PUBLISHER: Grand View Research | PRODUCT CODE: 1529871
PUBLISHER: Grand View Research | PRODUCT CODE: 1529871
The global DNA and gene cloning services market size is anticipated to reach USD 6.82 billion by 2030, growing at a CAGR of 15.43% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising acceptance of gene therapy and advancements in DNA and gene cloning technology are factors expected to propel market growth. Moreover, the increasing demand for personalized medicine further drives market growth.
Gene cloning facilitates the development of personalized treatments by identifying specific genetic mutations responsible for diseases. By targeting these mutations through gene therapy, personalized medicine offers more effective and targeted treatment options. Integrating gene cloning technologies into personalized medicine is expected to drive further growth in the DNA and gene cloning services market. As research continues to uncover new genetic targets for therapy and diagnostics, the demand for advanced DNA cloning services will likely increase to support personalized treatment approaches.
The COVID-19 pandemic has significantly impacted the DNA and gene cloning services market. The increased demand for synthetic biology products, driven by the urgent need for COVID-19 vaccines and treatments, has accelerated research and development (R&D) in cloning technology. Moreover, despite the challenges posed by the pandemic, the DNA and gene cloning services market is expected to continue growing steadily due to the increasing adoption of novel technologies, the rising demand for gene therapies, and ongoing advancements in genetic engineering.
However, one of the primary concerns of the misuse of gene cloning and synthesis technology is the creation of harmful pathogens through synthetic biology techniques to develop bioweapons. Improper handling or disposal of synthetic DNA could lead to environmental contamination. Engineered organisms released into the environment could have ecological consequences.