Synthetic Biology Market size is estimated to reach $32.4 billion by 2027- IndustryARC

August 31 13:25 2022
Synthetic Biology Market size is estimated to reach $32.4 billion by 2027- IndustryARC
Market Research Reports, Business Consulting Services & Analytics

The Synthetic Biology Market size is estimated to reach $32.4 billion by 2027, growing at a CAGR of 21.8% during the forecast period 2022-2027.

The Synthetic Biology Market size is estimated to reach $32.4 billion by 2027, growing at a CAGR of 21.8% during the forecast period 2022-2027.DNA sequencing decides the sequence of nucleotide bases in a DNA molecule. DNA sequencing is utilized in the work of Synthetic Biology in numerous ways. Naphazoline Hydrochloride Ophthalmic Solution is recorded for application as a topical ocular vasoconstrictor. Possibly one of the most hopeful facets of genome engineering together with synthetic biology is the novodesign and development of novel organisms. The synthetic clones are being utilized by research groups globally to assess corona samples, discover antiviral medications, and develop vaccines as rapidly as achievable.

Competitive Landscape:

The top 5 players in the Synthetic Biology industry are –

1. GenScript

2. Thermo Fisher Scientific Inc.

3. Amyris Inc 

4. Integrated DNA Technologies

5. Du Pont De Nemours and Company

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Segmental Analysis:

1. The emergence of novel genome-editing methods like CRISPR and the increased potential of genome-editing methods to treat genetic ailments like cystic fibrosis and diabetes are further propelling the growth of the genome engineering segment.

2. The Healthcare segment held the largest market share in 2021. This growth is owing to the accelerated growth of synthetic biology regarding the different therapeutic techniques by utilizing live bacteria, artificial cells, and engineered phages. 

3. The boost in the count of well-furnished laboratories, thriving biotechnology industry and the existence of key players like GenScript in the region are propelling the growth of the Synthetic Biology Market in the North American region.

 

Report Coverage

Report Attributes

Details

By Product

Core Products, Enabling Products, Enabled Products

By Application

Healthcare, Artificial Tissue & Tissue Regeneration, Industrial, Food And Agriculture, Environmental, Others

 

By Tool

Oligonucleotides and Synthetic DNA, Enzymes, Cloning Technology Kits, Synthetic Cells, Chassis Organisms, Xeno Nucleic Acids

By Geography

North America (the U.S, Canada, and Mexico), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), and Rest Of The World (Middle East, Africa)

 

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Market Drivers and Challenges:

1. DNA sequencing is vital for the growth of Synthetic Biology in numerous approaches. DNA sequencing finds application in abundant synthetic biology uses. Hence the ready accessibility of the DNA sequencing method at less cost propels the manufacture of products on the basis of the utilization of synthetic biology. 

2. With the increased demand to accumulate quantum of data, DNA data depository provides a solution where one DNA strand can accumulate around 455 Exabyte of data (455 billion gigabytes). The idea has thus received enormous financing from the market system and this is revealing the growth of the Synthetic Biology Market during the forecast period 2022-2027.

3. It is an effort to imitate some of the biological procedures of a real cell. The challenge is how to investigate the basis of life from the biosynthesis of living systems in the laboratory. This issue is hampering the growth of the Synthetic Biology Market.

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