USD 9.5011 billion
Global Synthetic Biology Market Size, Share, Growth Analysis, By Products(Core Products, Enabling Products), By Application(Healthcare, Chemicals (Including Bio-fuels)), By Tool(Oligonucleotides, Synthetic Dna), By Technology(Gene Synthesis, Genome Engineering) - Industry Forecast 2022-2028
Report ID: SQSG35H2005 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 133 | Figures: 67
Global Synthetic Biology Market Insights
Global Synthetic Biology Market was valued at USD 9.5011 billion in 2021, and it is expected to reach a value of USD 30.7122 billion by 2028, at a CAGR of 26.5 % over the forecast period (2022-2028).
Synthetic biology market is related to an interdisciplinary field that involves the application of engineering ideas to biology. Its primary goal, which is relatively new in comparison to other disciplines of Science and Technology, is to (re-)design and construct such biological components and systems that do not already exist in the natural world. To assure the rapid production of changed DNA sequences and their integration into two genomes, researchers combine a chemical synthesis of DNA with advances in genomics expertise. The effective application of synthetic biology has the potential to solve problems in medical, manufacturing, and agriculture.
The purposeful or unintended release of synthetic organisms into the environment during research and other uses is a major biosafety risk in synthetic biology. When synthetic bacteria are put into the environment, they can mutate or interact with other species, resulting in crossbreeding and bio errors. This has the potential to endanger the natural species' environment. Another major biosafety worry is the emergence of antibiotic-resistant superbugs. In recent years, the European Union (EU) has supported various research projects on the environmental impact of genetically altered bacteria intentionally released for plant growth or bioremediation.
Market snapshot
Global Market Size
Largest Segment
Healthcare
Fastest Growth
Healthcare
Growth Rate
26.5% CAGR
Global Synthetic Biology Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Synthetic Biology Market Size By Application, 2021-2028 ($ Bn)
Global Synthetic Biology Market Size By Application, 2021-2028 (%)
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Global Synthetic Biology Market Segmental Analysis
The global synthetic biology market is segmented based on Product, Applications, Tool, Technology, and Region. Based on Product it is categorized into: Core Products, Enabling Products, Enabled Products. Based on Applications it is categorized into: Healthcare, Chemicals (Including Bio-Fuels), Food and Agriculture, Other Applications (Biosecurity, Energy, and Environment). Based on Tool it is categorized into: Oligonucleotides and Synthetic DNA, Enzymes, Cloning Technologies Kits, Synthetic Cells, Chassis Organisms, Xeno-nucleic Acids. Based on Technology it is categorized into: Gene Synthesis, Genome Engineering, Sequencing, Bioinformatics, Site-directed Mutagenesis, Cloning, Measurement and Modeling, Microfluidics, Nanotechnology. Based on end use, the market is segmented into Biotechnology and Pharmaceutical Companies, Academic and Government Research Institutes, and Others.Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Application
Over the projected period, the healthcare applications sector is predicted to have the largest compound annual growth rate. Extensive research on new and improved treatments, as well as the availability of private and governmental financing for the discovery of novel cures, are the primary drivers of the medical application segment's growth.
Global Synthetic Biology Market By Application, 2021 (%)
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Global Synthetic Biology Market Regional Insights
The synthetic biology market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America held the largest proportion of the synthetic biology market in 2020, followed by Europe and Asia Pacific. The growth in the number of well-established synthetic biology firms and research institutes in the United States and Canada is linked to the high proportion of the North American market. Other significant causes include the high number of current research investigations and the global expansion of the healthcare sector.
Global Synthetic Biology Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Synthetic Biology Market Dynamics
Driver
- Due to lengthy research and regulatory procedures, the R&D business has always been capital-intensive. Governments see R&D as a critical investment for any country's prosperity, international competitiveness, and public benefit. As a result, R&D investment and funding have steadily increased throughout the years. From 2018 to 2019, R&D investment in the life sciences business increased by 22%. Pharmaceutical and biotechnology businesses spend extensively in research to produce game-changing compounds to meet the rising requirements of the healthcare sector and tackle emerging ailments. The worldwide pharmaceutical R&D sector contributes for over 80% of total R&D investment in the life sciences industry.
Restraint
- The purposeful or unintended release of synthetic organisms into the environment during research and other uses is a major biosafety risk in synthetic biology. When synthetic bacteria are put into the environment, they might mutate or interact with other species, leading in crossbreeding and bio errors. This has the potential to endanger the natural species' environment. Another important biosafety worry is the emergence of antibiotic-resistant superbugs. In recent years, the European Union (EU) has supported various research projects on the environmental impact of genetically altered bacteria intentionally released for plant growth or bioremediation.
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Global Synthetic Biology Market Competitive Landscape
Because of the existence of big, regional, and global competitors in the industry, the synthetic biology market is fragmented and competitive. Small start-ups concentrating on specialized technologies, as well as huge corporations with a diverse portfolio of services and resources, are among the industry players. Vendors compete on the basis of technology, brand identity, and product portfolio. Companies are employing a variety of methodologies since synthetic biology encompasses a wide range of tools such as DNA sequencing and genome engineering. Some market participants concentrate on a single technology or sector, such as biofuels, whilst others concentrate on a specific technique, such as genome engineering, which has various uses. Collaborations and partnerships are two additional significant techniques employed by suppliers.
Top Players Company Profiles
- Thermo Fisher Scientific, Inc. (US)
- Merck KGaA (Germany)
- Agilent Technologies, Inc. (US)
- Novozymes A/S (Denmark)
- Ginkgo Bioworks (US)
- Amyris (US)
- Precigen, Inc. (US)
- GenScript (China)
- Twist Bioscience (US)
- Synthetic Genomics (US)
Recent Developments
- In January 2022, Ribbon Biolabs, a DNA synthesis company, has raised ~USD 19.6 million in series A funding. With this fund, the company enabled commercial-scale production facilities and the expansion of DNA synthesis technology in the United States.
- In February 2021, Merck partnered with BioNTech (Germany) to supply lipids for the Pfizer-BioNTech COVID-19 Vaccine (BNT162b2).
- In January 2021, Novozymes launched Frontia GlutenEx. It would assist wheat processors in increasing gluten protein recovery while also reducing energy use.
- In January 2021, Merck acquired AmpTec (Germany). The firm expanded its product range by developing and manufacturing mRNA for use in vaccinations, therapies, and diagnostics as a result of this purchase.
Global Synthetic Biology Key Market Trends
- The medical applications segment is expected to grow at a fastest CAGR. The availability of large corporate and governmental financing for the development of novel cures, as well as extensive research on new and better treatments, is the key driver of the medical applications segment's growth.
- The medical applications segment is expected to grow at a fastest CAGR. The availability of large corporate and governmental financing for the development of novel cures, as well as extensive research on new and better treatments, is the key driver of the medical applications segment's growth.
- The increasing demand for synthetic biology for research and development reasons by biotechnological and pharmaceutical businesses contributes to the expansion of this industry. The use of Synthetic Biology techniques in drug discovery and development is a driving force in the Global Synthetic Biology market. Furthermore, investments made by governments and other business organisations in the science and technology arena for the discovery of pharmaceuticals and synthetic biological products, particularly for the development of successful COVID-19 vaccinations, are proving to be a major driver of market growth.
Global Synthetic Biology Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, significant R&D investment is one of the primary drivers driving the growing demand for synthetic biology techniques and technologies among academic and research organizations, as well as healthcare corporations in North America.
According to our analysis, with increasing internet penetration, the Synthetic Biology market size from the e-commerce segment would expand in terms of distribution channels. Benefits such as ease of access have contributed to the rapid expansion of online purchase in India, China, and Germany. The expanding popularity of e-commerce and thriving retail businesses, which result in higher overall sales, will also fuel category growth.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 9.5011 billion |
| Market size value in 2028 | USD 30.7122 billion |
| Growth Rate | 26.5% |
| Base year | 2021 |
| Forecast period | 2022-2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Synthetic Biology Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Synthetic Biology Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Synthetic Biology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Synthetic Biology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Synthetic Biology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Synthetic Biology Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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