Synthetic Biology Market size worth $ 63.78 Billion, Globally, by 2030 at 22.33% CAGR – Report By Verified Market Research®

Demand for sustainable pharmaceutical, agricultural, and energy solutions drives the Synthetic Biology business. Innovative gene editing technologies like CRISPR drive innovation. Research benefits from government assistance, investments, and collaborations. Growing biofuel, bioplastic, and personalized medical applications drive market growth. Biology and technology accelerate synthetic organism development, opening new possibilities and growing the market.


Jersey City, New Jersey, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Global Synthetic Biology Market is projected to grow at a CAGR of 22.33% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 10.42 Billion in 2021 and is expected to reach USD 63.78 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=4905

Browse in-depth TOC onSynthetic Biology Market

202 - Pages

126 – Tables

37 – Figures

Scope Of The Report

REPORT ATTRIBUTESDETAILS
STUDY PERIOD2018-2030
BASE YEAR2021
FORECAST PERIOD2022-2030
HISTORICAL PERIOD2018-2020
UNITValue (USD Billion)
KEY COMPANIES PROFILEDCyrus Biotechnology, Precigen, GenScript Biotech, Integrated DNA Technologies, New England Biolabs, Thermo Fisher Scientific, Merck Group, Synthego Corporation, etc.
SEGMENTS COVEREDBy Type, By Application, And By Geography.
CUSTOMIZATION SCOPEFree report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Synthetic Biology Market Overview:

Innovative Gene Editing Technologies Fueling Synthetic Biology Market Growth:
The Synthetic Biology market is greatly stimulated by the extensive adoption of groundbreaking gene editing technologies, namely CRISPR. These techniques provide accurate manipulation of genetic material, accelerating research and development in several industries. As corporations utilize these advanced methods to create artificial creatures, the market experiences increased innovation and speedier product development, resulting in positive growth.

Strategic Investments and Collaborations Driving Synthetic Biology Market Expansion:
Strategic investments and collaborations are crucial in driving the advancement of the Synthetic Biology industry. The combination of augmented financial resources from private and public sectors, along with cooperative endeavors among research institutions and industry participants, establishes a favorable atmosphere for pioneering breakthroughs. These collaborations facilitate the sharing of knowledge and pooling of resources, which enhances research capacities and stimulates the growth of the Synthetic Biology market.

Rising Demand for Sustainable Solutions Boosts Synthetic Biology Market Applications:
The increasing need for environmentally-friendly solutions in the healthcare, agricultural, and energy industries serves as a powerful catalyst for the growth of the Synthetic Biology market. Synthetic biology's capacity to tackle environmental and societal issues, such as the creation of biofuels, bioplastics, and tailored medicine, is in line with the increasing global focus on sustainability. The increased demand drives the market forward by enabling various applications and promoting the growth of environmentally friendly alternatives.

Convergence of Biology and Technology Unleashing Potential in Synthetic Biology Market:
The fusion of biology and technology is becoming a powerful catalyst, unleashing unparalleled opportunities in the Synthetic Biology sector. The increasing sophistication of synthetic creatures is a result of the convergence of breakthroughs in biotechnology and computational techniques with biological systems. This convergence not only speeds up research but also broadens the range of applications, placing the Synthetic Biology market at the forefront of advanced innovation.

To Purchase A Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=4905

Synthetic Biology Market Key Players Shaping the Future

Major players, including Cyrus Biotechnology, Precigen, GenScript Biotech, Integrated DNA Technologies, New England Biolabs, Thermo Fisher Scientific, Merck Group, Viridos, Codexis,, Synthego Corporation, and more, play a pivotal role in shaping the future of the market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Key Developments:

  • In September 2021, Cyrus Biotechnology announced a collaboration with Selecta Biosciences for the formation of Therapeutic Proteins. The Novel interleukin-2 (IL-2) technologies will lead to advanced innovation in therapeutic developments.
  • In November 2020, Codexis announced a collaboration with Casdin Capital to launch the Synthetic Biology Innovation Accelerator. It will be useful to develop unique product capabilities in the biotech industry.

To get market data, insights, and a comprehensive Global Synthetic Biology Market analysis, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Synthetic Biology Market into Type, Application, And Geography.

  • Synthetic Biology Market, by Type
    • Core Products
    • Enabling Products
  • Synthetic Biology Market, by Application
    • Pharmaceuticals
    • Protein Therapeutics
    • Medical Industry
    • Artificial Tissue Regeneration
    • Food & Agriculture
    • Others
  • Synthetic Biology Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Global Molecular Biology Enzymes And Kits And Reagents Market Size By Products (Enzymes, Ligase), By Application (Cloning, Synthetic Biology), By End User (Academic and Research Institute, Hospitals and Diagnostic Centres), By Geography, And Forecast

Global Cell Imagers Market Size By Product (Equipment, Consumables), By Application (Cell Biology, Developmental Biology), By Technology (Time-Lapse Microscopy, Fluorescence Recovery After Photobleaching (FRAP)), By Geography, And Forecast

Global Single Cell Multi-Omics Market Size By Type (Single Cell Genomics, Single Cell Proteomics, Single Cell Transcriptomics), By Application (Oncology, Cell Biology, Neurology), By Geography, And Forecast

Global Computational Biology Market Size By End-User (Industry, Commercial, Academics), By Application (Preclinical Drug Development, Human Body Simulation Software), By Geography, And Forecast

Top 7 Cell Culture Companies helping scientific community by growing cells in artificial environment

Visualize Synthetic Biology Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

 

Contact Data