China Gene Synthesis Market Size & Outlook, 2022-2030
China gene synthesis market, 2018-2030 (US$M)
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China gene synthesis market highlights
- The China gene synthesis market generated a revenue of USD 396.2 million in 2022 and is expected to reach USD 1,346.2 million by 2030.
- The China market is expected to grow at a CAGR of 16.5% 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.
Gene synthesis market data book summary
| Market revenue in 2022 | USD 396.2 million |
| Market revenue in 2030 | USD 1,346.2 million |
| Growth rate | 16.5% (CAGR from 2022 to 2030) |
| Largest segment | Solid-phase synthesis |
| Fastest growing segment | PCR-based Enzyme Synthesis |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 22.5% of the global gene synthesis market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gene synthesis market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 147.0 million by 2030.
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Gene Synthesis Market Scope
Gene Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 35.94% in 2022. Horizon Databook has segmented the China 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.
China holds tremendous opportunities for growth of the market owing to presence of more than one fifth of the world’s population in the country. Strong government support and various initiatives are factors that increase demand for DNA synthesis products & services.
Made in China 2025 is an overarching Chinese government strategy document that describes China’s strategy to become a powerhouse in various sectors, including biopharmaceuticals and other medical technologies.
Especially for biotechnology, the roadmap aims for licensing 3 to 5 innovative biotech drugs and their companion diagnostic reagents as well as commercialize 30 to 35 new drugs by 2025. The country is focused on accelerating the biotechnology industry, including the wide-scale development of personalized medicine & innovative drugs, broad use of genomics, and making gene & cell banks.
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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 country-level data and insights on the China gene synthesis market, including forecasts for subscribers. This country databook contains high-level insights into China gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China gene synthesis market report size, by method, 2018-2030 (US$M)
China Gene Synthesis Market Share, 2022 & 2030 (US$M)
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