Press release
Biotechnology (Synthetic Biology) Market Analysis, Trends and Dynamic Demand by Forecast 2017 to 2032
Biotechnology (Synthetic Biology) Market size was valued at USD 13.09 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.97% from 2023 to 2030.Insecticides, dioxins, and even radioactive chemicals can be digested by synthetic microorganisms, a method that is environmentally friendly and has gained popularity for hazardous clean-up efforts. The stabilisation of price growth in the medical sector is made possible by synthetic biology, which increases demand in this market. The prevalence of chronic diseases like cancer and diabetes has decreased thanks to advances in DNA synthesis technology and clustered regularly interspaced short palindromic repeats methods. This technology is primarily used in the biomedical, pharmaceutical, agricultural, biofuel, and chemical industries. Synthetic biology allows farmers to grow more crops on a less a
Scope:
The study segments the market based on product type, technology, application, region, and country level to give an essential insight of the global synthetic biology industry. The market is divided into synthetic DNA, synthetic oligos, synthetic genes, software tools, synthetic clones, synthetic cells, and synthetic creatures based on type. The market is divided into chemical, biofuel, bioplastic, medicinal & diagnostic, and other segments based on application. The market is divided into nucleotide synthesis and sequencing, bioinformatics, microfluidics, and genetic engineering based on technology type.
The growing demand for synthetic biology in pharmaceutical and biotechnology companies for research and development purposes, government investments in science and technology for drug discovery, and synthetic biological products and its applications in various industries are expected to drive the global synthetic biology market.
mount of land, and it is more precise and perfect than earlier gene technologies.
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Global Biotechnology (Synthetic Biology) Market: Major Players
• Integrated DNA technologies
• Syntrox Inc.
• Thermo Fischer Scientific
• Pareto Biotechnologies
• DNA2.0
• Twist biosciences
• TeselaGen
• Editas Medicine, Inc.
• Blue heron
• Origene technologies
• GenScript
• Eurofins Scientific, Inc.
• Scientific genomics Inc.
Global Biotechnology (Synthetic Biology) Market: By Types
• Core Products
• Enabling Products
• Enabled Products
Global Biotechnology (Synthetic Biology) Market: By Applications
• Healthcare
• Chemicals (Including Bio-Fuels)
• Agriculture
• Others (Biosecurity, Energy, and Environment)
Global Biotechnology (Synthetic Biology) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Biotechnology (Synthetic Biology) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions About This Report
• How big is the synthetic biology market?
• What is the synthetic biology market growth?
• Which segment accounted for the largest synthetic biology market share?
• Who are the key players in the synthetic biology market?
• What are the factors driving the synthetic biology market?
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