Synthetic Biology Market : COVID-19 Impact and Business Growth Statistics By Key Players Insights of Thermofisher Scientific Inc., Agilent Technologies, Merck KGaA, New England Biolabs, Synthetic Genomics, Amyris, Integrated DNA Technologies, Twist Biosci

Synthetic Biology Market Is Expected To Reach US$ 56,044.9 Million By 2025 From US$ 6,802.0 In 2016; It Is Estimated To Grow At A CAGR Of 28.2% From 2018 To 2025.

Technology Insights

Based on technology, the synthetic biology market is segmented into gene synthesis, genome engineering, measurement & modeling, cloning & sequencing, nanotechnology, and others. In 2017, the gene synthesis segment held the largest share of the market, by technology. In addition, the segment is also expected to grow at the fastest rate during the coming years owing to the advantages of technologies which upgrades the products and techniques for the industrial products.

Application Insights

Based on application, the synthetic biology market is segmented into industrial applications, food and agriculture, medical applications, environmental applications, and others. In 2017, the industrial applications segment held the largest share of the market, by end user. In addition, the segment is also expected to grow at the fastest rate during the coming years owing to the advantages of the food & agriculture and medical applications and segments.

Strategic Insights

Organic strategies are the more commonly adopted strategies by companies in the synthetic biology market, which enables them expand their global footprints, and product and service portfolios. The market players have also adopted organic strategies such as product approval, product launches and expansion strategies have enabled them to enlarge their global customer base, which also permits them to maintain their brand name globally.

The key players profiled in the Synthetic Biology Market research study includes:

Thermofisher Scientific Inc.
Agilent Technologies
Merck KGaA
New England Biolabs
Synthetic Genomics, Inc
Amyris
Integrated DNA Technologies, Inc.
Twist Bioscience
Genscript
Novozymes

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Since, the key findings in the Synthetic Biology Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Synthetic Biology Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.

The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:

Coverage:

The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

Secondary Research:

The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:

 Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations

 Industry Trade Journals and Other Literature

 National Government Documents, Statistical Databases and Market Reports

 News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

Primary Research:

“The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:

 Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook

 Validates and Strengthens Secondary Research Findings

 Further Develops the Analysis Team’s Expertise and Market Understanding

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Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to:

 Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers

 Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

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