South Korea Gene Synthesis Market Size & Outlook, 2022-2030
South Korea gene synthesis market, 2018-2030 (US$M)
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South Korea gene synthesis market highlights
- The South Korea gene synthesis market generated a revenue of USD 39.8 million in 2022 and is expected to reach USD 147.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.7% 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 39.8 million |
| Market revenue in 2030 | USD 147.0 million |
| Growth rate | 17.7% (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, South Korea accounted for 2.3% 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 |
|---|
South Korea 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 35.93% in 2022. Horizon Databook has segmented the South Korea 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.
South Korea is one of the emerging markets for gene synthesis in Asia Pacific region. With growing popularity of genetic testing, genomic research, and precision medicine, the South Korean market for gene synthesis is anticipated to witness significant growth over the forecast period.
In November 2018, meeting of Asian Synthetic Biology Association (ASBA) was held in Republic of Korea. It focused on the recent developments in the synthetic biology field. Such conferences are expected to increase awareness and adoption of new gene synthesis tools and technologies in the market.
Furthermore, in April 2018, Twist Bioscience Corporation expanded its presence in South Korea with strategic distribution agreements with a local company. DNA Link Inc.’s subsidiary—LnCBio Inc.—was selected as the distributor for Twist Bioscience’s synthetic DNA products.
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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 country-level data and insights on the South Korea gene synthesis market, including forecasts for subscribers. This country databook contains high-level insights into South Korea gene synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea gene synthesis market report size, by method, 2018-2030 (US$M)
South Korea Gene Synthesis Market Share, 2022 & 2030 (US$M)
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