2030, according to a new study by Polaris Market Research. The report “DNA Synthesis Market Share, Size, Trends, Industry Analysis Report, By Application (Research and Development, Academic, Industrial, Diagnosis, Therapeutics); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global increase in instances of DNA synthesis may be responsible for the market's optimistic growth potential. The main factors driving the industry are driving the growth of the life sciences, the demand for more effective synthesizers in life science labs, and the rising significance of DNA synthesis in molecular biology and synthetic biology.
During the projected period, the number of R&D programs for developing new pharmaceuticals is expected to rise, as is the number of significant companies concentrating on introducing new products and extending their product lines. The number of pharmaceutical and life science firms concentrating on research studies is anticipated to increase exponentially, as are their R&D expenditures and the demand for new therapeutic options for conditions with rare diseases. All of these factors are expected to benefit the global industry.
DNA synthesis is the process through which nucleic acid strands are naturally formed by DNA replication. They are artificially manufactured in the lab using genetic engineering and enzyme chemistry for various uses, including medicines, diagnostics, and academic and industrial research. These applications have become more well-liked since DNA synthesis was recently used. When it comes to price per base pair, error rates, lengths, throughput, and other factors, individual companies' DNA synthesis services are very different from one another few examples are synthetic biology, immunology, cancer research, infectious disease, agricultural science, food science, and the discovery of antibodies. These sectors will propel the market throughout the anticipated time frame.
The desire for solutions that provide error-free gene sequences in a shorter time has increased as gene therapy has become more widely used. It increases the body's capacity, aiding in the battle against sickness. DNA synthesis is essential to prevent DNA alterations that can result in oncological illnesses like cancer. The condition of accelerated aging has increased the necessity for DNA synthesis. In March 2021, Aldevron intended to enlarge its Madison manufacturing site. At this new facility, the corporation is stepping up manufacture of novel therapeutics and products for gene synthesis, among other things. As a result of this expansion, the company has grown the scope and scale of its projects as well as the manufacturing of its products.
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The COVID-19 pandemic has significantly impacted the global market for gene synthesis. During the pandemic, there was an increase in scientific research across the globe, which drove up demand for gene synthesis. Gene synthesis has thus been widely used in scientific research, which has significantly increased market revenue. Coronavirus has therefore contributed to the market's expansion in a beneficial way. During the forecast period, growing demand for gene synthesis in clinical testing and healthcare is anticipated to propel market expansion.
Additionally, a considerable increase in the number of elderly individuals and the rising incidence of chronic diseases among people worldwide are predicted to provide the market with tremendous growth potential over the course of the projection period.
DNA Synthesis Market Report Highlights
Polaris Market Research has segmented the DNA synthesis market report based on application and region:
DNA Synthesis, Application Outlook (Revenue - USD Billion, 2018 - 2030)
DNA Synthesis, Regional Outlook (Revenue - USD Billion, 2018 - 2030)