The growing applications of synthetic biology is a major driver for the growth of market.


Posted October 3, 2019 by healthcaremarket

Synthetic Biology Market by Tool (Oligonucleotides, Chassis Organisms, Enzymes), Technology (Genome Engineering, NGS, Cloning and Sequencing), Application, Industrial (Renewable Energy)) - Global Forecast to 2022
 
Synthetic biology has an array of applications in the fields of medicine, agriculture, nanotechnology, and industrial biotechnology. This has attracted interests of researchers from across the globe and has led to a rise in funding from public and private organizations, which, in turn, help in the growth of the market.

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Some of The Major Players In Synthetic Biology Market:
1. Thermo Fisher (US)
2. Novozymes (Denmark)
3. Merck KGaA (Germany)
4. Intrexon (US)
5. Agilent Technologies (US)
5. Amyris (US)
6. GenScript (US)
7. Ginkgo Bioworks (US)
8. DNA Technologies (US)

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* Synthetic biology can broadly be described as the engineering and design of new biological parts and functions such as artificial biological pathways and organisms, which can further be used to produce end-products such as biofuels, biosensors, etc. Synthetic biology also includes the redesign of natural biological systems.

* The global synthetic biology market is segmented on the basis of tool, technology, application, and region. Based on tools, the market is segmented into oligonucleotides, enzymes, cloning technology kits, chassis organisms, and xeno-nucleic acids. In 2017, oligonucleotides are expected to account for the largest share of the global market owing to the large-scale production of modified oligonucleotides for next-generation sequencing and the increasing market demand for synthetic genes.

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Issued By marketsandmarkets
Country United States
Categories Health , Medical
Tags cloning , genes , oligonucleotides , synthetic biology , technology
Last Updated October 3, 2019