Kuwait Dna Synthesis Market Size & Outlook, 2023-2030
Kuwait dna synthesis market, 2018-2030 (US$M)
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Kuwait dna synthesis market highlights
- The Kuwait dna synthesis market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 9.5 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 10.4% 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 4.7 million |
| Market revenue in 2030 | USD 9.5 million |
| Growth rate | 10.4% (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, Kuwait accounted for 0.2% 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 Middle East & Africa, Saudi Arabia dna synthesis market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 41.8 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait 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 55.32% in 2023. Horizon Databook has segmented the Kuwait dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
The growing prevalence of genetic disorders is expected to increase the demand for effective treatments, driving the DNA synthesis market growth in Kuwait. Oligonucleotide-based therapies have shown assurance in treating numerous genetic disorders, including those that were previously considered untreatable, such as spinal muscular atrophy.
As a result, there has been a significant increase in R&D activities to develop DNA-based therapies for genetic disorders. In addition, the rising incidence of cancer and viral infections has contributed to the DNA synthesis market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait dna synthesis market report size, by service type, 2018-2030 (US$M)
Kuwait DNA Synthesis Market Share, 2023 & 2030 (US$M)
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