Spain Dna Synthesis Market Size & Outlook, 2023-2030
Spain dna synthesis market, 2018-2030 (US$M)
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Spain dna synthesis market highlights
- The Spain dna synthesis market generated a revenue of USD 63.0 million in 2023 and is expected to reach USD 139.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 12% 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 63.0 million |
| Market revenue in 2030 | USD 139.3 million |
| Growth rate | 12% (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, Spain accounted for 2.0% 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 |
|---|
Spain 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 55.56% in 2023. Horizon Databook has segmented the Spain dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives promoting biotechnology and healthcare innovation in Spain are expected to contribute to a favorable environment for the DNA synthesis market. Spain has become an attractive and competitive market for DNA synthesis.
For instance, in September 2020, the Spanish government allocated USD 29.5 million for precision & genomic medicine and data science. This investment aims to enhance the capacity of the regional health system and use scientific knowledge as a tool to embrace economic competitiveness by contributing to innovation.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Spain dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain dna synthesis market report size, by service type, 2018-2030 (US$M)
Spain DNA Synthesis Market Share, 2023 & 2030 (US$M)
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