Gene Synthesis Market: By Product Type (Consumables, Software, Services) By Gene Type (Standard Gene, Express Gene, Complex Gene, Others) By Application (Genetic Engineering, Pharmaceuticals and Vaccine Development, Others) By End User (Biopharmaceutical and Biotechnology Companies, Academic and Research Institutes, Contract Research Organizations) and Geography

Gene Synthesis Market size is valued at USD 1,604.9 million in 2022 and is poised to grow at a CAGR of 18.6% from 2023 to 2029. The global market provides a detailed overview of the market that can be segmented by product type, gene type, application, and end-user. By product type, this market has been segmented into consumables, software, and services. The consumables segment is likely to be the largest and fastest-growing segment in terms of product type. Based on gene type, this market is segmented into the standard gene, express gene, complex gene, and others.  Among these, the express gene segment is expected to have the fastest-growing market during the forecast period. Based on application, the gene synthesis market is segmented into genetic engineering, pharmaceuticals and vaccine development, and others. The genetic engineering segment accounts for the largest share. The pharmaceuticals and vaccine development segment has the second-largest share during the forecast period. Based on the end-user, the market has been segregated into biopharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations. The academic and research institutes segment is expected to dominate other segments in the gene synthesis market. The biopharmaceutical and biotechnology companies’ segments are expected to witness the highest CAGR during the forecast period.