Global Synthetic Biology Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Core products - Synthetic genes, Synthetic DNA, Synthetic cells, Chassis organisms and Xeno nucleic acid (XNA), Enabling products - Oligonucleotide synthesis and DNA synthesis.

By Application;

Agriculture, Chemicals (excluding bio-fuels), Bio-fuels, Healthcare, Others (R&D, biosecurity and energy and environment).

By Technology;

DNA sequencing, Genome engineering, Biological components and Integrated Systems and Bioinformatics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn118097737 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Synthetic Biology Market (USD Million), 2020 - 2030

In the year 2023, the Global Synthetic Biology Market was valued at USD 12,978.79 million. The size of this market is expected to increase to USD 59,636.23 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 24.3%.

The global synthetic biology market is experiencing rapid growth as technological advancements and innovative applications transform various industries. Synthetic biology, which combines principles of engineering and biology, enables the design and construction of new biological parts, devices, and systems. This interdisciplinary field has the potential to address some of the world's most pressing challenges, from healthcare and agriculture to environmental sustainability and industrial biotechnology.

A major driving force behind the expansion of the synthetic biology market is the development of advanced tools and techniques, such as CRISPR-Cas9 for precise gene editing and automated DNA synthesis. These innovations have significantly reduced the cost and time required for genetic engineering, making it more accessible and efficient. As a result, researchers and companies can now create tailored organisms and biological systems for a wide range of applications, from producing biofuels and bioplastics to developing new therapies and diagnostic tools.

The demand for sustainable and bio-based products is also propelling the growth of synthetic biology. With increasing awareness of environmental issues and the need to reduce dependence on fossil fuels, there is a growing interest in using synthetic biology to develop renewable resources and eco-friendly solutions. For example, engineered microbes can be used to produce chemicals, materials, and energy sources from biomass, offering a sustainable alternative to traditional petrochemical processes. This shift towards a bioeconomy is expected to drive further investment and innovation in the field.

The healthcare sector stands to benefit significantly from advancements in synthetic biology. The ability to engineer microorganisms and cells for therapeutic purposes opens up new avenues for personalized medicine, gene therapy, and vaccine development. Synthetic biology enables the creation of targeted treatments for complex diseases, improving efficacy and reducing side effects. It plays a crucial role in developing diagnostic tools and biosensors, enhancing disease detection and monitoring capabilities. As these technologies continue to evolve, synthetic biology is poised to revolutionize the global healthcare landscape, offering solutions that were once thought to be unattainable.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Region
  4. Global Synthetic Biology Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rapid Advancements in DNA Synthesis and Gene Editing Technologies
        2. Increasing Demand for Bio-Based Products
        3. Expanding Applications in Healthcare and Pharmaceuticals
      2. Restraints
        1. Ethical and Safety Concerns
        2. Complexity and Standardization Challenges
        3. Regulatory Hurdles and Intellectual Property Issues
      3. Opportunities
        1. Customized Biomanufacturing and Industrial Biotechnology
        2. Emerging Markets and Global Collaborations
        3. Biosecurity and Biodefense Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Synthetic Biology Market, By Product, 2020 - 2030 (USD Million)
      1. Core products
        1. Synthetic genes
        2. Synthetic DNA
        3. Synthetic cells
        4. Chassis organisms
        5. Xeno nucleic acid (XNA)
      2. Enabling products
        1. Oligonucleotide synthesis
        2. DNA synthesis
    2. Global Synthetic Biology Market, By Application, 2020 - 2030 (USD Million)
      1. Agriculture
      2. Chemicals (excluding bio-fuels)
      3. Bio-fuels
      4. Healthcare
      5. Others (R&D, biosecurity, energy and environment)
    3. Global Synthetic Biology Market, By Technology, 2020 - 2030 (USD Million)
      1. DNA sequencing
      2. Genome engineering
      3. Biological components
      4. Integrated Systems and Bioinformatics
    4. Global Synthetic Biology Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Amyris Inc
      2. Agrivida Inc
      3. Algenol Biofuels Inc
      4. Bayer AG
      5. ATG:biosynthetics GmbH
      6. Comprehensive Biomarker Center GmbH
      7. Bioneer Corporation
      8. Bristol-Myers Squibb
      9. Biosearch Technologies Inc
      10. Gene Script Corporation
  7. Analyst Views
  8. Future Outlook of the Market

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