Synthetic biology (SynBio) is an interdisciplinary field of study that aims to develop new biological components, gadgets, and systems while also redesigning current natural systems. This discipline of research includes approaches such as biotechnology, genetic engineering, molecular biology engineering, systems biology, membrane science, biophysics, chemical and biological engineering, electrical and computer engineering, control engineering, and evolutionary biology.
Synthetic Biology Market Scope:
This research study makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to discover and collect excerpts acceptable for this study.
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Synthetic Biology Market Overview:
The Synthetic Biology market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Synthetic Biology Market, as well as the reasons for variations in the industry’s growth in various locations.
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Synthetic Biology Market size was valued at US$ 9.3 Bn. in 2021 and the total Synthetic Biology revenue is expected to grow by 25.4% from 2022 to 2029, reaching nearly US$ 56.87 Bn.
Key Players:
The entire method entails an examination of the key market players’ financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the Synthetic Biology market are as follows:
• Thermo Fisher Scientific
• Merck KGaA
• Agilent Technologies, Inc.
• Novozymes A/S
• Ginkgo Bioworks
• Amyris
• Precigen
• GenScript Biotech Corporation
• Twist Bioscience
• Synthetic Genomics
• Codexis
• Synthego
• Creative Enzymes
• Eurofins Scientific
• Cyrus Biotechnology
• ATUM
• TeselaGen
• Arzeda
• Integrated DNA Technologies
• New England Biolabs
• Royal DSM
• OriGene Technologies
• Genomatica
• Illumina
• Scarab Genomics
Regional Analysis:
The regional description of the Synthetic Biology market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Synthetic Biology Market:
End-user industries where Synthetic Biology are utilized had a drop in growth from January 2020 to May 2020 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Synthetic Biology manufacturers, impacting the Synthetic Biology market’s growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Synthetic Biology has declined dramatically.
Key Questions Answered in the Synthetic Biology Market Report are:
- Which segment had the largest share in the Synthetic Biology market in 2021?
- What is the competitive landscape of the Synthetic Biology market?
- Which are the key drivers aiding the Synthetic Biology market growth?
- Which region has the maximum share in the Synthetic Biology market?
- What will be the CAGR of the Synthetic Biology market during the forecast period (2021-2027)?
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