Press release
Synthetic Biology Market Trend 2020, Worldwide Research News and Emerging Growth Opportunity 2023
The synthetic biology market consists of sales of synthetic compound, technology and related services. Synthetic biology is a field of biology science which involve engineering principles. Synthetic biology involves researches on micro-organism to perform the desired function or produce a biological desired substance. Such processes possess health risks such as illness, allergies in humans as well as environmental risks such as toxicity and risk of new micro-organisms affecting living creatures in the ecosystem.
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DNA sequencing is important in development of the synthetic biology in many ways. The DNA sequencing finds its use in many synthetic biology applications, therefore the availability of the DNA sequencing technique at low cost drives the production of products based on the applications of synthetic biology.
The new technological advances in the field of DNA sequencing has enabled the researchers to use DNA to store non-genetic information. With the rise in the demand to store quantum of data, DNA data storage offers a solution where one DNA strand can store about 455 Exabyte of data (455 billion gigabytes). Thus, the concept has received huge investments from the entities in the market.
Synthetic Biology Market Segmentation: -
By Technology - The synthetic biology market can be segmented into
1. Nucleotide Synthesis And Sequencing
2. Bioinformatics
3. Microfluidics
4. Genetic Engineering
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By Product Type - The synthetic biology market can be segmented into
1. Oligonucleotides
2. Enzymes
3. Cloning and Assembly Kits
4. Xeno-nucleic Acids (XNA)
5. Chassis Organism
By Application - The synthetic biology market can be segmented into
1. Pharmaceuticals And Diagnostics
2. Chemicals
3. Biofuels
4. Bioplastics
5. Others
By Geography - The synthetic biology market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
The North American market is the largest market for synthetic biology and is expected to continue to be the largest market during the forecast period.
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Some of the major key players involved in the synthetic biology market are Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Synthace, Pembient, Amyris and Twist Bioscience Corporation.
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