Global synthetic biology workstation market segmentation by application and geography
Technavio’s report on the global synthetic biology workstation market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including pharmaceutical and biotechnology, food and agriculture, biochemicals, and biofuels. As projected in 2017, around 37% of the market share originated from pharmaceutical and biotechnology. The growth can be attributed to the use of synthetic biology in applications such as drug discovery, drug synthesis, bioprocess, and industrial biotechnology, which has increased the demand for the pharmaceutical and biotechnology industry.
Based on geography, the global synthetic biology workstation market has been segmented into APAC, EMEA, and the Americas. As of 2017, 46% of the market share came from the Americas.
“Due to significant investments by venture capitalists and a large number of government-funded research studies in the Americas, the region held the largest market share of the global synthetic biology workstation market. Countries such as the US and Canada dominate the market as synthetic biology techniques have spread widely across various applications. A large number of vendors present in this region are contributing to the growth of the market,” says a senior analyst at Technavio for life science research tools research.
Save more with Technavio. Buy 2 reports and get the third for free: View Technavio’s latest discounts and promotions
Synthetic biology workstation market: competitive vendor landscape
The global synthetic biology workstation market is concentrated because the major vendors hold a large share of the market. Hudson Robotics, Intrexon, Synthetic Genomics, Tecan, and Thermo Fisher Scientific are some of the players in the market. Pure-play companies are offering synthetic biology workstation. The key vendors are focusing on increasing their global footprint and are expanding into developing countries through mergers and acquisitions or partnerships with the regional vendors.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
- Increasing applications of synthetic biology
- Growing investments in synthetic biology
- Growing number of startups in synthetic biology
- Rising demand for laboratory automation
Get a sample copy of the global synthetic biology workstation market report free of cost
Access Technavio’s continuously growing life science research tools research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.