PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1311095
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1311095
Global DNA Synthesis Market is valued at approximately USD 2.89 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 19.63 % over the forecast period 2023-2030. The DNA Synthesis Market refers to the global market segment encompassing the production and commercialization of synthetic DNA molecules through chemical synthesis methods, enabling researchers and biotechnology companies to create custom-designed DNA sequences for various applications in life sciences, genetic engineering, and synthetic biology. By synthesizing DNA, scientists can create unique genetic sequences for a wide range of purposes, advancing and understanding about genetics and enabling innovative solutions in various fields. The DNA Synthesis Market is being driven by factors such as rapid technological advancements in the field of synthetic biology and rising investments in research & development (R&D) activities.
The Synthetic biology, a field that combines engineering principles with biology, heavily relies on DNA synthesis to design and construct novel biological systems. According to a study performed by the University of New York, in June 2022, successfully created an artificial Hox gene that is intended to plan and re-direct the cells for the development of tissues, organelle, or organs using novel synthetic nucleotide technology and genomic engineering expertise in stem cells. Along with that emerging advancements in genetic engineering have opened up new ventures for the appropriate engineering of biological systems. DNA writers are essentially genetically encoded devices used for targeted and recurring alterations of nucleotides in living cells. Thus, increasing technological advancement in the field and increasing R&D activities in the field fuel the growth of the market. In addition, advancements in gene editing and genetic engineering and growing demand for synthetic biology create lucrative opportunities for the market. However, the Stringent Government Regulations & Guidelines hinder market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global DNA Synthesis Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the numerous research initiatives in the region for emerging advancements in biotechnology including the rapid development of therapeutics and vaccines. Asia Pacific is considered the fastest growing region during the forecasted period due to increase in research activities for biological research and drug discovery is boosting the demand for a consistent supply of synthetic nucleotides for utility in research exercises.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable