Synthetic Biology Market

Synthetic Biology Market Statistics

The global synthetic biology market size was valued at $4,291 million in 2014, and expected to reach $14, 743 million by 2020, registering a CAGR of 23.0% during the forecast period 2015 - 2020. 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.

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 synthetic biology 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.

Key Benefits for Stakeholders

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global synthetic biology market to identify the prevailing opportunities.
• This study presents the competitive landscape of the global synthetic biology market to predict the competitive environment across geographies.
• Comprehensive analysis of factors that drive and restrict the synthetic biology market growth is provided.
• Region- & country-wise analysis is provided to understand the synthetic biology market trends and dynamics.

 Synthetic Biology Market Report Highlights