(Companies: Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Amyris and Twist Bioscience Corporation)
The global synthetic biology market was valued at about $6.09 billion in 2018. The North American market is the largest market for synthetic biology and is expected to continue to be the largest market during the forecast period.
The synthetic biology market consists of sales of synthetic compound, technology and related services. Synthetic biology is a field of biology science which involve engineering principles.
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The global synthetic biology market is expected to grow to $19.58 billion at a rate of about 33.9% through 2022. DNA sequencing is important in development of the synthetic biology in many ways. The DNA sequencing finds its use in many synthetic biology applications, therefore the availability of the DNA sequencing technique at low cost drives the production of products based on the applications of synthetic biology. DNA sequencing allows the researchers to determine the DNA sequences in genes and helps a researcher to create a repository of entire genomes. These repositories form the basis for the implementation of synthetic biology applications such as protein expression, directed evolution, and metabolic engineering.
The bio-safety risks involved in synthetic biology restrains the synthetic biology market.
The new technological advances in the field of DNA sequencing has enabled the researchers to use DNA to store non-genetic information. With the rise in the demand to store quantum of data, DNA data storage offers a solution where one DNA strand can store about 455 Exabyte of data (455 billion gigabytes). Thus, the concept has received huge investments from the entities in the market.
Major players in the market are Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Amyris and Twist Bioscience Corporation. Amyris NASDAQ: AMRS is an American company, a science and technology leader in the research, development and production of pure, sustainable ingredients for the Health & Wellness, Clean Beauty and Flavors & Fragrances markets.
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Few Points from List Of Tables
Table 1: Global Historic Market Growth, 2014-2018, $ Billion
Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion
Table 3: Global Synthetic Biology Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 4: Global Synthetic Biology Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 5: Global Synthetic Biology Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 6: Global Synthetic Biology Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 7: Global Synthetic Biology Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 8: Asia-Pacific, Synthetic Biology Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 9: Asia-Pacific, Synthetic Biology Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Table 10: Asia-Pacific, Synthetic Biology Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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