The synthetic biology market is expected to reach USD 8.84 billion by 2022 from an estimated USD 3.57 billion in 2017, synthetic biology market at a CAGR of 19.9%.The report will help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in-turn would help them, garner a greater market share.
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While the US is expected to hold the largest share of the global synthetic biology market in 2017, China is expected to witness the highest growth during 2017 to 2022. Rising R&D funding and awareness programs regarding synthetic biology are contributing to the growth of synthetic biology market in China.
The key factors driving the growth of this market include the wide range of applications of synthetic biology, rising R&D funding and initiatives, increasing demand for synthetic genes and synthetic cells, and increasing investments in synthetic biology companies. On the other hand, possible environmental and security issues related to synthetic biology are likely to restrain the growth of this market to a certain extent. Inquire For Complete Report Copy of Synthetic Biology Market by Tool (Oligonucleotides, Chassis Organisms, Enzymes), Technology (Genome Engineering, NGS, Cloning and Sequencing), Application (Medical (Pharmaceutical, Drug Discovery), Industrial (Renewable Energy)) - Global Forecast to 2022 at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=244024
“The gene synthesis technology is expected to hold the largest share of the market in 2017”
Based on technology, the synthetic biology market is segmented into gene synthesis, genome engineering, cloning and sequencing, next-generation sequencing, site-directed mutagenesis, measurement and modeling, micro fluidics, and nanotechnology. The gene synthesis segment is expected to account for the largest share of the synthetic biology market.This is attributed to the factors such as growth in the energy and agriculture industry; applications in environmental testing; and research in DNA-based vaccines and bioengineered antibodies.
Synthetic Biology Market Target Audience is follow:
- Pharmaceutical & drug manufacturers
- Biotech companies
- Enzyme & cosmetic manufacturers
- Chemical & biofuel industries
- Food & agriculture industries
- Academic and government research institutes
- Contract manufacturing organizations (CMOs) and contract research organizations (CROs)
- Venture capitalists and investors
“Synthetic Biology Market” spread across 214 pages, profiling 12+ companies andsupported with 162 tables and 32 figures is Direct Order this Report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=244024
The major players in the global synthetic biology market are Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US). Some other players in this market include Intrexon Corporation (US), Agilent Technologies (US), Amyris (US), Genescript Biotech Corporation (US), Ginkgo Bioworks (US), Integrated DNA Technologies (US), New England Biolabs (US), Synthetic Genomics (US), and Twist Bioscience (US).
Key Point from Table of Content
6 Synthetic Biology Market, By Tool and Technology6.1 Tool
6.1.3 Cloning Technology Kits
6.1.4 Chassis Organisms
6.1.5 Xeno-Nucleic Acids
6.2.1 Gene Synthesis
6.2.2 Genome Engineering
7 Synthetic Biology Market, By Application7.1 Introduction
7.2 Medical Applications
7.2.2 Drug Discovery and Therapeutics
7.2.3 Artificial Tissue and Tissue Regeneration
7.3 Industrial Applications
7.3.1 Biofuel and Renewable Energy
7.3.2 Biomaterials and Green Chemicals
7.3.3 Industrial Enzymes
7.4 Food and Agriculture
7.5 Environmental Applications
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