Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Synthetic Biology: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Synthetic Biology estimated at US$10.8 Billion in the year 2022, is projected to reach a revised size of US$77.5 Billion by 2030, growing at a CAGR of 27.9% over the analysis period 2022-2030.
Oligonucleotides & Synthetic DNA, one of the segments analyzed in the report, is projected to record a 29.1% CAGR and reach US$35.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Enzymes segment is readjusted to a revised 26.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 32.5% CAGR
The Synthetic Biology market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.9 Billion by the year 2030 trailing a CAGR of 32.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.2% and 27.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 29.2% CAGR.
Select Competitors (Total 141 Featured) -
- Agilent Technologies, Inc
- Amyris, Inc
- Arzeda
- Atum
- Codexis, Inc
- Creative Enzymes
- Cyrus Biotechnology, Inc
- Editas Medicine, Inc
- Eurofins Genomics Blue Heron LLC
- Eurofins Scientific
- GENEWIZ, Inc
- GeneWorks Pty Ltd
- Genscript Biotech Corporation
- Ginkgo Bioworks
- Integrated Dna Technologies, Inc
- New England Biolabs
- Novozymes A/S
- OriGene Technologies, Inc
- Sanofi S.A.
- Synthego Corporation
- TeselaGen Biotechnology Inc
- Thermo Fisher Scientific, Inc
- Twist Bioscience
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 442 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $10.8 Billion |
| Forecasted Market Value (USD) by 2030 | $77.5 Billion |
| Compound Annual Growth Rate | 27.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Pandemic Poised to Drive Demand for Synthetic Biology
- Synthetic Biologists Create Slow-Growing Version of COVID-19 as Vaccine Candidate
- Role of Synthetic Biology in Combating COVID-19
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Synthetic Biology - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Synthetic Biology - A New Interdisciplinary Field
- Growing Importance of Synthetic Biology
- Applications of Synthetic Biology
- Synthetic Biology Tools
- Technologies Involved
- Market Outlook
- Regional Landscape
- Major Challenges and Concerns
- Teaming R&D Funding & Potential to Alter Molecular Landscape Enable Global Synthetic Biology Market to Remain in High Spirits
- Synthetic Biology to Radically Change the World for Good with Endless Applications
- Competitive Landscape
- Major Players by Industry Verticals
- Select Market Participants
- Synthetic Biology Startups Get Aggressive on Bioengineered Product Commercialization
- Compelling Breakthroughs Drive Funding
- Top Funded Synthetic Biology Startups in Q2 2020
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Synthetic Biology Market Witnesses Significant Rise in Investments
- Importance of Synthetic Biology for Investments
- Efforts from Leading Players Bodes Well for Market Growth
- Patent Landscape Gets Richer
- Synthetic Biology Patent Landscape by Assignee Countries (in %) : 2003-2020
- Top 15 Patent Assignees in Synthetic Biology Domain: 2003-2018
- Select Patent Assignees for Synthetic Biology in the US: 2019
- Robotics and Workflow Automation Support Market Expansion
- Advancements in Instrumentation Augurs Well
- Improvements in Computer-Aided Biology
- Fusion of AI and Synthetic Biology Expands Opportunities
- Synthetic Biology Brings a Paradigm Shift in the Field of Biological Research
- DNA Sequencing Plays an Important Role
- Plummeting Cost of DNA Sequencing Bolsters Market Growth
- Cost per Genome Sequencing: 2001-2020
- Food Scarcity to Fuel Synthetic Biology Application in Agriculture
- Select Companies Engaged in Making Food Using Synthetic Biology
- Synthetic Biology Aids in Development of Exotic and Artificially Grown Meats and Proteins to Meet Future Food Demand
- Growing Demand for GM Crops Opens Up Growth Avenues
- Synthetic Biology-based Ingredients Gain Traction
- Role of Synthetic Biology in Producing Plants with Desirable Characteristics
- Synthetic Biology Gains Prominence in Biomedical Applications
- Synthetic Genes Open up a New World of Drug Development
- Synthetic Biology to Transform Healthcare with Captivating Advances in Biomedicine
- Synthetic Biology Enables Creation of Advanced Biosensing Systems
- Synthetic Biology Gains Significance in Production of Bio-Based Chemicals and Biofuels
- Global Biofuels Market in US$ Billion: 2019 and 2024
- Synthetic Biology Gains Importance as Focus on Carbon Recycling Increases
- Synthetic Biology Disrupts the Cosmetics Sector
- Capability of Synthetic Biology in Environmental Applications
- Synthetic Biology Creates Buzz as Key Enabler of Exciting & Dynamic Applications for Diverse Domains
- Synthetic Biology for Advanced, Multifunctional Materials
- Genetically Engineered Fabrics and Sustainable Dyes Using Synthetic Biology to Transform Textile Industry
- Select Synthetic Biology Offerings in Textile Industry
- Personalized Medicine to Display Notable Leap Forward with Synthetic Biology
- 3D Bio-Printing
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/y93ab
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