Factors that are responsible for the growth of this market include increasing R&D in the field of genomics and next-generation sequencing, increased government funding toward genomics, and increasing demand for personalised medicine. As personalised medicine aims to provide tailor-made therapies to individual patients, depending on the molecular basis of disease, it has become popular over the recent years. Healthcare technology, genomics, connected devices, big data analytics, and artificial intelligence are generating vast amounts of health data and insights.
Seattle, WA -- (SBWIRE) -- 12/04/2019 -- Gene Synthesis refers to chemically synthesising a strand of DNA base-by-base. Unlike DNA replication that occurs in cells or by Polymerase Chain Reaction (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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Scope of the Report:
This report focuses on the Gene Synthesis in Global market, to split the market based on manufacturers, Regions type and application.
The rising numbers of start-up companies and increase in investments & funds for gene synthesis are the few factors that are expected to fuel the growth of global gene synthesis market. However, the lack of skilled professionals and long approval processes can be the restraint for the market in the forecast period. On the other hand, the increasing usage of gene synthesis in personalised medicine act like trend for the global gene synthesis market.
In the gene synthesis market, the services segment is expected to the fastest growing segment in the forecast period, by product & services. The services under gene synthesis such as DNA isolation, library preparation, sequencing, data analysis and biological interpretation of the results in a proper and easily read format. Various companies offer the services such as, Novogene provides the broad range of gene synthesis services for the wide range of sample types.
The academic & research institutes segment held the largest share of the gene synthesis market, by end user. The academic & research institutes are getting funds from the various organisations for betterment of gene synthesis. Additionally, many of the organisations have formed due to the partnerships between various organisations and universities for research in the transformation of scientific technologies to make the life-saving treatments for patients. TrinSeq, the Trinity Genome Sequencing Laboratory, present in Trinity Translational Medicine Institute (TTMI), Trinity College Dublin.
The gene synthesis market was estimated through extensive primary and secondary sources that included a vast array of government authorised websites such as World Health Organisation (WHO), National Institutes of Health (NIH), Research & Development (R&D), United Nations (UN), National Institute of Health (NIH) and others.
Key Players: Genescript, GeneArt (Thermofischer), IDT, DNA 2.0 (ATUM), OriGene, BBI, Genewiz, Eurofins Genomics, Gene Oracle, SBS Genetech, Bio Basic
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