Germany Dna Synthesis Market Size & Outlook, 2023-2030
Germany dna synthesis market, 2018-2030 (US$M)
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Germany dna synthesis market highlights
- The Germany dna synthesis market generated a revenue of USD 215.7 million in 2023 and is expected to reach USD 595.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 15.6% from 2024 to 2030.
- In terms of segment, oligonucleotide synthesis was the largest revenue generating service type in 2023.
- Gene Synthesis is the most lucrative service type segment registering the fastest growth during the forecast period.
Dna synthesis market data book summary
| Market revenue in 2023 | USD 215.7 million |
| Market revenue in 2030 | USD 595.4 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Oligonucleotide synthesis |
| Fastest growing segment | Gene Synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotide Synthesis, Gene Synthesis |
| Key market players worldwide | Thermo Fisher Scientific Inc, Twist Bioscience Corp, Codexis Inc, LGC Group, Eurofins Scientific SE, Genscript Biotech Corp Class H, Bioneer, IBA Lifesciences, Danaher Corp, Quintarabio |
Other key industry trends
- In terms of revenue, Germany accounted for 6.9% of the global dna synthesis market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany dna synthesis market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 502.8 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany dna synthesis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dna synthesis market will help companies and investors design strategic landscapes.
Oligonucleotide synthesis was the largest segment with a revenue share of 55.82% in 2023. Horizon Databook has segmented the Germany dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare system in Germany is considered strong & sufficiently financed, which is expected to increase the demand for advanced diagnostic and therapeutic technologies, including DNA. This includes applications in cancer diagnostics, personalized medicine, and gene therapy.
Moreover, Germany’s strong R&D landscape in these areas is expected to improve the adoption of innovative therapies. Germany is one of the global leaders in scientific research, with renowned institutions and multiple biotechnology companies actively developing oligonucleotide-based diagnostics, research tools, and novel therapeutics.
Furthermore, the government in Germany is actively promoting the development of biotechnology and healthcare infrastructure. Initiatives such as “Industrie 4.0” and grants for R&D empower domestic players and attract foreign investments, impacting the DNA synthesis market positively.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Germany dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany dna synthesis market report size, by service type, 2018-2030 (US$M)
Germany DNA Synthesis Market Share, 2023 & 2030 (US$M)
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