Press release
Synthetic Biology Market to reach USD 56.86 Bn by 2029, emerging at a CAGR of 25.4 percent and forecast 2023-2029
Synthetic Biology Market
Our research methodology combines secondary research by reviewing annual reports and financial data of key manufacturers with primary research involving interviews with industry experts, opinion leaders, and professionals. This approach ensures accurate and industry-validated market statistics. To understand our methodology better, request a free sample report.
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Synthetic Biology Market Dynamics:
The Synthetic Biology Market is experiencing significant growth, driven by increased research and development funding, especially in the pharmaceutical sector. Government initiatives are further accelerating nutraceutical research and medication development. R&D investment in the health sciences sector has surged by 22% between 2019 and 2020, with pharmaceutical and biotechnology companies leading the way. The United States has become a major supporter of synthetic biology research, with significant investments from agencies like DARPA.
Synthetic Biology Market Regional Insights:
In 2021, North America dominated the market with a 40% share. The region benefits from increased investment in synthetic biology products, favorable regulations, and government support. Notable companies like Moderna Therapeutics, Sana Biotechnology, and Greenlight Biosciences have received substantial investments. The United States, in particular, places a high value on research in life sciences and medication development, fostering the growth of the synthetic biology industry.
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Synthetic Biology Market Segmentation:
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 Modeling
• Microfluidics
• Nanotechnology
Synthetic Biology Market Key Players:
• Thermo Fisher Scientific (US)
• Ginkgo Bioworks (US)
• Amyris (US)
• Precigen (US)
• Agilent Technologies, Inc. (US)
• GenScript Biotech Corporation (US)
• Twist Bioscience (US)
• Synthetic Genomics (US)
• Codexis (US)
• Synthego (US)
• Cyrus Biotechnology (US)
• ATUM US)
• TeselaGen (US)
• Arzeda (US)
• Integrated DNA Technologies (US)
• New England Biolabs (US)
• Genomatica (US)
• Illumina (US)
• Scarab Genomics (US)
• Creative Enzymes (US)
• ElevateBio (US)
• Gadusol Laboratories (US)
• Merck KGaA (Germany)
• Biomax Informatics AG (Germany)
• Bit Bio Ltd. (UK)
• Ingenza Ltd (UK)
• LGC Limited (UK)
• SybiCITE (UK)
• Novozymes A/S (Denmark)
• Eurofins Scientific (Luxembourg)
• Royal DSM (Netherlands)
• Novartis Pharma AG (Switzerland)
• SilicoLife (Portugal)
• GeneWorks Pty Ltd. (Australia)
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Table of content for the Synthetic Biology Market includes:
Global Synthetic Biology Market: Research Methodology
Global Synthetic Biology Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Synthetic Biology Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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