Press release
Synthetic Biology Market size was valued at USD 14.62 Bn. in 2023 and the total Synthetic Biology revenue is expected to grow by 25.4 percentage from 2024 to 2030,
Synthetic Biology Market
Synthetic Biology Market size was valued at USD 14.62 Bn. in 2023 and the total Synthetic Biology revenue is expected to grow by 25.4 percentage from 2024 to 2030, reaching nearly USD 71.30 Bn.
Synthetic Biology Market Overview:
The synthetic biology market, valued at USD 14.62 billion in 2023, is a rapidly evolving multidisciplinary field encompassing biotechnology, genetic engineering, systems biology, and more. It focuses on creating and redesigning biological systems and components using advanced tools like DNA sequencing, bioinformatics, and metabolic engineering. By 2030, the market is projected to grow at a robust CAGR of 25.4%, reaching USD 71.30 billion. This growth is driven by increasing applications in pharmaceuticals, agriculture, and energy, alongside advancements in genome engineering and synthetic genomics.
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Drivers in the Synthetic Biology Market:
The synthetic biology market is being propelled by increasing funding for research and development in biotechnology and pharmaceuticals. Governments and private institutions are prioritizing innovation in drug discovery, biofuels, and agricultural applications. The rise of CRISPR and other genome-editing technologies is also enabling more efficient and precise biological engineering, which in turn is attracting significant investment from public and private sectors alike.
Synthetic Biology Market Trends:
A key trend in the synthetic biology market is the surge in research and development of sustainable biofuels and environmentally-friendly bioproducts. With growing concerns about climate change and fossil fuel depletion, synthetic biology is being harnessed to engineer microbes and organisms for renewable energy sources. Additionally, the rise of personalized medicine and the development of synthetic DNA-based therapeutics are shaping the future of healthcare within the sector.
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Synthetic Biology Market Opportunities:
The synthetic biology market presents significant opportunities in developing sustainable biofuels, agricultural enhancements, and advanced therapeutics. With global efforts to transition towards greener energy sources, synthetic biology could revolutionize biofuel production. In agriculture, the use of genetically engineered organisms to improve crop yields and resistance holds great potential, while in healthcare, synthetic biology can drive innovations in personalized medicine and genetic therapies.
What is Synthetic Biology Market Regional Insight?
North America holds the largest share of the synthetic biology market, accounting for around 40% in 2021, driven by significant investment, favorable government policies, and robust research activity in the region. The U.S. leads in synthetic biology innovations, supported by organizations like DARPA and the National Institutes of Health. Other regions, such as Europe and Asia-Pacific, are also showing substantial growth due to increased investments in bioengineering, biopharmaceuticals, and biofuels.
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Segmentation Analysis of the Synthetic Biology Market
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
by Application
Pharmaceuticals & Drug Discovery
Artificial Tissue and Tissue Regeneration
Industrial
Food & Agriculture
Environmental
by Product
Core Products
Enabling Products
Enabled Products
Who is the largest manufacturers of Synthetic Biology Market worldwide?
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)
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Key Offerings:
Past Market Size and Competitive Landscape
Synthetic Biology Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Synthetic Biology Market Segmentation - A detailed analysis by Product
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
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