+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Synthetic Biology Market to Reach US$13.4 bn by 2019 due to Increasing Demand for Enhanced Vaccines and Drugs

Posted on Mar 22, 2016

A new Transparency Market Research report states that the global synthetic biology market stood at US$1.8 bn in 2012 and is predicted to reach US$13.4 bn by 2019. It is predicted to expand at a whopping CAGR of 32.60% from 2013 to 2019. The title of the report is “Synthetic Biology Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.” 

Browse the full Synthetic Biology Market (Synthetic DNA, Synthetic Genes, Synthetic Cells, XNA, Chassis Organisms, DNA Synthesis, Oligonucleotide Synthesis) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,2013 - 2019 report at http://www.transparencymarketresearch.com/synthetic-biology-market.html

Synthetic biology refers to an interdisciplinary branch of engineering and biology. It aims at the fabrication and redesign of biological systems and components that do not already exist in the natural world. Synthetic biology combines the increasing knowledge of genomics with the chemical synthesis of DNA for enabling researchers to quickly manufacture catalogued DNA sequences.

The increasing demand for enhanced vaccines and drugs and the development of molecular biology are amongst the chief factors fuelling the synthetic biology market. In addition, the participation and encouragement of universities and government bodies in synthetic biology research and the rising demand for genetically modified crops owing to the increasing global population are also amongst the chief factors fuelling the market for synthetic biology. On the other hand, the increasing regulations and the soaring costs of synthetic biology techniques may impede the growth of the market in the coming years.

On the basis of product, the report segments the market for synthetic biology into core products and enabling products. Amongst these, core products are further segmented into synthetic genes, synthetic DNA, synthetic cells, chassis organisms, and XNA (xeno nucleic acid). On the other hand, enabling products are further segmented into oligonucleotide synthesis and DNA synthesis. Amongst these, the segment of synthetic DNA led the market in 2012 due to the increasing commercial availability of synthetic DNA. On the basis of technology, the market is segmented into DNA sequencing, genome engineering, biological components and integrated systems, and bioinformatics. Amongst these, genome engineering technology can be utilized for modifying genetic foods, gene therapy, and gene cloning.

On the basis of application, the synthetic biology market is segmented into chemicals, healthcare, agriculture, and others including R&D, biosecurity, and energy and environment. Amongst these, synthetic biology has the largest application in the healthcare sector owing to the increasing use of synthetic biology for producing cheap vaccines and drugs. On the other hand, the segment of agriculture is poised to expand at the highest CAGR from 2013 to 2019.

In terms of geography, the report segments the market into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, in 2012, Europe led the market for synthetic biology and is predicted to expand consistently due to the rising initiatives of private organizations and governments for the development of synthetic biology in this region. On the other hand, North America held the second largest share in the market in the same year due to the rising proliferation of novel technologies in this region. The region of Asia Pacific is also poised to experience rapid growth in the market owing to increasing support from international organizations for the development of synthetic biology.

As per the report, the key players operating in the market are Agrivida, Inc., Biosearch Technologies, Inc., DuPont, Inc., Evolva SA, Exxon Mobil Corporationand others

The global synthetic biology market is segmented into the following categories:

  • Synthetic Biology Market, by Products
    • Core Products
      • Synthetic DNA
      • Synthetic Genes
      • Synthetic Cells
      • XNA (Xeno Nucleic Acid)
      • Chassis Organisms
    • Enabling Products
      • DNA Synthesis
      • Oligonucleotide Synthesis
    • Synthetic Biology Market, by Technologies
      • Genome Engineering
      • DNA Sequencing
      • Bioinformatics
      • Biological Components and Integrated Systems
    • Synthetic Biology Market, by Applications
      • Healthcare
      • Chemicals (Including Bio-Fuels)
      • Agriculture
      • Others (Biosecurity, R&D, Energy and Environment)
    • Synthetic Biology Market, by Geography
      • North America
      • Europe
      • Asia-Pacific
      • Rest of the World (RoW)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact 

Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Back To Top