Synthetic biology market Size in terms of revenue was Evaluted to be USD 10.07 Billion in 2022 and is expected to reach USD 53.36 Billion in 2029, growing at a CAGR of 26.9% from 2022 to 2029.
The synthetic biology market is expected to grow at a significant growth rate due to the number of driving factors.
Scope:
The study provides a crucial view of global synthetic biology market by segmenting the market based on products type, technology, application, and region & country level. Based upon type, the market is segmented into synthetic DNA, synthetic oligos, synthetic genes, software tools, chassis organisms, synthetic clones and synthetic cells. Based upon application, the market is segmented into pharmaceuticals & diagnostics, chemicals, biofuels, bioplastics and others. Based upon technology type, the market is segmented into nucleotide synthesis and sequencing, bioinformatics, microfluidics and genetic engineering.
Prominent players:
The Top players in the synthetic biology market are -
• Thermo Fisher Scientific Inc. (US)
• Twist Bioscience (US)
• Synthetic Genomics Inc. (US)
• Codexis Inc. (US)
• Merck KGaA (Germany)
• Agilent Technologies Inc. (US)
• Novozymes A/S (Denmark)
• Ginkgo Bioworks (US)
• Amyris Inc. (US)
• Intrexon Corporation (US)
• GenScript Biotech Corporation (China)
• Cyrus Biotechnology Inc. (US)
• ATUM (US)
• TeselaGen (US)
• Arzeda (US)
• Integrated DNA Technologies Inc. (US)
• Synthego Corporation (US)
• Eurofins Scientific (Luxembourg)
• New England Biolabs (US)
• Precigen
• Benchling
• Synlogic
• GlaxoSmithKline
• others
Segmentation Analysis:
By Tools
• Oligonucleotides
• Enzymes
• Synthetic Cells
By Technology
• Gene Synthesis
• Bioinformatics
By Application
• Tissue Regeneration
• Biofuel
• Renewable Energy
• Food & Agriculture
• Bioremediation
Market Trends:
Global synthetic biology market has witnessed a tremendous growth in the past few years and expected to continue the same within the forecast period. Several trends have emerged in synthetic biology and some technologies have crystallized and developed into key trends in the global synthetic biology market. Some of the current and latest trends of the global synthetic biology market are as follows:
A) Computer-aided Technology:
Computer-aided systems are helping researchers to create genetic circuits to order.
B) Cell-Free Technology:
Cell-free systems have recently evolved into key platforms for synthetic biology applications.
C) Food Technology:
Synthetic biology is trending in the food technology as it is an emerging technology. Synthetic biology can provide new ways to target specific nutritional deficiencies with high precision and
efficiency, but instead of nutrients being consumed, and modified bacteria can be employed to directly synthesize supplement molecules