- Toll Free: +1-800-792-5285
- (UK): +44-845-528-1300
- Int'l: +1-503-894-6022
- Help@alliedmarketresearch.com
Cart
|
LI_14175
|
Pages: 172
|
Jan 2016 | 13020 Views
|
|
|
|
Author(s) :
Onkar Sumant
|
Tables: 57
|
Charts: 31
|
Formats*: |
|
Global synthetic biology market was valued at $5,245.7 million in 2015, registering a CAGR of 15.5% during the forecast period 2015 - 2022. Synthetic biology is a novel area of research that is the amalgamation of multiple disciplines such as molecular biology, biotechnology, biophysics and genetic engineering among others.
.jpg)
Get more information on this report : Request Sample Pages
There are chiefly two approaches used in synthetic biology namely, top down approach and bottom up approach. Top-down approach involves the re-design and fabrication of existing biological systems for producing synthetic products. Bottom-up approach involves designing and construction of de novo biological systems or devices that do not exist in nature. An impending need to understand the functioning of genetic elements, cells and biological processes has led to the emergence of synthetic biology industry. Products developed in this new biological system are used across many industries, including pharmaceutical & diagnostics, energy, bioplastics and environment.
Assistance from government and private organizations, rising number of synthetic biology research entities and declining cost of DNA sequencing & synthesizing are the major factors driving the market growth. On the contrary, bio-safety & bio-security issues, would hinder the industry growth. The issues related to the misuse of synthetic biology or possibilities of accidental release of pathogens into free atmosphere would remain as a key challenge worldwide. However, rising demand for bio-fuels, growing awareness in emerging economies and rising R&D investments for synthetic drugs and vaccines would offer lucrative opportunities in the market.
Based on geography, the market is segmented across North America, Europe, Asia-Pacific and LAMEA regions. In 2015, Europe was the leading geography in terms of revenue generation followed by North America. Further, Europe would continue to maintain its lead position through 2020 owing to constant support from European government and private organizations, establishment of small start-ups and investment by leading companies especially in the biofuel segment. Asia Pacific is projected as the fastest growing market owing to increasing number of research entities.
The market report provides a comprehensive analysis of the leading companies operating in the global synthetic biology market. Key companies profiled in the report are Thermo Fischer Scientific, GenScript, DNA2.0, Integrated DNA technologies, Eurofins Scientific, Inc., Origene technologies, Scientific genomics Inc. Editas Medicine, Inc., Pareto Biotechnologies, Blue heron, TeselaGen, Twist biosciences, Syntrox Inc., and others.
Synthetic Biology Market Key Benefits:
The global Synthetic Biology market is segmented as:
Number of entities conducting research in the field of synthetic biology is rising enormously. During 2009 to 2013, number of companies and universities conducting such researches has risen from 61 to 192 and 127 to 204 respectively. Since the last score, cost of DNA sequencing has seen a drastic and continuous fall. This is acting as a strong factor paving way for the synthetic biology market in developing countries. Further, rise in funding by government bodies and private organizations is propelling the market growth.
On the contrary, ethical, bio-safety and security concerns are giving a bumpy ride to the market. However, these issues would be resolved with rising awareness among people and technological advances to increase the safety in synthetic biology processes. In future, the impact of the key factors influencing the market is expected to experience a change in intensity; however, the pace with which the market is growing will be maintained during the estimation period.
Synthetic biology is a new trend in the field of biotechnology and molecular biology. This has raised the bargaining power of the suppliers of core products (DNA synthesis and oligonucleotide synthesis) due to rise in demand, favored by ongoing researches in this domain. However, declining DNA synthesis and sequencing prices would lower the bargaining power of the suppliers in the due course. The demand for enabled products such as bio-fuels, chemicals, drugs and fertilizers is expected to rise with increasing acceptance of synthetic biology products and this would give a thrust to the bargaining power of enabled product suppliers during the forecast period.
Supposedly, the bio-fuel industry would undergo a paradigm shift from the present fuel manufacturing technique to the synthetic biology processes. As per International Energy Agency (IEA), worldwide transportation fuel will have a 27% share from bio fuels by 2050. Bio-fuels are expecting tremendous growth due to rising inclination of governments and consumers towards bio-based products. In terms of geography, Asia Pacific is the fastest growing market that is assisted by improved economic conditions, which would allow investments in research and development. However, Europe would continue to lead the market throughout the analysis period due to due to huge investment in the research.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
