Asia Pacific Gene Synthesis Market Size & Outlook
Asia Pacific gene synthesis market, 2018-2030 (US$M)
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Asia Pacific gene synthesis market highlights
- The Asia Pacific gene synthesis market generated a revenue of USD 617.0 million in 2022.
- The market is expected to grow at a CAGR of 16.4% from 2023 to 2030.
- In terms of segment, solid-phase synthesis was the largest revenue generating method in 2022.
- PCR-based Enzyme Synthesis is the most lucrative method segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 617.0 million |
| Market revenue in 2030 | USD 2,084.1 million |
| Growth rate | 16.4% (CAGR from 2022 to 2030) |
| Largest segment | Solid-phase synthesis |
| Fastest growing segment | PCR-based Enzyme Synthesis |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid-phase Synthesis, Chip-based Synthesis, PCR-based Enzyme Synthesis |
| Key market players worldwide | Genscript Biotech Corp Class H, Brooks Automation, Twist Bioscience Corp, ProteoGenix, Biomatik Corporation, Thermo Fisher Scientific Inc, Integrated DNA Technologies, Origene Technologies |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.1% of the global gene synthesis market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,084.1 million by 2030.
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Gene Synthesis Market Scope
Gene Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific gene 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 gene synthesis market will help companies and investors design strategic landscapes.
Solid-phase synthesis was the largest segment with a revenue share of 35.96% in 2022. Horizon Databook has segmented the Asia Pacific gene synthesis market based on solid-phase synthesis, chip-based synthesis, pcr-based enzyme synthesis covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is a lucrative market for gene synthesis products and services owing to the increasing research activities for development of effective therapeutics, coupled with increasing interest in synthetic biology research.
In addition, there is growing incidence and prevalence of diseases due to lifestyle changes. Improving health care infrastructure, entry of large biotechnological organizations, and growing R&D activities are also expected to contribute to growth of the market.
In Asia, the market is witnessing increasing penetration by global DNA synthesis and sequencing companies, to capture the growing demand for synthetic biology-enabling tools in the region. For instance, In September 2020, Integrated DNA Technologies (IDT) opened a new business entity in China.
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Target buyers of Asia Pacific gene synthesis market databook
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Our clientele includes a mix of gene synthesis market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific gene synthesis market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific gene synthesis market report size, by country, 2018-2030 (US$M)
Asia Pacific Gene Synthesis Market Share, 2022 & 2030 (US$M)
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