From GlobeNewswire: 2024-11-21 07:59:00

The DNA Synthesizer Market was valued at USD 270.40 million in 2023 and is projected to reach USD 922.11 million by 2032, with a CAGR of 14.62% attributed to increasing demand for precise DNA synthesis in drug discovery, genetic engineering, and synthetic biology. Innovations in biotechnology and genomics are driving rapid growth in the DNA Synthesizer Market, with rising demand for high-quality and efficient DNA synthesis tools. Technological advances, including higher throughput and lower costs, are enhancing the supply of DNA synthesizers, leading to increased access for research labs, pharmaceutical companies, and academic institutions. The market is expected to see further growth due to increased investments in research and development by the healthcare, biotechnology, and pharmaceutical sectors. In 2023, the Drug Discovery & Development segment held the largest market share, while the Genetic Engineering segment is projected to be the fastest-growing segment with a CAGR of 18% during the forecast period. Benchtop DNA Synthesizers dominated the market in 2023, while Large-scale DNA Synthesizers are the fastest-growing segment with a CAGR of 15%. North America was the dominant region in the DNA Synthesizer Market, with the United States leading in market share and benefiting from significant investments in biotechnology and pharmaceutical research. Asia-Pacific is expected to have the highest growth rate, with rapid advancements in biotechnology and healthcare infrastructure contributing to market growth. In November 2024, Twist Bioscience Corp. collaborated with de novo designer Absci to focus on AI-driven antibody development, while DNA Script named Marc Montserrat as the CEO to lead commercial growth of its enzymatic DNA synthesis platform. Thomas Ybert, founder of the company, transitions to Chief Scientific Officer, highlighting a commitment to scientific discovery. Buy a Single-User PDF of DNA Synthesizer Market Analysis & Outlook Report 2024-2032 for valuable insights. SNS Insider is a top market research and consulting agency providing accurate market data and consumer insights to help clients make informed decisions confidently.



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