Italy Dna Synthesis Market Size & Outlook, 2023-2030
Italy dna synthesis market, 2018-2030 (US$M)
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Italy dna synthesis market highlights
- The Italy dna synthesis market generated a revenue of USD 77.7 million in 2023 and is expected to reach USD 191.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 13.8% 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 77.7 million |
| Market revenue in 2030 | USD 191.9 million |
| Growth rate | 13.8% (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, Italy accounted for 2.5% 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 |
|---|
Italy 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 55.6% in 2023. Horizon Databook has segmented the Italy dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
According to data published by the International Trade Administration (ITA), in 2020, the biotechnology sector is one of Italy's rapidly growing sectors, generating a turnover of over USD 12.3 billion. The same source stated that R&D investments in biotechnology sector involve 13,277 employees in biotech research.
In addition, key players in this market are adopting various strategies, which are expected to support market growth. For instance, in February 2022, Macrogen Europe BV opened the Milan Genome Center in Italy. This center is focused on oligo synthesis, microsatellite analysis, Sanger sequencing, and identification services.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Italy dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy dna synthesis market report size, by service type, 2018-2030 (US$M)
Italy DNA Synthesis Market Share, 2023 & 2030 (US$M)
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