Synthetic Biology Market in North America is Expected to Grow With a CAGR of 35.2% During Forecast Period

Posted on 2019-07-25 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-25 — /EPR Network/ — The global synthetic biology market is growing, due to increasing support from government organizations, and growing geriatric population. In addition, the innovative and advanced applications of synthetic biology, increasing research activities, and increasing R&D investments in drug discovery and development are also supporting the growth of this market.

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On the basis of type of segment, the technology segment is expected to be the largest market and would witness fastest growth during the forecast period. Among the application segment, pharmaceutical and diagnostic had the largest market size in the global market in 2014.

The increasing support from government organizations and growing geriatric population are playing a pivotal role in the growth of this market. Some of the major organizations include National Science Foundation (NSF), National Aeronautics and Space Administration (NASA), Centre for Chemical and Synthetic Biology (CCSB), Synthetic Biology Engineering Research Center (SynBERC), and International Association Synthetic Biology (IASB). These organizations are providing support in form of funding, and initiatives implemented by them for basic and applied research with their respective goals.

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The key companies operating in the global synthetic biology market include E. I. du PONT de Nemours and Company, Amyris Inc., GenScript USA Inc., Intrexon Corporation, Thermo Fisher Scientific Inc., Synthetic Genomics Inc., Royal DSM, Novozymes A/S, New England Biolabs Inc., and Integrated DNA Technologies Inc.

SYNTHETIC BIOLOGY MARKET SEGMENTATION

Breakdown by Segment

Technology
- Enabling Technology
  - Gene Synthesis
  - Bioinformatics
  - Genome Engineering
  - Cloning
  - Mutagenesis
  - Gene Measurement and Modeling
  - Microfluidics
- Enabled Technology
  - Pathway Engineering
  - Next Generation Sequencing

Tool
- Oligonucleotide
- Cloning Kit
- Enzyme
- Xeno Nucleic Acid
- Chassis Organisms

Breakdown by Application

Pharmaceutical and R&D
Chemical
Energy
Agriculture

Breakdown by Geography

North America – The U.S., Canada, and Rest of North America
Europe – the U.K., Germany, France, Italy, Spain, and Rest of Europe
Asia – China, Japan, India, and Rest of Asia
Rest of the World (RoW)

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