Press release
Synthetic Biology Market To Witness Robust Expansion Throughout The Forecast Period 2018 - 2026 With Top Vendors Thermo Fisher Scientific Inc, Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis Inc, Amyris Inc
Synthetic Biology
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Growing adoption of synthetic biology in emerging applications such as genetically modified crops (GMCs) in agriculture, green chemicals, and biofuels in the industrial applications will offer lucrative growth opportunity in the near future.
Since 2014, rising engagement of various investors to fund the synthetic biology companies including established and startup companies is continuously increasing. For instance, according to SynBioBeta LLC January 2018 data findings, 50 companies in the synthetic biology market raised around US$ 1.7 billion for the development of innovative synthetic biology technologies.
Market Dynamics
Furthermore, growing research and development (R&D) activities to develop new technologies in synthetic biology by government and private organizations and increasing demand for efficient alternative therapy to design and market active pharmaceutical ingredients (APIs) in drug diagnosis and therapeutics are other growth factors, which will drive the synthetic biology market growth.
Furthermore, the regulations that govern synthetic biology are not designed specifically for synthetic biology and are inadequate to regulate new gene editing applications such as CRISPR gene editing. The current legal framework focuses on genetically modified products and the procedures to make them, create a hurdle in the growth of synthetic biology market. Furthermore, stringent regulations related to the application of genetically modified organism (GMOs) in developed economies such as the U.S. and Europe reflects the concern related to the adoption of synthetic biology in the near future.
Key Players
Key companies covered as a part of this study includes Thermo Fisher Scientific Inc., Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis, Inc., Amyris, Inc., Danaher Corporation (Integrated DNA Technologies, Inc.), EnBiotix, Inc., Evonetix Ltd., Ginkgo Bioworks, Inc., and Prokarium
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Detailed Segmentation:
Global Synthetic Biology Market, By Product Type:
Oligonucleotides
Enzymes
Cloning and Assembly Kits
Xeno-nucleic Acids (XNA)
Chassis Organism
Global Synthetic Biology Market, By Technology:
Gene Synthesis
Next-generation Sequencing
Cloning and Sequencing
Bioinformatics
Microfluidics
Nanotechnology
Site-saturation Mutagenesis
Mathematical Modeling
Global Synthetic Biology Market, By Application:
-Medical Applications
Drug Discovery and Therapeutics
Artificial Tissue and Tissue Regeneration
-Industrial Applications
Biomaterials and Green Chemicals
Industrial Enzymes
Biofuels and Renewable Energy
-Environmental Applications
Bioremediation
Whole-cell Biosensors
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