This study involved four major activities in estimating the current size of the synthetic biology market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.
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The report "Synthetic Biology Market by Tools (Oligonucleotides, Enzymes, Synthetic Cells), Technology (Gene Synthesis, Genome Engineering), Application(Tissue Regeneration, Biofuel, Consumer Care, Food & Agriculture, Environmental) and Region - Global Forecast to 2026" The global synthetic biology market size is projected to reach USD 30.7 billion by 2026 from USD 9.5 billion in 2021, at a CAGR of 26.5% during the forecast period.
Factors such as a wide range of applications of synthetic biology, the rising R&D funding and growing initiatives in synthetic biology, declining cost of DNA sequencing and synthesizing, and increasing investments in the market are propelling the growth of this market.
Key Market Players
Key players in the synthetic biology market are 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 (US), Synthego (US), Creative Enzymes (US), and Eurofins Scientific (Luxembourg).
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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
• Cloning Technologies Kits
• Synthetic Cells
• Chassis Organisms
• Xeno-nucleic Acids
Synthetic Biology Market, by Technology
• Gene Synthesis
• Genome Engineering
• Site-directed Mutagenesis
• Measurement and Modeling
Synthetic Biology Market, by Application
• Medical Application
o Drug Discovery and Therapeutics
Cancer Detection & Diagnostics
Other Drug Discovery and Therapeutic Applications
• Artificial Tissue and Tissue Regeneration
o Stem Cell Regulation
o Other Tissue and Tissue Regeneration Applications
• Industrial Applications
o Biofuel and Renewable Energy
o Biomaterials and Green Chemicals
o Industrial Enzymes, by Application
Consumer Care Industry
Skin Care & Cosmetics
Other Consumer Care Products
• Food & Agriculture
• Environmental Applications
The report provides insight into the following pointers:
Market penetration: Comprehensive information about the product portfolio of the best players of the Synthetic Biology.
Competitive assessment: In-depth assessment of the market strategy, the market of leading players in the region and business segments.
Product Development / Innovation: Detailed insights into upcoming technologies, R&D activities, and product launch markets.
Market Development: Comprehensive information about emerging markets. This report analyses the market across a variety of segments and regions.
Market diversification: complete information about new products, undeveloped geography, recent developments, and investments in the Synthetic Biology.
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