Synthetic biology combines chemical synthesis of DNA with growing knowledge of genomics to enable researchers to quickly manufacture catalogued DNA sequences and assembled them into new genomes and is a new interdisciplinary area that involves the application of engineering principles to biology. The global synthetic biology market was valued at $3.57 Billion in 2017 and is estimated to reach $12.71 Billion by 2024 at a CAGR of 19.9%. Increase in R&D funding and initiatives and rising investments in synthetic biology companies are the drivers that boost the growth of the market. On the flipside, standardisation of biological parts and environmental and security issues are the restraints that hamper the growth of the market. Rising demand for protein therapeutics and increasing concerns related to fuel consumption are the opportunities for the market.
Research Study Objectives:
- Define, estimate, and forecast the Synthetic Biology market statistics by tools and technology, products, application and regions concerning the individual growth drivers, market trends and their contribution toward the Synthetic Biology market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints &Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Synthetic Biology Market Analysis
- Analysis and conclusions on the future Synthetic Biology market outlook.
Top-down and bottom-up approaches are used to validate the Synthetic Biology Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including
Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Synthetic Biology Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Synthetic Biology market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Synthetic Biology market segmentation is as follows:
By Tools & Technology
- Tools
- Oligonucleotides
- Enzymes
- Cloning Technology Kits
- Chassis Organisms
- Xeno-Nucleic Acids
- Technology
- Gene Synthesis
- Genome Engineering
- Cloning and Sequencing
- Next-Generation Sequencing
- Others
By Products
- Core Products
- Enabling Products
By Application
- Medical Applications
- Industrial Applications
- Food and Agriculture
- Environmental Applications
Geographical Analysis:
Synthetic Biology Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other
emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Synthetic Biology Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Synthetic Biology Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Synthetic Biology market players, such as
- Twist Bioscience.
- Integrated DNA Technologies (IDT)
- Intrexon Corporation
- Thermo Fisher Scientific
- Merck KGaA
- Along with these companies, many other companies are considered in the report while analysing the Global Synthetic Biology competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
