Synthetic Biology Market to Grow with a CAGR of 5.25% through 2029
Increasing demand for
bio-based products and expanding applications in healthcare are factors driving
the Global Synthetic Biology Market in the forecast period 2025-2029
According to
TechSci Research report, “Synthetic Biology Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, the
Global Synthetic Biology Market stood at USD 11.52 Billion in 2023 and is
anticipated to grow with a CAGR of 5.25% in the forecast period through 2029.
Synthetic
biology, a multidisciplinary field that combines biology and engineering
principles to design and construct new biological parts, devices, and systems,
has been rapidly gaining prominence in various industries. The growing awareness regarding sustainability and
environmental concerns has led to a surge in demand for bio-based products.
Synthetic biology enables the production of bio-based alternatives to
traditional products, ranging from fuels and chemicals to materials and
pharmaceuticals. This demand is driving the market growth as industries seek
more sustainable solutions.
Advancements
in gene editing technologies, such as CRISPR-Cas9, have significantly enhanced
the capabilities of synthetic biology. These technological breakthroughs have
made it easier, faster, and more cost-effective to engineer biological systems,
thereby accelerating research and development efforts. As synthetic biology
tools become more accessible and efficient, they fuel market growth by enabling
innovation across various sectors.
The
synthetic biology industry has witnessed substantial investments from both
public and private sectors. Venture capital firms, government agencies, and
corporate entities are increasingly allocating funds to synthetic biology
startups and research initiatives. This influx of capital supports research,
development, and commercialization efforts, driving market growth and fostering
a conducive ecosystem for innovation.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Synthetic Biology Market”
The Global Synthetic
Biology Market is segmented into technology, product, end user, region and company.
Based
on end user, the Biotechnology
and Pharmaceutical Companies segment has emerged as the predominant market
leader. Pharmaceutical companies are increasingly adopting synthetic biology
approaches to optimize biopharmaceutical manufacturing processes. By
engineering microbial hosts and cell lines, companies can enhance the
production of biologics such as monoclonal antibodies, enzymes, and cytokines.
This not only improves manufacturing efficiency but also reduces costs and
enhances product quality.
The Asia Pacific
region is experiencing rapid market growth. Asia Pacific’s collaborative
ecosystem encourages partnerships between academia, industry, and government
entities. Biotechnology companies collaborate with research institutions to
leverage academic expertise and access cutting-edge technologies. Strategic
alliances and joint ventures enable knowledge sharing, resource pooling, and
accelerated product development, driving growth and competitiveness in the
market. The Asia Pacific region is home to several emerging economies experiencing rapid industrialization and urbanization. These countries are witnessing a growing biotechnology sector, with increasing investments from both domestic and international companies. This growth fuels demand for synthetic biology applications across industries such as healthcare, agriculture, and industrial biotechnology. The region hosts leading academic and research institutions focused on biotechnology and life sciences. These institutions contribute significantly to advancing synthetic biology through cutting-edge research and technology development. Countries like Singapore are particularly renowned for their supportive research ecosystem and world-class institutions. The Asia Pacific region is home to several emerging economies experiencing rapid industrialization and urbanization. These countries are witnessing a growing biotechnology sector, with increasing investments from both domestic and international companies. This growth fuels demand for synthetic biology applications across industries such as healthcare, agriculture, and industrial biotechnology.
Major companies
operating in Global Synthetic Biology Market are:
·
Bota Biosciences Inc.
·
Codexis, Inc.
·
Enbiotix, Inc.
·
Illumina, Inc.
·
Merck Kgaa (Sigma-Aldrich Co. Llc)
·
Pareto Bio, Inc.
·
Scarab Genomics, Llc
·
Synthego Corporation
·
Synthetic Genomics Inc.
·
Thermo Fisher Scientific, Inc.
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“The
Global Synthetic Biology Market is propelled by a combination of market
drivers, including increasing demand for bio-based products, technological
advancements, rising investments and funding, expanding applications in
healthcare, a supportive regulatory environment, collaborations and
partnerships, and increasing awareness and education. As synthetic biology
continues to revolutionize various industries, these drivers will shape the
trajectory of market growth, unlocking new opportunities and addressing global
challenges through innovative biological solutions”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Synthetic Biology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies), By Product (Oligonucleotide/Oligo Pools and Synthetic DNA, Enzymes, Cloning Technologies Kits, Xeno-Nucleic Acids, Chassis Organism), By End user (Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, Others), By Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Synthetic Biology Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Synthetic Biology Market.
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