Pune, India -- (SBWire) -- 02/22/2019 --The unexpected is happening in the Gene Synthesis market in the terms of CAGR levels at the forecast period of 2019-2026 and that is changing all the perspective for the In Vitro Diagnostics industry.
Global Gene Synthesis Market is set to rise from its initial estimated value of USD 3,542.49 million in 2018 to an estimated value of USD 19,295.56 million in 2026, registering a CAGR of 23.60% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in numbers of start-ups dealing with gene synthesis and growth in gene synthesis investments & funds.
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Key Market Competitors:
Few of the major competitors currently working in the gene synthesis market are Thermo Fisher Scientific, Inc., Genewiz, Eurofins Scientific, ATD Bio Ltd., OriGene Technologies, Inc., Bioneer Corporation, Atum, Integrated DNA Technologies, Inc., GenScript, Eurogentec, Twist Bioscience., BioCat GmbH, LGC Biosearch Technologies, Eton Bioscience, Inc., Quintara Biosciences, Bio Basic Inc., SBS Genetech Co., Ltd., Merck KGaA among others
Key Developments in the Market:
- In June 2018, Thermo Fisher Scientific Launched Ion AmpliSeq HD Technology. It will help clinical researchers with the flexibility to custom design gene panels without sacrificing the ultra-high sensitivity required to find low-frequency variants in cell-free DNA (cfDNA) and highly heterogeneous solid tumor samples.
- In September 2016, GenScript, announced the launch of their most versatile CRISPR service – synthetic CRISPR RNAs (crRNA).This new product will help the gene-editing to be used in many more research applications.
Competitive Analysis:
Global gene synthesis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gene synthesis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Segmentation: Global Gene Synthesis Market
- By Products & Services
1. Consumables
2. Software
3. Services Market
- Application
1. Diagnostics
2. Therapeutics
3. Research & Developmental Activities
4. Other Applications
- Method
1. Solid Phase Synthesis
2. Chip based DNA synthesis
3. PCR based enzyme synthesis
- End-User
1. Academic & Research Institutes Market
2. Diagnostic Laboratories Market
3. Biotech & Pharmaceutical Companies Market
4. Others Market
- Geography
1. North America
2. Europe
3. Asia-Pacific
4. Middle East and Africa
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Gene Synthesis Market Is Anticipated to Grow at a CAGR of +23.60% by 2026: Thermo Fisher Scientific, GENEWIZ, Eurofins, ATDBio, OriGene Technologies, ATUM, Merck KGaA
Global gene synthesis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of gene synthesis market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.