Synthetic Biology Market 2025 Technological Innovation by Leading Key Players Twist Bioscience, Agilent Technologies, Amyris, New England Biolabs, Synthetic Genomics and Integrated DNA Technologies

Increasing number of start-up companies is a major driver for the growth of synthetic biology market. In the recent years, there has been a significant rise in the number of start-up companies in the US. Various government initiatives and funding programs for biotechnology enable the entrepreneurs of these start-ups to raise funds, equipment and space in respective regions. For instance Indie Bio, a synthetic biology accelerator program headquarter at California, US and Ireland offers funding and mentorship through its three-month training program. Moreover, the technological advancement has headed emergence of the New Bioeconomy, which is the replacement of petrochemical-based manufacturing and fermentation-based manufacturing products.

Synthetic Biology Market to 2025 - Global Analysis and Forecasts by Products (Enzymes, Chassis Organisms, Oligonucleotides, Xeno-Nucleic Acids); By Technology (Measurement & Modeling, Cloning & Sequencing, Gene Synthesis, Nanotechnology); and Application (Medical Applications, Industrial Applications, Food and Agriculture, Environmental Applications)

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The synthetic biology market is estimated to grow at a CAGR of 28.2% during the forecast period from 2018 to 2025. The market for synthetic biology is estimated to reach US$ 56,044.9 Mn in 2025. The market for synthetic biology is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Global synthetic biology market is driven by extensive use of enzymes kits and other gene synthesis products in research institutes and academics.

The major players operating in the market of synthetic biology market
1. Thermo Fisher Scientific Inc.
2. Merck KGaA
3. Novozymes
4. Agilent Technologies
5. Amyris
6. GenScript
7. Integrated DNA Technologies, Inc.
8. Twist Bioscience
9. New England Biolabs
10. Synthetic Genomics Inc.

The market for synthetic biology is well established in the region of North America, owing to the investments made by the major companies and technological developments in the process of synthetic biology. Various market players have been focusing towards shifting their customer base in North America. For instance, the Government of Canada provides US$950 Mn for innovations to address the growing challenge of developing diverse and highly innovative economy. The development aimed to connect the businesses, academics, and policymakers, for the growth of several high-tech fields. So, this development of new clusters is one of the major factors for the development of domestic synthetic biology market of Canada.

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Key Benefits-

- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Synthetic Biology Market.

In North America, the market is driven by an increasing investment by government organizations and institutes such as Department of Energy, the National Science Foundation (NSF), Department Of Defense (DoD), the National Institutes of Health (NIH), and the US Department of Agriculture (USDA). While, Asia Pacific is the fastest growing market driven increasing investment by private sector companies such as Evolva Biotech Pvt. Ltd and increasing demand for synthetic biology technologies of industrial and medical applications.

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