Synthetic Biology Market Estimated to Grow at a CAGR of + 28.2% Up To 2025 With Key Companies Like Thermo Fisher Scientific, Merck Group, Novozymes, Agilent Technologies, Amyris, GenScript

Global Synthetic Biology Industry report is a complete study of changes that Information Technology industry is undergoing owing to the Global Synthetic Biology Industry. There are several systematic information included in the report, like the CAGR values in the forecasted years from 2019-2025, the market definition, classifications, applications, and market trends and using them to achieve a greater edge on the key players and brands whose company profiles are included in the aforementioned report.

Synthetic biology, an interdisciplinary branch of biology and engineering, involves designing and constructing new devices, systems and biological parts as well as re-designing existing, natural biological systems. It has various application in the field of food & agriculture, medicine, and other areas. Technologies such as, gene synthesis, genome engineering and cloning and sequencing help the researchers to understand organization of natural biological systems and design new biological entities offering various advantages to humans.

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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.

Global Synthetic Biology Market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Global Synthetic Biology market development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.

The major players operating in the market of synthetic biology market include:-

ThermoFisher Scientific Inc., Merck KGaA, Novozymes, Agilent Technologies, Amyris, GenScript, Integrated DNA Technologies, Inc., Twist Bioscience, New England Biolabs, Synthetic Genomics Inc. and others.

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.
In our study, we have segmented the synthetic biology market by product, technology and application.

On the basis of product, the market is segmented into enzymes, oligonucleotides, chassis organisms and xeno-nucleic acids. Enzymes acquired the largest market among the products due to its wide range of applications in healthcare.

On the basis of technology, the market is segmented into gene synthesis, genome engineering, measurement and modeling, cloning and sequencing, nanotechnology, and others. Gene synthesis has the largest market share among the technologies due to an increasing research and development activities in genetics and growing number of market players offering products and solutions for gene synthesis. On the basis of application, global synthetic biology market is segmented into industrial applications, food and agriculture, medical applications, environmental applications, and others. Geographically, the market for synthetic biology is segmented into North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South and Central America (S&CAM).

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. Additionally, rising demand for enzyme based kits and solutions required for gene manipulation and rising awareness about genetic engineering among the healthcare professionals in developed nations also accelerate the market growth. However, competition among existing market players may restrain the growth of the market.

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This release was published on openPR.