Global Synthetic Biology Market

Synthetic Biology Market Size, Share, Growth Analysis, By Tool (Oligonucleotides and Synthetic DNA, Enzymes, Cloning Technologies Kits, Synthetic Cells), By Application (Medical Application, Pharmaceuticals, Drug Discovery and Therapeutics, Other Medical Application), By Technology (Gene Synthesis, Genome Engineering, Sequencing, Bioinformatics), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35H2209 | Region: Global | Published Date: October, 2024
Pages: 165 | Tables: 132 | Figures: 81

Synthetic Biology Market Regional Insights

Geographically, the synthetic biology market is leading in North America owing to several factors like robust research and development architecture. Mainly, Canada and the United States holds a strong infrastructure for research and development. This comprises top-class universities, research institutes, and biotech companies that fuel inventions and advances in the domain of synthetic biology. Moreover, growing funding and heavy investments in synthetic biology and biotechnology from both public and private sectors aid better research and development of technologies in the region. The leading vendors operating in North America include Thermo Fisher Scientific, Agilent Technologies, Ginkgo Bioworks, and Amyris, Inc. among others. 

The market in Asia-Pacific is observed to be the fastest growing due to speedy economic growth and expanding R&D capabilities. Asia-Pacific is currently actively investing in developing its research capabilities and increasing its R&D competencies. Nations like South Korea, Japan, and China are engaged in developing modern laboratories and research capabilities, aiding improvements in synthetic biology. Moreover, funding and government initiatives are helping the market grow. government is supporting the market growth by funding programs, offering funding, subsidies, and more. These factors are helping the market grow considerably in the region. 

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FAQs

Global Synthetic Biology Market size was valued at USD 11.3 Billion in 2022 and is poised to grow from USD 14.18 Billion in 2023 to USD 87.27 Billion by 2031, at a CAGR of 25.5% over the forecast period (2024-2031).

Synthetic Biology Market providers need to focus on maximizing their business scope by reaching into new markets and developing synthetic biology for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be essential for new synthetic biology companies going forward. The development of custom robots for specific applications across different industry verticals will also help companies expand their sales potential in the future. 'Genentech Inc. (U.S.)  ', 'Sorenson Genomics, LLC (U.S.)  ', 'Abbott Molecular (U.S.)  ', 'Bayer Diagnostics (U.S.)  ', 'Genomic Health (U.S.)  ', 'Thermo Fisher Scientific Inc. (US)  ', 'Merck KGaA (Germany)  ', 'Agilent Technologies (US)  ', 'Novozymes (Denmark)  ', 'Ginkgo Bioworks (US)  ', 'Amyris (US)  ', 'Precigen, Inc. (US)  ', 'GenScript (China)  ', 'Twist Bioscience (US)  ', 'Synthetic Genomics (US)  ', 'Codexis, Inc. (US)  ', 'Synthego (US)  ', 'Creative Enzymes (US)  ', 'Eurofins Scientific (Luxembourg)  ', 'Bota Biosciences Inc. (China)  ', 'Creative Biogene (US)  ', 'Enbiotix, Inc. (US)  ', 'Illumina, Inc. (US)  ', 'New England Biolabs (US)  ', 'Pareto Bio, Inc. (US) '

Synthetic biology is improving the emergence of novel therapies, diagnostics, and vaccines, impacting the surging use in healthcare and pharmaceutical sectors. Furthermore, the said technology is used in the development of genetically tailored crops with improved resistance to diseases and pests, which aids agriculture productivity and food security. These factors are impressively helping the growth of the synthetic biology market. 

Engineered gene’s expression is dictated by complex & dynamic epigenetics and DNA sequence. This over-activates synthetic constructs, resulting in inconsistent outcomes. Owing to this feature, the newbies in the market are bringing innovations in epigenetics technologies to navigate and handle these intricacies. 

Geographically, the synthetic biology market is leading in North America owing to several factors like robust research and development architecture. Mainly, Canada and the United States holds a strong infrastructure for research and development. This comprises top-class universities, research institutes, and biotech companies that fuel inventions and advances in the domain of synthetic biology. Moreover, growing funding and heavy investments in synthetic biology and biotechnology from both public and private sectors aid better research and development of technologies in the region. The leading vendors operating in North America include Thermo Fisher Scientific, Agilent Technologies, Ginkgo Bioworks, and Amyris, Inc. among others. 

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Global Synthetic Biology Market

Report ID: SQMIG35H2209

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