The Global DNA Synthesizer Market Size is valued at 220.35 million in 2022 and is predicted to reach 754.55 million by the year 2031 at a 14.8% CAGR during the forecast period for 2023-2031.
The DNA synthesizer market's growth is attributed to the increasing demand for efficient DNA synthesizers from life science laboratories, pharmaceutical and biotechnology companies. Advancements in genomics and life sciences and the rising importance of DNA synthesizers in synthetic and molecular biology are also driving market expansion. Furthermore, the demand for novel synthesis technologies, technological advancements, and the rise in demand for benchtop DNA synthesizers are significant factors contributing to the growth of the global market.
The increasing demand for innovative synthesis technologies and continuous technological improvements are driving the growth of the global market. These factors foster innovation and create fresh prospects for market participants. Enhancements in nucleic acid synthesis techniques have unlocked new possibilities, enabling the creation of DNA synthesizers that are more dependable and efficient. However, some institutions and researchers may be hesitant to adopt DNA synthesizers due to a lack of understanding of the technology, which hampers the market's potential for growth.
Additionally, growing market pressures and the continuous development of alternative efficient synthesis technologies are expected to expand the availability of affordable synthesizers. There is a notable increase in the demand for benchtop DNA synthesizers, mainly due to their potential to improve the speed and efficiency of research in academic and industrial laboratories. This trend will further boost the demand for benchtop solutions in the forecast period. As a result, manufacturers are focusing on developing reliable benchtop systems to cater to this growing demand.
Competitive Landscape:
Some of the DNA Synthesizer market players are:
- Danaher
- Twist Bioscience
- Kilobase
- LGC Limited
- CSBio
- K&A Labs GmbH
- DNA Script
- Oligomer Apes
- Polygene GmbH
- Biolytic Lab Performance Inc
Market Segmentation:
The DNA synthesizer market is segmented based on type, application and end users. The market is segmented based on type as benchtop DNA synthesizers and large-scale DNA synthesizers. The market is segmented by application into drug discovery & development, genetic engineering, and clinical diagnostics. End users segment the market into academic & research institutes, pharmaceutical & biotechnology companies and clinical laboratories.
Based On Type, The Benchtop DNA Synthesizers Segment Is A Significant Contributor To The DNA Synthesizer Market
The Benchtop DNA Synthesizers category will hold a major share of the global market in 2022. The category is expected to increase due to rising R&D spending, rising need for bespoke DNA synthesis, and strong demand from a wide range of end users. Another element contributing to benchtop models' larger revenue share is their cost-effectiveness. Benchtop models are more practical for small businesses and research labs because they are smaller and less expensive than pilot-scale synthesizers. Additionally, these synthesizers are frequently employed in site-directed mutagenesis, gene cloning, and PCR mutagenesis. The demand for synthesizers is further fueled by recent developments in synthetic biology and genetics, new product introductions, and pro-synthesis legislation.
The Drug Discovery & Development Segment Witnessed Growth At A Rapid Rate
The drug discovery & development segment is projected to grow rapidly in the global DNA synthesizer market. The medication discovery and development area was the most profitable in 2022. technologies developments, increased high-throughput technologies, widespread use of DNA synthesizers in drug discovery, and numerous market players with strong product portfolios are anticipated to drive segment expansion. Another element promoting segment expansion is the increased need from pharmaceutical companies for sophisticated synthesis tools to boost productivity.
The North American, DNA Synthesizer Market Holds A Significant Revenue Share In The Region
The North American, DNA Synthesizer market is expected to register the highest market share. The main reason fueling the region's growth is the existence of a sizable number of market players and the numerous developments carried out by them. Technical improvements, significant R&D expenditures, and growing demand for cutting-edge synthesizers further support the regional market.
Additionally, market actors' investments in the area are increasing. In addition, Europe is projected to grow rapidly in the global DNA synthesizer market. This is due to the rise in interest in synthetic biology research and the expansion of R&D initiatives to create efficient treatments. Europe also has a high incidence of diseases due to lifestyle modifications. The development of the healthcare sector's infrastructure, the arrival of sizable biotechnology companies, and increased market participant investments are all anticipated to support the rise in demand for synthesizers.
DNA Synthesizer Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 220.35 Mn |
|
Revenue Forecast In 2031 |
USD 754.55 Mn |
|
Growth Rate CAGR |
CAGR of 14.8 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Type, Application And End Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
Danaher; Twist Bioscience; Kilobaser; LGC Limited; CSBio; K&A Labs GmbH; DNA Script; OligoMaker ApS; PolyGen GmbH; Biolytic Lab Performance Inc. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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