DUBLIN--(BUSINESS WIRE)--The "Synthetic Biology Market to 2025 - Global Analysis and Forecasts by Products (Enzymes, Chassis Organisms, Oligonucleotides, Xeno-Nucleic Acids), Technology (Measurement & Modeling, Cloning & Sequencing, Gene Synthesis, Nanotechnology) & Application" report has been added to ResearchAndMarkets.com's offering.
The synthetic biology market is estimated to account for US$56,044.9 mn by the end of 2025, escalating at a CAGR of 28.2% during the forecast period, from 2018 to 2025, rising from US$8,244.8 mn in 2017.
Increasing number of synthetic biology startup companies in developed regions, such as North America and Europe, and growing awareness about the wide range of applications of synthetic biology are the major factors contributing to the growth of the market. Additionally, the growth is also governed by new product launches, partnerships, product approvals and collaborations by key players in the market. Additionally, the industry has attracted investments from various global leaders.
North America is the largest market for synthetic biology across the globe, whose growth is mainly driven by the increasing focus on synthetic biology technologies such as gene synthesis and genome editing. Additionally, growing investments by the major companies and technological advancements in the field of genomics, and higher acceptance by the consumers also contribute to the growth of the market in North America.
While Asia Pacific is expected to exhibit the fastest growth, with China being the largest market, followed by Japan and India. In China, the growth of the market is attributed to an increasing number of initiatives in synthetic biology, such as the launch of synthetic biology associations and rising awareness about genome engineering and research and development.
Key Topics Covered:
2. Global Synthetic Biology Market - Key Takeaways
3. Global Synthetic Biology Market - Market Landscape
4. Global Synthetic Biology Market - Key Market Dynamics
5. Global Synthetic Biology Market - Global
6. Global Synthetic Biology Market Analysis- By Product
7. Global Synthetic Biology Market Analysis- By Technology
8. Global Synthetic Biology Market Analysis- By Application
Key Company Profiles
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Agilent Technologies
- Integrated DNA Technologies, Inc.
- Twist Bioscience
- New England Biolabs
- Synthetic Genomics Inc.
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