Global Synthetic Biology Market – Industry Analysis and Forecast (2019-2026) _ by Product (Enabling Products and Core Products), by Technology (Genome Engineering, DND Sequencing and Others), by Application and by Geography
Synthetic Biology aims to make a combination of engineering and biological processes as it uses engineering principles to design and assemble biological components. Synthetic biology is a Redesign of existing biology system with the help of various novel entities like genetic circuits, enzymes, cells. Synthetic biology enables us to go from idea to product faster, cheaper, and with greater precision than ever before with the inclusion of
• Advance Chemistry
• Biology
• Computer Science
• Engineering.
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Synthetic Biology Market valued USD 3.17 Billion in 2016 and expected to reach USD 20.29 Billion by 2026, at a CAGR of 20.4%.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the Application, product, technology and geography to assist in strategic business planning.
Rising R&D funding and initiatives, increasing demand for protein therapeutics, synthetic genes and synthetic cells, renewal fuels, bio-based chemicals, expensive drugs, and vaccines that utilize synthetic biology are expected to drive the growth of the Synthetic Biology solutions market during the forecast period. However, high expenses, strict regulations regarding safety and uncertainty in government policies are expected to restrain the market growth.
Genome Engineering Segment is anticipated to register highest growth rate in the Synthetic Biology Market during the forecast period:
Genome Engineering segment is anticipated to lead the market over forecast period. Genome Engineering provides wide range of applications such as producing vaccines, engineering enzymes to restrict cancer growth, producing sustainable biofuels, improving crop yield, and detecting.
Europe is expected to lead the Synthetic Biology Market during the forecast period:
Europe is anticipated to hold substantial market share over forecast period. Higher investment in developing synthesis of biologically based or biologically inspired systems are some of the factors driving the market growth in this region.
Scope of the Report:
Global Synthetic Biology Market, By Product: Enabling Products and Core Products
Global Synthetic Biology Market, By Technology: Genome Engineering, DND Sequencing, Bioinformatics, Biological components and integrated systems and Others
Global Synthetic Biology Market, By Application: Chemicals, Healthcare, Agriculture and Others
Global Synthetic Biology Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
Some of the key players operating in the Synthetic Biology Market include
• Thermo Fisher Scientific Inc
• Novozymes
• Integrated DNA Technologies, Inc
• Synthetic Genomics Inc
• Genscript
• Amyris
• Koninklijke DSM N.V.
• New England Biolabs
• Intrexon
• Dupont