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DNA Synthesizer Market Report Scope & Overview:

The DNA Synthesizer Market size was estimated USD 229.2 million in 2022 and is expected to reach USD 677.1 million by 2030 at a CAGR of 14.5% during the forecast period of 2023-2030. 

A DNA synthesizer is a sophisticated laboratory tool used to produce DNA strands artificially. It exploits solid-phase synthesis, which involves chemically combining nucleotides in a specific order. A computer-controlled platform comprising reagent reservoirs, a reaction chamber, and programmable syringe pumps comprise the synthesizer. The procedure starts with the attachment of a DNA molecule to a solid substrate, followed by the successive addition of nucleotides via regulated chemical processes.

DNA Synthesizer Market Revenue Analysis

MARKET DYNAMICS

DRIVERS

  • Adoption of Advanced Synthesis Methods

  • Increasing need for diagnostic services for a variety of disorders

During the forecast period, the growing requirement to identify various diseases drives the DNA synthesizer market growth. Nearly one in every ten Americans has Type 2 diabetes mellitus, with an estimated 30 million Americans suffering from undiagnosed or uncommon conditions. Accurate diagnosis is required for a better knowledge of the disease and its therapy, where DNA synthesizer actively operates and prevents people from spreading the disorder to future generations.

For example, Nutcracker Therapeutics, Inc., has reported NTX-250, an oncology mRNA therapy that can produce anti-tumor responses in murine tumor models and an immunological response in human HPV.

RESTRAIN 

  • Technical Complexity and Expertise Requirements

  • False detection risks

Many disorders, including Sickle cell anemia, cystic fibrosis, and Down syndrome, can be identified using DNA samples. DNA testing aids in the understanding of any mutations in chromosomes, genes, or proteins. When sequencing, the nucleotides cause incorrect detection of DNA strands, resulting in increased error rates and less output. The required performance needs to be improved. Some of the limitations of DNA sequencing include epigenetic factors, mosaic mutations, and mitochondrial genome mutations. Individual behavior and environment can modify the activity of the relevant genes, which are referred to as epigenetic factors. Such dangers linked with DNA sequencing function as a market restraint, limiting market expansion.

OPPORTUNITY 

  • Application of a DNA synthesizer in synthetic biology

The increased need for therapeutic genome editing and disease diagnostics is driving the market for additional DNA synthesizers. Synthetic biology encompasses DNA storage, molecular diagnostics, and biological medicine, which appears to increase the requirement for improved equipment capable of detecting DNA strands. Natural medicine is made from live organisms capable of detecting, preventing, and treating a variety of ailments. Vaccines, antibodies, therapeutic proteins, and other biological treatments are among the few. This drug is also expensive to buy because it contains chemical substances that are difficult to make.

For example, in May 2023, Cellular Biomedicine Group announced that they had jointly licensed and partnered with Janssen Biotech on the treatment of lymphoma using C-CAR066.

CHALLENGES

  • Cost of Instruments and Consumables

  • Limitations in Sequence Length and Complexity

  • Quality Control and Error Rates

Errors in DNA synthesis include sequence inconsistencies, inadequate synthesis, and post-synthesis alterations. Quality control measures are crucial to ensure the accuracy and reliability of synthesized DNA sequences. However, the need for rigorous quality control and the occurrence of errors can lead to additional time, costs, and potential setbacks in research and development projects.

IMPACT OF RUSSIAN UKRAINE WAR

The invasion had a significant and immediate impact on the Ukrainian pharmaceutical industry. Clinical trials, manufacturing, and research were halted immediately, as was all trade from within and beyond the state. Ukraine sponsors a huge number of clinical trials due to its willing patient population and cheaper business costs. According to Reuters, Ukraine accounted for over 100 of Roche and Merck's clinical trials; for Roche, this means that Ukraine "accounted for 1.5% of the active trial population across its global studies." According to clinicaltrials.gov, around 400 clinical trials were underway in Ukraine as of early April 2022. This invasion has had a significant influence on the clinical trial business; not only are clinical trial companies now striving to account for where their patients are in order to fulfill their duty of care to their patients. Furthermore, this will halt the development of new medications and therapeutic procedures.

KEY SEGMENTS

By Type

  • Benchtop DNA Synthesizers

  • Large-scale DNA Synthesizers

In 2022, benchtop DNA Synthesizers segment is expected to held the highest market share of 72.8% during the forecast period. Increased R&D expenditure, rising need for bespoke DNA synthesis, and strong demand from a diverse spectrum of end customers are expected to boost segment expansion. Furthermore, the cost effectiveness of benchtop models is another element contributing to its increased revenue share. Benchtop models are smaller and less expensive than pilot scale synthesizers, making them more accessible to small businesses and research laboratories. Furthermore, these synthesizers are often employed for PCR mutagenesis, gene cloning, and site guided mutagenesis. Recent advances in synthetic biology and genetics, as well as new product releases and favorable government laws, are increasing demand for synthesizers even further. For example, EVONETIX LTD stated in May 2022 that it had been granted a patent for thermally regulated DNA synthesis. The patented technology can synthesize nucleic acids in a tabletop synthesizer platform.

By Application

  • Drug Discovery & Development

  • Genetic Engineering

  • Clinical Diagnostics

In 2022, the drug discovery & development segment is expected to dominate the market growth of 48.5% during the forecast period. The widespread use of DNA synthesizers in drug discovery, technological improvements, increased adoption of high-throughput technologies, and the existence of a large number of market players with a diverse product portfolio are expected to drive segment expansion. Furthermore, increased demand from pharmaceutical companies for sophisticated synthesis tools to improve efficiency is another driver driving industry growth. Twist Bioscience, for example, announced plans in June 2022 to remove barriers to drug discovery using its DNA synthesis platform. This aided the company's ability to increase its drug development skills.

By End Use

  • Academic & Research Institutes

  • Pharmaceutical & Biotechnology Companies

  • Clinical Laboratories

DNA Synthesizer Market Segmentation Analysis

In 2022, the pharmaceutical & biotechnology companies segment is expected to dominate the market growth of 52.6% during the forecast period. The majority of pharmaceutical and biotech businesses use synthetic DNA in the development of innovative genetic therapies and in the drug discovery process. As a result of the growing need for precision medicine and novel therapeutic techniques, demand for synthesizers from biotechnology and pharmaceutical industries is expected to rise dramatically in the coming years. Furthermore, top market companies place a premium on development, and the introduction of novel platforms that promote synthesis is another driver driving segment expansion.

REGIONAL ANALYSES

North America held a significant market share of over 39.4% in 2022.  The existence of a significant number of market players, as well as their varied advances, is a key factor fueling the region's growth. Furthermore, technical improvements, strong R&D expenditure, and rising demand for novel synthesizers are driving the regional market. Furthermore, market actors' investments in the region are increasing. For example, Molecular Assemblies, Inc. secured USD 25.8 million in series B funding in March 2022 to launch a key client program for completely enzymatic DNA synthesis.

Asia-Pacific is witness to expand fastest CAGR rate of 16.1% during the forecast period. This is due to an increase in interest in synthetic biology research, as well as increased R&D activities for the development of effective treatments. Furthermore, APAC has a high prevalence of diseases caused by lifestyle changes. Improving healthcare infrastructure, the arrival of significant biotechnology firms, and rising investments by market players in this region are all likely to contribute to increased demand for synthesizers.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are Danaher, AstraZeneca, Twist Bioscience, Kilobaser, LGC Limited, CSBio, K&A Labs GmbH, DNA Script, Elegen, OligoMaker ApS, PolyGen GmbH, EVONETIX LTD, Biolytic Lab Performance Inc., and Others.

Danaher-Company Financial Analysis'

Company Landscape Analysis

RECENT DEVELOPMENT

  • Elegen, in March 2023, Elegen launched its ENFINIA DNA platform for rapid DNA synthesis, which may lead to the development of new synthesizers based on this technology in the near future.

  • AstraZeneca, in February 2023, AstraZeneca automated its DNA synthesis capabilities to save money and time. Additionally, according to Telesis Bio, automating DNA production helps speed up the drug discovery process. Furthermore, the company stated that through automation, pharmaceutical and biotech firms can leverage and increase their pipeline.

  • EVONETIX LTD, in May 2022, EVONETIX LTD announced the receipt of a patent for thermally regulated DNA synthesis.

  • DNA Script, in 2021, The SYNTAX System is the world's first benchtop nucleic acid printer driven by enzymatic DNA synthesis (EDS).

DNA Synthesizer Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 229.2 Million
Market Size by 2030  US$ 677.1 Million
CAGR   CAGR of 14.5 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Benchtop DNA Synthesizers, Large-scale DNA Synthesizers)
• By Application (Drug Discovery & Development, Genetic Engineering, Clinical Diagnostics)
• By End Use (Academic & Research Institutes, Pharmaceutical & Biotechnology Companies, Clinical Laboratories
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Danaher, AstraZeneca, Twist Bioscience, Kilobaser, LGC Limited, CSBio, K&A Labs GmbH, DNA Script, Elegen, OligoMaker ApS, PolyGen GmbH, EVONETIX LTD, Biolytic Lab Performance Inc.
Key Drivers • Adoption of Advanced Synthesis Methods
• Increasing need for diagnostic services for a variety of disorders
Market Opportunity • Application of a DNA synthesizer in synthetic biology

 

Frequently Asked Questions

Ans: benchtop DNA synthesizers segment is expected to held the highest market share of 72.8% in 2022.

Ans: DNA synthesizer Market is anticipated to expand by 14.5% from 2023 to 2030.

Ans: The growth rate of DNA synthesizer Market is expected to grow USD 677.1 million by 2030.

Ans: DNA synthesizer market size was valued at USD 229.2 million in 2022.

Ans: Technical Complexity and Expertise Requirements.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. DNA Synthesizer Market Segmentation, By Type
8.1 Benchtop DNA Synthesizers
8.2 Large-scale DNA Synthesizers

9. DNA Synthesizer Market Segmentation, By Application
9.1 Drug Discovery & Development
9.2 Genetic Engineering
9.3 Clinical Diagnostics

10. DNA Synthesizer Market Segmentation, By End Use
10.1 Academic & Research Institutes
10.2 Pharmaceutical & Biotechnology Companies
10.3 Clinical Laboratories

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America DNA Synthesizer Market by Country
11.2.2North America DNA Synthesizer Market by Type
11.2.3 North America DNA Synthesizer Market by Application
11.2.4 North America DNA Synthesizer Market by End Use
11.2.5 USA
11.2.5.1 USA DNA Synthesizer Market by Type
11.2.5.2 USA DNA Synthesizer Market by Application
11.2.5.3 USA DNA Synthesizer Market by End Use
11.2.6 Canada
11.2.6.1 Canada DNA Synthesizer Market by Type
11.2.6.2 Canada DNA Synthesizer Market by Application
11.2.6.3 Canada DNA Synthesizer Market by End Use
11.2.7 Mexico
11.2.7.1 Mexico DNA Synthesizer Market by Type
11.2.7.2 Mexico DNA Synthesizer Market by Application
11.2.7.3 Mexico DNA Synthesizer Market by End Use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe DNA Synthesizer Market by Country
11.3.1.2 Eastern Europe DNA Synthesizer Market by Type
11.3.1.3 Eastern Europe DNA Synthesizer Market by Application
11.3.1.4 Eastern Europe DNA Synthesizer Market by End Use
11.3.1.5 Poland
11.3.1.5.1 Poland DNA Synthesizer Market by Type
11.3.1.5.2 Poland DNA Synthesizer Market by Application
11.3.1.5.3 Poland DNA Synthesizer Market by End Use
11.3.1.6 Romania
11.3.1.6.1 Romania DNA Synthesizer Market by Type
11.3.1.6.2 Romania DNA Synthesizer Market by Application
11.3.1.6.4 Romania DNA Synthesizer Market by End Use
11.3.1.7 Turkey
11.3.1.7.1 Turkey DNA Synthesizer Market by Type
11.3.1.7.2 Turkey DNA Synthesizer Market by Application
11.3.1.7.3 Turkey DNA Synthesizer Market by End Use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe DNA Synthesizer Market by Type
11.3.1.8.2 Rest of Eastern Europe DNA Synthesizer Market by Application
11.3.1.8.3 Rest of Eastern Europe DNA Synthesizer Market by End Use
11.3.2 Western Europe
11.3.2.1 Western Europe DNA Synthesizer Market by Type
11.3.2.2 Western Europe DNA Synthesizer Market by Application
11.3.2.3 Western Europe DNA Synthesizer Market by End Use
11.3.2.4 Germany
11.3.2.4.1 Germany DNA Synthesizer Market by Type
11.3.2.4.2 Germany DNA Synthesizer Market by Application
11.3.2.4.3 Germany DNA Synthesizer Market by End Use
11.3.2.5 France
11.3.2.5.1 France DNA Synthesizer Market by Type
11.3.2.5.2 France DNA Synthesizer Market by Application
11.3.2.5.3 France DNA Synthesizer Market by End Use
11.3.2.6 UK
11.3.2.6.1 UK DNA Synthesizer Market by Type
11.3.2.6.2 UK DNA Synthesizer Market by Application
11.3.2.6.3 UK DNA Synthesizer Market by End Use
11.3.2.7 Italy
11.3.2.7.1 Italy DNA Synthesizer Market by Type
11.3.2.7.2 Italy DNA Synthesizer Market by Application
11.3.2.7.3 Italy DNA Synthesizer Market by End Use
11.3.2.8 Spain
11.3.2.8.1 Spain DNA Synthesizer Market by Type
11.3.2.8.2 Spain DNA Synthesizer Market by Application
11.3.2.8.3 Spain DNA Synthesizer Market by End Use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands DNA Synthesizer Market by Type
11.3.2.9.2 Netherlands DNA Synthesizer Market by Application
11.3.2.9.3 Netherlands DNA Synthesizer Market by End Use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland DNA Synthesizer Market by Type
11.3.2.10.2 Switzerland DNA Synthesizer Market by Application
11.3.2.10.3 Switzerland DNA Synthesizer Market by End Use
11.3.2.11.1 Austria
11.3.2.11.2 Austria DNA Synthesizer Market by Type
11.3.2.11.3 Austria DNA Synthesizer Market by Application
11.3.2.11.4 Austria DNA Synthesizer Market by End Use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe DNA Synthesizer Market by Type
11.3.2.12.2 Rest of Western Europe DNA Synthesizer Market by Application
11.3.2.12.3 Rest of Western Europe DNA Synthesizer Market by End Use
11.4 Asia-Pacific
11.4.1 Asia-Pacific DNA Synthesizer Market by Country
11.4.2 Asia-Pacific DNA Synthesizer Market by Type
11.4.3 Asia-Pacific DNA Synthesizer Market by Application
11.4.4 Asia-Pacific DNA Synthesizer Market by End Use
11.4.5 China
11.4.5.1 China DNA Synthesizer Market by Type
11.4.5.2 China DNA Synthesizer Market by End Use
11.4.5.3 China DNA Synthesizer Market by Application
11.4.6 India
11.4.6.1 India DNA Synthesizer Market by Type
11.4.6.2 India DNA Synthesizer Market by Application
11.4.6.3 India DNA Synthesizer Market by End Use
11.4.7 Japan
11.4.7.1 Japan DNA Synthesizer Market by Type
11.4.7.2 Japan DNA Synthesizer Market by Application
11.4.7.3 Japan DNA Synthesizer Market by End Use
11.4.8 South Korea
11.4.8.1 South Korea DNA Synthesizer Market by Type
11.4.8.2 South Korea DNA Synthesizer Market by Application
11.4.8.3 South Korea DNA Synthesizer Market by End Use
11.4.9 Vietnam
11.4.9.1 Vietnam DNA Synthesizer Market by Type
11.4.9.2 Vietnam DNA Synthesizer Market by Application
11.4.9.3 Vietnam DNA Synthesizer Market by End Use
11.4.10 Singapore
11.4.10.1 Singapore DNA Synthesizer Market by Type
11.4.10.2 Singapore DNA Synthesizer Market by Application
11.4.10.3 Singapore DNA Synthesizer Market by End Use
11.4.11 Australia
11.4.11.1 Australia DNA Synthesizer Market by Type
11.4.11.2 Australia DNA Synthesizer Market by Application
11.4.11.3 Australia DNA Synthesizer Market by End Use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific DNA Synthesizer Market by Type
11.4.12.2 Rest of Asia-Pacific DNA Synthesizer Market by Application
11.4.12.3 Rest of Asia-Pacific DNA Synthesizer Market by End Use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East DNA Synthesizer Market by Country
11.5.1.2 Middle East DNA Synthesizer Market by Type
11.5.1.3 Middle East DNA Synthesizer Market by Application
11.5.1.4 Middle East DNA Synthesizer Market by End Use
11.5.1.5 UAE
11.5.1.5.1 UAE DNA Synthesizer Market by Type
11.5.1.5.2 UAE DNA Synthesizer Market by Application
11.5.1.5.3 UAE DNA Synthesizer Market by End Use
11.5.1.6 Egypt
11.5.1.6.1 Egypt DNA Synthesizer Market by Type
11.5.1.6.2 Egypt DNA Synthesizer Market by Application
11.5.1.6.3 Egypt DNA Synthesizer Market by End Use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia DNA Synthesizer Market by Type
11.5.1.7.2 Saudi Arabia DNA Synthesizer Market by Application
11.5.1.7.3 Saudi Arabia DNA Synthesizer Market by End Use
11.5.1.8 Qatar
11.5.1.8.1 Qatar DNA Synthesizer Market by Type
11.5.1.8.2 Qatar DNA Synthesizer Market by Application
11.5.1.8.3 Qatar DNA Synthesizer Market by End Use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East DNA Synthesizer Market by Type
11.5.1.9.2 Rest of Middle East DNA Synthesizer Market by Application
11.5.1.9.3 Rest of Middle East DNA Synthesizer Market by End Use
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa DNA Synthesizer Market by Type
11.5.2.3 Africa DNA Synthesizer Market by Application
11.5.2.4 Africa DNA Synthesizer Market by End Use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria DNA Synthesizer Market by Type
11.5.2.5.2 Nigeria DNA Synthesizer Market by Application
11.5.2.5.3 Nigeria DNA Synthesizer Market by End Use
11.5.2.6 South Africa
11.5.2.6.1 South Africa DNA Synthesizer Market by Type
11.5.2.6.2 South Africa DNA Synthesizer Market by Application
11.5.2.6.3 South Africa DNA Synthesizer Market by End Use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa DNA Synthesizer Market by Type
11.5.2.7.2 Rest of Africa DNA Synthesizer Market by Application
11.5.2.7.3 Rest of Africa DNA Synthesizer Market by End Use
11.6 Latin America
11.6.1 Latin America DNA Synthesizer Market by Country
11.6.2 Latin America DNA Synthesizer Market by Type
11.6.3 Latin America DNA Synthesizer Market by Application
11.6.4 Latin America DNA Synthesizer Market by End Use
11.6.5 Brazil
11.6.5.1 Brazil DNA Synthesizer Market by Type
11.6.5.2 Brazil DNA Synthesizer Market by Application
11.6.5.3 Brazil DNA Synthesizer Market by End Use
11.6.6 Argentina
11.6.6.1 Argentina DNA Synthesizer Market by Type
11.6.6.2 Argentina DNA Synthesizer Market by Application
11.6.6.3 Argentina DNA Synthesizer Market by End Use
11.6.7 Colombia
11.6.7.1 Colombia DNA Synthesizer Market by Type
11.6.7.2 Colombia DNA Synthesizer Market by Application
11.6.7.3 Colombia DNA Synthesizer Market by End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America DNA Synthesizer Market by Type
11.6.8.2 Rest of Latin America DNA Synthesizer Market by Application
11.6.8.3 Rest of Latin America DNA Synthesizer Market by End Use

12 Company Profile
12.1 Danaher
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Product / Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 AstraZeneca
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Twist Bioscience
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Kilobaser
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 LGC Limited
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 CSBio
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 K&A Labs GmbH
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 DNA Script
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Elegen
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 OligoMaker ApS
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 PolyGen GmbH
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 EVONETIX LTD
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Biolytic Lab Performance Inc.
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Product/Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View

13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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