Synthetic Biology Market Research 2022-2027: Top Companies Overview, Industry Share, Size, Growth, Scope and Forecast
SHERIDAN, WYOMING, USA, July 14, 2022 /EINPresswire.com/ — The latest research study “Synthetic Biology Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” by IMARC Group, concludes that the global synthetic biology market reached a value of US$11.17 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$32 US$.93 billion by 2027, growing at a CAGR of 18.60% in 2022-2027.
Synthetic biology refers to a field of research that involves making and designing new biological beings, such as genetic circuits, enzymes, and cells, or redesigning organisms for important reasons by designing them so that they have distinctive qualities. It integrates deoxyribonucleic acid (DNA) chemical synthesis with genomics to allow researchers to produce cataloged DNA sequences and harvest them into new genomes. He helps improve the environment by devising novel ways to reduce pollution, making industrial chemical synthesis procedures viable, and eliminating the need for damaging agricultural practices by making improved fertilizers.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Global Synthetic Biology Market Trends and Drivers:
The main market driver is the refinement in the speed and cost of DNA synthesis, which has enabled scientists to design and synthesize modified bacterial chromosomes and bio-based specialty chemicals. Additionally, the growing investments in synthetic biology and its employment in the healthcare industry are helping to improve diagnosis and develop finer treatment options for various diseases without causing side effects, which is propelling the growth of the market . Furthermore, the extensive use of genetically engineered viruses to modify faulty genes of patients with hereditary diseases such as epidermolysis bullosa or severe combined immune deficiency (SCID) is catalyzing the growth of the market. Additionally, the tools to perform synthetic biology are becoming accessible and the accessibility of the internet allows ideas to be freely reciprocated, which catalyzes the growth of the market. Additionally, the remarkable growth in the healthcare sector and the growing number of synthetic biology research institutes globally are creating a positive market outlook.
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2022-2027 Global Synthetic Biology Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Agilent Technologies Inc., Amyris Inc., Codexis Inc., Danaher Corporation, Eurofins Scientific, GenScript Biotech Corporation, Illumina Inc., Merck KGaA, New England Biolabs, Synthego Corporation, Thermo Fisher Scientific Inc., Twist Bioscience and Viridos Inc.
The report has segmented the market based on region, product, technology, and application.
Breakdown by product:
• Oligonucleotide pools/oligo and synthetic DNA
• Cloning Technology Kits
• Xenonucleic acids
• Chassis body
Breakdown by technology:
• NGS Technology
• PCR technology
• Genome editing technology
• Bioprocessing technology
Breakdown by application:
• Health care
o Biotech crops
o Specialty chemicals
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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