The
global synthetic
biology market was valued at $3,933.9 million in 2014,
and it is expected to grow with a CAGR of 35.4% during the period 2015 - 2020.
The global synthetic biology market is growing, due to increasing support from government organizations, and growing
geriatric population. In addition, 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.
Explore More About “Global Synthetic
Biology Market” at: https://www.psmarketresearch.com/market-analysis/synthetic-biology-market
On
the basis of type of segment, the technology segment is expected to be the
largest market and would witness fastest growth during the forecast period.
Among the application segment, pharmaceutical and diagnostic had the largest
market size in the global market in 2014.
The
information and data in the publication “Global Synthetic Biology Market Size, Share, Development, Growth and
Demand Forecast to 2020 – Industry Insights by Enabling Technology (Gene
Synthesis, Bioinformatics, Genome Engineering, Cloning, Mutagenesis, Gene
Measurement & Modeling, Microfluidics, and Others); by Enabled Technology
(Pathway Engineering, and Next-Generation Sequencing); By Tool
(Oligonucleotides, Cloning Kits, Enzymes, Xeno Nucleic Acid, Chassis Organisms,
and Others), By Application (Pharmaceutical & Diagnostics, Chemical,
Energy, Agriculture, and Others)” represent the research and analysis
of data from various primary and secondary sources. The top-down approach has
been used to calculate the global synthetic biology market size by segment, and
application. The market numbers for countries are obtained through top-down
approach. P&S Market Research analysts and consultants interacted with the
authorities from leading companies of the concerned domain, to substantiate
every value of data presented in this report. The company bases its primary
research on discussions with prominent professionals and analysts in the
industry, which is followed by informed and detailed, online and offline
research.
The increasing support from
government organizations and growing geriatric population are playing a pivotal
role in the growth of this market. 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 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. However stringent
regulatory requirements, expensive research procedures, and harmful effects of
synthetic biology act as hindrance in the growth of the global market. The growing number of mergers and acquisitions is one
of the latest trends observed in this market.
Geographically, North America dominated the
global market, among all the regions in 2014; and it is expected to grow with a
CAGR of 35.2% during the period 2015 – 2020. However, the Asian market is
expected to witness fastest growth, with a CAGR of 39.8% during the forecast
period.
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.
SYNTHETIC BIOLOGY
MARKET SEGMENTATION
Ø
Technology
o
Enabled Technology
§
Gene Synthesis
§
Bioinformatics
§
Genome Engineering
§
Cloning
§
Mutagenesis
§
Gene Measurement and Modeling
§
Microfluidics
o
Enabling Technology
§
Pathway Engineering
§
Next Generation Sequencing
Ø
Tool
§
Oligonucleotide
§
Cloning Kit
§
Enzyme
§
Xeno Nucleic Acid
§
Chassis Organisms
Ø
Pharmaceutical and R&D
Ø
Chemical
Ø
Energy
Ø
Agriculture
Ø
North America - The U.S., Canada, and Rest
of North America
Ø
Europe - the U.K., Germany, France, Italy,
Spain, and Rest of Europe
Ø
Asia - China, Japan, India, and Rest of
Asia
Ø
Rest of the World (RoW)
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