Latin America Gene Synthesis Market Size & Outlook
Latin America gene synthesis market, 2018-2030 (US$M)
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Latin America gene synthesis market highlights
- The Latin America gene synthesis market generated a revenue of USD 81.0 million in 2022.
- The market is expected to grow at a CAGR of 15.6% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 81.0 million |
| Market revenue in 2030 | USD 258.2 million |
| Growth rate | 15.6% (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, Latin America region accounted for 4.6% 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 |
|---|
Latin America 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 Latin America 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.
Latin American market for gene synthesis is expected to grow due to increasing research activities and applications of biotechnological techniques in the healthcare domain. Brazil, Mexico, and Argentina have published more than 1,000 research papers on health biotechnology from 2001 to 2015, indicating increasing growth opportunities for the field.
Furthermore, more than 20% of the health biotechnology papers are published by entities from the government sector in these countries, which plays a crucial role in driving the market. For instance, science and technology organizations such as CONACYT in Mexico and CONICET in Argentina are providing research grants to government research centers, as well as promoting adoption of latest biotechnological applications.
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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 Latin America gene synthesis market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America gene synthesis market report size, by country, 2018-2030 (US$M)
Latin America Gene Synthesis Market Share, 2022 & 2030 (US$M)
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