Global Synthetic Biology Market Size and Forecast to 2030

  • Product Code:
    RP-ID-10060076
  • Published Date:
    15 Sep 2021
  • Region:
    Global
  • Pages:
    114
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-12

Impact Analysis on the Growth of Market

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Market Overview:

Synthetic biology market to cross USD 15 Billion by end of 2022, marking a CAGR of more than 10% between 2022 and 2030. The engineering and design of new bio-based equipment, systems and components, as well as the redesign of naturally occurring biological systems, are called synthetic biology or engineering biology. This is done to develop genetically modified organisms so that they can perform new preferred functions, thereby increasing the yield of biological systems. Synthetic biology is a revolutionary new method of biological science that applies engineering principles to biology to manufacture new biological equipment, systems and components.

Synthetic biology has recently entered the commercial market and is in its infancy. Consumer products on the market today, such as those on the shelves of department stores or supermarkets, contain ingredients made through advanced manufacturing and engineering methods. The original goal of synthetic biology was to produce biofuels, and recently it has expanded to industries such as flavoring agents, flavoring agents, and cosmetics. Standard industrial fermentation and molecular biology are also used to produce renewable and sustainable algae oil, which will ease the pressure on the ecosystem due to habitat destruction and deforestation.

The development of cheap synthetic procedures in life sciences is one of the most important functions of synthetic biology. The knowledge of DNA sequencing is established by synthetic biology, as well as biochemistry, medicine, food crop improvement, and green energy. Synthetic biology has some potential environmental applications, such as biotransformation, immobilization of various chemicals, detection of pathogens and environmental pollutants, in-situ biodegradation, etc. It will attract governments from least developed countries and developing countries.
It invests Market drivers are the advancement of molecular biology, the decline in data generation costs due to the decline in the price of DNA sequencing, the increase in government funding and the increase in demand for renewable energy such as biofuels, the increasing demand and requirements for improved vaccines and drugs. Genetically modified crops due to population growth.

PRODUCT INFORMATION:

The key product segment of the synthetic biology market is commodities and enabling factors. The main products include synthetic genes, synthetic DNA, synthetic cells, chassis organisms and XNA (hetero-nucleic acid), and the empowering products include oligonucleotide synthesis and DNA synthesis. Synthetic DNA has the largest market share because it is widely used in research and development and is more commercialized than any other product segment, and has a high market penetration rate.

APPLICATION INFORMATION:

The main application areas covered by this report are agriculture, chemical industry (excluding biofuels), biofuels and healthcare, and others (R&;D, biosafety, energy and environment). Healthcare occupies the largest market share. The production of artemisinin is considered to be one of the best applications for health. Some potential applications of synthetic biology in health and food include regenerative medicine, stem cell reprogramming, new treatment methods, and the efficient production of nutraceuticals, such as food supplements, vitamins and preservatives. Biofuels are one of the most profitable parts of the market.

TECHNICAL INSIGHTS:

The key technical areas of the synthetic biology market are DNA sequencing, genome engineering, biological components and embedded systems, and bioinformatics. Genome engineering has the largest market share, followed by DNA sequencing and bioinformatics. Technologies and strategies developed for specific and targeted modification of the genome or genetics are called genome engineering.

REGIONAL INFORMATION:

Geographically, the global synthetic biology market is divided into North America, Europe, Asia Pacific and Rest of the World (RoW). Due to factors such as government assistance, funding, favorable regulations, and drug development, North America has the largest market share, leading to the development of regenerative drugs. Europe is the fastest growing market due to factors such as the growth rate of genetically modified crops and animals and biofuels in Western Europe such as the United Kingdom, France and Germany. The UK is considered to be one of the most innovative and dynamic healthcare industries and is expected to grow in the near future.

COMPETITIVE APPROACH:

Amyris Inc is a major player in this market. Agrivida, Algenol Biofuels Co., Inc. and Bayer AG, ATG: Biosynthetics GmbH, CBC Biomarker Center GmbH, Pioneer Corporation, Bristol-Myers Squibb, Biosearch Technologies, Inc. GeneScript and Geneworks Pvt Ltd and Ginkgo Bioworks, Exxon Mobil, Evolva SA and DuPont, Inc. and Cobalt Technologies, New England Biolabs, Inc. other areas.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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