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Synthetic Biology Market Size, Share, Analysis, Growth, Trends, Industry Report 2022-2031 | Thermo Fisher Scientific Inc,Danaher Corporation,Merck KGaA,New England Biolabs,Novozymes A/S
Synthetic Biology Market
According to The Business Research Company's synthetic biology market report, 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%.
Increasing demand for synthetic biology during the COVID-19 pandemic is expected to be a major driver of the market going forward. There has been an increase in the adoption of synthetic biology technology for the development of more potent, more stable vaccines which are easier and quicker to manufacture. In 2020, Integrated DNA Technologies Inc., a US based biotechnology company offering innovative research tools for genomics applications using NGS, CRISPR, qPCR, and synthetic nucleic acids, reported that within the weeks after the outbreak of the pandemic, it started receiving inquiries from researchers around the world who needed to obtain qPCR assays used for the study of the disease.
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The synthetic biology market is segmented -
• By Technology: Nucleotide Synthesis And Sequencing, Bioinformatics, Microfluidics, Genetic Engineering
• By Application: Pharmaceuticals And Diagnostics, Chemicals, Biofuels, Bioplastics
• By Product Type: Oligonucleotides, Enzymes, Cloning And Assembly Kits, Xeno-Nucleic Acids (XNA), Chassis Organism
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the synthetic biology market.
Major competitors in the synthetic biology market include Thermo Fisher Scientific Inc, Danaher Corporation, Merck KGaA, New England Biolabs, Novozymes A/S
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The synthetic biology market consists of sales of synthetic compounds, technology, and related services. Synthetic biology is a field of biology which also involves engineering principles, whereby organisms are redesigned for useful purposes by engineering them to have new abilities. It can be used to harness the power of nature to solve problems in medicine, agriculture, and manufacturing.
The Table Of Content For The Synthetic Biology Market Include:
1. Synthetic Biology Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
22. Synthetic Biology Market Opportunities And Strategies
23. Global Synthetic Biology Market, Conclusions And Recommendations
24. Appendix
The Business Research Company's "Global Synthetic Biology Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
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