Italy Gene Synthesis Market Size & Outlook, 2022-2030
Italy gene synthesis market, 2018-2030 (US$M)
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Italy gene synthesis market highlights
- The Italy gene synthesis market generated a revenue of USD 25.1 million in 2022 and is expected to reach USD 64.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 12.6% 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 25.1 million |
| Market revenue in 2030 | USD 64.9 million |
| Growth rate | 12.6% (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, Italy accounted for 1.4% 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 Europe, Germany gene synthesis market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 210.9 million by 2030.
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Gene Synthesis Market Scope
Gene Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 35.86% in 2022. Horizon Databook has segmented the Italy 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.
In Italy, the biotechnology industry has witnessed rapid growth in the last few years, which is anticipated to continue in the near future. Many start-ups are focusing on the Italian market and have made efforts to enter this country.
According to Assiobiotech, the Italian biotech trade association, out of the 375 innovative therapies under development in 2020, 131 were in the discovery phase, 73 in the trial, and 171 in the pretrial process. This is expected to positively impact the market growth.
Furthermore, the COVID-19 outbreak has acted as a high impact driver for the market. Several research institutes are involved in conducting studies to understand the genome of the virus and the development of therapies & vaccines.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy gene synthesis market, including forecasts for subscribers. This country databook contains high-level insights into Italy gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy gene synthesis market report size, by method, 2018-2030 (US$M)
Italy Gene Synthesis Market Share, 2022 & 2030 (US$M)
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