Information Technology & Telecommunication / Synthetic Biology Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players - Thermo Fisher, Novozymes, Merck KGaA, Intrexon
Synthetic Biology Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Thermo Fisher, Novozymes, Merck KGaA, Intrexon
The global Synthetic Biology Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 26.5% during the review period (2022 to 2027)
Synthetic Biology Market Overview
Synthetic Biology is one of the breakthrough technologies developed by mankind from chemistry, biology, computer science and engineering which finally changed the approach towards therapeutics. It has a varied areas of applications in biofuels, industrial enzymes, vaccine and antibody production, bio-based chemicals and synthetic biology life science research. Synthetic biologists develop such biological systems using by molding the core components (genetic circuits, chunk of enzymes and metabolic pathways) and understanding their performance while using these smaller parts or devices into the specific integrated systems. The production of new medicines is now done by using synthetic biology on a cellular, molecular and genetic level to address the emerging health problems. Internationally, companies have started investing in Synthetic biology as several governmental bodies are turning towards biomass and climate change. In past few years synthetic biology has gained industrial interest which has a large scale applications and potential of new gene editing techniques are some of the drivers for this market.The rapid development of synthetic biology has driven the healthcare industry with respect to the varied therapeutic approaches by using live bacteria, artificial cells, and engineered phages. For instance, it has enabled life technologies to design and manufacture antigens and variants with rapid results, high expression, and capacity. Synthetic biology has several applications starting from drug and vaccine development, applications manufacturing, and diagnostic tests.
Industry News
In January 2021, Novozymes launched Frontia GlutenEx. It would help wheat processors increase their gluten protein recovery and, at the same time, cut down on energy consumption.
In February 2021, Merck partnered with BioNTech (Germany) to supply lipids for the production of Pfizer-BioNTech COVID-19 Vaccine (BNT162b2).
In September 2020, the United States-based Synthetic biology startup, Zymergen Inc., received USD 300 million in a new funding round from Baillie Gifford & Co. to accelerate the company’s R&D activities in synthetic biology.
What are the major Applications, Types and Regions for Synthetic Biology Market?
By Type, it is segmented into
Gene Synthesis
Genome Engineering
Cloning and Sequencing
Next-Generation Sequencing
Site-Directed Mutagenesis
Measurement and Modeling
Microfluidics
Nanotechnology
Others
By Applications it is segmented into
Medical Applications
Industrial Applications
Food and Agriculture
Environmental Applications
Other
Synthetic Biology Market Regional Analysis
North America accounted for the main revenue share of over 40% in 2020 due to the increased investments for the development of synthetic biology products, favorable regulations, and government assistance. Synthetic biology start-ups, such as Sana Biotechnology, Moderna Therapeutics, Apeel Sciences, Poseida Therapeutics, and Greenlight Biosciences, had raised more than USD 3 billion in the first half of 2020.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Synthetic Biology Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Synthetic Biology Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Synthetic Biology Market Report Scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 26.5% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Synthetic Biology Report
Evaluate Synthetic Biology market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Synthetic Biology market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Synthetic Biology Market is studied from 2017 - 2027.
What is the growth rate of Synthetic Biology Market?
The Synthetic Biology Market is growing at a CAGR of 26.5% over the next 5 years.
What regions does this Synthetic Biology Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
