Press release
Synthetic Biology Market: Current Trends and Future Opportunities Leading Key Players are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies, Inc (US), Novozymes A/S (Denmark), Ginkgo Bioworks (US), Amyris (US)
Synthetic Biology: An Analysis of the Global Market - Exclusive Report by MarketsandMarkets™
Download This Full Research Report, Click Here @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=889&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr
Synthetic biology is one of the most promising fields in the biotechnology industry. It involves the use of engineering principles to design, construct, and modify biological systems for various applications. As a result, the global synthetic biology market is projected to reach USD 30.7 billion by 2026 from USD 9.5 billion in 2021, at a CAGR of 26.5% during the forecast period.
Market Synopsis:
The increasing investments from governments and private investors, combined with the growing demand for synthetic biology-based products, are the major factors driving the growth of this market. Additionally, the increasing demand for cost-effective and eco-friendly products is driving the demand for synthetic biology in the market.
Moreover, the advancements in the field of DNA sequencing technology, gene editing tools, and the emergence of new bioinformatics tools are expected to boost the growth of the market.
On the flip side, the lack of skilled personnel and the ethical issues related to the use of synthetic biology are some of the factors that can restrain the growth of the market. Additionally, the high cost of synthetic biology products is also expected to limit market growth, as these products are generally more expensive than their natural counterparts.
This growth is largely due to the increasing number of applications for synthetic biology, ranging from drug discovery and development to agricultural biotechnology. Synthetic biology can be used to create new medicines, crops, and enzymes that are more efficient and effective than their traditional counterparts. In addition, synthetic biology can be used to create biofuels and even new materials.
Key Market Players:
Some of the prominent players in the Synthetic Biology Industry are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies, Inc (US), Novozymes A/S (Denmark), Ginkgo Bioworks (US), Amyris (US), Precigen, Inc. (US), GenScript (China), Twist Bioscience (US), Synthetic Genomics (US), Codexis (US), Synthego (US), Creative Enzymes (US), and Eurofins Scientific (Luxembourg).
The synthetic biology market is driven by the increasing demand for more efficient and cost-effective solutions to a variety of challenges. For example, synthetic biology can help reduce the cost of drug development, improve crop yields, and produce new materials for a variety of industries. In addition, the demand for synthetic biology is being fueled by the need for more sustainable and efficient ways to produce food and other products.
The synthetic biology market is also expected to benefit from advances in genomics and other areas of biotechnology. As the technology advances, it will become easier for researchers to manipulate and engineer biological systems to create more efficient and effective solutions. This will open up new opportunities for synthetic biology to be used in a variety of industries.
Overall, the synthetic biology market is expected to continue growing, as it offers numerous benefits to many different industries. As the technology advances, the market will continue to expand and offer new and innovative solutions to a variety of challenges.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=889&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr
This report categorizes the synthetic biology market into the following segments and subsegments:
By Tool
• Oligonucleotides and Synthetic DNA
• Enzymes
• Cloning Technologies Kits
• Synthetic Cells
• Chassis Organisms
• Xeno-nucleic Acids
By Technology
• Gene Synthesis
• Genome Engineering
• Sequencing
• Bioinformatics
• Site-directed Mutagenesis
• Cloning
• Measurement and Modelling
• Microfluidics
• Nanotechnology
By Application
• Medical Application
• Artificial Tissue and Tissue Regeneration
• Industrial Applications
• Food & Agriculture
• Environmental Applications
Recent Developments:
• Novozymes launched Frontia GlutenEx. It would help wheat processors increase their gluten protein recovery and, at the same time, cut down on energy consumption.
• Merck partnered with BioNTech (Germany) to supply lipids for the production of Pfizer-BioNTech COVID-19 Vaccine (BNT162b2).
• Merck acquired AmpTec (Germany). With this acquisition, the company strengthened its product portfolio to develop and manufacture mRNA for utilizing vaccines, treatments, and diagnostics.
Complete The Payment and Get the Full Access of Report@ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=889&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Biology Market: Current Trends and Future Opportunities Leading Key Players are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies, Inc (US), Novozymes A/S (Denmark), Ginkgo Bioworks (US), Amyris (US) here
News-ID: 2911932 • Views: …
More Releases from MarketsandMakets
Warehouse Robotics Market Set to Grow at the Fastest Rate- Time to Grow your Rev …
The warehouse robotics market is estimated to be worth USD 6.1 billion in 2023 and is projected to reach USD 10.5 billion by 2028, at a CAGR of 11.4% during the forecast period. The expansion of e-commerce industry driving significant revenue growth and rapid developments in robotics and artificial intelligence are major factors driving the global growth of the warehouse robotics market. Moreover, transformation of warehouses through the integration of…
Global Vascular Patches Market Growth to Reach USD 517 million by 2027
The global Vascular Patches Market is valued at an estimated USD 353 million in 2022 and is projected to reach USD 517 million by 2027, at a CAGR of 7.9% during the forecast period. Market growth is driven by the growing geriatric population and subsequent prevalence of vascular diseases and availability of reimbursement for vascular procedures, coupled with the growing adoption of biological patches.
Key Market Players:
LeMaitre Vascular, Inc. (US),…
Mice Model Market Size, Share, Growth Rate, Demands, Trends, Key Players and For …
The global Mice Model Market in terms of revenue was estimated to be worth $1.5 billion in 2024 and is poised to reach $2.2 billion by 2029, growing at a CAGR of 8.1% from 2024 to 2029. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying…
Global Antibody Drug Conjugates Market Key Players are Daiichi Sankyo Company, L …
The global Antibody Drug Conjugates Market in terms of revenue was estimated to be worth $9.7 billion in 2023 and is poised to reach $19.8 billion by 2028, growing at a CAGR of 15.2% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and…
More Releases for Synthetic
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments…
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is…
Synthetic Spider Silk Market
Market Overview:
Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other…
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications…
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo …
As per the current market trends and the promising nature of the Global Synthetic Diamond Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various…
Non-tire Synthetic Market Report 2018: Segmentation by Product (AAA Non-tire Syn …
Global Non-tire Synthetic market research report provides company profile for NKNH, Lion Elastomers, JSR, Zeon, Kraton, TSRC, Lanxess, KUMHO Petrochemical, Exxon Mobil, Goodyear, Polimeri Eruopa, Sibur and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
