Synthetic Biology Market Revenue to Worth Over US$ 62.8 Billion by 2026 | CAGR: 33.9%: Coherent Market Insights
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Synthetic Biology Market, by Product Type (Oligonucleotides, Enzymes, Cloning, and Assembly Kits, Xeno-nucleic Acids (XNA), and Chassis Organism), by Technology (Gene Synthesis, Next-generation Sequencing, Cloning &Sequencing, Bioinformatics, Microfluidics, Nanotechnology, Site-saturation Mutagenesis, and Mathematical Modeling), By Application (Medical Applications (Drug Discovery & Therapeutics and Artificial Tissue & Tissue Regeneration), Industrial Applications (Biomaterials & Green Chemicals, Industrial Enzymes, and Biofuels & Renewable Energy), and Environmental Applications (Bioremediation and Whole-cell Biosensors)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 6.0 billion in 2018 and is projected to exhibit a CAGR of 33.9% during the forecast period (2018 – 2026).
Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/112
Key players in the market are engaged in adopting in-organic growth strategies such as collaboration and partnership to expand its market presence. For instance, in April 2018, Twist Bioscience Corporation expanded its presence in Asia Pacific through strategic distribution partners for marketing of synthetic DNA, exome, and custom target enrichment product suite for next-generation sequencing. These partners include Recenttec K.K., DNA Link, and its subsidiary LnCBio Inc., Premas Life Sciences, and BioArrow Technology Limited. In January 2015, AstraZeneca collaborated with Thermo Fisher Scientific. Under this collaboration, Thermo Fisher agreed to provide RNA-guide libraries that targets individual known human genes and gene families. Moreover, in July 2017, Quintara Biosciences partnered with Twist Bioscience to launch two new services— qBlock Gene Fragments and qGene DNA cloning.
Browse 29 Market Data Tables and 35 Figures spread through 168 Pages and in-depth TOC on ‘Synthetic Biology Market, by Product Type (Oligonucleotides, Enzymes, Cloning, and Assembly Kits, Xeno-nucleic Acids (XNA) and Chassis Organism), by Technology (Gene Synthesis, Next-generation Sequencing, Cloning and Sequencing, Bioinformatics, Microfluidics, Nanotechnology, Site-saturation Mutagenesis, and Mathematical Modeling), By Application (Medical Applications (Drug Discovery & Therapeutics, and Artificial Tissue & Tissue Regeneration), Industrial Applications (Biomaterials & Green Chemicals, Industrial Enzymes, and Biofuels & Renewable Energy), Environmental Applications (Bioremediation and Whole-cell Biosensors)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026’
To know the latest trends and insights prevalent in the synthetic biology market press release, click the link below: https://www.coherentmarketinsights.com/press-release/synthetic-biology-market-to-surpass-us-628-billion-threshold-by-2026-92
Furthermore, key players in these market are also engaged in acquisition strategies in order to broaden its product portfolio and expand geographical reach. For instance, in April 2018, Danaher Corporation completed the acquisition of Integrated DNA Technologies, Inc. for deal value of around US$ 2.1 billion. Integrated DNA Technologies, Inc. (IDT) is a provider of consumables for genomics applications in molecular biology, quantitative Polymerase Chain Reaction (qPCR), next generation sequencing (NGS), synthetic biology, gene editing, and molecular diagnostics. This acquisition expanded Danaher’s presence into the highly attractive genomics market and aided in developing critical diagnostic tests and gene therapies.
Apply Promo Code “STAYHOME” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/112
Key Takeaways of the Synthetic Biology Market:
- The global synthetic biology market is expected to exhibit a CAGR of 33.9% during the forecast period, owing to rising research & development funding and increasing entry of synthetic biology start-up in these market.
- Among product type, oligonucleotides segment accounted for major market share in 2017. Demand for oligonucleotides will be propelled during the forecast period, owing to emergence of several promising concepts to produce oligonucleotides in a cost-effective manner. For instance, in-situ microarray synthesis of oligonucleotides have gained traction as it enables oligo-sequences to be generated in a parallel and miniaturized fashion and offer advantages in throughput and reagent consumption.
- Among technology, gene synthesis segment accounted for the largest share in 2017. Gene synthesis has been used for the development of synthetic biology applications. The reductions in the production costs of genes and associated raw materials such as oligonucleotides, are driving demand for synthetic biology products.
- Among application, medical applications segment accounted for the largest share in 2017. Synthetic biology has various medical applications in cancer therapy, personalized medicine, drug discovery and development, and regenerative medicine. Furthermore, increasing engagement of research universities, government investments, and rapidly declining costs of gene sequencing are supporting growth of the medical applications segment in the synthetic biology market.
- Major players operating in the global synthetic biology market include Thermo Fisher Scientific Inc., Twist Bioscience Corporation, Genscript Biotech Corporation, Codexis, Inc., Amyris, Inc., Danaher Corporation (Integrated DNA Technologies, Inc.), EnBiotix, Inc., Evonetix Ltd., Ginkgo Bioworks, Inc., and Prokarium.
Have a Look at Related Research Insights:
Computational Biology Market, By Type (Cellular & Biological Simulation (Computational Genomics, Computational Proteomics, Pharmacogenomics, Others (Transcriptomics/Metabolomic)), Disease Modeling and Simulation Applications (Drug Discovery, Drug Development)), By Tools (Content/Database, Analysis Software & Services, IT Infrastructure (Hardware)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027
DNA/Gene Microarray Market, By Type (oDNA, cDNA), By Application (Genomics, Proteomics, Agricultural biology, Environment, Drug R&D, Gene expression and SNP analysis, Cancer/Oncology, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027
Glycobiology Market, By Product Type (Instruments, Enzymes, Consumables, Reagents & Kits), By Enzymes (Galactosidase (Fucosidases, Chitinases, Acetylgalactosaminidase, Heparinase, PNGase F, Others), GlcNAc Transferases (Acetylglucosaminyltransferase, Exostosin, Others), Fucosyltransferases, GalNAc Transferases, Galactosyl Transferases, Glucuronosyltransferases, Glucosyltransferases, Pentosyltransferases, Carbohydrate Kinases, Neuraminidases, Sialyltransferases, Others), By Application (Drug Discovery and Development Diagnostic Applications (Oncology, Immunology, Others), Industrial Application Therapeutic Application (Oncology, Immunology, Others), Others), By End User (Biopharmaceutical Companies, Research Laboratories, Hospitals, Diagnostic Centers, Contract Research Organizations, Biotechnology Industries, Academic Institutes, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East Africa) – Size, Share Outlook, and Opportunity Analysis, 2019 – 2027About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at email@example.com.
- CDN Newswire