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New report examines the Global Synthetic Biology Market - Top Key Players are Agrivida Inc, Biosearch Technologies Inc, DuPont Inc, Evolva SA, Exxon Mobil Corporation.
Synthetic biology refers to an interdisciplinary branch of engineering and biology. Its goal is to manufacture and redesign biological systems and components that do not yet exist in the natural world. Synthetic biology combines the growing knowledge of genomics with the chemical synthesis of DNA to allow researchers to rapidly produce cataloged DNA sequences.
Global Synthetic Biology Market Size:
The Global Synthetic Biology Market will grow from nearly USD 4.4 billion in 2017 to USD 13.9 billion by 2022, with a compound annual growth rate (CAGR) of 26.0% for the period of 2017-2022.
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Drivers and Restraints:
The growing demand for vaccines and improved medicines, and the development of molecular biology are among the main factors driving the market of synthetic biology. In addition, the participation and encouragement of universities and government agencies in the investigation of synthetic biology and the growing demand for genetically modified crops due to the growth of the world population are also among the main factors that feed the synthetic biology market. On the other hand, the increasing regulations and the high costs of synthetic biology techniques could hinder the growth of the market in the coming years.
Segmentation:
Based on the product, the synthetic DNA segment dominated the market previously due to its increasing commercial availability. Based on technology, genome engineering technology can be used to modify genetic foods, gene therapy and gene cloning. Based on the application, the synthetic biology market is segmented into chemicals, health care, agriculture and others, including R & D, biosecurity, energy and the environment. Of these, synthetic biology is the most used in the health sector due to the growing use of synthetic biology to produce cheap vaccines and medicines. On the other hand, the segment of agriculture is increasing at the highest level of the CAGR from 2013 to 2019.
In terms of geography, Europe dominated the synthetic biology market and is expected to grow steadily because of the growing initiatives of private organizations and governments for the development of synthetic biology in this region. In contrast, North America occupied the second largest portion of the market in the same year due to the growing proliferation of new technologies in this region. It is also expected that the Asia-Pacific region will experience rapid market growth with the growing support of international organizations for the development of synthetic biology.
As per the report, the key players operating in the market are Agrivida, Inc., Biosearch Technologies, Inc., DuPont, Inc., Evolva SA, Exxon Mobil Corporation and others
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-synthetic-biology-market-analysis-with-forecasts-to-2022-growth-opportunities/1861918236
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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