Thailand Dna Synthesis Market Size & Outlook, 2023-2030
Thailand dna synthesis market, 2018-2030 (US$M)
Related Markets
Thailand dna synthesis market highlights
- The Thailand dna synthesis market generated a revenue of USD 27.7 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.2% 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 27.7 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 11.2% (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, Thailand accounted for 0.9% 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 Asia Pacific, China dna synthesis market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 863.2 million by 2030.
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DNA Synthesis Market Scope
DNA Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand 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 Thailand dna synthesis market based on oligonucleotide synthesis, gene synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments by the Thai government and the growing biotech market are responsible for the country becoming a hub for precision medicine & genomic projects. Some of the projects undertaken by the Thailand government are the Genomics Thailand Initiative launched in 2019, the National Biobank of Thailand (NBT) established in 2019, and the Southeast Asian genome-sequencing project.
Furthermore, the prevalence of cancer has increased in the country, accounting for 19% of the overall deaths, followed by 12% of deaths due to ischemic heart disease and 10% due to stroke.
Moreover, the growing incidence of infectious diseases, such as hepatitis, HIV, and leptospirosis, is expected to fuel the demand for DNA synthesis for proper diagnosis & treatment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand dna synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Thailand dna synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand dna synthesis market report size, by service type, 2018-2030 (US$M)
Thailand DNA Synthesis Market Share, 2023 & 2030 (US$M)
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