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(IT-NEWSWIRE.COM, November 07, 2018 ) Synthetic Biology Market, an interdisciplinary branch of biology and engineering, involves designing and constructing new devices, systems and biological parts as well as re-designing existing, natural biological systems. It has various application in the field of food & agriculture, medicine, and other areas. Technologies such as, gene synthesis, genome engineering and cloning and sequencing help the researchers to understand organization of natural biological systems and design new biological entities offering various advantages to humans.
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The synthetic biology market is estimated to grow at a CAGR of 28.2% during the forecast period from 2018 to 2025. The market for synthetic biology is estimated to reach US$ 56,044.9 Mn in 2025. The market for synthetic biology is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Global synthetic biology market is driven by extensive use of enzymes kits and other gene synthesis products in research institutes and academics. Additionally, rising demand for enzyme based kits and solutions required for gene manipulation and rising awareness about genetic engineering among the healthcare professionals in developed nations also accelerate the market growth. However, competition among existing market players may restrain the growth of the market.
The Major Key Market Players:
1. Thermo Fisher Scientific Inc.
2. Merck KGaA
3. Novozymes
4. Agilent Technologies
5. Amyris
6. GenScript
7. Integrated DNA Technologies, Inc.
8. Twist Bioscience
9. New England Biolabs
10. Synthetic Genomics Inc.
In our study, we have segmented the synthetic biology market by product, technology and application. On the basis of product, the market is segmented into enzymes, oligonucleotides, chassis organisms and xeno-nucleic acids. Enzymes acquired the largest market among the products due to its wide range of applications in healthcare. On the basis of technology, the market is segmented into gene synthesis, genome engineering, measurement and modeling, cloning and sequencing, nanotechnology, and others. Gene synthesis has the largest market share among the technologies due to an increasing research and development activities in genetics and growing number of market players offering products and solutions for gene synthesis. On the basis of application, global synthetic biology market is segmented into industrial applications, food and agriculture, medical applications, environmental applications, and others. Geographically, the market for synthetic biology is segmented into North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South and Central America (S&CAM).
In North America, the market is driven by an increasing investment by government organizations and institutes such as Department of Energy, the National Science Foundation (NSF), Department Of Defense (DoD), the National Institutes of Health (NIH), and the US Department of Agriculture (USDA). While, Asia Pacific is the fastest growing market driven increasing investment by private sector companies such as Evolva Biotech Pvt. Ltd and increasing demand for synthetic biology technologies of industrial and medical applications.
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The major players operating in the market of synthetic biology market include ThermoFisher Scientific Inc., Merck KGaA, Novozymes, Agilent Technologies, Amyris, GenScript, Integrated DNA Technologies, Inc., Twist Bioscience, New England Biolabs, Synthetic Genomics Inc. and others.
Table Of Content:
1 INTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2 Global Synthetic Biology Market – Key takeaways
3 Global Synthetic Biology Market – market landscape
3.1 overview
3.2 market segmentation
3.3 Global Synthetic Biology Market – By product
3.4 Global Synthetic Biology Market – By TEchnology
3.5 Global Synthetic Biology Market – By Application
3.6 Global Synthetic Biology Market – By Geography
3.7 PEST Analysis
3.7.1 North America – PEST Analysis
3.7.2 Europe – PEST Analysis
3.7.3 Asia Pacific – PEST Analysis
3.7.4 Middle East & Africa – PEST Analysis
3.7.5 South & Central America – PEST Analysis
4 Global Synthetic Biology Market – Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Increasing Investments for Synthetic Biology
4.1.2 Technological Advancements
4.1.3 Rising Numbers of Start-up Companies
4.2 Key Market Restraints
4.2.1 Renewed Regulations for Biotechnology
4.3 Key Market Opportunities
4.3.1 Company initiatives in Synthetic Biology Market
4.4 Future Trends
4.4.1 Advanced Synthetic Biology
4.5 Impact analysis
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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