Press release
Synthetic Biology Market is Estimated to Grow at a CAGR of 28.1% within the forecast period of 2023-2030: Cognitive Market Research
Synthetic Biology Market is Estimated to Grow at a CAGR of 28.1% within the forecast period of 2023-2030
Synthetic biology is an environmental kind of technology that has gained demand for hazardous clean-up projects including synthetic microbes to digest refractory substances such as insecticides, dioxins, and even radioactive materials. The stabilization of price rises in the medical sector is made possible by synthetic biology, which increases demand in this market. This technology is primarily used in the pharmaceutical, agricultural, biofuel, biomedical, and chemical industries. Synthetic biology allows farmers to grow additional crops on less amount of land, and it is more precise and perfect than previous gene technologies.
Summary:
• As per the study of CMR, The Global Synthetic Biology market is estimated to be valued at USD 13.91 billion in 2022 and is expected to exhibit a CAGR of 28.1% during the forecast period (2023-2030).
• North America region is forecasted to dominate the growth of the global synthetic biology market
• Based on the product, the enzymes segment is forecasted to dominate the growth of the global market
• Based on technology, the gene synthesis segment is forecasted to dominate the growth of the global market.
• Based on end users, the biotechnology & pharmaceutical industry segment is forecasted to dominate the growth of the market
To know more about The Synthetic Biology Market statistics click here: https://www.cognitivemarketresearch.com/synthetic-biology-market-report
Global Synthetic Biology Market Dynamics:
The increasing demand for synthetic biology applications for cellular recording and multiplexed diagnostics as well as therapeutic genome editing is forecasted to drive the demand for the global synthetic biology market. In addition, the application of organisms and products manufactured by synthetic biology processes in other industries, such as the chemical and energy industries dominate the growth of the global market. Furthermore, increasing demand for biofuels, rising awareness in emerging economies, and rising R&D spending for synthetic medications and vaccines will provide opportunities for the growth of the market.
However, the intentional or unintentional distribution of synthetic organisms into the surroundings for research or other reasons may hamper the growth of the target market. Synthetic microbes that are discharged into the environment have a possibility of mutating or interacting with other species, which could result in crossbreeding and biological mistakes that impede the growth of the global market.
Global Synthetic Biology Market Segmentation:
Product:
• Enzymes
• Synthetic Cells
• Oligonucleotides
• Others
Based on the product, the enzymes segment is forecasted to dominate the growth of the global market. This is attributed to the development of efficient biocatalysts for biomedicine and biological sciences largely depends on enzyme engineering.
Technology:
• Genome Engineering
• Gene Synthesis
• DNA Sequencing
• Others
Based on technology, the gene synthesis segment is forecasted to dominate the growth of the global market. This is attributed to new developments in synthetic biology that have been facilitated via gene synthesis which drives the demand for the global market.
End-user:
• Academics & Research Institutes
• Biotechnology & Pharmaceutical Industry
• Others
Based on end users, the biotechnology & pharmaceutical industry segment is forecasted to dominate the growth of the market. This is attributed to pharmaceutical leading organizations placing more focus on the creation of cell-based therapies.
Competitive Analysis of Synthetic Biology Market: Amyris, DuPont, GenScript USA, Intrexon, Integrated DNA Technologies, New England Biolabs, Novozymes, Royal DSM, Synthetic Genomics, Thermo Fisher Scientific
Get free sample pages of the latest published Synthetic Biology Market Report: https://www.cognitivemarketresearch.com/synthetic-biology-market-report
North America has the highest revenue share in the global synthetic biology market
North America region is forecasted to dominate the growth of the global synthetic biology market. This is attributed to rising in the number of well-developed synthetic biology companies and research institutes in the Canada and US. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of growth rate. This is attributed to rising numbers of healthcare and life science institutions, as well as biopharmaceutical and pharmaceutical companies in the country in the region.
Global Synthetic Biology Market-Related Development:
GenScript Expanded Gene Synthesis Manufacturing Capabilities in the USA
In November 2021, GenScript increased its gene synthesis production capabilities in the United States using fully automated oligo synthesis and sequencing platforms.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Synthetic Biology Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Synthetic Biology Market Segmentation
1.5.1 Synthetic Biology Market Regional Fragmentation
1.5.1 Synthetic Biology Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Synthetic Biology Market
• 3.1 Global Synthetic Biology Market Size 2018 - 2030, (USD Million)
• 3.2 Global Synthetic Biology Value, Absolute & Opportunity Analysis
• 3.3 Global Synthetic Biology Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Synthetic Biology Market Statistics 2022: Snapshot
Chapter 4 Global Synthetic Biology Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Synthetic Biology Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Synthetic Biology Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Synthetic Biology Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Synthetic Biology Market Regional Analysis
Chapter 13 North America Synthetic Biology Market Outlook (2018 - 2030)
Chapter 14 Europe Synthetic Biology Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Synthetic Biology Market Outlook (2018 - 2030)
Chapter 16 Latin America Synthetic Biology Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Synthetic Biology Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Synthetic Biology Market TOC click here: https://www.cognitivemarketresearch.com/synthetic-biology-market-report#table_of_contents
Related Report:
• Synthetic Caffeine Market- https://www.cognitivemarketresearch.com/synthetic-caffeine-market-report
• Antisense Oligonucleotides Market- https://www.cognitivemarketresearch.com/antisense-oligonucleotides-market-report
• Oligonucleotides Market- https://www.cognitivemarketresearch.com/oligonucleotides-market-report
• Synthetic Camphor Market- https://www.cognitivemarketresearch.com/synthetic-camphor-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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