Synthetic Biology Market Size
Synthetic Biology Market is estimated to grow from USD 5.43 Billion in 2019 to reach USD 29.44 Billion by 2027, at a CAGR of 23.6% during 2020-2027.
Synthetic biology is new interdisciplinary field of science that deals of redesigning or engineering of organisms with desired traits or produce. Synthetic biology is used in medicine, agriculture, manufacturing etc.
The growth in the synthetic biology market is mainly due to increasing use of synthetic biology in various medical and industrial applications, increasing research and development spending & favorable government grants and technological advancements in DNA sequencing and synthesizing and reduced cost. Growing demand for personalized medicine further expected to boost the market growth in the coming years.
|Final Report will have an in-depth analysis of the COVID-19 impact on the Synthetic Biology Market|
Synthetic Biology Market by Technology (Genome Engineering, Gene Synthesis, Bioinformatics, Sequencing, Cloning, Site-directed Mutagenesis, Microfluidics and Others); by Product (Enzymes, Oligonucleotides & Synthetic DNA, Cloning Technology Kits, Chassis Organisms, Synthetic Cells and Others); by Application (Medical Applications, Food & Agriculture, Industrial Applications and Environmental Applications) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
Market Drivers, Restraining, Opportunities
Drivers responsible for growth in the market include:
• Increasing use of synthetic biology in various medical and industrial applications
• Increasing research and development spending & favorable government grants
• Technological advancements in DNA sequencing and synthesizing and reduced cost
Factors restraining market growth:
• Concerns about biosafety and biosecurity
• Ethical issues and stringent regulations
Market Opportunities include:
• Increasing numbers of startups in the field of synthetic drugs and vaccines
• Increasing demand for personalized medicine and protein therapeutics
Synthetic Biology Companies 2020
Top 12 Key companies in Synthetic Biology Market Analysis
- Thermo Fisher Scientific, Inc.
- Novozymes A/S
- Agilent Technologies, Amyris, Inc.
- Ginkgo Bioworks
- Genscript Biotech Corporation
- Intrexon Corporation
- Synthetic Genomics, Inc.
- Twist Bioscience
- Eurofins Scientific
- Synthego Corporation
- Codexis, Inc.
- Creative Enzymes
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the Synthetic Biology market.
The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global Synthetic Biology market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.
Economy Trends & Strategic Analysis
Various drivers, restraints and opportunities in the Synthetic Biology market are analyzed in detail in the report. Key drivers that make the overall market grow are discussed thoroughly, along with its impact on the sales of different product types. Report also features restraining factors that are likely to restrain the market growth. As well, different opportunities which will propel the market in future and bring new growth avenues for major market players are discussed in detail. This will help in understanding the overall dynamics prevailing in the historic as well as in coming years.
Apart from this, the report covers various collaborations, mergers and acquisitions, regional expansions, new product launches and product pipelines for the key players involved in the market.
The report describes in detail market segmentation by dividing the market based on its Technology, Product, Application and region and is analyzed from 2016 to 2027 by value and volume. All the segments are evaluated by taking into consideration the historic and future trends. All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.
Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
Based on the Technology, the global market is segmented into Genome Engineering, Gene Synthesis, Bioinformatics, Sequencing, Cloning, Site-directed Mutagenesis, Microfluidics and Others. Based on the Product, the global market is segmented into Enzymes, Oligonucleotides & Synthetic DNA, Cloning Technology Kits, Chassis Organisms and Others.
Based on the Application, the global market is segmented into Medical Applications, Food & Agriculture, Industrial Applications and Environmental Applications. Medical application segment is sub segmented into Pharmaceuticals, Drug Discovery and Therapeutics, Artificial Tissue and Tissue Regeneration and Other Medical Applications.
Industrial application segment is sub segmented into Biofuel and Renewable Energy, Biomaterials and Green Chemicals, Industrial Enzymes and Other Industrial Applications. Environmental applications segment is sub segmented into Bioremediation, Biosensing and Other Environmental Applications. Trend analysis for all the segments is provided in detail in the report.
Market is divided regionally and by country level into North America (U.S. Canada & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia & Rest of Asia Pacific), Latin America (Brazil, Mexico & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and understanding of the market and the regional and country level value and volume scenario and essentials for the industry. Current market insights on the regional level are studied and centered while market estimation, thus giving the reader a specialized idea & plans, financial as well as recent market advancements globally.
Synthetic Biology Market Scope
|Market Size in 2019||USD 5.43 Billion|
|Market Size in 2027||USD 29.44 Billion|
|CAGR (%)||23.6% from 2020 to 2027|
|Historic Period||2017 - 2018|
|Segments Covered||Technology, Product, Application, Region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Players Analysis|
Merck KGaA, Thermo Fisher Scientific, Inc., Novozymes A/S,
Agilent Technologies, Amyris, Inc., Ginkgo Bioworks,
Genscript Biotech Corporation, Intrexon Corporation,
Synthetic Genomics, Inc. (SGI), Twist Bioscience, Eurofins Scientific,
Synthego Corporation, Codexis, Inc., and Creative Enzymes
Synthetic Biology Market Segmentation
• Genome Engineering
• Gene Synthesis
• Site-directed Mutagenesis
• Oligonucleotides & Synthetic DNA
• Cloning Technology Kits
• Chassis Organisms
• Synthetic Cells
• Medical Applications
o Drug Discovery and Therapeutics
o Artificial Tissue and Tissue Regeneration
o Other Medical Applications
• Industrial Applications
o Biofuel and Renewable Energy
o Biomaterials and Green Chemicals
o Industrial Enzymes
o Other Industrial Applications
• Food & Agriculture
• Environmental Applications
o Other Environmental Applications
• North America
o Rest of North America
o Rest of Europe
• Asia Pacific
o Southeast Asia
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