Press release
Synthetic Biology Market Current Scenario with Future Trends Analysis to 2034
The Synthetic Biology Market Size is valued at USD 17.67 Bn in 2024 and is predicted to reach USD 97.66 Bn by the year 2034 at an 18.8% CAGR during the forecast period for 2025-2034.
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NGS plays a pivotal role in agriculture, enabling researchers to map crop genomes, identify desirable traits, and monitor genetic modifications. These advancements support the development of high-yield, pest-resistant, and climate-resilient crops, strengthening sustainable farming practices. Furthermore, artificial intelligence (AI) and machine learning (ML) are being increasingly integrated into synthetic biology, enhancing data analysis, predictive modeling, and genetic circuit design.
Another breakthrough in the field is cell-free synthetic biology systems, which eliminate the need for living cells in biomolecule production. These systems provide greater control, scalability, and efficiency, making them valuable for: On-demand synthesis of proteins and enzymesAdvanced biosensors for diagnostics Industrial applications, including synthetic enzyme production As synthetic biology continues to advance, the integration of cutting-edge technologies is poised to expand its applications, driving further growth across industries.
List of Prominent Players in the Synthetic Biology Market:
• Bota Biosciences Inc.
• Codexis, Inc.
• Creative Biogene.
• Creative Enzymes.
• Enbiotix, Inc.
• Illumina, Inc.
• Merck Kgaa
• New England Biolabs
• Eurofins Scientific
• Novozymes
• Pareto Bio, Inc.
• Scarab Genomics, Llc
• Synthego
• Synthetic Genomics Inc.
• Thermo Fisher Scientific, Inc.
• Agilent Technologies, Inc.
• Twist Bioscience
• BioBricks Foundation
• DIYbio
• Amyris
• Cyrus Biotechnology
• TeselaGen
Market Dynamics:
Drivers:
The increasing global emphasis on environmental sustainability is fueling demand for bio-based alternatives to fossil-fuel-derived products. Synthetic biology plays a crucial role in enabling the production of renewable bioplastics, biofuels, and biodegradable materials, meeting the growing need for eco-friendly solutions across various industries. In healthcare, synthetic biology is transforming medical advancements, from personalized medicine and gene therapy to cell-based treatments and vaccine development. Engineered biological systems are driving breakthrough innovations in diagnostics and therapeutics, significantly expanding their applications and market potential.
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Challenges:
Despite its potential, synthetic biology presents significant challenges. The design and optimization of synthetic organisms require multidisciplinary expertise and substantial R&D investments. The complexity of precision gene editing, metabolic engineering, and validation processes results in high development costs, posing financial barriers for smaller companies and startups seeking market entry.
Regional Trends:
North America dominates the global synthetic biology market, benefiting from substantial venture capital investments, government funding, and a robust biotechnology ecosystem. The presence of leading pharmaceutical companies, biotech firms, and research institutions fosters continued innovation and commercialization. Additionally, synthetic biology is gaining traction in biosecurity and biodefense initiatives, with increased collaboration between the public and private sectors. Meanwhile, the Asia-Pacific region is experiencing rapid market growth, driven by government initiatives, funding incentives, and expanding biotech infrastructure. Countries in the region are strengthening their focus on agricultural biotechnology and industrial applications, attracting both public and private sector investments. Although regulatory frameworks are still evolving, governments in Asia-Pacific are increasingly recognizing synthetic biology as a key driver for economic growth, food security, and technological advancement.
Recent Developments:
• In Aug 2024, Agilent Technologies Inc. declared a deal with Sangon Biotech, and a ceremony to introduce the "Digital Demonstration Laboratory" was held at Agilent Technologies Shanghai (ATS), with representatives from both companies from China in attendance. The partnership will increase Sangon's testing and analysis capabilities to better serve its clients by utilizing Agilent's extensive product line and full workflow solutions. With an emphasis on fostering advancement in the fields of synthetic biology and multi-omics, they will jointly aggressively investigate cutting-edge solutions in application areas that are critical to the biomedical and diagnostics industries.
• In Sept 2023, TeselaGen Biotechnology declared that it is signed a new multi-year contract with Joint BioEnergy Institute (JBEI) to continue their partnership through 2027. JBEI is one of four Bioenergy Research Centers (BRC) of the U.S. Department of Energy (DOE) that carry out cutting-edge research on biofuels and bioproducts, under the direction of Lawrence Berkeley National Laboratory.
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Segmentation of Synthetic Biology Market.
Global Synthetic Biology Market- By Product
• Oligonucleotide/Oligo Pools and Synthetic DNA
• Enzymes
• Cloning Technologies Kits
• Xeno-Nucleic Acids
• Chassis Organism
Global Synthetic Biology Market- By Technology
• NGS Technology
• PCR Technology
• Genome Editing Technology
• Bioprocessing Technology
• Other Technologies
Global Synthetic Biology Market - By Application
• Healthcare
• Clinical
• Bio/Pharmaceuticals
• Diagnostics
• Non-Clinical
• Non-healthcare
• Biotech Crops
• Specialty Chemicals
• Bio-fuels
• Others
Global Synthetic Biology Market - By End Use
• Biotechnology and Pharmaceutical companies
• Academic and Research Institutes
• Others
Global Synthetic Biology Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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