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Report explores the CAGR 19.9 % synthetic biology market to hit at $8.84 million by 2022

Synthetic Biology Market Penetration: Comprehensive information on product portfolios offered by key players in the global synthetic biology market. The report analyzes the global synthetic biology market by tool, technology, application, and region.

Synthetic Biology market research report review 2017-2022 of 214 pages added by RnRMarketResearch explores “Global Synthetic Biology Market” thorough knowledge along with complete information pertaining to the Synthetic Biology industry propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures,. 

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The Synthetic Biology Market is projected to grow from USD 3.57 Billion in 2017 to USD 8.84 billion by 2022, Synthetic Biology Market at a CAGR of 19.9 % during the forecast period, 2017 to 2022. 

China to witness the highest growth during the forecast period, while the US is expected to hold the largest share of the global synthetic biology market in 2017, China is expected to witness the highest growth during 2017 to 2022. Rising R&D funding and awareness programs regarding synthetic biology are contributing to the growth of synthetic biology market in China.

The key factors driving the growth of this market include the wide range of applications of synthetic biology, rising R&D funding and initiatives, increasing demand for synthetic genes and synthetic cells, and increasing investments in synthetic biology companies.

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The Synthetic Biology market ecosystem comprises manufacturers, such as Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US).

Some other players in this market include Intrexon Corporation (US), Agilent Technologies (US), Amyris (US), Genescript Biotech Corporation (US), Ginkgo Bioworks (US), Integrated DNA Technologies (US), New England Biolabs (US), Synthetic Genomics (US), and Twist Bioscience (US).

On the basis of tools, 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 witness the highest growth during the forecast period due to the increasing research on chassis organisms and the rising global demand of for alternatives to fossil fuel.

Based on technology, the synthetic biology market is segmented into gene synthesis, genome engineering, cloning and sequencing, next-generation sequencing, site-directed mutagenesis, measurement and modeling, micro fluidics, and nanotechnology. The gene synthesis segment is expected to account for the largest share of the synthetic biology market.

This is attributed to the factors such as growth in the energy and agriculture industry; applications in environmental testing; and research in DNA-based vaccines and bioengineered antibodies.

Based on application, the synthetic biology market is segmented into medical (pharmaceutical, drug discovery & therapeutics, and artificial tissue and tissue regeneration), industrial (biofuel & renewable energy, industrial enzymes, and biomaterials & green chemicals), environmental (bioremediation and biosensing), and food & agriculture applications. The pharmaceuticals sub segment is expected to account for the largest share in the market in 2017.

This is attributed to the potential of synthetic biology techniques in the development and manufacturing of APIs and small molecules on a large scale. 

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Fundamental from Table of Content: 

6 Synthetic Biology Market, By Tool and Technology
6.1 Tool
6.1.1 Oligonucleotides
6.1.2 Enzymes
6.1.3 Cloning Technology Kits
6.1.4 Chassis Organisms
6.1.5 Xeno-Nucleic Acids
6.2 Technology
6.2.1 Gene Synthesis
6.2.2 Genome Engineering
6.2.3 Cloning and Sequencing
6.2.4 Next-Generation Sequencing
6.2.5 Site-Directed Mutagenesis
6.2.6 Measurement and Modeling
6.2.7 Microfluidics
6.2.8 Nanotechnology 

7 Synthetic Biology Market, By Application
7.1 Introduction
7.2 Medical Applications
7.2.1 Pharmaceuticals
7.2.2 Drug Discovery and Therapeutics
7.2.3 Artificial Tissue and Tissue Regeneration
7.3 Industrial Applications
7.3.1 Biofuel and Renewable Energy
7.3.2 Biomaterials and Green Chemicals
7.3.3 Industrial Enzymes
7.4 Food and Agriculture
7.5 Environmental Applications
7.5.1 Bioremediation
7.5.2 Biosensing

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