India Gene Synthesis Market Size & Outlook, 2022-2030
India gene synthesis market, 2018-2030 (US$M)
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India gene synthesis market highlights
- The India gene synthesis market generated a revenue of USD 65.6 million in 2022 and is expected to reach USD 231.8 million by 2030.
- The India market is expected to grow at a CAGR of 17.1% 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 65.6 million |
| Market revenue in 2030 | USD 231.8 million |
| Growth rate | 17.1% (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, India accounted for 3.7% 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 |
|---|
India 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 36.13% in 2022. Horizon Databook has segmented the India 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.
India possesses high growth potential in the gene synthesis market, owing to key market players introducing innovative products as well as undertaking various strategic initiatives for market expansion. For instance, in May 2020, Codex and Premas Life Sciences (PLS) introduced an automated gene synthesis platform in India.
The companies have signed a new sales distribution agreement for the distribution of Codex’s BioXP 3200 Platform in India. This fully automated platform can synthesize up to 32 libraries, genes, and clones in a single run.
A strong biotechnology base generates great opportunities for expansion of the gene synthesis market. India is among the top 12 destinations for biotechnology globally. The biotechnology industry includes more than 2,700 start-ups and more than 2,500 biotech organizations.
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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 India gene synthesis market, including forecasts for subscribers. This country databook contains high-level insights into India gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India gene synthesis market report size, by method, 2018-2030 (US$M)
India Gene Synthesis Market Share, 2022 & 2030 (US$M)
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