Synthetic Biology Market by Tools (Oligonucleotides, Enzymes, Synthetic Cells), Technology (Sequencing, Bioinformatics), Applications (Drug Discovery, Tissue Regeneration, Biofuel, Food, Agriculture, Consumer Care, Environmental) - Global Forecast to 2029
The global synthetic biology market is projected to surpass USD 31.52 billion in 2029 from USD 12.33 billion in 2024, with a significant CAGR of 20.6%. The excessive demand for bio-based products is providing momentum to the market growth. Furthermore, rising investment by key market players and increasing funding in R&D & collaborations in the synthetic biology market to meet the needs of both local and international markets is further driving the market growth. The development of CRISPR and other gene-editing technologies opened new avenues for the synthetic biology sector. These advanced technologies enable precise gene modifications, accelerating advancements in therapeutic applications and agriculture fueling the growth of the synthetic biology market.
“The oligonucleotide & synthetic DNA synthetic biology segment accounted for the highest share in 2023.”
On the basis of tools, the synthetic biology market is further segmented into xeno nucleic acids, enzymes, chassis organisms, cloning technology kits, oligonucleotides and synthetic DNA, and synthetic cells. The oligonucleotides and synthetic DNA dominated the market and anticipated to grow at a significant CAGR during the forecast period. Rise in the use of oligonucleotides and synthetic DNA in environmental, food, and industrial sectors, expansion of synthetic biology companies in in areas such as agriculture, energy, and industrial biotechnology are some of the major factors driving the segmental growth.
“By applications, medical applications segment accounted for the largest share in the synthetic biology market.”
The applications segment in the synthetic biology market is segmented into medical applications, industrial applications, food, animal health & agricultural applications and environmental applications. The medical applications segment dominated the market share owing to the increasing prevalence of chronic diseases and genetic disorders which is driving demand for innovative medical solutions. Furthermore, with advancements in gene editing and synthetic microbes, researchers can develop targeted therapies, personalized medicine, and even engineered vaccines.
“North America: the largest share of the synthetic biology market”
By region, the market is segment into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the synthetic biology market in 2023 and is estimated to continue dominance during the forecast period. Presence of dominant market players in pharmaceutical and biotechnological companies in the region, strong base of synthetic biology manufacturers such as Thermo Fisher Scientific Inc. and Agilent Technologies Inc. are some of the prominent factors acerating market growth.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the synthetic biology market.
The primary interviews conducted for this report can be categorized as follows:
Research Coverage:
This research report categorizes the synthetic biologys market tools (oligonucleotides & synthetic DNA, enzymes, cloning technology kits, chassis organisms, xeno nucleic acids and synthetic cells), technologies (measurement and modeling, genome engineering, gene synthesis, cloning, site-directed mutagenesis, microfluidics, sequencing, nanotechnology and bioinformatics), and applications (medical applications, industrial applications, food, animal health & agricultural applications and environmental applications) and region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the synthetic biologys market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, solutions, key strategies, collaborations, partnerships, and agreements. New launches, collaborations and acquisitions, and recent developments associated with the synthetic biology market.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the synthetic biology and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“The oligonucleotide & synthetic DNA synthetic biology segment accounted for the highest share in 2023.”
On the basis of tools, the synthetic biology market is further segmented into xeno nucleic acids, enzymes, chassis organisms, cloning technology kits, oligonucleotides and synthetic DNA, and synthetic cells. The oligonucleotides and synthetic DNA dominated the market and anticipated to grow at a significant CAGR during the forecast period. Rise in the use of oligonucleotides and synthetic DNA in environmental, food, and industrial sectors, expansion of synthetic biology companies in in areas such as agriculture, energy, and industrial biotechnology are some of the major factors driving the segmental growth.
“By applications, medical applications segment accounted for the largest share in the synthetic biology market.”
The applications segment in the synthetic biology market is segmented into medical applications, industrial applications, food, animal health & agricultural applications and environmental applications. The medical applications segment dominated the market share owing to the increasing prevalence of chronic diseases and genetic disorders which is driving demand for innovative medical solutions. Furthermore, with advancements in gene editing and synthetic microbes, researchers can develop targeted therapies, personalized medicine, and even engineered vaccines.
“North America: the largest share of the synthetic biology market”
By region, the market is segment into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the synthetic biology market in 2023 and is estimated to continue dominance during the forecast period. Presence of dominant market players in pharmaceutical and biotechnological companies in the region, strong base of synthetic biology manufacturers such as Thermo Fisher Scientific Inc. and Agilent Technologies Inc. are some of the prominent factors acerating market growth.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the synthetic biology market.
The primary interviews conducted for this report can be categorized as follows:
- By Respondent: Supply Side- 70% and Demand Side 30%
- By Designation: Managers - 45%, CXO & Directors - 30%, and Executives - 25%
- By Region: North America -40%, Europe -25%, Asia-Pacific -25%, Latin America -5% and Middle East & Africa- 5%
Research Coverage:
This research report categorizes the synthetic biologys market tools (oligonucleotides & synthetic DNA, enzymes, cloning technology kits, chassis organisms, xeno nucleic acids and synthetic cells), technologies (measurement and modeling, genome engineering, gene synthesis, cloning, site-directed mutagenesis, microfluidics, sequencing, nanotechnology and bioinformatics), and applications (medical applications, industrial applications, food, animal health & agricultural applications and environmental applications) and region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the synthetic biologys market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, solutions, key strategies, collaborations, partnerships, and agreements. New launches, collaborations and acquisitions, and recent developments associated with the synthetic biology market.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the synthetic biology and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (diverse applications of synthetic biology, increasing demand for bio-based products, advancements in synthetic biology, rising funding in R&D and collaborations), restraints (production scalability, ethical and regulatory challenges), opportunities (rising opportunities for agricultural synthetic biology, growing use of artificial intelligence and machine learning) and Challenges (Cost constraints) influencing the growth of the market.
- Product Development/Innovation: Detailed insights on upcoming technologies in synthetic biology manufacturing, research and development activities, and new product launches in the synthetic biology market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the synthetic biology market
- Competitive Assessment: Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Novozymes A/S (Denmark), Eurofins Scientific (Luxembourg), Agilent Technologies Inc. (US), among others in the market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.2 MARKET ESTIMATION METHODOLOGY
2.2.1 MARKET SIZE ESTIMATION
2.2.2 INSIGHTS FROM PRIMARY EXPERTS
2.2.3 TOP-DOWN APPROACH
2.3 MARKET GROWTH RATE PROJECTION
2.4 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SYNTHETIC BIOLOGY MARKET OVERVIEW
4.2 NORTH AMERICA: SYNTHETIC BIOLOGY MARKET, BY APPLICATION
AND COUNTRY (2023)
4.3 SYNTHETIC BIOLOGY MARKET SHARE, BY APPLICATION, 2024 VS. 2029
4.4 SYNTHETIC BIOLOGY MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Diverse applications of synthetic biology
5.2.1.2 Surging demand for bio-based products
5.2.1.3 Advancements in synthetic biology
5.2.1.4 Increasing funding in R&D and collaborations
5.2.2 RESTRAINTS
5.2.2.1 Production scalability
5.2.2.2 Ethical and regulatory challenges
5.2.3 OPPORTUNITIES
5.2.3.1 Rising opportunities for agricultural synthetic biology
5.2.3.2 Growing integration of artificial intelligence and machine learning
5.2.4 CHALLENGES
5.2.4.1 Cost constraints
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.5.1 PRODUCT/SERVICE PROVIDERS
5.5.2 END USERS
5.5.3 REGULATORY LANDSCAPE
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 DNA synthesis and sequencing
5.6.1.2 Gene editing tools
5.6.1.3 Bioinformatics and computational tools
5.6.1.4 Nanotechnology
5.6.2 COMPLEMENTARY TECHNOLOGIES
5.6.2.1 Cellular and tissue engineering
5.6.3 ADJACENT TECHNOLOGIES
5.6.3.1 Metabolic engineering
5.7 PATENT ANALYSIS
5.7.1 METHODOLOGY
5.7.2 NUMBER OF PATENTS FILED
5.7.3 INNOVATION AND PATENT APPLICATIONS
5.8 PRICING ANALYSIS
5.8.1 INDICATIVE PRODUCT PRICING ANALYSIS, BY KEY PLAYER
5.8.2 INDICATIVE PRODUCT PRICING ANALYSIS, BY REGION
5.9 KEY CONFERENCES & EVENTS, 2024–2025
5.10 REGULATORY LANDSCAPE
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
5.10.2 REGULATORY FRAMEWORK
5.11 INVESTMENT & FUNDING SCENARIO
5.12 PORTER’S FIVE FORCES ANALYSIS
5.12.1 INTENSITY OF COMPETITIVE RIVALRY
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF SUBSTITUTES
5.12.5 THREAT OF NEW ENTRANTS
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1 KEY BUYING CRITERIA
5.14 IMPACT OF AI ON SYNTHETIC BIOLOGY MARKET
6 SYNTHETIC BIOLOGY MARKET, BY TOOL
6.1 INTRODUCTION
6.2 OLIGONUCLEOTIDES & SYNTHETIC DNA
6.2.1 SURGING DEMAND FOR SYNTHETIC GENES TO SUPPORT MARKET GROWTH
6.3 ENZYMES
6.3.1 WIDE POTENTIAL OF ENZYME ENGINEERING IN OMICS STUDIES
TO PROPEL MARKET
6.4 CLONING TECHNOLOGY KITS
6.4.1 ALTERATION AND OPTIMIZATION OF GENETIC CIRCUIT DESIGNS
BY MOLECULAR BIOLOGY TECHNIQUES TO DRIVE MARKET
6.5 SYNTHETIC CELLS
6.5.1 GROWING POPULARITY OF SYNTHETIC CELLS AS SUBSTITUTES FOR NATURAL CELLS TO BOOST MARKET GROWTH
6.6 CHASSIS ORGANISMS
6.6.1 INCREASING DEMAND FOR FOSSIL FUELS TO PROPEL MARKET
6.7 XENO NUCLEIC ACIDS
6.7.1 SPIKE IN DEMAND FOR BREAKTHROUGH MEDICINES TO
AID MARKET GROWTH
7 SYNTHETIC BIOLOGY MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
7.2 GENE SYNTHESIS
7.2.1 RISING DEMAND FOR SYNTHETIC GENES AND INCREASING COMPETITIVENESS AMONG MARKET PLAYERS TO SPUR MARKET GROWTH
7.3 GENOME ENGINEERING
7.3.1 SURGING NEED FOR RAPID, CHEAP, AND MULTIPLEX MODIFICATION OF GENOMES TO DRIVE MARKET
7.4 SEQUENCING
7.4.1 RISING ADOPTION OF SEQUENCING TECHNOLOGY TO
BOOST MARKET GROWTH
7.5 BIOINFORMATICS
7.5.1 INCREASING ADVANCEMENTS AND RISING USE OF BIOINFORMATICS TO PROPEL MARKET GROWTH
7.6 CLONING
7.6.1 PRECISE GENETIC REPLICATION TO ACCELERATE RESEARCH AND
SCALING APPLICATIONS ACROSS VARIOUS INDUSTRIES
7.7 SITE-DIRECTED MUTAGENESIS
7.7.1 WIDE APPLICATIONS IN GENETIC ENGINEERING, DNA ASSEMBLY, AND CLONING TECHNOLOGIES TO DRIVE MARKET
7.8 MEASUREMENT & MODELING
7.8.1 INCREASING DEMAND FOR CELL-FREE SYNTHETIC BIOLOGY TO
FOSTER MARKET GROWTH
7.9 MICROFLUIDICS
7.9.1 RISING FOCUS ON INCREASING SCALABILITY OF SYNTHETIC BIOLOGY TOOLS TO PROPEL MARKET GROWTH
7.10 NANOTECHNOLOGY
7.10.1 CONVERGENCE BETWEEN SYNTHETIC BIOLOGY AND NANOTECHNOLOGY TO AID MARKET GROWTH
8 SYNTHETIC BIOLOGY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 MEDICAL APPLICATIONS
8.2.1 PHARMACEUTICALS
8.2.1.1 Potential of synthetic biology techniques in development of active pharmaceutical ingredients to drive market
8.2.2 DRUG DISCOVERY & THERAPEUTICS
8.2.2.1 Cancer detection & diagnostics
8.2.2.1.1 Increasing investments in cancer research to
support market growth
8.2.2.2 Other drug discovery & therapeutic applications
8.2.3 ARTIFICIAL TISSUE & TISSUE REGENERATION
8.2.3.1 Biosynthesis
8.2.3.1.1 Expansive design space enabled by synthetic biology to foster market growth
8.2.3.2 Stem cell regulation
8.2.3.2.1 Stem cell research to accelerate market growth
8.2.3.3 Other artificial tissue & tissue regeneration applications
8.3 INDUSTRIAL APPLICATIONS
8.3.1 BIOFUELS & RENEWABLE ENERGY
8.3.1.1 Advantages of using genetically engineered organisms for synthetic production of biofuels to propel market growth
8.3.2 INDUSTRIAL ENZYMES
8.3.2.1 Textile industry
8.3.2.1.1 Surge in demand for increasing reaction rates and reducing costs to foster market growth
8.3.2.2 Paper industry
8.3.2.2.1 Increasing use of enzymes in pulp and paper industry to favor market growth
8.3.2.3 Consumer care industry
8.3.2.3.1 Skincare & cosmetics
8.3.2.3.1.1 Benefits offered by synthetic biology technologies in manufacturing of skincare and cosmetic products to propel market growth
8.3.2.3.2 Other consumer care products
8.3.2.4 Other industries
8.3.3 BIOMATERIALS & GREEN CHEMICALS
8.3.3.1 Production of green chemicals through microbial fermentation to drive market
8.4 FOOD, ANIMAL HEALTH, AND AGRICULTURAL APPLICATIONS
8.4.1 FLAVORS & FRAGRANCES
8.4.1.1 Rising demand for natural, sustainable products to
bolster market growth
8.4.2 OTHER FOOD, ANIMAL HEALTH, AND AGRICULTURAL APPLICATIONS
8.5 ENVIRONMENTAL APPLICATIONS
8.5.1 BIOREMEDIATION
8.5.1.1 Increasing need for cost-effective, on-site environmental monitoring methods to boost market
8.5.2 BIOSENSING
8.5.2.1 Growing interest in development of whole-cell biosensors
to drive market
9 SYNTHETIC BIOLOGY MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK
9.2.2 US
9.2.2.1 Rising investment in synthetic biology companies and surging demand for bio-based products to drive market
9.2.3 CANADA
9.2.3.1 Strong research infrastructure and availability of funding to
support market growth
9.3 EUROPE
9.3.1 EUROPE: MACROECONOMIC OUTLOOK
9.3.2 GERMANY
9.3.2.1 Government initiatives and increasing funding to propel
market growth
9.3.3 UK
9.3.3.1 Increasing R&D expenditure to favor market growth
9.3.4 FRANCE
9.3.4.1 Investments aimed at increasing research in various biomedical fields to augment market growth
9.3.5 SWITZERLAND
9.3.5.1 Established biotech ecosystem, strong academic institutions, and favorable government policies to favor market growth
9.3.6 DENMARK
9.3.6.1 Presence of third-largest commercial drug development pipeline in Europe to favor market growth
9.3.7 ITALY
9.3.7.1 Increasing life sciences R&D funded by both public and private organizations to foster market
9.3.8 SPAIN
9.3.8.1 Well-established network of research centers, universities, and hospitals to support market growth
9.3.9 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK
9.4.2 CHINA
9.4.2.1 Rising growth opportunities for pharmaceutical and biopharmaceutical companies to drive market
9.4.3 JAPAN
9.4.3.1 Growing awareness of synthetic biology's importance and potential applications to accelerate market growth
9.4.4 INDIA
9.4.4.1 Increasing R&D activities and government funding initiatives to bolster market growth
9.4.5 AUSTRALIA
9.4.5.1 Increasing funding for synthetic biology research to
accelerate market growth
9.4.6 SOUTH KOREA
9.4.6.1 Increasing focus on developing biotechnology and pharmaceutical sectors to boost market
9.4.7 REST OF ASIA PACIFIC
9.5 LATIN AMERICA
9.5.1 LATIN AMERICA: MACROECONOMIC OUTLOOK
9.5.2 BRAZIL
9.5.2.1 Growing life sciences and pharmaceutical industry to fuel demand for synthetic biological products
9.5.3 MEXICO
9.5.3.1 Increasing support for biotechnology infrastructure development to augment market growth
9.5.4 REST OF LATIN AMERICA
9.6 MIDDLE EAST
9.6.1 MIDDLE EAST: MACROECONOMIC OUTLOOK
9.6.2 GCC COUNTRIES
9.6.2.1 KSA
9.6.2.2 UAE
9.6.2.3 Rest of GCC countries
9.6.3 REST OF MIDDLE EAST
9.7 AFRICA
9.7.1 AFRICA: MACROECONOMIC OUTLOOK
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGY/RIGHT TO WIN
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN
SYNTHETIC BIOLOGY MARKET
10.3 REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.5.5.1 Company footprint
10.5.5.2 Region footprint
10.5.5.3 Tool footprint
10.5.5.4 Technology footprint
10.5.5.5 Application footprint
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.7 COMPANY VALUATION & FINANCIAL METRICS, 2023
10.7.1 FINANCIAL METRICS
10.7.2 COMPANY VALUATION
10.8 BRAND/PRODUCT COMPARISON
10.9 COMPETITIVE SCENARIO
10.9.1 PRODUCT LAUNCHES
10.9.2 DEALS
10.9.3 EXPANSIONS
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 THERMO FISHER SCIENTIFIC INC.
11.1.1.1 Business overview
11.1.1.2 Products/Services offered
11.1.1.3 Recent developments
11.1.1.3.1 Product launches
11.1.1.3.2 Deals
11.1.1.3.3 Expansions
11.1.1.4 MnM view
11.1.1.4.1 Key strengths
11.1.1.4.2 Strategic choices
11.1.1.4.3 Weaknesses & competitive threats
11.1.2 MERCK KGAA
11.1.2.1 Business overview
11.1.2.2 Products/Services offered
11.1.2.3 Recent developments
11.1.2.3.1 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses & competitive threats
11.1.3 NOVOZYMES A/S
11.1.3.1 Business overview
11.1.3.2 Products/Services offered
11.1.3.3 Recent developments
11.1.3.3.1 Product launches
11.1.3.3.2 Deals
11.1.3.4 MnM view
11.1.3.4.1 Key strengths
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses & competitive threats
11.1.4 EUROFINS SCIENTIFIC
11.1.4.1 Business overview
11.1.4.2 Products/Services offered
11.1.5 AGILENT TECHNOLOGIES INC.
11.1.5.1 Business overview
11.1.5.2 Products/Services offered
11.1.5.3 Recent developments
11.1.5.3.1 Products launches
11.1.5.3.2 Deals
11.1.5.3.3 Expansions
11.1.6 AMYRIS, INC.
11.1.6.1 Business overview
11.1.6.2 Products/Services offered
11.1.6.3 Recent developments
11.1.6.3.1 Deals
11.1.7 CODEXIS, INC.
11.1.7.1 Business overview
11.1.7.2 Products/Services offered
11.1.7.3 Recent developments
11.1.7.3.1 Product launches
11.1.7.3.2 Deals
11.1.7.3.3 Expansions
11.1.8 TWIST BIOSCIENCE
11.1.8.1 Business overview
11.1.8.2 Products/Services offered
11.1.8.3 Recent developments
11.1.8.3.1 Product launches
11.1.8.3.2 Deals
11.1.8.3.3 Expansions
11.1.9 GENSCRIPT
11.1.9.1 Business overview
11.1.9.2 Products/Services offered
11.1.9.3 Recent developments
11.1.9.3.1 Product launches
11.1.9.3.2 Deals
11.1.9.3.3 Other developments
11.1.10 PRECIGEN
11.1.10.1 Business overview
11.1.10.2 Products/Services offered
11.1.11 GINKGO BIOWORKS
11.1.11.1 Business overview
11.1.11.2 Products/Services offered
11.1.11.3 Recent developments
11.1.11.3.1 Product launches
11.1.11.3.2 Deals
11.1.12 VIRIDOS
11.1.12.1 Business overview
11.1.12.2 Products/Services offered
11.1.12.3 Recent developments
11.1.12.3.1 Product launches
11.1.12.3.2 Deals
11.1.12.3.3 Other developments
11.1.13 SYNTHEGO
11.1.13.1 Business overview
11.1.13.2 Products/Services offered
11.1.13.3 Recent developments
11.1.13.3.1 Product launches
11.1.13.3.2 Deals
11.1.13.3.3 Expansions
11.1.14 CREATIVE ENZYMES
11.1.14.1 Business overview
11.1.14.2 Products/Services offered
11.1.15 CYRUS BIOTECHNOLOGY
11.1.15.1 Business overview
11.1.15.2 Products/Services offered
11.1.15.3 Recent developments
11.1.15.3.1 Deals
11.2 OTHER PLAYERS
11.2.1 ATUM
11.2.2 TESELAGEN
11.2.3 ARZEDA
11.2.4 INTEGRATED DNA TECHNOLOGIES, INC.
11.2.5 NEW ENGLAND BIOLABS
11.2.6 ELEVATEBIO
11.2.7 ZENFOLD (IOSYNTH)
11.2.8 SYNBIO TECHNOLOGIES
11.2.9 INSCRIPTA, INC.
11.2.10 CRISPR THERAPEUTICS
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.2 MARKET ESTIMATION METHODOLOGY
2.2.1 MARKET SIZE ESTIMATION
2.2.2 INSIGHTS FROM PRIMARY EXPERTS
2.2.3 TOP-DOWN APPROACH
2.3 MARKET GROWTH RATE PROJECTION
2.4 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 SYNTHETIC BIOLOGY MARKET OVERVIEW
4.2 NORTH AMERICA: SYNTHETIC BIOLOGY MARKET, BY APPLICATION
AND COUNTRY (2023)
4.3 SYNTHETIC BIOLOGY MARKET SHARE, BY APPLICATION, 2024 VS. 2029
4.4 SYNTHETIC BIOLOGY MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Diverse applications of synthetic biology
5.2.1.2 Surging demand for bio-based products
5.2.1.3 Advancements in synthetic biology
5.2.1.4 Increasing funding in R&D and collaborations
5.2.2 RESTRAINTS
5.2.2.1 Production scalability
5.2.2.2 Ethical and regulatory challenges
5.2.3 OPPORTUNITIES
5.2.3.1 Rising opportunities for agricultural synthetic biology
5.2.3.2 Growing integration of artificial intelligence and machine learning
5.2.4 CHALLENGES
5.2.4.1 Cost constraints
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.5.1 PRODUCT/SERVICE PROVIDERS
5.5.2 END USERS
5.5.3 REGULATORY LANDSCAPE
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 DNA synthesis and sequencing
5.6.1.2 Gene editing tools
5.6.1.3 Bioinformatics and computational tools
5.6.1.4 Nanotechnology
5.6.2 COMPLEMENTARY TECHNOLOGIES
5.6.2.1 Cellular and tissue engineering
5.6.3 ADJACENT TECHNOLOGIES
5.6.3.1 Metabolic engineering
5.7 PATENT ANALYSIS
5.7.1 METHODOLOGY
5.7.2 NUMBER OF PATENTS FILED
5.7.3 INNOVATION AND PATENT APPLICATIONS
5.8 PRICING ANALYSIS
5.8.1 INDICATIVE PRODUCT PRICING ANALYSIS, BY KEY PLAYER
5.8.2 INDICATIVE PRODUCT PRICING ANALYSIS, BY REGION
5.9 KEY CONFERENCES & EVENTS, 2024–2025
5.10 REGULATORY LANDSCAPE
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS
5.10.2 REGULATORY FRAMEWORK
5.11 INVESTMENT & FUNDING SCENARIO
5.12 PORTER’S FIVE FORCES ANALYSIS
5.12.1 INTENSITY OF COMPETITIVE RIVALRY
5.12.2 BARGAINING POWER OF SUPPLIERS
5.12.3 BARGAINING POWER OF BUYERS
5.12.4 THREAT OF SUBSTITUTES
5.12.5 THREAT OF NEW ENTRANTS
5.13 KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1 KEY BUYING CRITERIA
5.14 IMPACT OF AI ON SYNTHETIC BIOLOGY MARKET
6 SYNTHETIC BIOLOGY MARKET, BY TOOL
6.1 INTRODUCTION
6.2 OLIGONUCLEOTIDES & SYNTHETIC DNA
6.2.1 SURGING DEMAND FOR SYNTHETIC GENES TO SUPPORT MARKET GROWTH
6.3 ENZYMES
6.3.1 WIDE POTENTIAL OF ENZYME ENGINEERING IN OMICS STUDIES
TO PROPEL MARKET
6.4 CLONING TECHNOLOGY KITS
6.4.1 ALTERATION AND OPTIMIZATION OF GENETIC CIRCUIT DESIGNS
BY MOLECULAR BIOLOGY TECHNIQUES TO DRIVE MARKET
6.5 SYNTHETIC CELLS
6.5.1 GROWING POPULARITY OF SYNTHETIC CELLS AS SUBSTITUTES FOR NATURAL CELLS TO BOOST MARKET GROWTH
6.6 CHASSIS ORGANISMS
6.6.1 INCREASING DEMAND FOR FOSSIL FUELS TO PROPEL MARKET
6.7 XENO NUCLEIC ACIDS
6.7.1 SPIKE IN DEMAND FOR BREAKTHROUGH MEDICINES TO
AID MARKET GROWTH
7 SYNTHETIC BIOLOGY MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
7.2 GENE SYNTHESIS
7.2.1 RISING DEMAND FOR SYNTHETIC GENES AND INCREASING COMPETITIVENESS AMONG MARKET PLAYERS TO SPUR MARKET GROWTH
7.3 GENOME ENGINEERING
7.3.1 SURGING NEED FOR RAPID, CHEAP, AND MULTIPLEX MODIFICATION OF GENOMES TO DRIVE MARKET
7.4 SEQUENCING
7.4.1 RISING ADOPTION OF SEQUENCING TECHNOLOGY TO
BOOST MARKET GROWTH
7.5 BIOINFORMATICS
7.5.1 INCREASING ADVANCEMENTS AND RISING USE OF BIOINFORMATICS TO PROPEL MARKET GROWTH
7.6 CLONING
7.6.1 PRECISE GENETIC REPLICATION TO ACCELERATE RESEARCH AND
SCALING APPLICATIONS ACROSS VARIOUS INDUSTRIES
7.7 SITE-DIRECTED MUTAGENESIS
7.7.1 WIDE APPLICATIONS IN GENETIC ENGINEERING, DNA ASSEMBLY, AND CLONING TECHNOLOGIES TO DRIVE MARKET
7.8 MEASUREMENT & MODELING
7.8.1 INCREASING DEMAND FOR CELL-FREE SYNTHETIC BIOLOGY TO
FOSTER MARKET GROWTH
7.9 MICROFLUIDICS
7.9.1 RISING FOCUS ON INCREASING SCALABILITY OF SYNTHETIC BIOLOGY TOOLS TO PROPEL MARKET GROWTH
7.10 NANOTECHNOLOGY
7.10.1 CONVERGENCE BETWEEN SYNTHETIC BIOLOGY AND NANOTECHNOLOGY TO AID MARKET GROWTH
8 SYNTHETIC BIOLOGY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 MEDICAL APPLICATIONS
8.2.1 PHARMACEUTICALS
8.2.1.1 Potential of synthetic biology techniques in development of active pharmaceutical ingredients to drive market
8.2.2 DRUG DISCOVERY & THERAPEUTICS
8.2.2.1 Cancer detection & diagnostics
8.2.2.1.1 Increasing investments in cancer research to
support market growth
8.2.2.2 Other drug discovery & therapeutic applications
8.2.3 ARTIFICIAL TISSUE & TISSUE REGENERATION
8.2.3.1 Biosynthesis
8.2.3.1.1 Expansive design space enabled by synthetic biology to foster market growth
8.2.3.2 Stem cell regulation
8.2.3.2.1 Stem cell research to accelerate market growth
8.2.3.3 Other artificial tissue & tissue regeneration applications
8.3 INDUSTRIAL APPLICATIONS
8.3.1 BIOFUELS & RENEWABLE ENERGY
8.3.1.1 Advantages of using genetically engineered organisms for synthetic production of biofuels to propel market growth
8.3.2 INDUSTRIAL ENZYMES
8.3.2.1 Textile industry
8.3.2.1.1 Surge in demand for increasing reaction rates and reducing costs to foster market growth
8.3.2.2 Paper industry
8.3.2.2.1 Increasing use of enzymes in pulp and paper industry to favor market growth
8.3.2.3 Consumer care industry
8.3.2.3.1 Skincare & cosmetics
8.3.2.3.1.1 Benefits offered by synthetic biology technologies in manufacturing of skincare and cosmetic products to propel market growth
8.3.2.3.2 Other consumer care products
8.3.2.4 Other industries
8.3.3 BIOMATERIALS & GREEN CHEMICALS
8.3.3.1 Production of green chemicals through microbial fermentation to drive market
8.4 FOOD, ANIMAL HEALTH, AND AGRICULTURAL APPLICATIONS
8.4.1 FLAVORS & FRAGRANCES
8.4.1.1 Rising demand for natural, sustainable products to
bolster market growth
8.4.2 OTHER FOOD, ANIMAL HEALTH, AND AGRICULTURAL APPLICATIONS
8.5 ENVIRONMENTAL APPLICATIONS
8.5.1 BIOREMEDIATION
8.5.1.1 Increasing need for cost-effective, on-site environmental monitoring methods to boost market
8.5.2 BIOSENSING
8.5.2.1 Growing interest in development of whole-cell biosensors
to drive market
9 SYNTHETIC BIOLOGY MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK
9.2.2 US
9.2.2.1 Rising investment in synthetic biology companies and surging demand for bio-based products to drive market
9.2.3 CANADA
9.2.3.1 Strong research infrastructure and availability of funding to
support market growth
9.3 EUROPE
9.3.1 EUROPE: MACROECONOMIC OUTLOOK
9.3.2 GERMANY
9.3.2.1 Government initiatives and increasing funding to propel
market growth
9.3.3 UK
9.3.3.1 Increasing R&D expenditure to favor market growth
9.3.4 FRANCE
9.3.4.1 Investments aimed at increasing research in various biomedical fields to augment market growth
9.3.5 SWITZERLAND
9.3.5.1 Established biotech ecosystem, strong academic institutions, and favorable government policies to favor market growth
9.3.6 DENMARK
9.3.6.1 Presence of third-largest commercial drug development pipeline in Europe to favor market growth
9.3.7 ITALY
9.3.7.1 Increasing life sciences R&D funded by both public and private organizations to foster market
9.3.8 SPAIN
9.3.8.1 Well-established network of research centers, universities, and hospitals to support market growth
9.3.9 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK
9.4.2 CHINA
9.4.2.1 Rising growth opportunities for pharmaceutical and biopharmaceutical companies to drive market
9.4.3 JAPAN
9.4.3.1 Growing awareness of synthetic biology's importance and potential applications to accelerate market growth
9.4.4 INDIA
9.4.4.1 Increasing R&D activities and government funding initiatives to bolster market growth
9.4.5 AUSTRALIA
9.4.5.1 Increasing funding for synthetic biology research to
accelerate market growth
9.4.6 SOUTH KOREA
9.4.6.1 Increasing focus on developing biotechnology and pharmaceutical sectors to boost market
9.4.7 REST OF ASIA PACIFIC
9.5 LATIN AMERICA
9.5.1 LATIN AMERICA: MACROECONOMIC OUTLOOK
9.5.2 BRAZIL
9.5.2.1 Growing life sciences and pharmaceutical industry to fuel demand for synthetic biological products
9.5.3 MEXICO
9.5.3.1 Increasing support for biotechnology infrastructure development to augment market growth
9.5.4 REST OF LATIN AMERICA
9.6 MIDDLE EAST
9.6.1 MIDDLE EAST: MACROECONOMIC OUTLOOK
9.6.2 GCC COUNTRIES
9.6.2.1 KSA
9.6.2.2 UAE
9.6.2.3 Rest of GCC countries
9.6.3 REST OF MIDDLE EAST
9.7 AFRICA
9.7.1 AFRICA: MACROECONOMIC OUTLOOK
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGY/RIGHT TO WIN
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN
SYNTHETIC BIOLOGY MARKET
10.3 REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.5.5.1 Company footprint
10.5.5.2 Region footprint
10.5.5.3 Tool footprint
10.5.5.4 Technology footprint
10.5.5.5 Application footprint
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.7 COMPANY VALUATION & FINANCIAL METRICS, 2023
10.7.1 FINANCIAL METRICS
10.7.2 COMPANY VALUATION
10.8 BRAND/PRODUCT COMPARISON
10.9 COMPETITIVE SCENARIO
10.9.1 PRODUCT LAUNCHES
10.9.2 DEALS
10.9.3 EXPANSIONS
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 THERMO FISHER SCIENTIFIC INC.
11.1.1.1 Business overview
11.1.1.2 Products/Services offered
11.1.1.3 Recent developments
11.1.1.3.1 Product launches
11.1.1.3.2 Deals
11.1.1.3.3 Expansions
11.1.1.4 MnM view
11.1.1.4.1 Key strengths
11.1.1.4.2 Strategic choices
11.1.1.4.3 Weaknesses & competitive threats
11.1.2 MERCK KGAA
11.1.2.1 Business overview
11.1.2.2 Products/Services offered
11.1.2.3 Recent developments
11.1.2.3.1 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses & competitive threats
11.1.3 NOVOZYMES A/S
11.1.3.1 Business overview
11.1.3.2 Products/Services offered
11.1.3.3 Recent developments
11.1.3.3.1 Product launches
11.1.3.3.2 Deals
11.1.3.4 MnM view
11.1.3.4.1 Key strengths
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses & competitive threats
11.1.4 EUROFINS SCIENTIFIC
11.1.4.1 Business overview
11.1.4.2 Products/Services offered
11.1.5 AGILENT TECHNOLOGIES INC.
11.1.5.1 Business overview
11.1.5.2 Products/Services offered
11.1.5.3 Recent developments
11.1.5.3.1 Products launches
11.1.5.3.2 Deals
11.1.5.3.3 Expansions
11.1.6 AMYRIS, INC.
11.1.6.1 Business overview
11.1.6.2 Products/Services offered
11.1.6.3 Recent developments
11.1.6.3.1 Deals
11.1.7 CODEXIS, INC.
11.1.7.1 Business overview
11.1.7.2 Products/Services offered
11.1.7.3 Recent developments
11.1.7.3.1 Product launches
11.1.7.3.2 Deals
11.1.7.3.3 Expansions
11.1.8 TWIST BIOSCIENCE
11.1.8.1 Business overview
11.1.8.2 Products/Services offered
11.1.8.3 Recent developments
11.1.8.3.1 Product launches
11.1.8.3.2 Deals
11.1.8.3.3 Expansions
11.1.9 GENSCRIPT
11.1.9.1 Business overview
11.1.9.2 Products/Services offered
11.1.9.3 Recent developments
11.1.9.3.1 Product launches
11.1.9.3.2 Deals
11.1.9.3.3 Other developments
11.1.10 PRECIGEN
11.1.10.1 Business overview
11.1.10.2 Products/Services offered
11.1.11 GINKGO BIOWORKS
11.1.11.1 Business overview
11.1.11.2 Products/Services offered
11.1.11.3 Recent developments
11.1.11.3.1 Product launches
11.1.11.3.2 Deals
11.1.12 VIRIDOS
11.1.12.1 Business overview
11.1.12.2 Products/Services offered
11.1.12.3 Recent developments
11.1.12.3.1 Product launches
11.1.12.3.2 Deals
11.1.12.3.3 Other developments
11.1.13 SYNTHEGO
11.1.13.1 Business overview
11.1.13.2 Products/Services offered
11.1.13.3 Recent developments
11.1.13.3.1 Product launches
11.1.13.3.2 Deals
11.1.13.3.3 Expansions
11.1.14 CREATIVE ENZYMES
11.1.14.1 Business overview
11.1.14.2 Products/Services offered
11.1.15 CYRUS BIOTECHNOLOGY
11.1.15.1 Business overview
11.1.15.2 Products/Services offered
11.1.15.3 Recent developments
11.1.15.3.1 Deals
11.2 OTHER PLAYERS
11.2.1 ATUM
11.2.2 TESELAGEN
11.2.3 ARZEDA
11.2.4 INTEGRATED DNA TECHNOLOGIES, INC.
11.2.5 NEW ENGLAND BIOLABS
11.2.6 ELEVATEBIO
11.2.7 ZENFOLD (IOSYNTH)
11.2.8 SYNBIO TECHNOLOGIES
11.2.9 INSCRIPTA, INC.
11.2.10 CRISPR THERAPEUTICS
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
Synthetic biology is defined as an emerging area of research that can broadly be described as the design and construction of novel artificial biological pathways, organisms or devices, or the redesign of existing natural biological systems. Tools and technologies that are used in synthetic biology are used to arrive at the global synthetic biology market.
Synthetic biology is an emerging area of research and is broadly described as the design and construction of novel organisms or devices, artificial biological pathways, and also the redesign of existing natural biological systems.
The synthetic biology market is rapidly evolving that has resulted in a paradigm shift within the market, resulting in various technological advancements such as production of synthetic genes and chassis organisms, to more recent efforts to develop synthetic organisms from scratch. Synthetic biology has a wide range of applications in both the academic and life sciences industries, including biofuels, biochemicals, pharmaceuticals, drug discovery and therapeutics, and bioremediation, among others.
The global synthetic biology market is expected to reach $XX billion by 2018 from $XX billion in 2013, growing at a CAGR of XX% from 2013 to 2018. The key factors propelling the growth of this market are rising R&D expenditure of pharmaceutical and biotechnology companies worldwide, increasing demand for synthetic genes, rise in production of genetically modified crops, and increasing funding for synthetic biology research. On the other hand, ethical and societal issues, such as biosafety and biosecurity, may hamper market growth.
In 2013, the technologies market accounted for the largest share of the global synthetic biology market, by segment. This market is likely to grow at the highest CAGR of XX% from 2013 to 2018, owing to the wide application of these technologies in the production of tools and synthetic biology products. The enabling technologies segment accounted for the largest share of the global synthetic biology technologies market in 2013, owing to high usage of gene synthesis and bioinformatics solutions in synthetic biology.
The gene synthesis technology accounted for the largest share of ~XX% of the enabling technologies market in 2013, owing to high demand for synthetic genes, DNA-based vaccines, and bioengineered antibodies. However, bioinformatics is likely to grow at the highest CAGR of XX% from 2013 to 2018 due to its critical role in designing and constructing new biological parts, devices and systems, and redesigning of existing systems.
In the tools segment, oligonucleotides accounted for the largest share of XX% of the synthetic biology tools market in 2013. However, the cloning technology kits segment is likely to witness the highest CAGR of XX% from 2013 to 2018, owing to the growing demand for these kits in various synthetic biology processes such as biofuel production, biochemical generation, and gene synthesis, among others.
