Synthetic Biology Market Growth and Major key players operating in the market are Agilent Technologies, Thermo Fisher Scientific, Amyris Biotechnologies, Merck, Epoch Life Science, Intrexon Corporation, Gevo, Gingko Bioworks and Sangamo Therapeutics

Precision Business Insights published a research report on "Synthetic Biology Market: By Technology (Enabled Products(Pharmaceuticals, Chemicals, Biofuels), Enabling Products(DNA Synthesis, Oligonucleotide Synthesis), Core Products(Synthetic DNA, XNA, Chassis Organism)), By Application (Chemicals, Pharmaceuticals, Biopharmaceuticals, Agriculture, Others), and Geography- Global/Region/Country Forecast to 2027", The Global Synthetic Biology Market was valued at USD 7.8 billion in the year 2020 and is anticipated to grow at USD 27.9 billion till 2027 witnessing a CAGR of 20% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Synthetic Biology Market: By Technology (Enabled Products(Pharmaceuticals, Chemicals, Biofuels), Enabling Products(DNA Synthesis, Oligonucleotide Synthesis), Core Products(Synthetic DNA, XNA, Chassis Organism)), By Application (Chemicals, Pharmaceuticals, Biopharmaceuticals, Agriculture, Others), and Geography- Global/Region/Country Forecast to 2027".

View detailed Report Description at https://precisionbusinessinsights.com/market-reports/synthetic-biology-market/

Huge Government Support for Funding Fueling the Synthetic Biology Market Growth

Synthetic biology involves the use of engineering standards in biology. It is an evolutionary area of medical technology. It is a novel interdisciplinary area of medical sector. Synthetic biology unites different disciplines within domains such as molecular engineering, electrical engineering, molecular engineering biophysics, biotechnology, computer engineering, genetic engineering and other different branches to develop artificial biological systems for medical as well as engineering applications. Moreover, it has different applications in industrial enzymes, bio-based chemicals, vaccines, antibody production and synthetic biological life science research.

Synthetic biology market is growing due to the adaption of genetically engineered products, DNA sequencing to treat and understand the disease progress and increasing R&D investments in synthetic biology. Furthermore, enhanced advancements in molecular biology and increasing funding amount by government in life science research as well as development will further drive the synthetic biology market during the forecast time span. Another crucial factor that contributes to enhance the market growth is private institutional contribution to synthetic biology. But, biosafety and biosecurity problems, dearth of regulatory framework and government policies can hamper the synthetic biology market growth during the forecast period 2021-2027.

Request a case study or sample research report at https://precisionbusinessinsights.com/request-sample?product_id=18430

Impact of COVID-19 Synthetic Biology Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

North America and Europe are anticipated to became the major market for Synthetic Biology:

On the basis of regional analysis, synthetic biology market is classified into major regions such as North America, Europe, Asia-Pacific, Middle East, Latin America and Africa. Among all these regions, Europe and North America are anticipated to become significant market for synthetic biology due to the factors like increasing funding for synthetic biology research by government. For example, synthetic biology research obtained fund of $ 430 Mn in U.S according to Woodrow Wilson Center Report. Europe is also anticipated to boost the market growth due to the developed healthcare infrastructure in the region. Furthermore, emerging key players in both regions are anticipated to boost the market growth hugely. Asia Pacific region is projected to grow at crucial rate due to the emerging Asia based biotechnological as well as synthetic biology firms and increasing R&D investments in the region.

Competitive Analysis:

There are a few major players operating in the synthetic biology market and to name a few are Agilent Technologies (U.S.), Thermo Fisher Scientific Inc. (U.S.), Amyris Biotechnologies (U.S.), Merck KGaA (Germany), Epoch Life Science Inc. (U.S.), Intrexon Corporation (U.S.), Gevo Inc. (U.S.), Gingko Bioworks (U.S) and Sangamo Therapeutics, Inc. (U.S.).

Contact Us:

Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:

We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.