Synthetic Biology Market to 2025 - Growing Steady at 23.9% CAGR and Projected to Reach US$ 19.8 Billion

The Global report on "Synthetic Biology Market" delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter's forces analysis with respect to these elements. This report spread across 256 Pages, Profiling 15 Companies and Supported with 234 Tables and 38 figures is now available in this research.

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The Synthetic Biology Market is projected to reach USD 19.8 Billion by 2025 from USD 6.8 Billion in 2020, at a CAGR of 23.9%.Factors such as the increasing demand for synthetic genes and synthetic cells, wide range of applications of synthetic biology, declining cost of DNA sequencing and synthesizing, increasing R&D funding and initiatives in synthetic biology, and increasing investments in the market are propelling the growth of this market.

Top Key Players Profiled in the Synthetic Biology Market:
o Thermo Fisher Scientific Inc. (US)
o Merck KGaA (Germany)
o Agilent Technologies Inc. (US)
o Novozymes A/S (Denmark)
o Ginkgo Bioworks (US)
o Amyris Inc. (US)
o Intrexon Corporation (US)
o GenScript Biotech Corporation (China)
o Twist Bioscience (US)
o Synthetic Genomics Inc. (US)
o Codexis Inc. (US)
o Synthego Corporation (US)
o Creative Enzymes (US)
o Eurofins Scientific (Luxembourg)
o Cyrus Biotechnology Inc. (US)
o ATUM (US)
o TeselaGen (US)
o Arzeda (US)
o Integrated DNA Technologies Inc. (US)
o New England Biolabs (US)

"The oligonucleotides and synthetic DNA segment is expected to grow at the highest rate during the forecast period."
Based on tools, the market has been segmented into oligonucleotides and synthetic DNA, enzymes, cloning technology kits, chassis organisms, xeno-nucleic acids, and synthetic cells. In 2019, the oligonucleotides and synthetic DNA segment is expected to register the highest CAGR during the forecast period. This can be attributed to factors such as the rising demand for synthetic DNA, synthetic RNA, and synthetic genes, which are used in a wide range of applications, such as pharmaceuticals, nutraceuticals, personal care, flavors and fragrances, probiotics, green chemicals, and industrial enzymes.

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"The genome engineering segment is expected to grow at the highest CAGR during the forecast period."
On the basis of technology, the market is segmented into gene synthesis, genome engineering, cloning, sequencing, site-directed mutagenesis, measurement and modeling, microfluidics, nanotechnology, bioinformatics technologies.

"The industrial applications segment is expected to grow at the highest CAGR during the forecast period."
Based on application, the synthetic biology market is segmented into medical, industrial, food & agricultural, and environmental applications. The industrial applications segment is expected to grow at the highest CAGR owing to the rising applications of synthetic biology in producing renewable energy, biomaterials & green chemicals, and enzymes.

Competitive Landscape of Synthetic Biology Market:
1 Overview
2 Market Share Analysis
2.1 Synthetic Biology Market, By Key Players, 2018
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
4 Emerging Companies
4 Competitive Situation and Trends
4.1 Product Launches
4.2 Expansions
4.3 Acquisitions
4.4 Other Strategies

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Reason to access this report:
o Market Penetration: Comprehensive information on the product portfolios offered by the top players in the synthetic biology market
o Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the synthetic biology market
o Market Development: Comprehensive information on lucrative emerging regions
o Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the synthetic biology market
o Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

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