Synthetic biology is an interdisciplinary field that combines engineering and biology to design and construct new biological entities, such as genes, proteins, and cells, with specific functions. The goal of synthetic biology is to create new biological systems or modify existing ones for various applications, such as healthcare, agriculture, energy, and environment. The field has gained significant attention in recent years due to its potential to revolutionize many industries and address global challenges. The synthetic biology market is expected to grow rapidly in the coming years, driven by various factors. The global synthetic biology market was valued at USD 5.15 billion in 2021 and is projected to reach USD 23.7 billion by 2030, growing at a CAGR of 28.8% during the forecast period.
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One of the major drivers of the synthetic biology market is the increasing demand for sustainable and cost-effective solutions in various industries, such as healthcare, agriculture, and energy. Synthetic biology can help create new or improved products, such as biofuels, food ingredients, and pharmaceuticals, that are more efficient and eco-friendly than their traditional counterparts. Another driver is the rapid advancements in gene editing technologies, such as CRISPR-Cas9, that have made it easier and cheaper to modify DNA sequences and create custom-designed organisms. This has opened up new possibilities for synthetic biology applications and attracted the attention of both academia and industry.
Despite the promising growth prospects, the synthetic biology market also faces several challenges and restraints. One of the main concerns is the ethical and safety issues associated with the creation of new organisms and the potential risks of releasing them into the environment. The regulatory framework for synthetic biology is still evolving, and there are concerns about the responsible use and control of the technology. Another challenge is the complexity and unpredictability of biological systems, which can make it difficult to design and optimize synthetic biology products. The field requires interdisciplinary expertise and collaboration, and there is still much to be learned about the fundamental principles of biology and how to apply them to synthetic systems.
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Major Market Players Profiled in the Synthetic Biology Market Report include:
- Agilent Technologies, Inc.
- Codexis, Inc.
- Ginkgo Bioworks
- Illumina, Inc.
- Intrexon Corporation
- Royal Dutch Shell
- String Bio
- Thermo Fisher Scientific
- Twist Bioscience
- ZYMERGEN INC.
- Other Market Participants
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Our 420+ Pages Report titled, Synthetic Biology Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Synthetic Biology Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
- The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Synthetic Biology Market Segmentation:
- Gene Synthesis
- Genome Engineering
- Site-Directed Mutagenesis
- Food and Beverages
- Medical Application
- Cosmetic and Personal care
- Industrial and Automation
- Renewable Energy
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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