Synthetic Biology Market Detailed Analysis of Current Scenario with Growth Forecasts to 2028

Synthetic biology can contribute to drug and vaccine development advances in pest control of invasive species. In response to the COVID-19 pandemic, synthetic biologists are applying cutting-edge tools to speed up the development of a successful vaccine. Their efforts illustrate synthetic biology's potential to design, build, and test solutions for an unanticipated challenge such as COVID-19. Additionally, in the COVID-19 pandemic, synthetic biology was viewed as the next step in the advancement of vaccination development. It was being used as a design tool to make vaccines more effective than ever.

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Key factors driving the market's growth are increasing investments in synthetic biology and the rising number of start-ups in the market. However, the renewed regulations for biotechnology hamper the market growth. The report highlights the key factors driving the market and prominent players' developments. With rising investments by companies, the demand for synthetic biology-based new techniques is increasing, thereby driving the synthetic biology market growth.

Synthetic Biology Market: Competitive Landscape and Key Developments: Thermo Fisher Scientific, Agilent Technologies, Merck KGaA, New England Biolabs, Integrated DNA Technologies, Twists Bioscience, Genscript Biotech Corporation, Novozymes A/S, Codexis, and Amyris.

The synthetic biology market is segmented based on products, technology, and application. Based on products, the synthetic biology market is segmented into enzymes, chassis organisms, oligonucleotides, and xeno-nucleic acids. Based on technology, the synthetic biology market is segregated into measurement & modeling, cloning & sequencing, genome engineering, gene synthesis, nanotechnology, and others. Based on application, the synthetic biology market is segmented into medical applications, industrial applications, food and agriculture, environmental applications, and others.

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