GENE SYNTHESIS MARKET ANALYSIS

Regional Analysis

Regional Insights

Regional segmentation of gene synthesis market by Coherent Market Insights includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America gene synthesis market is expected to hold a dominant position over the forecast period, due to increased demand from biopharmaceutical companies and academic institutes, coupled with presence of large number of industry players with strong distribution channel. For instance, in 2016, Twist Bioscience, revenue increased with US$ 61 million for scale-up and commercial operation of its silicon chip-based high throughput low-cost gene synthesis platform. Increasing R&D expenditure by pharmaceutical and biotech companies for up gradation of technology and production output is expected to drive growth of gene synthesis market in Europe. For instance, according to European Commission 2016 report, EU companies have significantly raised their investment in R&D, rising above the world's average growth rate. Asia Pacific market is expected to exhibit the highest growth rate, owing to increasing investment by government and private organizations to support growth of synthetic biology. Japan is a leading Asian country in synthetic biology with more private companies participating in synthetic biology research.