What is Synthetic Biology?
Synthetic biology is a new interdisciplinary area that involves the application of engineering principle to biology. It is a designing and constructing biological modules, biological systems and biological machines or redesigning of existing biological systems for useful purposes. Synthetic biology researchers and companies around the world are working to solve problems in medicine, manufacturing and agriculture. It is widely used in medical and pharmaceutical fields to produce and manufacture improved biological drugs and systems to solve various challenges in the healthcare sector.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher Scientific (United States), Novozymes (Denmark), Merck Group (Germany), Intrexon (United States), Agilent Technologies (United States), Amyris (United States), GenScript (United States), Ginkgo Bioworks (United States), Integrated DNA Technologies (United States) and New England Biolabs (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Core Products {Synthetic DNA, Synthetic Cells, Synthetic Genes, XNA and Chassis Organisms} and Enabling Products {DNA Synthesis and Oligonucleotide Synthesis}) , by application (Healthcare, Chemicals, Agriculture and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Synthetic Biology market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Synthetic Biology market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Thermo Fisher Scientific (United States), Novozymes (Denmark), Merck Group (Germany), Intrexon (United States), Agilent Technologies (United States), Amyris (United States), GenScript (United States), Ginkgo Bioworks (United States), Integrated DNA Technologies (United States) and New England Biolabs (United States).
Market Overview:
On 7th March 2018, Agilent Technologies announced that it has signed a definitive agreement to acquire privately-held Advanced Analytical Technologies, Inc. (AATI), a provider of capillary electrophoresis-based (CE) solutions for the fully-automated analysis of a range of molecules.
Influencing Trend:
Rising Use in Bio-Plastics and Bio-Alcohols
Market Growth Drivers:
Initiatives by the Government for Research and Development and Increased Demand for Better-Quality Drugs and Vaccines
Challenges:
Ethical Concerns and Stringent Regulations
Restraints:
Issues Related To Environment and Safety
Opportunities:
Rising Use in Bio-Plastics and Bio-Alcohols and Increasing Research and Development Investments
Key highlights of the Global Synthetic Biology market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Synthetic Biology market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Synthetic Biology market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Synthetic Biology Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Synthetic Biology market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Synthetic Biology market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Synthetic Biology Manufacturers, Research Institutes and Organizations, Government Body & Associations and End-user.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.