According to Arizton’s latest research report, the global synthetic biology market is growing at a CAGR of 25.68% during 2023-2029.
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Report Scope:
Market Size (2029): $59.91 Billion
Market Size (2023): $15.20 Billion
CAGR (2023-2029): 25.68%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Tool, Technology, Application, End-User, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
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The global synthetic biology market is highly competitive, with major players like Agilent Technologies, Codexis, Eurofins Scientific, Illumina, Novozymes, and Thermo Fisher Scientific commanding significant market shares. These leading companies face intense competition from both emerging and established players, driving ongoing technological innovation and product development across sectors such as healthcare, industrial applications, food and beverages, agriculture, and environmental solutions.
To sustain their market position and expand their reach, key players are focusing on organic growth strategies. This includes launching new products, enhancing existing ones, and securing patents for innovative technologies. These strategies are bolstered by substantial investments in research and development (R&D), which lead to valuable collaborations and acquisitions that enhance their product offerings and market expertise.
Despite the strong presence of major companies, the synthetic biology market presents substantial growth opportunities for smaller and emerging players. These companies are actively developing advanced synthetic biology tools and technologies, contributing to the market’s dynamic nature and fostering new opportunities for innovation and market entry. The increasing global demand for advanced healthcare solutions and other applications particularly drives this growth.
Strategic Initiatives and New Collaborations in the Synthetic Biology Market
Novozymes and Codexis are actively pursuing strategic initiatives to bolster their market presence, including the launch of new products and fostering collaborative efforts. Similarly, Agilent Technologies and Eurofins Scientific are key players focusing on introducing new products in targeted regions to increase their global market share.
In 2023, Sumitomo Chemical and Ginkgo Bioworks launched a new initiative to utilize synthetic biology to produce functional chemicals, marking their third collaborative project. Since 2021, the two companies have worked together on biomanufacturing solutions for personal care, cosmetics, agriculture, and pharmaceuticals. Their latest project is aimed at enabling large-scale production of functional chemicals through fermentation.
Key Vendors
Agilent Technologies
Codexis
Eurofins Scientific
Illumina
Novozymes
Thermo Fisher Scientific
Amyris
ATUM
Bio-Rad Laboratories
Creative Biogene
Creative Enzymes
Cyrus Biotechnology
Editas Medicine
Genomatica
Genscript
Ginkgo Bioworks
Integrated DNA Technologies
LGC Biosearch Technologies
New England Biolabs
OriGene Technologies
Precigen
Sentebiolab
SynbiCITE
Synthego
Tessera Therapeutics
Viridos
Asimov
Twist Bioscience
Mammoth Biosciences
ElevateBio
Dupont
DSM
Bota Biosciences
Kiverdi
Merck KGaA
Synlogic
Huee
Upside Foods
Pharma and Biotech Companies Lead Growth in Global Synthetic Biology Market
Pharma and biotech companies are experiencing the highest growth in the global synthetic biology market. These industries have been instrumental in the early achievements of synthetic biology, primarily due to its close relationship with small-molecule drug production. Many of these drugs are derived from natural sources, making it relatively easy to adapt microbial production systems. Additionally, the modular nature of many biosynthetic pathways, especially those used in producing bioactive natural products like antibiotics, aligns well with synthetic biology’s engineering techniques. These pathways evolved for rapid diversification and cross-species compatibility and often feature large modular assembly lines, providing ideal opportunities for applying synthetic biology approaches.
Segmentation & Forecast
Tool
Oligonucleotides and Synthetic DNA
Enzymes
Cloning Technology Kits
Xeno-Nucleic Acids
Chassis Organisms
Technology
Enabling Technology
Enabled Technology
Application
Healthcare Application
Industrial Application
Food & Agriculture Application
Environmental Application
End-User
Academic/Research Institutes & Laboratories
Pharma & Biotech Companies
Others
North America Leads the Global Synthetic Biology Market with Strong R&D and Regulatory Support
North America dominates the global synthetic biology market, holding the largest share. The region features a vibrant synthetic biology sector, with over 530 regenerative medicine companies specializing in cell and gene therapy and stem cell-based treatments. These companies are at the forefront of research and development, leveraging synthetic biology to advance medical treatments. The US excels in conducting clinical trials of cell and gene therapy, with a rising number of patients opting for these innovative therapies. Frequent regulatory approvals in North America further bolster the region’s leadership in synthetic biology.
Geography
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
APAC
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Turkey
South Africa
Saudi Arabia
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the synthetic biology market. Request for Free Sample to get a glance at the report now: https://www.arizton.com/market-reports/synthetic-biology-market
What Key Findings Will Our Research Analysis Reveal?
What are the key drivers of the global synthetic biology market?
How big is the global synthetic biology market?
Which region dominates the global synthetic biology market?
What is the growth rate of the global synthetic biology market?
Who are the major players in the global synthetic biology market?
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