Synthetic Biology Market revenue expected to grow by 25.4% from 2024 to 2030, reaching nearly US$ 71.30 Bn

Synthetic Biology Market Report Scope and Research Methodology:

The Synthetic Biology market report provides a detailed analysis of the market based on Tool, Technology, Application, and Region. It offers valuable insights, historical data, and statistically supported market statistics, aiding stakeholders in understanding core application areas and market gaps. The report is crafted using a bottom-up approach for market size estimation, with primary and secondary research methods utilized to identify major market players.

The report employs a comprehensive research methodology, combining secondary research through the analysis of annual and financial reports of leading manufacturers with primary research involving interviews with industry experts and opinion leaders. Major Key Players in the Synthetic Biology market, including Thermo Fisher Scientific, Merck KGaA, Agilent Technologies, Inc., and Novozymes A/S, have been identified and their market revenues determined.

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Synthetic Biology Market Dynamics:

Increased Funding for Research and Development in Synthetic Biology: Pharmaceutical firms are experiencing a surge in funding for research and development initiatives aimed at discovering new medicines. Government initiatives supporting diverse pharma and biotech firms have propelled nutraceutical research and medication development. Notably, R&D investment in the health sciences sector surged by 22% between 2019 and 2020, indicating a significant uptick in R&D spending over time. This heightened investment underscores the industry's commitment to developing groundbreaking substances to address healthcare needs.

Demand for Alternative Fuels: Efforts to reduce the transportation sector's reliance on fossil fuels have intensified, driving demand for alternative fuels. Biofuels, including ethanol and biodiesel, have emerged as viable alternatives to traditional hydrocarbon fuels. Synthetic biology approaches offer promising solutions for renewable energy development, enabling the production of alternative fuels from biomass. The adoption of synthetic biology in renewable energy applications is expected to fuel market growth in the coming years.

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Synthetic Biology Market Regional Insights:

North America leads the Synthetic Biology Market, with significant investments in synthetic biological products and favorable laws promoting market growth. The region benefits from robust research in proteomics, genomic structure prediction, and medication development. However, there are concerns regarding the economic implications of synthetic biology, particularly in developing nations. Government regulations will play a crucial role in shaping the future of the bioeconomy and its socio-economic impact.

Synthetic Biology Market Segmentation:

Tool: Oligonucleotides and Synthetic DNA, Enzymes, Cloning Technologies Kits, Synthetic Cells, Chassis Organisms, Xeno-nucleic Acids
Technology: Gene Synthesis, Genome Engineering, Sequencing, Bioinformatics, Site-directed Mutagenesis, Cloning, Measurement and Modeling, Microfluidics, Nanotechnology
Application: Pharmaceuticals & Drug Discovery, Artificial Tissue and Tissue Regeneration, Industrial, Food & Agriculture, Environmental
Product: Core Products, Enabling Products, Enabled Products

The market segmentation based on Technology indicates that genome engineering is expected to grow at a CAGR of 5.8% during the forecast period. Genome synthesis, metabolic pathway engineering, and gene shuffling are key areas of focus within this segment. In terms of Application, environmental applications are projected to grow at a CAGR of 6.1%, driven by initiatives such as mining metal recovery and acid mine drainage bioremediation. Regionally, North America held the largest market share in 2021, accounting for around 40% of the market, owing to increased investment and favorable government regulations.

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Synthetic Biology Market Key Players:

1. Thermo Fisher Scientific (US)
2. Ginkgo Bioworks (US)
3. Amyris (US)
4. Precigen (US)
5. Agilent Technologies, Inc. (US)
6. GenScript Biotech Corporation (US)
7. Twist Bioscience (US)
8. Synthetic Genomics (US)
9. Codexis (US)
10.Synthego (US)
11.Cyrus Biotechnology (US)
12.ATUM US)
13.TeselaGen (US)
14.Arzeda (US)
15.Integrated DNA Technologies (US)
16.New England Biolabs (US)
17.Genomatica (US)
18.Illumina (US)
19.Scarab Genomics (US)
20.Creative Enzymes (US)
21.ElevateBio (US)
22.Gadusol Laboratories (US)
23.Merck KGaA (Germany)
24.Biomax Informatics AG (Germany)
25.Bit Bio Ltd. (UK)
26.Ingenza Ltd (UK)
27.LGC Limited (UK)
28.SybiCITE (UK)
29.Novozymes A/S (Denmark)
30.Eurofins Scientific (Luxembourg)
31.Royal DSM (Netherlands)
32.Novartis Pharma AG (Switzerland)
33.SilicoLife (Portugal)
34. Pty Ltd. (Australia)

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Table of content for the Synthetic Biology Market includes:

1.Global Synthetic Biology Market: Research Methodology

2.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

3.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

4.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments

Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● 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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