WILMINGTON, DE / ACCESSWIRE / August 29, 2022 / Transparency Market Research Inc. - The global synthetic biology market size is prognosticated to attract value of US$ 39.7 Bn by 2027, as per the study by Transparency Market Research (TMR). Moreover, the synthetic biology market analysis report states that the market is expected to expand at a CAGR of 26.3% during the forecast period of 2019 to 2027.
The TMR study offers analysis on various key factors influencing the growth trajectory of the global market, which includes the growth drivers, challenges, restraints, R&Ds, and recent developments in the global synthetic biology market. Moreover, the report enlightens readers on the synthetic biology market trends and important statistics such as volume, share, revenue, and sales in the market.
Major companies operating in the global synthetic biology market are focusing on the use of different strategies such as the next-gen product development, regulatory approvals, and launch of new products in order to expand their product portfolios. Hence, players are seen investing heavily in R&Ds. Moreover, several enterprises are using the strategies of acquisitions and collaborative agreements in order to expand their businesses, notes a TMR report on the global synthetic biology market. Such factors are anticipated to result into significant avenues for growth in the market in the near future.
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Synthetic Biology Market: Key Findings
- The demand for synthetic biology is being increasing in the treatment of different health conditions including cancer. Moreover, this technology can be used to develop effectual and robust adaptive cancer therapies that allow for precise targeting of cancer cells while avoiding damage to the healthy cells, states a TMR report on the global synthetic biology market. Over the period of past few years, there has been surge in the cases of different health disorders such as cancer across the globe. This factor is fueling the sales growth in the global synthetic biology market, note analysts of a study by TMR.
- The government authorities of several nations across the globe are increasing focus on strengthening their healthcare infrastructure. This factor is expected to drive the growth opportunities in the synthetic biology market during the forecast period. Moreover, the market is also expected to be driven by surge in the global older populace and technological advancements in the healthcare sector.
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Synthetic Biology Market: Growth Boosters
- Increase in the cases of different types of diseases is leading to the synthetic biology market growth at notable pace
- Rise in the investments by government authorities and technological advancements in the healthcare industry are propelling the market
Synthetic Biology Market: Regional Analysis
- The market is expected to gain sizable opportunities for growth in North America owing to factors such as increase in the regional patient population, existence of well-established healthcare infrastructure, surge in the number of well-equipped laboratories, increase in technological advancements, and the expansion of the biotechnology industry in the region
- The Asia Pacific synthetic biology market is anticipated to grow at a notable pace in the near future owing to increase in the older population, rise in R&Ds, and surge in initiatives by regional governments for the advancements in the healthcare sector
Synthetic Biology Market: Key Players
Some of the key players profiled in the report are:
- Evolva, Amyris
- Bayer AG
- ATG:biosynthetics GmbH
- BIONEER CORPORATION
- Bristol-Myers Squibb Company
- BASF SE
- Biosearch Technologies
- Ginkgo Bioworks
- Integrated DNA Technologies, Inc.
- Eurofins Genomics LLC
- Thermo Fisher Scientific
- OriGene Technologies, Inc.
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Synthetic Biology Market Segmentation
- Synthetic DNA
- Synthetic Genes
- Synthetic Cells
- XNA (Xeno Nucleic Acid)
- Chassis Organisms
- DNA Synthesis
- Oligonucleotide Synthesis
- Genome Engineering
- DNA Sequencing
- Biological Components and Integrated Systems
- Health Care
- Chemicals (Including Biofuels)
- Others (Biosecurity, R&D, Energy, and Environment)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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