Synthetic Biology Global Market Sees Growth Rate Of 30% Through 2022

11 Feb, 2022

The global synthetic biology market size is expected to grow from $10.07 billion in 2021 to $13.11 billion in 2022 at a compound annual growth rate (CAGR) of 30.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The synthetic biology market is expected to reach $33.63 billion in 2026 at a CAGR of 26.6%.

What is the Global Synthetic Biology Market?

The synthetic biology market consists of sales of synthetic compound, technology and related services. Synthetic biology is a field of biology science which involve engineering principles.

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What drives the Global Synthetic Biology Market?

DNA sequencing is important in development of the synthetic biology in many ways. The DNA sequencing finds its use in many synthetic biology applications, therefore the availability of the DNA sequencing technique at low cost drives the production of products based on the applications of synthetic biology. DNA sequencing allows the researchers to determine the DNA sequences in genes and helps a researcher to create a repository of entire genomes. These repositories form the basis for the implementation of synthetic biology applications such as protein expression, directed evolution, and metabolic engineering.

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Global Synthetic Biology Market Segments
The global synthetic biology market is segmented:
By Technology: Nucleotide Synthesis and Sequencing, Bioinformatics, Microfluidics, Genetic Engineering
By Application: Pharmaceuticals and Diagnostics, Chemicals, Biofuels, Bioplastics, Others
By Product Type: Oligonucleotides, Enzymes, Cloning and Assembly Kits, Xeno-Nucleic Acids (XNA), Chassis Organism
By Geography: The regions covered in the synthetic biology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Synthetic Biology Global Market Report 2022provides market size and growth forecasts for the global synthetic biology market, global synthetic biology market share, synthetic biology market segments and geographies, synthetic biology market competitive landscape including leading competitors’ revenues, profiles and market shares. The synthetic biology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Synthetic Biology Industry Playersinclude Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Amyris, Twist Bioscience Corporation, Novozymes, New England Biolabs, Synthetic Genomics, Ginkgo Bioworks, Intrexon, E. I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Codexis, Merck KGaA, Danaher Corporation, EnBiotix, Evonetix, Prokarium, Eurofins Scientific, Origene technologies, Pareto Biotechnologies, Blue heron, Syntrox, ATUM, and DNA2.0. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.