Synthetic Biology Market Size, Share, Development, Growth and Demand Forecast to 2020.pdf
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GLOBAL INDUSTRY INSIGHT:<br />
<strong>Synthetic</strong> <strong>Biology</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong> <strong>and</strong> Dem<strong>and</strong><br />
<strong>Forecast</strong> <strong>to</strong> 2020
Global <strong>Synthetic</strong> <strong>Biology</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>,<br />
<strong>Growth</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> 2020<br />
The global synthetic biology market is growing significantly due <strong>to</strong> increasing dem<strong>and</strong> for protein therapeutics <strong>and</strong><br />
bio-fuels in the industry. Massive unexplored market in synthetic biology industry of developing economies are<br />
creating ample opportunities for the synthetic biology market <strong>to</strong> grow at a considerable rate during the forecasted<br />
period. In addition, increasing investment of World Health Organization (WHO) <strong>and</strong> other NGOs are also creating<br />
opportunities for the synthetic biology market in the coming years.<br />
Explore more or request TOC on Global <strong>Synthetic</strong> <strong>Biology</strong> <strong>Market</strong> at:<br />
https://www.psmarketresearch.com/market-analysis/synthetic-biology-market<br />
The advanced research <strong>and</strong> development facilities <strong>and</strong> new product developments by the companies are<br />
propelling the dem<strong>and</strong> of synthetic biology industry. <strong>Synthetic</strong> biology is a procedure, which employs biology <strong>and</strong><br />
genetic engineering <strong>to</strong> manufacture artificial biology devices <strong>and</strong> systems. It has been used for mitigating<br />
damaging effects of marine pollution.<br />
On the basis of products of synthetic biology, the market can be categorized as core products <strong>and</strong> enabling<br />
products. The enabling products are expected <strong>to</strong> grow with the faster rate in the coming years due <strong>to</strong><br />
technological advancement in order <strong>to</strong> reduce the rate of errors in assembling. Core products are further<br />
segmented as chassis organisms, synthetic DNA, synthetic genes, synthetic cells, xeno nucleic acid, <strong>and</strong> others.<br />
In addition, enabling products include DNA synthesis, <strong>and</strong> oligonucleotide synthesis. On the basis of technologies<br />
of synthetic biology, the market can be categorized as genome engineering, bioinformatics, DNA sequencing <strong>and</strong><br />
biological components <strong>and</strong> integrated systems.<br />
The synthetic biology market can be categorized on the basis of application as research <strong>and</strong> development,<br />
agriculture, chemicals, pharmaceutical <strong>and</strong> diagnostics, biofuels, <strong>and</strong> others. The pharmaceutical <strong>and</strong> diagnostics<br />
lead the synthetic biology market, while biofuels are expected <strong>to</strong> grow with the fastest rate in the coming years<br />
due <strong>to</strong> high dem<strong>and</strong> for energy security.<br />
Some of the fac<strong>to</strong>rs driving the growth of the global synthetic biology market are rising need for synthetic genes,<br />
increasing dem<strong>and</strong> for genetically modified crops, rising research <strong>and</strong> development expenditure of<br />
pharmaceutical <strong>and</strong> biotechnology companies, <strong>and</strong> advancement in molecular biology. In addition, declining cost<br />
of DNA sequencing, rising government initiatives in synthetic biology research, <strong>and</strong> rising dem<strong>and</strong> for enhanced<br />
drugs <strong>and</strong> vaccine are also some of the fac<strong>to</strong>rs fueling the growth of the global synthetic biology market.<br />
However, ethical issues, <strong>and</strong> bio-security <strong>and</strong> bi-safety are some of the fac<strong>to</strong>rs restraining the growth of the global<br />
synthetic biology market <strong>to</strong> some extent.<br />
Geographically, Europe will be leading the global synthetic biology market in the coming years, due <strong>to</strong> rising<br />
government investment, rising need for enhanced drugs <strong>and</strong> supporting government regulations. Asia-Pacific is<br />
© P&S <strong>Market</strong> Research. All rights reserved 2
Global <strong>Synthetic</strong> <strong>Biology</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>,<br />
<strong>Growth</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> 2020<br />
the fastest growing region in the global synthetic biology market. The major reasons for the fastest growth in the<br />
region are large pool of under nourished population, rising government initiates in synthetic biology research <strong>and</strong><br />
high dem<strong>and</strong> for synthetically modified crops in the region. Moreover, the synthetic biology market is growing due<br />
<strong>to</strong> increasing awareness of synthetic biology in the emerging countries, such as India <strong>and</strong> China, of Asia-Pacific<br />
region.<br />
Browse related market research at: https://www.psmarketresearch.com/industry-report/healthcare<br />
Some of the companies operating in the global synthetic biology market are Bayer AG, <strong>Synthetic</strong> Genomics, Inc.,<br />
Bris<strong>to</strong>l-Myers Squibb, Novozyme, New Engl<strong>and</strong> Biolabs, Inc., Integrated DNA Technologies, Inc., Agrivida, Inc.,<br />
Amyris, Inc., DuPont, Inc., Bioresearch Technologies, Inc., Thermo Fisher Scientific, Inc., Green Biologics, Inc.,<br />
Genscript USA, Inc., Intrexon Corporation, <strong>and</strong> REG Life Sciences, LLC.<br />
About P&S <strong>Market</strong> Research<br />
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