18-Jan-2021 | Zion Market Research
As per researchers at Zion Market Research, the global Whole Genome Synthesis market is predicted to develop from USD 1.93 billion in 2019 to USD 8.53 billion in 2026, growing at a CAGR of over 25.6% during the period from 2020–2026. With the completion of human genome project in 2003 resulting in successful mapping of all genes of human beings has helped the whole genome synthesis market gain traction in the recent years. Moreover, a paradigm shift has been witnessed in the biotechnology domain due to launching of high throughput sequencing methods, computational techniques, and long read sequencing, thereby further augmenting the growth of whole genome synthesis industry. Furthermore, whole genome synthesis of an organism has assisted the researchers in gaining the insights and information about the organism, its creation, and genetic makeup. This has further added to the popularity of the genome synthesis across the globe.
Nanotechnology To Favorably Leverage Growth Of Whole Genome Synthesis Market By 2026
The exponential growth of the whole genome synthesis market over the forecast timeframe can be attributed to the onset of nanotechnology along with its slew of applications in biotechnology and gene engineering activities. Nanotechnology has helped the researchers in gaining massive knowhow of human genome and its expressions, thereby facilitating the detection of the diseases in humans caused as a result of abnormalities in cell or tissue molecules. This, in turn, will enlarge the scope of whole genome synthesis industry over the years ahead. Furthermore, nanotechnology also helps in researching the DNA material of the patient for determining the gene expression in the humans and this is likely to boost the market penetration across the globe.
Biotechnology Segment To Dominate Application Landscape By 2026
The dominance of the biotechnology segment over the forecast timeframe is credited to massive research in the genomics as well as genome synthesis for detecting the gene or its mutation responsible for causing disease in the humans. This has assisted the researchers in focusing on production of effective medicine that can suppress the gene expression for the disease. Launching of new biotechnological methods in farming activities is also likely to result in huge yield of genetically modified crops ant this will help in satisfying the food problems of the rapidly surging global population. This will further prompt the growth of biotechnology sector in the forthcoming years.
North America To Establish Dominant Market Position Over 2020-2026
The expansion of the whole genome synthesis market in North American sub-continent can be ascribed to massive number of ongoing research activities related to synthesizing of genome of various living organisms carried out at labs and educational intuitions such as John Hopkins University. Additionally, large-scale funding of whole genome synthesis research activities by major biotech, healthcare, and pharma firms in the countries such as Canada and the U.S. will further contribute to regional market size in the ensuing years.
Key participants profiled in the report include Twist Bioscience, J. Craig Venter Institute, Integrated DNA Technologies, Ansa Biotechnologies, and Icon Genetics.
Browse the full “Whole Genome Synthesis Market - By Application (Chemical & Specialty Chemical, Biotechnology, Pharmaceutical, And Farming Sector) And By Region¬–Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2026.” Report at https://www.zionmarketresearch.com/report/whole-genome-synthesis-market
The global Whole Genome Synthesis market is segmented as follows:
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