Synthetic Biology Market Global Industry Analysis, Growth, Trends and Forecast to 2025- ThermoFisher Scientific, Merck KGaA, Novozymes, Amyris, GenScript

When the organisms are engineered with new techniques of synthetic biology then they are more efficient, because then the genetically modified microorganisms can be used for many industrial purposes and are also cost effective. And this has increased the usage of synthetic biology products by the researchers throughout the world. The rise of the synthetic market is attributed to the universities, other large organisations, as well as the government bodies as they carried out researches on the synthetic biology activities.

Emerging applications across novel fields of research, such as agriculture and bioremediation are expected to further drive the market growth. Synthetic biology has gained popularity in hazardous waste cleanup initiatives through engineered microbes, which can degrade recalcitrant chemicals such as dioxins, pesticides or even radioactive compounds. Engineered crops, through synthetic biology, would bridge the gap between supply and demand globally. However, factors such as biosafety and biosecurity issues may hinder the market growth.

Top Companies Profiled in This Report Include, ThermoFisher Scientific Inc., Merck KGaA, Novozymes, Agilent Technologies, Amyris, GenScript, Integrated DNA Technologies, Inc., Twist Bioscience, New England Biolabs, Synthetic Genomics Inc.

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Increasing number of synthetic biology startup companies in developed regions such as, North America and Europe, and growing awareness about wide range of applications of synthetic biology are the major factors contributing to the growth of the market. Additionally, the growth is also governed by new product launches, partnerships, product approvals and collaborations by key players in the market.

North America is the largest market for synthetic biology across the globe whose growth in mainly driven by increasing focus on synthetic biology technologies such as gene synthesis and genome editing. Additionally, growing investments by the major companies and technological advancements in the field of genomics, and higher acceptance by the consumers also contribute to the growth of the market in North America. While, Asia Pacific is expected to exhibit fastest growth with China being the largest market followed by Japan and India. In China, the growth of the market is attributed to an increasing number of initiatives in synthetic biology such as launch of synthetic biology association and rising awareness about genome engineering and research and development.

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Table of Content

1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance

2 Key Takeaways
3 Synthetic Biology Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis

4 Synthetic Biology Market-Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis

5 Synthetic Biology Market-Global Analysis
5.1 Global Synthetic Biology Market Overview
5.2 Global Synthetic Biology Market Forecasts and Analysis (US$ Mn)
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions
6 Synthetic Biology Market-Global Regulatory Scenario

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