Press release
Synthetic Biology Market Size to Expand at a CAGR of 25.4 % in the Forecast Period of 2024-2030
Synthetic Biology Market
Synthetic Biology Market Overview:
The global synthetic biology market is on a trajectory of significant expansion, driven by technological advancements, increased research funding, and strategic industry collaborations. Valued at approximately USD 14.62 billion in 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 25.4%, reaching nearly USD 71.30 billion by 2030.
Synthetic biology, an interdisciplinary field combining biology and engineering, focuses on designing and constructing new biological parts, devices, and systems, as well as re-designing existing natural biological systems for specific purposes. This innovative approach has applications across various sectors, including healthcare, agriculture, and environmental science, enabling advancements such as the development of novel therapeutics, sustainable biofuels, and biodegradable materials.
Download a Free Sample Report Today : https://www.maximizemarketresearch.com/request-sample/616/
Synthetic Biology Market Dynamics
The market's growth is propelled by several factors, including increased funding for research and development, advancements in DNA sequencing and synthesis technologies, and the rising demand for bio-based products. Pharmaceutical companies are investing heavily in synthetic biology to discover new medicines, supported by government initiatives promoting biotech research. Additionally, the declining cost of DNA sequencing has made synthetic biology more accessible, fostering innovation and application in various industries.
Synthetic Biology Market Outlook and Future Trends :
The future of the synthetic biology market appears promising, with substantial growth anticipated in regions like Asia-Pacific, driven by increasing awareness, supportive government policies, and collaborations with Western companies. The integration of artificial intelligence and machine learning with synthetic biology is expected to further accelerate research and development, leading to more efficient and cost-effective solutions.
Key Recent Developments
In July 2022, Ginkgo Bioworks, a U.S.-based biotech company, acquired Zymergen for $300 million. This strategic acquisition aims to strengthen Ginkgo's platform, expand its product portfolio, and reduce costs, enhancing its capabilities in the synthetic biology sector.
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
by Application
Pharmaceuticals & Drug Discovery
Artificial Tissue and Tissue Regeneration
Industrial
Food & Agriculture
Environmental
by Product
Core Products
Enabling Products
Enabled Products
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/request-sample/616/
Some of the current players in the Synthetic Biology Market are:
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)
For additional reports on related topics, visit our website:
Dental Tourism Market https://www.maximizemarketresearch.com/market-report/dental-tourism-market/147417/
External Fixator Market https://www.maximizemarketresearch.com/market-report/global-external-fixator-market/115611/
Global eClinical Solutions Market https://www.maximizemarketresearch.com/market-report/global-eclinical-solutions-market/3843/
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Size to Expand at a CAGR of 25.4 % in the Forecast Period of 2024-2030 here
News-ID: 3955569 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR …
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
► Get a sample of the…
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 …
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essential…
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of …
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, is…
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire …
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/
♦ Key Highlights
Market size…
More Releases for Bio
Human Plasma Products Market 2023: Industry Future Trends | Takeda, CSL, Grifols …
The Human Plasma Products market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with…
Gene Therapy Products Market | Advantagene, Avalanche Bio, Bluebird Bio, Cellado …
The global gene therapy products market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the gene therapy products 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 factors driving the growth…
Bio-based Polymethyl Methacrylate (Bio-PMMA) Market 2023 | Detailed Report
The Bio-based Polymethyl Methacrylate (Bio-PMMA) 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.
The Bio-based Polymethyl Methacrylate (Bio-PMMA) research report…
Bio Pharma Buffer Market – A comprehensive study by Key Players: Bio-Rad, Lonz …
Latest Market intelligence report released by HTF MI with title "COVID-19 Outbreak-Global Bio Pharma Buffer Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020" is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Bio Pharma Buffer Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary…
IVIG Market Anticipated a Noteworthy CAGR during 2019-2024 & Companies Included …
A report added to the rich database of Qurate Business Intelligence, titled “World IVIG Market by Product Type, Players and Regions - Forecast to 2024”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the…
Green & Bio-based Solvents Market Analysis, Demand, & Opportunities till 2023 | …
A latest research report titled as “Green & Bio-based Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the…
