Press release
Synthetic Biology Market 2021 Strategic Assessments - Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA
The Synthetic Biology Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global synthetic biology market reached a value of nearly $8,640.0 million in 2020, having increased at a compound annual growth rate (CAGR) of 22.5% since 2015. The market is expected to grow at a CAGR of 27.3 % from 2020 to reach $28,910.0 million in 2025. The global synthetic biology market is expected to reach $61,591.2 million in 2030, at a CAGR of 16.3%.
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Top Leading Companies of Synthetic Biology Market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, New England Biolabs, Novozymes A/S and others.
Market Trends
The synthetic biology market is also segmented by application into pharmaceuticals and diagnostics, chemicals, biofuels, bioplastics and others. The pharmaceuticals and diagnostics market was the largest segment of the synthetic biology market segmented by application, accounting for 47.5% of the total in 2020. Going forward, the biofuels segment is expected to be the fastest growing segment in the synthetic biology market segmented by application, at a CAGR of 27.9% during 2020-2025.
The synthetic biology market is also segmented by product type into oligonucleotides, enzymes, cloning and assembly kits, xeno-nucleic acids (XNA), chassis organism and others. The oligonucleotides market was the largest segment of the synthetic biology market segmented by product type, accounting for 38.1% of the total in 2020. Going forward, the enzymes segment is expected to be the fastest growing segment in the synthetic biology market segmented by product type, at a CAGR of 29.6% during 2020-2025.
Regional Outlook of Synthetic Biology Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Synthetic Biology Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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