The latest market intelligence report, titled ‘Global Synthetic Biology Market’, is intended to provide the target audience with the necessary information about the global Synthetic Biology industry. The report comprises a detailed analysis of the vital elements of the Synthetic Biology market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Synthetic Biology market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
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The global Synthetic Biology Market is expected to reach USD 30.7 Billion by 2026, according to a new report by MarketsandMarkets. Factors such as widespread application of synthetic biology, increasing R&D financing and initiatives in synthetic biology, decreasing DNA sequencing and synthesis costs, and increasing investment in the market are driving the growth of this market. However, biosafety, biosecurity and ethical issues related to synthetic biology will hamper the growth of this market.
Many established pharmaceutical and biopharmaceutical companies, along with players of the market, have stepped forward to contribute to worldwide research efforts by providing synthetic biology for developing test kits, treatments, and vaccines to target the infection caused by the coronavirus. Synthetic biology is highlighted as one of the emerging technologies in a report from the European Parliament. It can fight the COVID-19 pandemic. The National Institute of Health in the US has also identified synthetic biology as one way to speed up vaccine development.
Market Dynamics:
The report offers insightful information about the market dynamics of the Synthetic Biology market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Synthetic Biology market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Synthetic Biology market.
Key companies profiled in the report include:
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)
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This report categorizes the synthetic biology market into the following segments and subsegments:
Synthetic Biology Market, by Tool
- Oligonucleotides and Synthetic DNA
- Enzymes
- Cloning Technologies Kits
- Synthetic Cells
- Chassis Organisms
- Xeno-nucleic Acids
Synthetic Biology Market, by Technology
- Gene Synthesis
- Genome Engineering
- Sequencing
- Bioinformatics
- Site-directed Mutagenesis
- Cloning
- Measurement and Modeling
- Microfluidics
- Nanotechnology
Synthetic Biology Market, by Application
- Medical Application
- Artificial Tissue and Tissue Regeneration
- Industrial Applications
- Food & Agriculture
- Environmental Applications
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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