Europe Gene Synthesis Market Size & Outlook, 2022-2030
Europe gene synthesis market, 2018-2030 (US$M)
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Europe gene synthesis market highlights
- The Europe gene synthesis market generated a revenue of USD 348.4 million in 2022.
- The market is expected to grow at a CAGR of 15.8% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 348.4 million |
| Market revenue in 2030 | USD 1,126.7 million |
| Growth rate | 15.8% (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, Europe region accounted for 19.8% 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 |
|---|
Europe 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 36.05% in 2022. Horizon Databook has segmented the Europe 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.
The European market holds a substantial share in gene synthesis market. Wide applications of gene synthesis products and services are driving the regional market growth. Gene synthesis plays an important role in diagnosis of diseases and helps in drug discovery & several biotech research programs.
Hence, it is used in many pharmaceuticals as well as biotechnology companies. Several key players in the market provide products required for DNA manufacturing. Various companies are taking strategic initiatives to fulfill the growing market demand.
Growing adoption of gene therapy has accelerated the demand for rapid gene synthesis products to provide error-free gene sequences in a shorter timeframe, which, in turn, drives the market growth. However, presence of discrepancies in regulatory frameworks pertaining to clinical trials across Europe is expected to impede growth during the forecast period.
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Our clientele includes a mix of gene synthesis market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gene synthesis market, including forecasts for subscribers. This continent databook contains high-level insights into Europe gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe gene synthesis market report size, by country, 2018-2030 (US$M)
Europe Gene Synthesis Market Share, 2022 & 2030 (US$M)
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