Press release
Synthetic Biology Platforms Market 2020 to Witness Huge Growth | Leading Players - Thermo Fisher Scientific, Novozymes, Merck KGaA, intrexon, Agilent Technologies, Amyris, GenScript, Ginkgo Bioworks, Synthetic Genomics
Synthetic Biology Platforms Market
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Market Analysis: Global Synthetic Biology Platforms Market
Global Synthetic Biology Platforms Market is expected to rise from its initial estimated value of USD 4.35 billion to an estimated value of USD 18.84 billion by 2026, registering a CAGR of 20.01% in the forecast period of 2019-2026. Rising demand for synthetic genes and cells among consumer is the major factor for the growth of this market.
Key Market Competitors: Global Synthetic Biology Platforms Market
Few of the major competitors currently working in the global synthetic biology platforms market are Thermo Fisher Scientific, Novozymes, Merck KGaA, intrexon, Agilent Technologies, Inc., Amyris, GenScript, Ginkgo Bioworks, Integrated DNA Technologies, Inc., New England Biolabs, Synthetic Genomics Inc., Twist Bioscience., DSM, DuPont., LOCUS BIOSCIENCES, INC.
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Market Definition: Global Synthetic Biology Platforms Market
Synthetic biology is a technology which is designed to make biology easy for the engineer. They usually combines the domains like biotechnology, molecular engineering, biophysics, electrical and computer engineering, evolutionary biology and genetic engineering. They are usually made by molding the components like genetic circuits, metabolic pathways and enzymes. The main aim of the synthetic biology is natural product synthesis, applies protein design, synthetic genomics and standardized biological parts. These days there is increase investment in R&D on synthetic biology which is the major factor fueling the growth of this market.
Segmentation: Global Synthetic Biology Platforms Market
Synthetic Biology Platforms Market : By Tool and Technology
Tool
Technology
Synthetic Biology Platforms Market : By Applications
Medical Applications
Industrial Applications
Food and Agriculture
Environmental Applications
Synthetic Biology Platforms Market : By Product
Core Product
Enabling Product
Synthetic Biology Platforms Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market:
In July 2018, Locus Biosciences Inc., announced that they have acquired EpiBiome, Inc. The main aim of the acquisition is to produce products so that they can treat antibiotic-resistant bacterial infections and precisely edit the microbiome. It will also help the Locus to expand their product portfolio and will also improve their efficiency levels.
In January 2017, Intrexon Corporation announced that they have acquired GenVec, Inc. so that they can expand their gene transfer capabilities that contain various viral and non- viral platforms. The GenVec’s AdenoVerse technology will also help the Intrexon Corporaton is to expand their portfolio in gene therapy by developing new products.
Competitive Analysis: Global Synthetic Biology Platforms Market
Global synthetic biology platforms market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of synthetic biology platforms market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Synthetic Biology Platforms Market Drivers :
Increasing R&D investments on synthetic biology is driving the growth of this market
Rising awareness among consumer about fuel consumption is another factor driving the growth of this market.
Synthetic Biology Platforms Market Restraints :
Increasing environmental and security concerns among population is restraining the growth of this market
Rising levelness of the biological parts is another factor restraining the growth of this market
Reasons to Purchase this Report :
Current and future of global synthetic biology platforms market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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