A Report by Tool, Technology, Application, analysis and market forecast: Synthetic Biology Market

The synthetic biology sector is one of them.

Based on several factors, the global market for synthetic biology is estimated to observe a positive growth trajectory across the assessment period of 2019-2027.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=421Synthetic biology is a field in science that involves restructuring or redesigning organisms for useful purposes.

Unlike traditional cellular and molecular biology, synthetic biology focuses more on the structure and the design of core components.Though a recently emerging field, synthetic biology has come a long way and continues to follow the path of extensive growth.

Thus, these aspects will invite prominent growth prospects for the synthetic biology market.Tech-Integration to Play a Crucial Role in the Growth of the Synthetic Biology MarketIntegration of technologies like Artificial Intelligence (AI) with synthetic biology is expected to invite tremendous growth opportunities across the global market.

Designing therapeutics to tackle a number of diseases with synthetic biology will become easier when integrated with technology.

Thus, all these aspects invite exponential growth for the synthetic biology market.Transfer of Technology and Partnerships will Shape the Growth of the Synthetic Biology MarketTech-transfers and strategic collaborations will have a prominent role in the growth of the synthetic biology market.

The synthetic biology market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services.

Key players considered in the analysis of the global market are Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US), Amyris (US), GenScript (US), Ginkgo Bioworks (US), Integrated DNA Technologies (US), New England Biolabs (US), Synthetic Genomics (US), and Twist Bioscience (US).The global synthetic biology market is expected to grow from USD 3.57 billion in 2017 to USD 8.84 billion by 2022, at a CAGR of 19.9% from 2017 to 2022.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=889Synthetic biology has an array of applications in the fields of medicine, agriculture, nanotechnology, and industrial biotechnology.

This has attracted interests of researchers from across the globe and has led to a rise in funding from public and private organizations, which, in turn, help in the growth of the market.Additionally, the reduction in costs per raw megabase of DNA sequencing and a drastic reduction in the cost of synthetic genes is expected to propel the market growth of synthetic biology.

The base year considered for the study is 2016, and the forecast has been provided for the period between 2017 and 2022.Global Synthetic Biology Market Segmentation:In this report, the market is segmented by tool, technology, application, and region.

On the basis tool, the synthetic biology market is segmented into oligonucleotides, enzymes, cloning technology kits, chassis organisms, and xeno-nucleic acids.

The chassis organisms segment is expected to grow at the highest rate during the forecast period.

The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

This study involved the extensive use of both primary and secondary sources.According to the new market research report “ Synthetic Biology Market by Tools (Oligonucleotides, Enzymes, Synthetic Cells), by Technology (Gene Synthesis, Bioinformatics), by Application (Tissue Regeneration, Biofuel, Renewable Energy, Food & Agriculture, Bioremediation) – Global Forecast to 2025“, published by MarketsandMarkets™, synthetic biology market is projected to reach USD 19.8 billion by 2025 from USD 6.8 billion in 2020, at a CAGR of 23.9%.Major Growth Drivers:The growth of this market is primarily attributed to factors such as the increasing demand for synthetic genes & synthetic cells, wide range of applications of synthetic biology, declining cost of DNA sequencing & synthesizing, increasing R funding & initiatives in synthetic biology, and increasing investments in the market.Expected Revenue Growth:[256 Pages Report] The synthetic biology market is projected to reach USD 19.8 billion by 2025 from USD 6.8 billion in 2020, at a CAGR of 23.9%.Accessories to Fuel the Growth of Synthetic Biology Market :The research being conducted in the field of pharmaceuticals, synthetic vaccines, fuel alternatives, textile industry, and green chemicals is expected to propel market growth in the coming years.

Growing initiatives in this field along with the rising R funding activities with the increasing potential of synthetic biology is increasing the adoption of various tools and technologies.

The declining cost of DNA sequencing and synthesizing is improving their adoption which is aiding players to cater to a larger end user base and improve their market share.Browse in-depth TOC on “Synthetic Biology Market”234 – Tables38 – Figures256 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=889By tool, oligonucleotides and synthetic DNA dominated the synthetic biology market in 2019.Based on tools, the market segmented into oligonucleotides and synthetic DNA, enzymes, cloning technology kits, synthetic cells, chassis organisms and xeno-nucleic acid.

In 2019, the oligonucleotides and synthetic DNA segment accounted for the largest share of the market, followed by enzymes.

The large share of the segment can be attributed to the rising demand for synthetic DNA, synthetic RNA, and synthetic genes, which are used in a wide range of research applications.Gene synthesis accounted for the largest share of the synthetic biology market in 2019.Based on technology, the market is segmented into gene synthesis, genome engineering, cloning, sequencing, site-directed mutagenesis, measurement & modeling, microfluidics, nanotechnology, and bioinformatics technologies.

A recent report published by TheBusinessResearchCompany on Synthetic Biology Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Synthetic Biology Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global synthetic biology market.

The report covers the synthetic biology market’s segments- nucleotide synthesis and sequencing, bioinformatics, microfluidics, genetic engineering, pharmaceuticals and diagnostics, chemicals, biofuels, bioplastics, oligonucleotides, enzymes, cloning and assembly kits, xeno-nucleic acids (XNA), and chassis organism.Synthetic Biology Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.It also compares the market’s historic and forecast growth.

It covers all the regions, key developed countries and major emerging markets.

It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.New technological advances in the field of DNA sequencing has enabled researchers to use DNA to store non-genetic information.