Published: Apr, 2018
According to a new research report by Transparency Market Research (TMR), the presence of a large pool of participants in the global synthetic biology market points towards a competitive vendor landscape. The leading players in this market, such as Gevo Inc., DSM, Bristol Mayer, Life Technologies, LS9 Inc., DuPont Inc., Amyris Inc., and Genomatica Inc., are focusing aggressively on research and development to strengthen their product portfolio and, subsequently, their position in this market. The investments by leading players in this market have also increased considerably, which is reflecting positively on the growth of this market. Bayer, Biosearch Technologies, Green Biologics, Ginkgo Bioworks, and Thermo Fisher Scientific are some of the other prominent players operating in this market, reports the research study.
As per the research report, the global market for synthetic biology, which stood at US$1.8 bn in 2012, is anticipated to expand exponentially at a CAGR of 32.60% during the period from 2013 to 2019 and reach a value of US$13.4 bn by the end of the forecast period. Among products, core products, especially synthetic DNA, led the global market in 2012 and is expected to remain doing so over the next few years, thanks to its higher commercial availability. Genome engineering has surfaced as the most prominent technology utilized in synthetic biotechnology. Researchers expect this technology to continue to lead over the forthcoming years, states the market report.
Widening Application Base to Boost Market’s Growth
Synthetic biology technologies and products are finding significant usage in various application areas, thanks to the remarkable increase in their popularity. “Since the organisms engineered with synthetic biology techniques are relatively reasonable, owing to their use in various industrial applications, which also translates in a reduction in the cost of research, the demand for these techniques is increasing considerably across the world,” says a TMR analyst. The increasing involvement of government bodies, research institutes, and large-scale organizations in synthetic biology research activities is likely to support this market over the next few years, notes the research study.
Europe to Maintain Lead
Among the geographies, Europe has been leading the global market for synthetic biology since the past few years. With the rise in the government participation and the increase in the funding for the development of synthetic biology, this regional market is anticipated to continue to lead in the years to come. The augmenting application of synthetic biology in healthcare, energy, and environment is also projected to boost the Europe market for synthetic biology over the forthcoming years, states the report.
The review is based on a report by Transparency Market Research (TMR), titled “Synthetic Biology Market (Product – Core Products (Synthetic DNA, Synthetic Genes, Synthetic Cells, XNA, and Chassis Organisms) and Enabling Products (DNA Synthesis and Oligonucleotide Synthesis); Technologies - Genome Engineering, DNA Sequencing, Bioinformatics, and Biological Components and Integrated Systems; Application – Healthcare, Chemicals (Bio-Fuels), Agriculture, Biosecurity, R&D, Energy, and Environment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”
Key segments of the global synthetic biology market:
- Core Products
- Synthetic DNA
- Synthetic Genes
- Synthetic Cells
- XNA (Xeno Nucleic Acid)
- Chassis Organisms
- Enabling Products
- DNA Synthesis
- Oligonucleotide Synthesis
- Genome Engineering
- DNA Sequencing
- Biological Components and Integrated Systems
- Chemicals (Including Bio-Fuels)
- Others (Biosecurity, R&D, Energy and Environment)
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207