Synthetic Biology Market by Tool (Oligonucleotides, Chassis Organisms, Enzymes), Technology (Genome Engineering, NGS, Cloning and Sequencing), Application (Medical (Pharmaceutical, Drug Discovery), Industrial (Renewable Energy)) - Global Forecast to 2022

[214 Pages Report] The global synthetic biology market was valued at USD 3.02 Billion in 2016 and is expected to grow at a CAGR of 19.9% during the forecast period to reach to USD 8.84 Billion by 2022. The base year considered for the study is 2016 and the forecast for the market size is provided for the period between 2017 and 2022.

Objectives of the Study

• To define, describe, and forecast the global market by tools, technologies, applications, and region
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
• To profile key players and comprehensively analyze their core competencies in terms of key market developments, product portfolios, and financials
• To track and analyze competitive developments such as collaborations, partnerships, and agreements; expansions; product launches; acquisitions; and other developments in the synthetic biology market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the synthetic biology market and estimate the size of other dependent submarkets. Various secondary sources such as Centre for Synthetic Biology and Innovation (CSynBI), Institute of Systems and Synthetic Biology, University of California San Francisco (UCSF) Center for Systems & Synthetic Biology, Synthetic Biology Leadership Council (SBLC), Synthetic Biology Advisory Committee, Synthetic Biology Engineering Research Center (SynBERC), Industry Association of Synthetic Biology (IASB), European association of synthetic biology, Society for Biological Engineering (SBE), Systems and Synthetic Biology Journal, Biological Sciences Research Council, expert interviews, and MarketsandMarkets Analysishave been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The major players in the global synthetic biology market are Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US).

Target Audience:

• Pharmaceutical & drug manufacturers
• Biotech companies
• Enzyme & cosmetic manufacturers
• Chemical & biofuel industries
• Food & agriculture industries
• Academic and government research institutes
• Contract manufacturing organizations (CMOs) and contract research organizations (CROs)
• Venture capitalists and investors

Scope of the Report:

The research report categorizes the global market into the following segments and subsegments:

Synthetic Biology Market, by Tool

• Oligonucleotides
• Enzymes
• Cloning Technology Kits
• Chassis Organisms
• Xeno-nucleic Acids (XNO)

Synthetic Biology Market, by Technology

• Gene Synthesis
• Genome Engineering
• Cloning and Sequencing
• Next-generation Sequencing
• Site-directed Mutagenesis
• Measurement and Modeling
• Microfluidics
• Nanotechnology

Synthetic Biology Market, by Application

• Medical Applications
  • Pharmaceuticals
  • Drug Discovery & Therapeutics
  • Artificial Tissue and Tissue Regeneration
• Industrial Applications
  • Biofuels & Renewable Energy
  • Biomaterials & Green Chemicals
  • Industrial Enzymes
• Food and Agriculture
• Environmental Applications
  • Bioremediation
  • Biosensing

Synthetic Biology Market, by Region

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Denmark
  • Switzerland
  • Rest of Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • Australia
  • Rest of APAC
• Rest of the World (RoW)
  • Latin America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographical Analysis

• Further breakdown of the synthetic biology market into Europe, APAC, and LATAM countries

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Covered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Synthetic Biology Market Overview
    4.2 Europe: Market, By Tool & Country
    4.3 Global Market: Geographic Mix
    4.4 Global Market: Developing vs Developed Countries
    4.5 Global Market: Geographic Snapshot

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Wide Range of Applications of Synthetic Biology
                    5.2.1.2 Rising R&D Funding and Initiatives in Synthetic Biology
                    5.2.1.3 Increasing Demand for Synthetic Genes and Synthetic Cells
                    5.2.1.4 Increasing Investments in Synthetic Biology Companies
           5.2.2 Restraints
                    5.2.2.1 Environmental and Security Issues
           5.2.3 Opportunities
                    5.2.3.1 Rising Concerns Related to Fuel Consumption
                    5.2.3.2 Increasing Demand for Protein Therapeutics
           5.2.4 Challenges
                    5.2.4.1 Standardization of Biological Parts

6 Synthetic Biology Market, By Tool and Technology (Page No. - 47)
    6.1 Tool
           6.1.1 Oligonucleotides
           6.1.2 Enzymes
           6.1.3 Cloning Technology Kits
           6.1.4 Chassis Organisms
           6.1.5 Xeno-Nucleic Acids
    6.2 Technology
           6.2.1 Gene Synthesis
           6.2.2 Genome Engineering
           6.2.3 Cloning and Sequencing
           6.2.4 Next-Generation Sequencing
           6.2.5 Site-Directed Mutagenesis
           6.2.6 Measurement and Modeling
           6.2.7 Microfluidics
           6.2.8 Nanotechnology

7 Synthetic Biology Market, By Application (Page No. - 66)
    7.1 Introduction
    7.2 Medical Applications
           7.2.1 Pharmaceuticals
           7.2.2 Drug Discovery and Therapeutics
           7.2.3 Artificial Tissue and Tissue Regeneration
    7.3 Industrial Applications
           7.3.1 Biofuel and Renewable Energy
           7.3.2 Biomaterials and Green Chemicals
           7.3.3 Industrial Enzymes
    7.4 Food and Agriculture
    7.5 Environmental Applications
           7.5.1 Bioremediation
           7.5.2 Biosensing

8 Synthetic Biology Market, By Geography (Page No. - 85)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
    8.3 Europe
           8.3.1 UK
           8.3.2 Germany
           8.3.3 France
           8.3.4 Denmark
           8.3.5 Switzerland
           8.3.6 Rest of Europe (RoE)
    8.4 Asia Pacific
           8.4.1 Japan
           8.4.2 China
           8.4.3 Australia
           8.4.4 Rest of Asia Pacific (RoAPAC)
    8.5 Rest of the World (RoW)
           8.5.1 Latin America
           8.5.2 Middle East and Africa

9 Competitive Landscape (Page No. - 160)
    9.1 Overview
    9.2 Market Share Analysis, 2016
    9.3 Competitive Scenario
           9.3.1 Collaborations, Partnerships, and Agreements
           9.3.2 Expansions
           9.3.3 Product Launches
           9.3.4 Acquisitions
           9.3.5 Other Developments

10 Company Profiles (Page No. - 165)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments)*
     10.1 Thermo Fisher Scientific
     10.2 Novozymes
     10.3 Merck KGaA
     10.4 Intrexon Corporation
     10.5 Agilent Technologies
     10.6 Amyris
     10.7 Genscript Biotech Corporation
     10.8 Ginkgo Bioworks
     10.9 Integrated Dna Technologies (IDT)
     10.10 New England Biolabs (NEB)
     10.11 Synthetic Genomics
     10.12 Twist Bioscience

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 205)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Related Reports
     11.6 Author Details

List of Tables (162 Tables)

Table 1 Synthetic Biology Market, By Tool and Technology, 2015–2022 (USD Million)
Table 2 Global Market, By Tool, 2015–2022 (USD Million)
Table 3 Global Market for Tools, By Region, 2015–2022 (USD Million)
Table 4 Global Market for Tools, By Country/Region, 2015–2022 (USD Million)
Table 5 Global Market for Oligonucleotides, By Region, 2015–2022 (USD Million)
Table 6 Synthetic Biology Market for Enzymes, By Region, 2015–2022 (USD Million)
Table 7 Global Market for Cloning Technology Kits, By Region, 2015–2022 (USD Million)
Table 8 Global Market for Chassis Organisms, By Region, 2015–2022 (USD Million)
Table 9 Global Market for Xeno-Nucleic Acids, By Region, 2015–2022 (USD Million)
Table 10 Global Market, By Technology, 2015–2022 (USD Million)
Table 11 Synthetic Biology Technologies Market, By Region, 2015–2022 (USD Million)
Table 12 Synthetic Biology Technologies Market, By Country/Region, 2015–2022 (USD Million)
Table 13 Synthetic Biology Market for Gene Synthesis, By Region, 2015–2022 (USD Million)
Table 14 Global Market for Genome Engineering, By Region, 2015–2022 (USD Million)
Table 15 Global Market for Cloning and Sequencing, By Region, 2015–2022 (USD Million)
Table 16 Global Market for Next-Generation Sequencing, By Region, 2015–2022 (USD Million)
Table 17 Global Market for Site-Directed Mutagenesis, By Region, 2015–2022 (USD Million)
Table 18 Synthetic Biology Market for Measurement and Modeling, By Region, 2015–2022 (USD Million)
Table 19 Global Market for Microfluidics, By Region, 2015–2022 (USD Million)
Table 20 Global Market for Nanotechnology, By Region, 2015–2022 (USD Million)
Table 21 Global Market, By Application, 2015–2022 (USD Million)
Table 22 Global Market for Applications, By Region, 2015–2022 (USD Million)
Table 23 Synthetic Biology Market for Applications, By Country, 2015–2022 (USD Million)
Table 24 Global Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 25 Global Market for Medical Applications, By Region, 2015–2022 (USD Million)
Table 26 Global Market for Medical Applications, By Country, 2015–2022 (USD Million)
Table 27 Global Market for Pharmaceuticals, By Region, 2015–2022 (USD Million)
Table 28 Synthetic Biology Market for Drug Discovery and Therapeutics, By Region, 2015–2022 (USD Million)
Table 29 Global Market for Artificial Tissue and Tissue Regeneration, By Region, 2015–2022 (USD Million)
Table 30 Global Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 31 Global Market for Industrial Applications, By Region, 2015–2022 (USD Million)
Table 32 Global Market for Industrial Applications, By Country, 2015–2022 (USD Million)
Table 33 Synthetic Biology Market for Biofuel and Renewable Energy, By Region, 2015–2022 (USD Million)
Table 34 Global Market for Biomaterials and Green Chemicals, By Region, 2015–2022 (USD Million)
Table 35 Global Market for Industrial Enzymes, By Region, 2015–2022 (USD Million)
Table 36 Global Market for Food and Agriculture, By Region, 2015–2022 (USD Million)
Table 37 Global Market for Food and Agriculture, By Country, 2015–2022 (USD Million)
Table 38 Global Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 39 Global Market for Environmental Applications, By Region, 2015–2022 (USD Million)
Table 40 Synthetic Biology Market for Environmental Applications, By Country, 2015–2022 (USD Million)
Table 41 Global Market for Bioremediation, By Region, 2015–2022 (USD Million)
Table 42 Global Market for Biosensing, By Region, 2015–2022 (USD Million)
Table 43 Global Market, By Region, 2015–2022 (USD Million)
Table 44 Global Market, By Country, 2015–2022 (USD Million)
Table 45 North America: Synthetic Biology Market, By Country, 2015–2022 (USD Million)
Table 46 North America: Market, By Tool, 2015–2022 (USD Million)
Table 47 North America: Market, By Technology, 2015–2022 (USD Million)
Table 48 North America: Market, By Application, 2015–2022 (USD Million)
Table 49 North America: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 50 North America: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 51 North America: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 52 US Government’s Research Funding
Table 53 US: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 54 US: Market, By Technology, 2015–2022 (USD Million)
Table 55 US: Market, By Application, 2015–2022 (USD Million)
Table 56 US: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 57 US: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 58 US: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 59 Canada: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 60 Canada: Market, By Technology, 2015–2022 (USD Million)
Table 61 Canada: Market, By Application, 2015–2022 (USD Million)
Table 62 Canada: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 63 Canada: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 64 Canada: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 65 Europe: Synthetic Biology Market, By Country, 2015–2022 (USD Million)
Table 66 Europe: Market, By Tool, 2015–2022 (USD Million)
Table 67 Europe: Market, By Technology, 2015–2022 (USD Million)
Table 68 Europe: Market, By Application, 2015–2022 (USD Million)
Table 69 Europe: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 70 Europe: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 71 Europe: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 72 UK: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 73 UK: Market, By Technology, 2015–2022 (USD Million)
Table 74 UK: Market, By Application, 2015–2022 (USD Million)
Table 75 UK: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 76 UK: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 77 UK: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 78 Germany: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 79 Germany: Market, By Technology, 2015–2022 (USD Million)
Table 80 Germany: Market, By Application, 2015–2022 (USD Million)
Table 81 Germany: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 82 Germany: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 83 Germany: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 84 France: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 85 France: Market, By Technology, 2015–2022 (USD Million)
Table 86 France: Market, By Application, 2015–2022 (USD Million)
Table 87 France: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 88 France: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 89 France: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 90 Denmark: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 91 Denmark: Market, By Technology, 2015–2022 (USD Million)
Table 92 Denmark: Market, By Application, 2015–2022 (USD Million)
Table 93 Denmark: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 94 Denmark: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 95 Denmark: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 96 Switzerland: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 97 Switzerland: Market, By Technology, 2015–2022 (USD Million)
Table 98 Switzerland: Market, By Application, 2015–2022 (USD Million)
Table 99 Switzerland: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 100 Switzerland: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 101 Switzerland: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 102 RoE: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 103 RoE: Market, By Technology, 2015–2022 (USD Million)
Table 104 RoE: Market, By Application, 2015–2022 (USD Million)
Table 105 RoE: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 106 RoE: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 107 RoE: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 108 Asia Pacific: Synthetic Biology Market, By Country, 2015–2022 (USD Million)
Table 109 Asia Pacific: Market, By Tool, 2015–2022 (USD Million)
Table 110 Asia Pacific: Market, By Technology, 2015–2022 (USD Million)
Table 111 Asia Pacific: Market, By Application, 2015–2022 (USD Million)
Table 112 Asia Pacific: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 113 Asia Pacific: Synthetic Biology Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 114 Asia Pacific: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 115 Japan: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 116 Japan: Market, By Technology, 2015–2022 (USD Million)
Table 117 Japan: Market, By Application, 2015–2022 (USD Million)
Table 118 Japan: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 119 Japan: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 120 Japan: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 121 China: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 122 China: Market, By Technology, 2015–2022 (USD Million)
Table 123 China: Market, By Application, 2015–2022 (USD Million)
Table 124 China: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 125 China: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 126 China: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 127 Australia: Synthetic Biology Market,By Tool, 2015–2022 (USD Million)
Table 128 Australia: Market, By Technology, 2015–2022 (USD Million)
Table 129 Australia: Market, By Applications, 2015–2022 (USD Million)
Table 130 Australia: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 131 Australia: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 132 Australia: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 133 RoAPAC: Synthetic Biology Market, By Tool, 2015–2022 (USD Million)
Table 134 RoAPAC: Market, By Technology, 2015–2022 (USD Million)
Table 135 RoAPAC: Market, By Application, 2015–2022 (USD Million)
Table 136 RoAPAC: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 137 RoAPAC: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 138 RoAPAC: Synthetic Biology Market for Environmental Applications, By Type 2015–2022 (USD Million)
Table 139 RoW: Synthetic Biology Market, By Region, 2015–2022 (USD Million)
Table 140 RoW: Market, By Tool, 2015–2022 (USD Million)
Table 141 RoW: Market, By Technology, 2015–2022 (USD Million)
Table 142 RoW: Market, By Application, 2015–2022 (USD Million)
Table 143 RoW: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 144 RoW: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 145 RoW: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 146 Latam: Synthetic Biology Market,By Tool, 2015–2022 (USD Million)
Table 147 Latam: Market, By Technology, 2015–2022 (USD Million)
Table 148 Latam: Market, By Application, 2015–2022 (USD Million)
Table 149 Latam: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 150 Latam: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 151 Latam: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 152 MEA: Synthetic Biology Market,By Tool, 2015–2022 (USD Million)
Table 153 MEA: Market, By Technology, 2015–2022 (USD Million)
Table 154 MEA: Market, By Application, 2015–2022 (USD Million)
Table 155 MEA: Market for Medical Applications, By Type, 2015–2022 (USD Million)
Table 156 MEA: Market for Industrial Applications, By Type, 2015–2022 (USD Million)
Table 157 MEA: Synthetic Biology Market for Environmental Applications, By Type, 2015–2022 (USD Million)
Table 158 Collaborations and Partnerships (January 2014– October 2017)
Table 159 Expansions, January 2014– October 2017
Table 160 Product Launches (January 2014– October 2017)
Table 161 Acquisitions (January 2014– October 2017)
Table 162 Other Developments (January 2014 – October 2017)

List of Figures (32 Figures)

Figure 1 Synthetic Biology Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Market Data Triangulation Methodology
Figure 7 Synthetic Biology Market, By Tool and Technology, 2017 vs 2022 (USD Million)
Figure 8 Synthetic Biology Market, By Tool, 2017 vs 2022 (USD Million)
Figure 9 Synthetic Biology Market, By Technology, 2017 vs 2022 (USD Million)
Figure 10 Synthetic Biology Market, By Application, 2017 vs 2022 (USD Million)
Figure 11 Geographical Snapshot of the Synthetic Biology Market, 2017
Figure 12 Increasing Demand for Synthetic Genes and Cells, Rising R&D Funding to Drive Market Growth
Figure 13 Oligonucleotides Segment to Command the Largest Share in the European Market in 2017
Figure 14 Europe to Register the Highest CAGR During the Forecast Period
Figure 15 Developing Countries to Grow at the Highest Rate From 2017 to 2022
Figure 16 China to Register Highest Growth During the Forecast Period
Figure 17 Synthetic Biology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Reduction in Cost Per Raw Megabase of Dna Sequencing (USD) (2009-2016)
Figure 19 Cost of Synthetic Genes (2009–2016)
Figure 20 Number of Synthetic Biology Companies Globally (2001–2016)
Figure 21 Global Synthetic Biology Market Snapshot (2017)
Figure 22 North America: Synthetic Biology Market Snapshot, 2017 (USD Million)
Figure 23 Europe: Synthetic Biology Market Snapshot, 2017 (USD Million)
Figure 24 Companies Adopted Collaborations, Partnerships, and Agreements as Their Key Growth Strategy Over the Last Three Years
Figure 25 Company Share Analysis, By Key Player, 2016
Figure 26 Thermo Fisher Scientific: Company Snapshot
Figure 27 Novozymes: Company Snapshot
Figure 28 Merck KGaA: Company Snapshot
Figure 29 Intrexon Corporation: Company Snapshot
Figure 30 Agilent Technologies: Company Snapshot
Figure 31 Amyris: Company Snapshot
Figure 32 Genscript Biotech Corporation: Company Snapshot

The global synthetic biology market is projected to reach USD 8.84 Billion by 2022 from USD 3.57 Billion in 2017, at a CAGR of 19.9%. This high growth rate can be attributed to the wide range of applications of synthetic biology, rising R&D funding and initiatives, increasing demand for synthetic genes and synthetic cells, and increasing investments in synthetic biology companies. Factors such as rising concerns regarding fuel consumption and increasing demand for protein therapeutics are expected to offer lucrative opportunities for players in the global market.

In this report, the global synthetic biology market is segmented on the basis of tool, technology, application, and region. Based on tools, the market is segmented into oligonucleotides, enzymes, cloning technology kits, chassis organisms, and xeno-nucleic acids. In 2017, oligonucleotides are expected to account for the largest share of the global market owing to the large-scale production of modified oligonucleotides for next-generation sequencing and the increasing market demand for synthetic genes.

By technology, the synthetic biology market is segmented into gene synthesis, genome engineering, cloning and sequencing, next-generation sequencing, site-directed mutagenesis, measurement and modeling, microfluidics, and nanotechnology. In 2017, the gene synthesis segment is expected to account for the largest share of the global market in technology. This is attributed to the fact that the technology is used in a wide range of applications such as producing vaccines, engineering enzymes to restrict cancer growth, producing sustainable biofuels, improving crop yield, and detecting and breaking down environmental pollutants in the soil, air, and water offered by gene synthesis.

The synthetic biology market is segmented into medical (pharmaceutical, drug discovery & therapeutics, and artificial tissue and tissue regeneration), industrial (biofuel & renewable energy, industrial enzymes, and biomaterials & green chemicals), food & agriculture, and environmental (bioremediation and biosensing) on the basis of application. The pharmaceuticals subsegment is expected to account for the largest share of the market. However, biofuel and renewable energy is expected to grow at the highest CAGR during the forecast period owing to the global demand for fossil fuel alternatives and the advantages of the genetically engineered organisms for the synthetic production of biofuels

Based on region, the synthetic biology market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2017, North America is estimated to account for the largest share of the global market. Regarding growth rate, Europe is expected to register the highest growth rate from 2017 to 2022. Factors such as increasing investments for the adoption of adoption of novel synthetic biology technologies, rising R&D funding and collaborations are driving the growth of the market in this region.

While the overall market is expected to grow at a high rate, possible environmental and security issues related to synthetic biology is likely to restrain the growth of this market to a certain extent.

The major players in the global synthetic biology market include Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US), among others.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst