Press release
Synthetic Biology Market Value is Expected To Reach $27 Billion By 2023 | Covid 19 Impact and Recovery
Synthetic Biology Market
The global synthetic biology market is expected to grow from $8.2 billion in 2019 to $11.3 billion in 2020 at a compound annual growth rate (CAGR) of 38%. The growth of this market is due to its implication in diagnosis and vaccine development for COVID 19. The market is then expected to recover and grow at a CAGR of 33.9% from 2021 and reach $27 billion in 2023.
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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.
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. DNA sequencing allows the researchers to determine the DNA sequences in genes and helps a researcher to create a repository of entire genomes. These repositories form the basis for the implementation of synthetic biology applications such as protein expression, directed evolution, and metabolic engineering.
Synthetic Biology Market Segmentation: -
By Technology
Nucleotide Synthesis And Sequencing
Bioinformatics
Microfluidics
Genetic Engineering
By Application
Pharmaceuticals And Diagnostics
Chemicals
Biofuels
Bioplastics
Others
By Product Type
Oligonucleotides
Enzymes
Cloning and Assembly Kits
Xeno-nucleic Acids (XNA)
Chassis Organism
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Few Points From Table Of Content
1. Executive Summary
2. Synthetic Biology Market Characteristics
3. Synthetic Biology Market Size And Growth
4. Synthetic Biology Market Segmentation
5. Synthetic Biology Market Regional And Country Analysis
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.
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25. Synthetic Biology Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Synthetic Biology Market
27. Synthetic Biology Market Trends And Strategies
28. Synthetic Biology Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Synthetic Biology Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Synthetic Biology Market are Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Amyris, Twist Bioscience Corporation.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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