Press release
Synthetic Biology Market to Hit USD 31.52 Billion by 2029 with 20.6% CAGR
Prominent players operating in the synthetic biology market include Eurofins Scientific (Luxembourg), Amyris, Inc. (US), Novozymes A/S (Denmark), Agilent Technologies Inc. (US), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US)
The global synthetic biology market [https://www.marketsandmarkets.com/Market-Reports/synthetic-biology-market-889.html?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=syntheticbiologymarket] is anticipated to reach USD 31.52 billion in 2029 from USD 12.33 billion in 2024, with a significant CAGR of 20.6%. The major factors contributing towards the growth of the synthetic biology market include the diversified applications of synthetic biology and the bio-based products rising demand. Furthermore, the advancements in synthetic biology and rising funding in R&D and collaborations is likely to drive market adoption in the coming years.
Download PDF Brochure: [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=889&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=syntheticbiologymarket]
Browse in-depth TOC on "Synthetic Biology Market"
722 - Tables
46 - Figures
536 - Pages
The tool segment is segmented into oligonucleotides & synthetic DNA, enzymes, cloning technology kits, chassis organisms, xeno nucleic acids and synthetic cells. The oligonucleotides & synthetic DNA segment dominated tool segment in terms of market share and CAGR. The large share of this segment is attributed to the rising demand for synthetic DNA, synthetic RNA, and synthetic genes, which are used in a wide range of applications.
Based on technology, the global synthetic biology market is segmented into measurement and modeling, genome engineering, gene synthesis, cloning, site-directed mutagenesis, microfluidics, sequencing, nanotechnology and bioinformatics. The gene synthesis segment held the highest share in the synthetic biology market in 2023, and the genome engineering segment is predicted to grow at the highest CAGR during the forecast period. The increase in the demand for synthetic genes and rising competitiveness among market players with a reduction in the gene synthesis services price, coupled with technological advancements are expected to spur the adoption of gene synthesis.
Based on application, the global synthetic biology market is segmented into medical applications (pharmaceuticals, drug discovery & therapeutics [cancer detection & diagnostics, other drug discovery & therapeutic applications], artificial tissue and tissue regeneration [biosynthesis, stem cell regulation, other artificial tissue and tissue regeneration]), industrial applications (biofuel & renewable energy, industry enzymes [textile industry, paper industry, consumer care industry {skin care & cosmetics, other consumer care products}, other industries], biomaterials & green chemicals), food, animal health & agricultural applications (flavours & fragrances and other food, animal health & agricultural applications), environmental applications (bioremediation and biosensing). Medical applications segment dominated the market owing to increased adoption of synthetic biology in drug discovery and development, cancer detection across the globe.
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the synthetic biology market in 2023, and the Asia Pacific region is likely to grow at a significant CAGR during the forecast period. The growth of the Asia Pacific region is attributable to the growth in life sciences research in the region. Furthermore, the markets for biologics such as antibodies and protein-based drugs are also on the rise in the Asia Pacific region, driving growth.
Request Sample Pages : [https://www.marketsandmarkets.com/requestsampleNew.asp?id=889&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=syntheticbiologymarket]
The market for synthetic biology market is competitive, with key players strategizing to capture the majority market share. Prominent players in the synthetic biology market are Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Novozymes A/S (Denmark), Eurofins Scientific (Luxembourg), Agilent Technologies Inc. (US), Amyris, Inc. (US), Codexis, Inc. (US), Twist Bioscience (US), Genscript (US), Precigen (US), Ginkgo Bioworks (US), Viridos (US), Synthego (US), Creative Enzymes (US) and Cyrus Biotechnology (US) among others. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the synthetic biology market.
Thermo Fisher Scientific Inc. is one of the prominent players in synthetic biology with an extensive product and services portfolio, including Cas9 nucleases and gene editing mRNA pairs. Thermo Fischer's major strengths include a diverse geographical presence and strong quality standards. Thermo Fisher utilizes multiple organic and inorganic growth approaches. For example, in July 2024, Thermo Fisher & National Cancer Institute (NCI) partnered to help expedite research in novel treatments for Acute Myeloid Leukemia and Myelodysplastic Syndrome on the myelQMATCH precision medicine umbrella trial.
Merck is among the leading players in the global synthetic biology market. The company provides an extensive range of products for the synthetic biology industry, such as CRISPR & Gene editing tools. To meet the growing demand for biopharmaceuticals and biotechnological resources, Merck undertakes investments in biomanufacturing technologies that boost the capacity and productivity of biological production processes. Additionally, Merck engages in inorganic growth via the acquisition of new synthetic biology firms, thus broadening its product range and market penetration. In May 2024, Merck purchased Mirus Bio, a company mainly producing products like TransIT-VirusGEN to aid in the manufacture of viral vectors for cell and gene therapies.
For more information, [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=889&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=syntheticbiologymarket]
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=synthetic-biology-market-to-hit-usd-3152-billion-by-2029-with-206-cagr]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/synthetic-biology-market-889.html
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Biology Market to Hit USD 31.52 Billion by 2029 with 20.6% CAGR here
News-ID: 3905129 • Views: …
More Releases from ABNewswire
Denver's Best Appliance Repair Responds to Rising Demand for Emergency Appliance …
Denver's Best Appliance Repair expands emergency services across the Denver metro with same-day repairs, 7-day availability, 5-year parts warranty, and professional licensed technicians serving residential and commercial clients.
Household appliance failures don't follow a schedule. When a refrigerator stops cooling in the middle of summer or a washing machine floods a basement on a Sunday evening, families need immediate help. Denver's Best Appliance Repair has responded to this growing need by…
Oak Hill Clinic Reaches 30,000 Client Milestone with Results-Driven Deep Tissue …
Deep Relief in Oak Hill, Austin, has served 30,000 clients through specialized massage, chiropractic, and acupuncture care. The clinic accepts insurance and focuses on results-driven treatments for pain relief.
Deep Relief, an Oak Hill-based wellness clinic, has achieved a significant milestone by serving more than 30,000 clients seeking Relief from chronic pain, muscle tension, and mobility issues. The clinic's success stems from its commitment to advanced, results-focused bodywork that goes beyond…
Vertex Fleet Expands Nationwide Network to Combat Growing Trailer Drop Yard Shor …
Vertex Fleet announces major expansion of secure parking facilities nationwide, addressing the critical shortage of commercial vehicle storage with 15+ new locations featuring 24/7 security and technology-driven access.
The freight and logistics industry faces a mounting crisis as demand for secure parking spaces continues to outpace supply across the United States. Vertex Fleet [https://www.vertexfleet.com/], a leading provider of industrial outdoor storage solutions, has announced significant expansion plans to address this critical…
HVAC in Denver Sees Service Enhancement as Denver's Best Heating and AC Repair L …
Denver's Best Heating and AC Repair expands 24/7 emergency services across 23 metro cities, offering A+ rated heating, cooling, and commercial HVAC solutions with rapid response times and multi-brand expertise.
Denver's Best Heating and AC Repair [https://www.denversbestheatingandacrepair.com/]has expanded its service capabilities to meet growing demand for reliable heating and cooling solutions across the Denver Metro area. The A+ rated contractor now provides 24/7 emergency response services to 23 cities, addressing critical…
More Releases for Scientific
Introducing The Future of Multipurpose Digital Shaker Market: Thermoline Scienti …
The Multipurpose Digital Shaker report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7760790
The Multipurpose…
Four Blocks Dry Bath Incubator Market | Benchmark Scientific, Biolab Scientific, …
The global four blocks dry bath incubator market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four blocks dry bath incubator market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the…
U.S. Biomedical Refrigerators and Freezers Market 2020 Trends with Top Players - …
U.S. biomedical refrigerators and freezers market is poised to gain substantial traction in the near future. This can be mainly attributed to strong demand for the product across hospitals, diagnostic centers, pharmacies, research labs and blood banks. Biomedical refrigerators and freezers offer optimal conditions for efficient storage of biological samples.
These refrigerators and freezers are prominently used in healthcare facilities for the storage of biological samples and chemicals such as blood,…
5-Amino-3-Methylisoxazole Market Research Report 2025 | Global Key Player -Pure …
This research report titled Global (United States, European Union and China) 5-Amino-3-Methylisoxazole Market Research Report 2019-2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the 5-Amino-3-Methylisoxazole Market during the period between 2019 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities…
2019 Blood Bank Market By Key Player's Follett , Helmer Scientific , Norlake sci …
The Blood Bank Market report offers a detailed Outlook and future prospects of the Industry. The Blood Bank market report includes various topics like market size & share, Product types, applications, key market drivers & restraints, challenges, growth opportunities, key players, competitive landscape, Regions etc.
Request for the sample copy@ https://www.supplydemandmarketresearch.com/home/contact/44471?ref=Sample-and-Brochure&toccode=SDMRPH44471&utm_source=Ss
The key manufacturers in the Blood Bank include
• Panasonic Biomedical
• Dometic
• Thermo Fisher Scientific
• Vestfrost Solutions
• Follett
• Helmer Scientific
• Norlake scientific…
Hospital Laboratory Information Management Market Comprehensive Study 2019: By L …
Hospital Laboratory Information Management Market evaluates the current conditions on a large scale providing in the market developments, market size, and progress estimations. The key element details related to Hospital Laboratory Information Management market’s fundamental market segments, opportunities, and market constraints are presented in this report.
Furthermore, this report enlists the product definition, applications, market scope, and major product manufacturing regions. Records of such kind meticulously analyze the present Hospital…
