Press release
North America Synthetic Biology Market to Grow at a CAGR of 19.7% during 2021 to 2028 - Business Market Insight
Synthetic biology is an emerging concept that has numerous applications in the chemicals, agriculture, pharmaceuticals, and energy industries. Various start-ups offer gene synthesis products/services for biological processes. For example, Benchling provides CAD tools, GenScript offers gene synthesis, Ginkgo Bioworks assists in organism engineering, Transcriptis (a bioinformatics company) offers solutions facilitating cloud labs/automation, and Glowee offers consumer products. Amid the adverse effects of the COVID-19 pandemic on start-up performance, the bioeconomy accelerated in the first half of 2020.The North America synthetic biology market is expected to grow from US$ 4,313.62 million in 2021 to US$ 15,223.61 million by 2028; it is estimated to grow at a CAGR of 19.7% from 2021 to 2028.
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The report covers an in depth analysis of the key market players within the market
Agilent Technologies, Inc.
Amyris
Codexis
Genscript Biotech corporation
Integrated DNA Technologies
Merck KGaA
New England Biolabs
Novozymes A/S
Thermo Fisher Scientific
Twist Bioscience
In this report, the market has been segmented on the basis of:
The North America synthetic biology market is analyzed based on products, technology, application, and country. Based on products, the market is segmented into enzymes, chassis organisms, oligonucleotides, and xeno-nucleic acids. The oligonucleotides segment dominated the market in 2020 and is expected to be fastest growing during the forecast period. Based on technology, the market is segmented into measurement & modeling, cloning & sequencing, genome engineering, gene synthesis, nanotechnology, and others. The gene synthesis segment dominated the market in 2020, while the genome engineering segment is expected to be fastest growing during the forecast period. Based on application, the market is segmented into medical applications, industrial applications, food and agriculture, environmental applications, and others. The medical applications segment dominated the market in 2020 and is expected to grow at the fastest rate during the forecast period.
Market Analysis and Insights: North America Synthetic Biology Market
North America Synthetic Biology Market report elaborates the market size, market characteristics, and market growth of the North America Synthetic Biology industry, and breaks down according to the type, application, and consumption space of North America Antibody Testing. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
• -What can we estimate about the anticipated growth rates and also the North America Synthetic Biology industry size by 2028?
• -What will happen in the coming existing and emerging markets?
• -Which are the five top players within thee North America Synthetic Biology market?
• -How can the North America Synthetic Biology market change in the upcoming years?
• -Which product and application will take a share of the North America Synthetic Biology market?
• -What will be the CAGR and size of the North America Synthetic Biology market throughout the forecast period?
• -What are the market opportunities and challenges two-faced by the key vendors?
• -Who are the major competitors and what is their strategy?
• -What are the barriers to entry for new players in the market?
• -What would be the upcoming North America Synthetic Biology market behaviour forecast with trends, challenges, and drivers for development?
• -What business opportunities and dangers are faced by vendors in the market?
• -Which would be North America Synthetic Biology industry opportunities and challenges faced by most vendors in the market?
• -What will be the outcomes of this market SWOT five forces analysis?
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