Synthetic Biology Market is gaining significant traction with August 2020, Codex DNA Inc. launching its automated synthetic biology platform BioXp 3250 system

Synthetic Biology is a wide-ranging field of research that aims to develop new organic compounds, devices, and apparatus, or to design new living systems. Synthetic Biology has opened up an entirely new chapter of biological engineering, as it has the potential to dramatically impact our culture and our economy. Over the years, synthetic biology has become an important subject of exploration and study as it holds the potential to develop biotech solutions for clean energy and chemical production. As a result of this, various research and development activities are being carried out, in order to come up with technologically advanced products. Recently, in November 2020, Sumitomo Chemical introduced a new organization called SynBio Hub within the Biorational Research Center of Valent BioSciences LLC (VBC), a U.S. subsidiary of Sumitomo Chemical in Illinois, the U.S. to accelerate the next-gen business by using synthetic biology. Hence, such factors can stimulate the growth of the synthetic biology market.

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One of the most important current problems confronting society is the global shortage of certain key natural resources such as oil, water, and agricultural products. Many of these natural resources are vital to the economic well-being of human societies, and the long-term survival of the human population. With rising R&D funding for synthetic biology and increased investment in synthetic biology companies, North America is witnessing robust growth in the synthetic biology market. Besides, there is a massive demand for bio-based products in the U.S. along with positive government support, which could accelerate the regional synthetic biology market. Recently, in August 2020, Codex DNA Inc. introduced its automated synthetic biology platform BioXp 3250 system.

Synthetic Biology has the potential to revolutionize the way we live by producing new materials and devices that can help us solve some of our more pressing problems. For instance, by creating new materials using only genetically altered cells, synthetic biology can produce stronger, more durable materials that can replace natural tissue for a wide range of uses. However, there are certain issues that require special attention, in order to help the market grow. There are some issues regarding ethical concerns, biosecurity, and biosafety. Besides, there needs to be standardization of biological parts, which could potentially impede growth of the synthetic biology market.

One of the most exciting fields of synthetic biology is the field of prosthetics, which seeks to design prosthetic organs and joints that can be customized to match the natural functions of the body. Another application of synthetic biology is bioengineered foods, which aim to improve the nutrition and growth conditions of crop plants. Unlike some other fields of science, synthetic biology has diverse applications in various sectors. It can be used in naturally replicating rubber for tires, making green chemicals from agricultural waste, developing biobased products, producing low-cost sugar for petroleum substitutes, and many more. Such a wide range of applications can boost growth of the synthetic biology market.

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Major Key Players Are: Thermo Fisher Scientific Inc., Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis, Inc., Amyris, Inc., Danaher Corporation (Integrated DNA Technologies, Inc.), EnBiotix, Inc., Evonetix Ltd., Ginkgo Bioworks, Inc., and Prokarium

Table of Content

Global Synthetic Biology Market Research Report

Section 1: Global Synthetic Biology Industry Overview
Section 2: Global Economic Impact on Synthetic Biology Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Synthetic Biology Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Synthetic Biology Market Forecast

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