Skip to main content

New FMI Report Explores Impact of COVID-19 Outbreak on Gene Synthesis Market

Major gene synthesis manufacturers are focusing on innovations in synthetic biology to meet key drug development requirements while keeping up with regulatory compliance.
The global gene synthesis market will expand at an exponential 20% CAGR through 2029. According to a new study by Future Market Insights (FMI), the market for gene synthesis is largely influenced by increasing applications in research institutes, clinical research organizations, and biopharmaceutical companies around the globe, for a variety of products and services.
"Higher demand for genome research and the recent importance given to genomic medicine has resulted in key players providing customized and efficient gene synthesis services," reveals the FMI report.
Key Research Findings
  • On the basis of services, gene services will account for more than 45% of the overall revenue share through the forecast period.
  • Standard gene synthesis will remain a preferred variant through the forecast period among consumers driven by low service costs.
  • Research and development activities at academic and research institutes, will lead the market in terms of end-user applications, accounting for more than 50% of market share.
  • Gains of the global gene synthesis market will remain largely concentrated in North America.
  • The East Asia Market will display lucrative opportunities, driven by healthcare programs through the forecast period.
Key Growth Drivers
  • Strong activity taking place in the emerging field of synthetic biology plays a major role in the growth of market.
  • Widespread use of gene synthesis services for multiple drug development applications to add to the global footprint of players.
  • Extensive use of molecular applications for higher service quality and customer loyalty is a major factor contributing to market growth.
  • The development of genomic based studies for noble therapeutic applications will drive adoption.
Key Impediments
  • The gene synthesis market is facing increasing challenges owing to price reductions, and tech restraints associated with the highly competitive market landscape.
Explore the complete gene synthesis market report with 93 illustrative figures, 43 data tables, and the table of contents. Also, find a detailed market segmentation on https://www.futuremarketinsights.com/covid19/rep-gb-5924
Competition Structure Analysis - Gene Synthesis Market
The competition landscape of gene synthesis market remains Highly consolidated. Key players are also investing in strengthening service infrastructure, to keep up with the needs of commercialization. Players are also focusing their efforts towards emerging economies including India, Mexico, and Brazil.
Some of the key players in the gene synthesis market include, but are not limited to Thermo Fisher Scientific Inc., GenScript Biotech Corporation, and Eurofins Scientific, among others.
Explore Future Market Insights' detailed coverage on,
Home Sleep Screening Devices Market- This research report provides an exhaustive range of insights which identify revenue sectors, essential strategies, and major growth opportunities, associated with home sleep screening devices.
Amniotic Membrane Market- This report includes a detailed analysis on competitive scenarios, and essential information on major players in the amniotic membrane market.
Allergy Diagnostics Market- This write up encompasses detailed secondary research, which is used to estimate key industry players, overall size of the allergy diagnostics market, and relevant industry associations.
Gain access to Market Ngage, an AI-powered, real-time business intelligence platform that goes beyond the conventional research solutions to solve the complex strategy challenges that organizations face today.
About the Report
This report offers global, regional, and national level analysis on the latest trends in the industry influencing the gene synthesis market. The study provides actionable insights on the gene synthesis market on the basis of service (gene synthesis services, gene fragments services, GMP gene services, and others), application (diagnostics, therapeutics, research & developmental activities, and others), and end user (academic & research institutes, biotechnology companies, pharmaceutical companies, and contract research organizations) across 30 countries spanning seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Press-Release Source – https://www.accesswire.com/583293/FMI-Highlights-RD-Activities-to-Take-12-of-Gene-Synthesis-Market-Value
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more