Synthetic Biology Market size was valued at US$ 11.66 Bn. in 2022 and the total Synthetic Biology revenue is expected to grow by 25.4% from 2022 to 2029, reaching nearly US$ 56.86 Bn.

Synthetic Biology Market Overview

The market overview of the Synthetic Biology industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

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Synthetic Biology Market Report Scope and Research Methodology

The research methodology employed in the report on the Synthetic Biology Market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Synthetic Biology market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Synthetic Biology market, which involves aggregating data from individual segments to arrive at a total market size estimate.

Synthetic Biology Market Regional Insights

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

Synthetic Biology Market Segmentation

The genome engineering market is anticipated to expand at a CAGR of 5.8% over the course of the projected year, according to Technology. According to synthetic genomics, DNA serves as a cell's "causal engine." Starting with a whole genome, top-down synthetic genomics systematically removes "non-essential" genes to shrink the genome to the minimum size at which the cell can function normally. A streamlined "chassis" to which modular DNA "components" can be added is the main goal. Bottom-up synthetic genomics makes an effort to assemble whole genomes from artificial DNA fragments. Currently, due to the numerous DNA sequences that are needed but whose functions are unknown, natural genomes are needed as models.

The environmental application category is anticipated to expand at a CAGR of 6.1% over the course of the projected period. Environmental applications are another area of synthetic biology research, most of which would involve the release of organisms created through synthetic biology procedures outside of the laboratory or their controlled use. Scientists anticipate that improved mining metal recovery and acid mine drainage bioremediation will be achieved through the use of designed microbial consortia, supported in part by synthetic biology technology. Synthetic biology techniques are being used to create whole-cell biosensors that can detect the presence of a target, such as arsenic in drinking water.

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Synthetic Biology Market Key Players

• Thermo Fisher Scientific (US)
• Ginkgo Bioworks (US)
• Amyris (US)
• Precigen (US)
• Agilent Technologies, Inc. (US)
• GenScript Biotech Corporation (US)
• Twist Bioscience (US)
• Synthetic Genomics (US)
• Codexis (US)
• Synthego (US)
• Cyrus Biotechnology (US)
• ATUM US)
• TeselaGen (US)
• Arzeda (US)
• Integrated DNA Technologies (US)
• New England Biolabs (US)
• Genomatica (US)
• Illumina (US)
• Scarab Genomics (US)
• Creative Enzymes (US)
• ElevateBio (US)
• Gadusol Laboratories (US)
• Merck KGaA (Germany)
• Biomax Informatics AG (Germany)
• Bit Bio Ltd. (UK)
• Ingenza Ltd (UK)
• LGC Limited (UK)
• SybiCITE (UK)
• Novozymes A/S (Denmark)
• Eurofins Scientific (Luxembourg)
• Royal DSM (Netherlands)
• Novartis Pharma AG (Switzerland)
• SilicoLife (Portugal)
• GeneWorks Pty Ltd. (Australia)

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Key questions answered in the Synthetic Biology Market are:

What is Synthetic Biology?
What are the factors driving the Synthetic Biology Market growth?
What are the factors are limiting the Synthetic Biology Market growth?
What was the Synthetic Biology market size in 2021?
Which trends are expected to generate additional revenue for the Synthetic Biology market growth?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Synthetic Biology Market?
What growth strategies are the players considering to increase their foothold in the Synthetic Biology Market?
Who held the largest market share in the Synthetic Biology Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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