DUBLIN--(
BUSINESS WIRE
)--The
"Global Enzymatic DNA Synthesis Market: Analysis By Product Type (DNA Library Synthesis and Custom DNA Synthesis), By Technology, By Application, By End User, By Region, Size, Trends and Forecast to 2028"
report has been added to
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offering.
The latest industry analysis on the global enzymatic DNA synthesis market projects a robust growth trend as the sector witnesses high demand fueled by breakthroughs in synthetic biology, genetic engineering, and therapeutic applications.
According to the report, the market, which stood at US$253.42 million in 2022, is forecasted to reach US$2.11 billion by 2028, expanding at an impressive compound annual growth rate (CAGR) of 42.43% during the period from 2023 to 2028.
The research provides a detailed segmentation of the market, offering insightful data on various product types, technologies, applications, and end-users. Within the product type realm, the
DNA Library Synthesis
segment commands a significant share, underscoring its integral role in genomics and proteomics research, while the
Custom DNA Synthesis
sector also exhibits substantial growth potential.
In terms of technology,
Polymerase Chain Reaction (PCR)
technology remains a cornerstone, supporting a multitude of applications, from DNA manipulation to molecular diagnostics. Meanwhile, emerging technologies such as CRISPR and
cell-free synthetic biology
are identified as disruptive trends shaping the market considerably.
The application of enzymatic DNA synthesis in
synthetic biology
dominates the market, propelled by innovative developments in the fabrication of synthetic genes and organisms. The report elucidates that therapeutic antibodies, genetic engineering, and vaccine design are pivotal applications driving demand in this innovative market.
Regional Insights
Geographically, North America leads the market, showcasing a robust infrastructure and extensive research initiatives. Yet, it is the Asia Pacific region that is forecasted to emerge as the fastest-growing market in the coming years, attributed to increased investments in genomic research, personalized medicine, and burgeoning scientific endeavors across academic and research institutions in the region.
Market Dynamics and Future Growth Engines
Rising prevalence of genetic disorders
– As the understanding of genetic diseases expands, demand escalates for novel DNA-based diagnostic and therapeutic strategies.
Technological advancements
– With continuous enhancements in enzymes and synthetic methods, enzymatic DNA synthesis is increasingly capable of delivering high precision and customization.
Synthetic biology applications
– Adoption of enzymatic synthesis in crafting biological systems fuels the growth of this scientific field, offering potent growth prospects for the market.
CRISPR-Cas9 integration
– The incorporation of CRISPR-Cas9 in enzymatic DNA synthesis heralds a new era of precision in genetic manipulation, augmenting market expansion.
While the industry navigates challenges such as stringent regulations and complex operational procedures, the continuous innovation and the integration of CRISPR-Cas9 make it primed for overcoming these hurdles effectively.
Competitive Landscape and Key Industry Disruptors
The competitive landscape of the enzymatic DNA synthesis market is characterized by a blend of established players and emerging startups, each contributing novel solutions that redefine DNA synthesis capabilities. This competition is intensified by ongoing efforts in research and development, aimed at creating more sophisticated and efficient enzymes.
Key Players Profiled:
Telesis Bio Inc.
Twist Bioscience Corporation
GenScript Biotech Corp.
Evonetix
Ansa Biotechnologies, Inc.
Camena Bio
Molecular Assemblies
DNA Script
Touchlight
Kern Systems
These industry dynamics reveal a progressive market trajectory, with enzymatic DNA synthesis cementing itself as a cornerstone technology in the biotech landscape and a critical catalyst for future scientific advancements.
Key Attributes:
Report Attribute
Details
No. of Pages
157
Forecast Period
2022 - 2028
Estimated Market Value (USD) in 2022
$0.25 Billion
Forecasted Market Value (USD) by 2028
$2.11 Billion
Compound Annual Growth Rate
42.4%
Regions Covered
Global
For more information about this report visit
https://www.researchandmarkets.com/r/dvq8rd
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