Global Synthetic Biology Market to Reach New Heights with Rapid Growth Driven by Innovation and Investment

The global synthetic biology market, valued at USD 13.17 billion in 2022, is expected to grow at a strong compound annual growth rate (CAGR) of 18.9% in the coming years, according to a new report. Growth is being fueled by rising research and development activities, expanding applications in healthcare and industry, and increasing investments in synthetic biology start-ups.

Synthetic biology is transforming how medicines, vaccines, and sustainable products are developed. Researchers are now creating new treatments, including living biotherapeutics, advanced diagnostics, and next-generation bio refineries. Commercially available products such as small carbon-based monomers are already being used as alternatives to traditional petroleum-based materials, offering more sustainable solutions.

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One of the key drivers of this growth is the development of advanced technologies that accelerate research and product development. High-throughput tools and next-generation techniques now allow scientists to rapidly design, test, and refine biological systems. Computational tools for pathway design, precision cellular reprogramming, and DNA editing technologies such as CRISPR-Cas9 are making it possible to engineer cells and organisms with increasingly complex capabilities. These breakthroughs are enabling the production of renewable chemicals, bio-based specialty materials, enhanced biofuels, and even food ingredients.

Falling costs in DNA sequencing and synthesis have also opened new opportunities. Scientists are now able to design modified bacterial chromosomes at lower costs, leading to innovations in both health-related solutions and sustainable industrial products. Machine learning, biological data science, and computer-aided design are further supporting rapid progress in the sector.

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The synthetic biology market is also benefiting from strong financial support. Over the past decade, more than USD 12 billion has been invested in the sector, with USD 4 billion raised in 2019 alone. Major biotechnology players like Bayer and Novartis, global investors such as SoftBank and a16z, and accelerators like Y Combinator and IndieBio have all directed funds toward companies driving innovation in the field.

Start-ups and established companies are launching a wide range of products using synthetic biology approaches. For example, in July 2022, German company Insempra announced a strategic investment in Solena Materials, a spinout from Imperial College London that develops high-performance garment fibers using synthetic biology. This reflects the growing interest in sustainable and innovative consumer goods powered by biology.

Several service-based companies have also entered the market to provide outsourced expertise in genetic engineering and nucleic acid production. Ginkgo Bioworks, Zymergen, and Twist Bioscience are among the leading players offering synthetic biology as a service. In addition, companies such as Synthace and Teselagen Biotechnology are leveraging artificial intelligence to design DNA and RNA sequences more efficiently.

Some major companies included in the global Synthetic Biology market report are:
Ginkgo Bioworks

Amryris

Mammoth Biosciences, Inc.

Twist Bioscience.

Illumina, Inc.

Codexis, Inc.

Synthetic Genomics Inc.

Asimov, Inc.

UPSIDE Foods

Evonetix Ltd

These advancements are expanding the reach of synthetic biology across multiple industries. Beyond healthcare and pharmaceuticals, synthetic biology is now being applied to chemicals, biofuels, food production, agriculture, and environmental solutions. The ability to design sustainable substitutes for natural and petroleum-based products is further strengthening its role in shaping the future economy.

Looking ahead, continued investments and technological breakthroughs are expected to accelerate market growth. As new tools, automation, and data-driven approaches make synthetic biology more accessible, the market is likely to see rapid adoption across industries seeking innovative and sustainable solutions.

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Synthetic Biology Market Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global synthetic biology market on the basis of product, technology, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2019-2032)
Synthetic Deoxyribonucleic Acid (DNA) and Oligonucleotides

Enzymes

Synthetic Cells

Chassis Organisms

Xeno-nucleic acids

Others

Technology Outlook (Revenue, USD Billion; 2019-2032)
DNA Synthesis

Site-directed Mutagenesis

Cloning

Bioinformatics

Nucleotide Sequencing

Microfluidics

Others

Application Outlook (Revenue, USD Billion; 2019-2032)
Medical & Healthcare

Drug Delivery & Therapeutics

Diagnostics

Pharmaceuticals

Tissue Regeneration

Environment & Agriculture

Bioprocess Technology

Others

End-use Outlook (Revenue, USD Billion; 2019-2032)
Pharmaceutical & Biotechnology Companies

Clinical & Diagnostic Laboratories

Academic Research Institution

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This release was published on openPR.