1. Market Research
  2. > Biotechnology
  3. > Genetically Modified Organism Market Trends
  4. > Global Synthetic Biology Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Enabling Technology; by Enabled Technology; By Tool, By Application

Global Synthetic Biology Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Enabling Technology; by Enabled Technology; By Tool, By Application

  • November 2015
  • -
  • P&S Market Research
  • -
  • 145 pages

Summary

Table of Contents

The global synthetic biology market accounted for $3,933.9 million in 2014, and it is expected to grow with a CAGR of 35.4% during 2015-2020. The technology segment dominated the global synthetic biology market with about 69.8% share in 2014. Among the various applications, the pharmaceutical and diagnostic segment accounts for the largest market in the global synthetic biology market.

The global market of synthetic biology is up surging with a significant growth rate, due to increasing support from government organizations, and growing geriatric population. Some of the major organizations include National Science Foundation (NSF), National Aeronautics and Space Administration (NASA), Centre for Chemical and Synthetic Biology (CCSB), Synthetic Biology Engineering Research Center (SynBERC), and International Association Synthetic Biology (IASB). These organizations are providing support, in the form of funding and initiatives implemented by them for basic and applied research with their respective goals.

Additionally, the innovative and advanced applications of synthetic biology, increasing research activities, and increasing R&D investments in drug discovery and development are also supporting the growth of this market.

Synthetic biology is an emerging field of science, which involves the development of genetically engineered products. Moreover, it applies various techniques to design and engineer biologically-based parts, as well as redesign existing and natural occurring biological systems. The term “synthetic” has been derived from systems and compounds produced from an organism with their genetic codes, which are not usually present in the nature. It has broad range of applications in sectors, such as medical, energy, chemical environmental, agriculture, and nanotechnology. In the health and medical sector, it is used in drug discovery, and development of diagnostic kits and vaccines. In case of chemical and energy, synthetic biology is primarily involved in the biofuel production. In environmental applications, it plays an important role in bioremediation and pollution detection.

The restraints associated with the growth of the global synthetic biology market include stringent regulatory requirements, expensive research procedures, and harmful effects of synthetic biology. The growing number of mergers and acquisitions is one of the latest trends that has been observed in this market

Geographically, North America is expected to maintain its dominance in the market during 2015 - 2020. This is due to increasing prevalence of chronic diseases and aging population in the region. In addition, the increasing R&D investments and increasing technological advancements are also driving the growth of the market in the region. Europe is expected to witness marginal growth in this market in the near future. However, the Asian region is expected to witness the highest growth globally, during the forecast period. This is mainly due to increasing prevalence of chronic diseases, aging population, and growing awareness about innovative and advanced applications of genetically modified products.

The key companies operating in the global synthetic biology market include E. I. du PONT de Nemours and Company, Amyris Inc., GenScript USA Inc., Intrexon Corporation, Thermo Fisher Scientific Inc., Synthetic Genomics Inc., Royal DSM, Novozymes A/S, New England Biolabs Inc., and Integrated DNA Technologies Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Synthetic Biology: Global Markets

Synthetic Biology: Global Markets

  • $ 6650
  • Industry report
  • January 2017
  • by BCC Research

Report Highlights The global synthetic-biology market reached nearly $3.9 billion in 2016 and should reach $11.4 billion by 2021, growing at a compound annual growth rate (CAGR) of 24.0% through 2021. ...

Agricultural Biotechnology: Emerging Technologies and Global Markets

Agricultural Biotechnology: Emerging Technologies and Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Analyze existing and future agricultural biotechnology products and technologies that will be commercially important. - Receive a qualitative and quantitative description of the agricultural ...

Transfection Reagents and Equipment Market by Method, Physical, Viral, Application, End User - Global Forecast to 2021

Transfection Reagents and Equipment Market by Method, Physical, Viral, Application, End User - Global Forecast to 2021

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

The global transfection reagents and equipment market is expected to reach USD 1.02 billion by 2021 from USD 715.4 million in 2016, at a CAGR of 7.5% during the forecast period 2016 to 2021. Over the years, ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.