The global Synthetic Biology Market is expected to witness a stupendous CAGR in the years to come. This could be attributed to its presence across loads of end-users like industrial chemicals, agriculture, and healthcare. The synthetic biology market would be catalyzed further by extensive research along with collaboration of technology, science, and engineering for designing, redesigning, producing or modifying biological systems, genetic materials, and living organisms. The U.S., according to National Science Foundation, did invest close to $820 million between 2008 and 2014 in synthetic biology and is expected to continue with the same in the upcoming period as well.
Market Overview:
Food security has been a matter of utmost concern off late. Population explosion, environmental stress, and changing climate are adding to the concern. Factors like production of food with much better shelf life, and tailored medicinal or nutritional value are expected to bolster the applications of synthetic biology in agricultural and food sector. At the same time, ethical risk and biosafety regarding synthetic biology could hamper the expansion of business. The tools used in synthetic biology as of now include Oligonucleotides, enzymes, cloning technology kits, Chassis Organisms, and Xeno-Nucleic Acid.
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Key Players:
ATUM,
Pareto Biotechnologies
OriGene Technologies, Inc.,
Integrated DNA Technologies, Inc.,
GenScript,
Synthetic Genomics
Growth Drivers:
The synthetic biology market is segmented based on product, application, technology, and geography. By product, the market says core products, enabled products, and enabling products. By technology, it spans DNA synthesis, DNA sequencing, computational modelling, bioinformatics technology, nanotechnology, microfluidics technology, pathway engineering, modular protein assembly, genome engineering, and synthetic microbial consortia.
By application, the synthetic biology industry says environmental (bioremediation, whole-cell biosensors), and medical application (drug delivery therapeutics, pharmaceuticals, artificial tissue and regeneration), and industrial application (biofuel and renewable energy, industrial enzyme, food & beverages, paper industry, personal care, biomaterials & green chemicals). By geography, the market says North America (U.S., Canada, Mexico, and the Rest of North America), LATAM (Brazil, Venezuela, Argentina, Costa Rica, Columbia, Peru, and the rest of LATAM), Europe (U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark, and the Rest of Europe), Asia Pacific (India and the rest of Asia Pacific), and MEA.
Synthetic biology Technology Outlook (Revenue, USD Million, 2012 - 2020)
- DNA sequencing
- Genome engineering
- Biological Components and Integrated Systems and Bioinformatics
The players contributing to the synthetic biology market include ATUM, Pareto Biotechnologies, Inc., OriGene Technologies, Inc., Integrated DNA Technologies, Inc., GenScript, Synthetic Genomics, Inc. and Blue Heron Biotech, LLC. Organic growth is on the anvil. For instance – Thermo Fisher Scientific, Inc., in 2018, did license its CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) from Board Institute and ERS Genomics University of California for enhancing its genome editing IP portfolio.
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The global Biopreservation Market size is likely to reach USD 8.93 billion by 2022 which is projected to grow at a CAGR of 17.3% during the forecast period.
Rapid growth can be attributed to the rise in healthcare expenditure which is expected to boost the market in the forecast period.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/biopreservation-market/request-sample Market Synopsis of Biopreservation Market: Moreover, increasing R activities by various companies as well as research organizations funded by government initiatives in the form of grant, contacts and various other funding mechanisms have led to development of novel and innovative bio-preservation services, leading to augment the revenue growth.
For example, due to the support of the institutional and government repositories, the storage of bio-specimen has evolved to next level of advanced information from basics of patient’s phenotype, extending to genetics as well as “omics” such as proteomic information.
Product Insights The key segments included laboratory information management systems (LIMS), media and equipment.
In 2014, the equipment segment dominated the market which includes liquid nitrogen, consumables, refrigerators and freezers, having a revenue share of more than 80%.
Synthetic biology is used in medicine, agriculture, manufacturing etc.The growth in the synthetic biology market is mainly due to increasing use of synthetic biology in various medical and industrial applications, increasing research and development spending & favorable government grants and technological advancements in DNA sequencing and synthesizing and reduced cost.
Growing demand for personalized medicine further expected to boost the market growth in the coming years.Request for Sample Report: https://www.reportcrux.com/request-sample-report/Synthetic-Biology-MarketSynthetic Biology Companies 2020Top 12 Key companies in Synthetic Biology Market AnalysisThermo Fisher Scientific, Inc.Novozymes A/SAgilent Technologies, Amyris, Inc.Ginkgo BioworksGenscript Biotech CorporationIntrexon CorporationSynthetic Genomics, Inc.Twist BioscienceEurofins ScientificSynthego CorporationCodexis, Inc.Creative EnzymesThe report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the Synthetic Biology market.
Market OverviewThe market report covers a basic overview of the market from the industry perspective.
This will help the reader to get a gist about different industry dimensions from a manufacturer’s view.
The report provides different statistics and figures and charts that will help analyze trends and global Synthetic Biology market share along with its growth rate in different regions and countries.Key players across the globe are profiled in the report along with its company landscaping.
All the segments with the dominating & fastest growing sub-segments and the factors responsible for the same are studied and are mentioned in the report.Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail.
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