Insights on the Synthetic Biology Global Market to 2028 – Featuring Thermo Fisher Scientific, Agilent Technologies and New England Biolabs Among…

DUBLIN, June 2, 2022 /PRNewswire/ --The "Global Synthetic Biology Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Products, Technology, and Application" report has been added to ResearchAndMarkets.com's offering.

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The global synthetic biology market is expected to grow from US$ 10,544.16 million in 2021 to US$ 37,850.85 million by 2028; it is estimated to grow at a CAGR of 20.0% from 2021 to 2028. The report highlights trends prevailing in the synthetic biology market and factors driving its growth. The increasing investments in synthetic biology and the rising number of start-ups are driving the market growth. However, the renewed regulations for biotechnology hamper the market growth.

Synthetic biology is the science of designing, altering, and building simple organisms to perform specific therapeutic or industrial utilities. The organisms created are genetically modified organisms (GMOs), which do not require a definition that distinguishes them from genetic modifications.

The rising number of start-ups is expected to support market growth during the forecast period. Biotechnology entrepreneurs easily raise funds and procure equipment and space from governments of the respective countries. Indie Bio (California, US) and EU (Ireland) are among the first synthetic biology accelerators. The start-ups are emerging in Asia Pacific, as governments in this region are providing funds for the domestic development of synthetic biology.

For instance, the Government of India funded IITM Bioincubator, a department of the Indian Institute of Technology Madras, to start a state-of-the-art research facility for cancer biology and a Bioinformatics Infrastructure Facility. The funds were provided by agencies such as the Council of Scientific and Industrial Research (CSIR), the Department of Biotechnology (DBT), and the Department of Science and Technology (DST).

The Indian Institute of Technology Madras raised US$ 7.86 million (550 million rupees) in the fiscal year 2016-2017. In China, Chinaccelerator is a financer that provides mentorship programs for helping start-ups. It is also associated with SOSV, a venture capital and investment management firm,, which helps establish start-ups by providing funds under programs such as RebelBio and Indie Bio. The easy availability of funds for ideas is motivating entrepreneurs in the world to establish synthetic biology businesses.

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Based on product, the synthetic biology market is segmented into oligonucleotides, chassis organisms, enzymes, and xeno-nucleic acid. The oligonucleotides segment is likely to hold the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period of 2021 to 2028. Based on technology, the synthetic biology market is segmented into, gene synthesis, genome engineering, measurement & modeling, cloning & sequencing, nanotechnology, and others. In 2021, the gene synthesis segment is likely to hold the largest share of the market. However, the genome engineering segment is expected to register highest CAGR during 2021 to 2028. The growth of genome engineering segment is owing to the rising applications of genetic engineering and gene therapy.

Further, based on application, the synthetic biology market is segmented into medical applications, industrial applications, environmental applications, food and agriculture, and others. The medical applications segment is further segmented as, drug discovery & therapeutics and pharmaceuticals. In 2021, the medical applications segment held the largest market share, and it is expected to register the highest CAGR during 2021-2028.

Various organic and inorganic strategies are adopted by companies operating in the synthetic biology market. The organic strategies mainly include product launches and product approvals. Inorganic growth strategies witnessed in the market are acquisitions, collaboration, and partnerships. These growth strategies have allowed the synthetic biology market players in expanding their business and enhancing their geographic presence, along with contributing to the overall market growth. Additionally, growth strategies such as acquisitions and partnerships helped them strengthen their customer base and extend their product portfolios.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Synthetic Biology Market - Market Landscape4.1 Overview4.2 PEST Analysis4.2.1 North America PEST Analysis4.2.2 Europe PEST Analysis4.2.3 Asia Pacific PEST Analysis4.2.4 Middle East & Africa PEST Analysis4.2.5 South & Central America PEST Analysis4.3 Experts Opinion

5. Synthetic Biology Market - Key Market Dynamics5.1 Market Drivers5.1.1 Increasing Investments in Synthetic Biology5.1.2 Rising Number of Start-Ups5.2 Key Market Restraints5.2.1 Renewed Regulations for Biotechnology5.3 Key Market Opportunities5.3.1 Collaboration Between Companies5.4 Future Trends5.4.1 Advanced Synthetic Biology5.5 Impact Analysis

6. Synthetic Biology Market - Global Analysis6.1 Global Synthetic Biology Market Revenue Forecast and Analysis6.1.1 Global Synthetic Biology Market Revenue Forecast and Analysis6.1.2 Global Synthetic Biology Market - Market Potential Analysis, By Region6.2 Company Analysis6.2.1 Market Positioning of Key Players6.2.2 Comparative Company Analysis6.2.3 Growth Strategy Analysis6.2.4 Performance of Key Players6.2.4.1 Thermo Fisher Scientific6.2.4.2 Twist Bioscience6.2.4.3 Agilent Technologies, Inc.

7. Synthetic Biology Market Analysis - By Product7.1 Overview7.2 Synthetic Biology Market, By Product, 2021 & 2028 (%)7.3 Enzymes7.3.1 Overview7.3.2 Enzyme: Synthetic Biology Market Revenue and Forecasts to 2028 (US$ Million)7.4 Oligonucleotides7.4.1 Overview7.4.2 Oligonucleotide: Synthetic Biology Market Revenue and Forecasts to 2028 (US$ Million)7.5 Chassis Organisms7.5.1 Overview7.5.2 Chassis Organisms: Synthetic Biology Market Revenue and Forecasts to 2028 (US$ Million)7.6 Xeno-Nucleic Acids7.6.1 Overview7.6.2 Xeno-Nucleic Acids: Synthetic Biology Market Revenue and Forecasts to 2028 (US$ Million)

8. Synthetic Biology Market Analysis - By Technology8.1 Overview8.2 Synthetic Biology Market Share by Technology - 2021 & 2028 (%)8.3 Gene Synthesis8.3.1 Overview8.3.2 Gene Synthesis: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)8.4 Genome Engineering8.4.1 Overview8.4.2 Genome Engineering: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)8.5 Measurement and Modeling8.5.1 Overview8.5.2 Measurement and Modeling: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)8.6 Cloning and Sequencing8.6.1 Overview8.6.2 Cloning and Sequencing: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)8.7 Nanotechnology8.7.1 Overview8.7.2 Nanotechnology: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)8.8 Others8.8.1 Overview8.8.2 Others: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)

9. Synthetic Biology Market Analysis - By Application9.1 Overview9.2 Synthetic Biology Market Share by Application - 2021 & 2028 (%)9.3 Medical Applications9.3.1 Overview9.3.2 Medical Applications: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.3.2.1 Drug Discovery and Therapeutics9.3.2.1.1 Overview9.3.2.1.2 Drug Discovery and Therapeutics: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.3.2.2 Pharmaceuticals9.3.2.2.1 Overview9.3.2.2.2 Pharmaceuticals: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.4 Industrial Applications9.4.1 Overview9.4.2 Industrial Applications: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.5 Food & Agriculture9.5.1 Overview9.5.2 Food & Agriculture: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.6 Environmental Applications9.6.1 Overview9.6.2 Environmental Applications: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)9.7 Others9.7.1 Overview9.7.2 Others: Synthetic Biology Market Revenue and Forecast to 2028 (US$ Million)

10. Global Synthetic Biology Market - Geographic Analysis

11. Impact Of COVID-19 Pandemic on Synthetic Biology Market11.1 North America: Impact Assessment of COVID-19 Pandemic11.2 Europe: Impact Assessment of COVID-19 Pandemic11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic11.5 South and Central America: Impact Assessment of COVID-19 Pandemic12. Synthetic Biology Market - Industry Landscape12.1 Overview12.2 Growth Strategies in the Synthetic Biology Market (%)12.3 Organic Developments12.3.1 Overview12.4 Inorganic Developments12.4.1 Overview

13. Company Profiles13.1 THERMO FISHER SCIENTIFIC INC.13.1.1 Key Facts13.1.2 Business Description13.1.3 Products13.1.4 Financial Overview13.1.5 SWOT Analysis13.1.6 Key Developments13.2 Agilent Technologies, Inc.13.2.1 Key Facts13.2.2 Business Description13.2.3 Products and Services13.2.4 Financial Overview13.2.5 SWOT Analysis13.2.6 Key Developments13.3 MERCK KGaA13.3.1 Key Facts13.3.2 Business Description13.3.3 Products and Services13.3.4 Financial Overview13.3.5 SWOT Analysis13.3.6 Key Developments13.4 New England Biolabs13.4.1 Key Facts13.4.2 Business Description13.4.3 Products and Services13.4.4 Financial Overview13.4.5 SWOT Analysis13.4.6 Key Developments13.5 Integrated DNA Technologies13.5.1 Key Facts13.5.2 Business Description13.5.3 Products and Services13.5.4 Financial Overview13.5.5 SWOT Analysis13.5.6 Key Developments13.6 Twist Bioscience13.6.1 Key Facts13.6.2 Business Description13.6.3 Products and Services13.6.4 Financial Overview13.6.5 SWOT Analysis13.6.6 Key Developments13.7 GenScript Biotech Corporation13.7.1 Key Facts13.7.2 Business Description13.7.3 Products and Services13.7.4 Financial Overview13.7.5 SWOT Analysis13.7.6 Key Developments13.8 Novozymes A/S13.8.1 Key Facts13.8.2 Business Description13.8.3 Products and Services13.8.4 Financial Overview13.8.5 SWOT Analysis13.8.6 Key Developments13.9 Codexis13.9.1 Key Facts13.9.2 Business Description13.9.3 Products and Services13.9.4 Financial Overview13.9.5 SWOT Analysis13.9.6 Key Developments13.10 Amyris Inc.13.10.1 Key Facts13.10.2 Business Description13.10.3 Products and Services13.10.4 Financial Overview13.10.5 SWOT Analysis13.10.6 Key Developments

14. Appendix

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Insights on the Synthetic Biology Global Market to 2028 - Featuring Thermo Fisher Scientific, Agilent Technologies and New England Biolabs Among...