Synthetic Biology Market Size Expanding at Exuberant CAGR of 36%-38% Through to 2019-2025

March 19 16:56 2019

Synthetic Biology Market
The global synthetic biology market size was around $12.80 billion – $13.86 billion in 2018, and its value is projected to increment with a profitable CAGR of around 36% to 38% over the forecast period 2019-2025.

According to a recent business publication by IndustryARC, the global synthetic biology market size was around $12.80 billion – $13.86 billion in 2018, and its value is projected to increment with a profitable CAGR of around 36% to 38% over the forecast period 2019-2025. The analyst of the report has pinpointed North America as the dominating region, which held a maximum share of around 41% to 43% among other regions in the synthetic biology market in 2018. Additionally, the biomedicine and healthcare industries hold major synthetic biology market shares and are estimated to increase with a progressive CAGR of around 40% to 45% during the forecast period 2019-2025.

Increased adoption of synthetic biology in pharmaceuticals, drug discovery, and therapeutics are stroking the growth of the biomedicine industry. Further, the healthcare industry is witnessing remarkable growth due to the enhanced production volume of medicines and wastage reduction during the manufacturing process of medical products by using synthetic biology technology. This information is taken from the IndustryARC report titled “Synthetic Biology Market: By Tools (Xeno-Nucleic Acid, Chassis Organisms, Oligonucleotides, Cloning Technology Kits, Enzymes); By Technology (DNA Synthesis, DNA Sequencing, Computational Modelling); By Application (Environmental, Medical, Industrial); & By Geography- Forecast (2019-2025).”

Synthetic Biology Market – Product Introduction:

Synthetic biology is an emerging technology which is gaining an intensified demand from biological food & genetically modified crops to increase yields. It is used to increase the rate of natural fermentation of polymers, improve efficiency in bioprocessing of pharmaceuticals, fabrication process, and in developing bio-based products and services. Growing utilization of this technology in a wide range of potential applications that are from life sciences research to biofuel.

Additionally, significant development of synthetic biology in biofuels, biological components, DNA and bio-products are poised to escalate the growth of synthetic biology market in the near future. Synthetic biology involves redesigning of organisms to develop medicine through its better understanding of complex diseases, thus it leads to assist in developing new vaccines such as DNA vaccines and DNA-based gene therapy products to eliminate cancer. Advancing genetics and biological modeling systems are used to satisfy the significant requirement of improved drugs and vaccines.

Synthetic Biology Market Competitive Landscape:

Thermo Fisher Scientific, Gen Script, Integrated DNA Technologies, Inc., OriGene Technologies, Inc., ATUM, Synthetic Genomics, Inc., Pareto Biotechnologies, Inc., Blue Heron Biotech, and LLC are some of the major players operating in the synthetic biology market.

Thermo Fisher Scientific:

The prominent synthetic biology market company is mainly focused on the development of advanced DNA fragments used for cloning and screening to enable the identification of the desired clone. This led to an increase in global demand for all Gene Art Strings DNA products for protein expression. PHC Holdings Corporation, a global innovator of healthcare solutions, acquired Thermo Fisher Scientific for an amount of $1.14 billion in January 2019. This acquisition mainly focused, to increase further production growth to solve complex analytical challenges, to improve patient diagnostics and to deliver medicines. On the other hand, the move expands its business portfolio by offering value-added products and services across diabetes care, diagnostics, life sciences, and healthcare to meet the demand in the synthetic biology market.

In November 2018 Thermo Fisher Scientific opens a new bioprocess design center in Shanghai. It is mainly established to collaborate and connect with biologic developers to design optimal bioprocessing solutions. These solutions are widely used to enhance the performance of synthetic biology in manufacturing biologic medicines.

GenScript:

This firm provides gene synthesis services and offers solutions for synthetic biology, CRISPR genome editing and transcription activator-like effectors. In March 2017 this organization officially signed a partnership agreement with the International Genetically Engineered Machine (IGEM) foundation to establish the synthetic biology research community in China to expand its global presence. In this deal, GenScript supports the IGEM foundation, by empowering teams through its mentorship which enables the young scientists to solve real-world scientific and medical challenges, for further expansion in the synthetic biology community.

Widespread application of synthetic biology in numerous domains such as pharmaceuticals, petrochemicals, manufacturing, and agriculture is stroking the demand for the same. Growing demand for the biological food & genetically modified crops and declining prices of DNA sequencing and synthesis with advancing technologies are also expected to reflect positively on the global synthetic biology market.

 

View Full Table of Contents of Synthetic Biology Market :

https://industryarc.com/Report/15142/synthetic-biology-market.html

 

Related Reports:

A.    Computational Biology Market

https://industryarc.com/Research/Computational-Biology-Market-Research-503955

B.    Structural Biology Molecular Modeling Techniques Market

https://industryarc.com/Research/Structural-Biology-Molecular-Modeling-Techniques-Market-Research-503942

 

What can you expect from the report?

The Synthetic Biology Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Synthetic Biology Market Size by Product Categories & Application        

2. Synthetic Biology Market trends & Relevant Market Data

3. Manufacturer Landscape                                  

4. Distributor Landscape                                   

5. Pricing Analysis                                       

6. Top 10 End-user Analysis                               

7. Product Benchmarking                                   

8. Product Developments                                   

9. Mergers & Acquisition Analysis                           

10. Patent Analysis

11. Synthetic Biology Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Synthetic Biology Market  Shares Analysis

15. Value Chain Analysis

16. Synthetic Biology Market Supply Chain Analysis

17. Synthetic Biology Market Strategic Analysis

18. Synthetic Biology Market Current & Future Market Landscape Analysis

19. Synthetic Biology Market Opportunity Analysis

20. Synthetic Biology Market Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=15142

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation &Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: 1-614-588-8538 (Ext: 101)
Address:Madhapur
City: Hyderabad
Country: India
Website: http://industryarc.com/