In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Gene Synthesis market for 2018-2023.
Gene synthesis refers to chemically synthesizing a strand of DNA base-by-base. Unlike DNA replication that occurs in cells or by Polymerase Chain ReactiAon PCR , gene synthesis does not require a template strand. Rather, gene synthesis involves the step-wise addition of nucleotides to a single-stranded molecule, which then serves as a template for creation of a complementary strand. Gene synthesis is the fundamental technology upon which the field of synthetic biology has been built.
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Genescript is the largest supplier of Gene Synthesis, with a sales market share nearly 30% in 2016. That is to say, Genescript is the most popular Gene Synthesis in global, and with most of the Gene Synthesis market share in global. Again, top 5 players dominated 74.3% global gene synthesis market share’ total, with most of which were USA companies.
Despite Genscript was ranked #1 in global gene synthesis market, other sophisticated companies in the US and Europe may enter into this sector through M&A on smaller competitors to Genscript or buying related business from other market. This will result in reshuffling of the biomedicine research services’ market, and that Genscript may loss its market share.
The global average gross margin of Gene Synthesis is in the decreasing trend, from 67.3%in 2012 to 50.6% in 2017. With the situation of global economy, gross margin will be in decreasing trend in the following five years.
Over the next five years, Planet Market Reports projects that Gene Synthesis will register a 15.0% CAGR in terms of revenue, reach US$ 460 million by 2023, from US$ 200 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Gene Synthesis market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
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This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
DNA 2.0 ATUM
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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