Synthetic Biology Market Is Expected to Grow at a CAGR of 25.4% by 2029 by Tool, Technology, Application, and Region.

December 05 20:05 2022
Synthetic Biology Market Is Expected to Grow at a CAGR of 25.4% by 2029 by Tool, Technology, Application, and Region.
Synthetic Biology Market
Synthetic Biology Market size was valued at US$ 9.3 Bn. in 2021 and the total Synthetic Biology revenue is expected to grow by 25.4% from 2022 to 2029, reaching nearly US$ 56.87 Bn.

Maximize Market research, a global pharmaceutical market research firm has published a report on the “Synthetic Biology Market” on 28th November 2022.

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Synthetic Biology Market Scope

The Synthetic Biology market is divided into four segments: tool, technology, application, and region. The growth of various segments helps report users in gaining an understanding of the many growth factors expected to be prevalent throughout the market and developing various strategies to help identify core application areas and the gap in the target market. The research analyses the market in-depth and includes valuable insights, facts, historical data, and statistically supported and industry-validated market statistics. Estimates are also provided based on an appropriate set of assumptions and methodologies.

The bottom-up methodology is used to estimate the Synthetic Biology market size. Secondary research is used to identify the major key players in the Synthetic Biology market, and primary and secondary research is used to determine their market revenues. Secondary research includes a survey of annual and financial reports from leading manufacturers, while primary research included interviews with key opinion leaders and industry experts such as skilled front-line staff, entrepreneurs, and marketing professionals.

Synthetic Biology Market Overview

Synthetic biology (SynBio) is an interdisciplinary field of study that focuses on developing new biological components, devices, and systems while also redesigning existing natural systems. This discipline of research includes methods such as biotechnology, genetic engineering, molecular biology engineering, systems biology, membrane science, biophysics, chemical and biological engineering, electrical and computer engineering, control engineering, and evolutionary biology.

Synthetic Biology Market Dynamics

The development of the synthetic biology industry is fueled by increased demand for biofuel as a result of the global energy crisis, depletion of fossil resources, and rising pollution. Recent advances in synthetic biology are opening the road for the manufacture of fourth-generation biofuels, which will use microorganisms/crops that have been deliberately created as feedstock. Increased global per capita energy consumption as a result of rapid industrialization, along with an increase in the global population, is expected to boost synthetic biology applications in the energy sector.

The rise of antibiotic-resistant superbugs is a major biosafety issue. The European Union (EU) recently funded several studies on the environmental effects of releasing genetically altered bacteria for plant growth or bioremediation. These factors may hamper market growth throughout the forecast period.

Synthetic Biology Market Regional Insights

The United States places a high value on proteomics, genomic structure prediction, and pharmaceutical development research, which supports the synthetic biology sector. Furthermore, some privately held corporations, such as the Gates and Melinda Gates Foundation, as well as government-funded research organizations, such as the National Institutes of Health (NIH), are encouraging synthetic biology research and development, which may improve the country’s growth prospects.

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Synthetic Biology Market Segmentation

By Tool:

  • Oligonucleotides and Synthetic DNA
  • Enzymes
  • Cloning Technologies Kits
  • Synthetic Cells
  • Chassis Organisms
  • Xeno-nucleic Acids

By Technology:

  • Gene Synthesis
  • Genome Engineering
  • Sequencing
  • Bioinformatics
  • Site-directed Mutagenesis
  • Cloning
  • Measurement and Modeling
  • Microfluidics
  • Nanotechnology

By Application:

  • Pharmaceuticals & Drug Discovery
  • Artificial Tissue and Tissue Regeneration
  • Industrial
  • Food & Agriculture
  • Environmental

Synthetic Biology Market Key Competitors:

  • Thermo Fisher Scientific
  • Merck KGaA
  • Agilent Technologies, Inc.
  • Novozymes A/S
  • Ginkgo Bioworks
  • Amyris
  • Precigen
  • GenScript Biotech Corporation
  • Twist Bioscience
  • Synthetic Genomics
  • Codexis
  • Synthego
  • Creative Enzymes
  • Eurofins Scientific
  • Cyrus Biotechnology
  • ATUM
  • TeselaGen
  • Arzeda
  • Integrated DNA Technologies
  • New England Biolabs
  • Royal DSM
  • OriGene Technologies
  • Genomatica
  • Illumina
  • Scarab Genomics

Key questions answered in the Synthetic Biology Market are:

  • What is a Synthetic Biology?
  • What is the growth rate of the Synthetic Biology Market over the forecast period?
  • What is the nature of competition in the Synthetic Biology industry in developed economies and developing economies?
  • Who are the key players in the Synthetic Biology Market?
  • Who are the market leaders in Synthetic Biology in Europe?
  • Who are the market leaders in Synthetic Biology in USA and Canada?
  • Who are the market leaders in Synthetic Biology in India, China, Japan, and South Korea?
  • What are the factors affecting growth in the Synthetic Biology Market?
  • Who held the largest market share in the Synthetic Biology Market?
  • What are the factors for the growth of the Asia-Pacific region in the Synthetic Biology Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Tool, Technology, Application, and Region.
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

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Autologous stem cell and Non-stem cell based Therapies Market – The Autologous stem cell and Non-stem cell-based Therapies Market size is expected to reach USD 10.82 Bn. by 2029 at a CAGR of 14.2 percent during the forecast period. Advancements in mobile-based BP monitoring systems, and wearable and portable devices are gaining popularity and are positively impacting the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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