The Global Synthetic Biology Market Report by The Business Research Company covers synthetic biology market drivers and restraints, synthetic biology market size, major players, and the impact of COVID-19 on the synthetic biology market.

The synthetic biology market consists of sales of synthetic compounds, technology, and related services. Synthetic biology is a field of biology which also involves engineering principles, whereby organisms are redesigned for useful purposes by engineering them to have new abilities. It can be used to harness the power of nature to solve problems in medicine, agriculture, and manufacturing.

The global synthetic biology market reached a value of nearly $8,640.0 million in 2020, having increased at a compound annual growth rate (CAGR) of 22.5% since 2015. The market is expected to grow at a CAGR of 27.3 % from 2020 to reach $28,910.0 million in 2025. The global synthetic biology market is expected to reach $61,591.2 million in 2030, at a CAGR of 16.3%.

Increasing demand for synthetic biology during the COVID-19 pandemic is expected to be a major driver of the market going forward. There has been an increase in the adoption of synthetic biology technology for the development of more potent, more stable vaccines which are easier and quicker to manufacture.

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Some synthetic biology market trends include developing automated solutions for devices and equipment used for synthetic biology processes. Moreover, companies in the synthetic biology market are focusing on the development of automated solutions for nucleotide synthesis and sequencing devices and equipment used for COVID-19 testing. This will help to enhance productivity and consistency of the whole sequencing process along with reducing contact points for samples, consumables and liquid handling which improves safety of clinical and laboratory personnel.

 Global synthetic biology market segments include:

1) By Technology: Nucleotide Synthesis And Sequencing, Bioinformatics, Microfluidics, Genetic Engineering, Others

2) By Application: Pharmaceuticals And Diagnostics, Chemicals, Biofuels, Bioplastics, Other Applications

3) By Product Type: Oligonucleotides, Enzymes, Cloning And Assembly Kits, Xeno-Nucleic Acids (XNA), Chassis Organism, Others

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Synthetic Biology Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides synthetic biology market overviews, analyzes and forecasts market size, share, synthetic biology market players, synthetic biology market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The synthetic biology identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Synthetic Biology Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, New England Biolabs, Novozymes A/S

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Synthetic Biology Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Synthetic Biology Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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