Synthetic Biology Market was valued at US$ 9.6 Bn in 2021 and is expected to reached at US$ 51.2 Bn in 2029. Synthetic Biology Market size is expected to grow at a CAGR of 27.02% through the forecast period.
Synthetic Biology Market Overview:
The report includes data on market growth as well as market segmentation by regions, product type, application, and industry end-use. This report looks at current Synthetic Biology Market trends in terms of demand, supply, and sales, as well as recent changes. Using the most up-to-date Synthetic Biology Market research techniques and technology, experts offer thorough and exact marketing research reports. This report includes a thorough evaluation of the Synthetic Biology market size and share as well as a wide range of industrial verticals.
Synthetic Biology Market Scope:
This study goes through demand estimates, market trends, and micro and macro variables in great detail. This study also highlights the elements that are propelling and impeding the market's growth. The report focuses on the key drivers and restraints for key companies, as well as the current competitive landscape and development prospects. The MMR in the study gives information on prospective investment opportunities to both existing and new market participants. To provide market insights, the research use analytical approaches such as Porter's five forces analysis and PESTLE of the Synthetic Biology market. The study also identified important impending changes that will have an impact on demand over the forecast period.
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Synthetic Biology Market Segmentation:
The market segment with the highest CAGR during the forecast time is thought to be synthetic DNA and oligonucleotide/oligo pools. Custom DNA oligo design has opened up a wide range of opportunities in areas like molecular and synthetic biology. Typically in the mid-picomole range, the quantity of any given oligonucleotide that is consumed during the process of gene synthesis is negligible. This is because, following chemical synthesis, a DNA amplification step is involved in the in vitro assembly of DNA oligonucleotides. The Oligonucleotide/oligo pool and synthetic DNA market segments are expanding as a result of the falling cost of synthesis and increasing demand for synthetic DNA, RNA, and genes that are used in numerous applications.
The market share of enzymes is anticipated to expand the fastest in 2021. Companies are concentrating on producing enzymes in a way that is effective, economical, and environmentally responsible, which is driving up demand for the synthetic biology market. Instead of using the current phosphonamidite chemistry for gene synthesis, many businesses are concentrating on the adoption of enzymatic chemistry. Enzymatic synthesis may be used to produce longer genes in the quickest turnaround time, which will accelerate industry growth. These all contribute to the market for synthetic biology expanding.
Synthetic Biology Market Key players:
• Integrated DNA technologies
• Eurofins Scientific, Inc.
• Origene technologies
• Scientific genomics Inc
• Editas Medicine, Inc.
• Pareto Biotechnologies
• Blue heron
• TeselaGen
• Bota Biosciences
• Codexis, Inc.
• Creative Biogene
• Creative Enzymes
• EnBiotix, Inc.
• Eurofins Scientific
• Royal DSM
• Merck KGaA
• Agilent Technologies
• Novozymes
• Ginkgo Bioworks
• Amyris
• Precigen, Inc.
Regional Analysis:
The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Synthetic Biology market growth in different nations.
The Synthetic Biology market research has been divided into various important regions, as follows:
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Mar 07, 2023