Product ID: SQMIG35H2209
Report ID:
SQMIG35H2209 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
132 |
Figures:
81
Global Synthetic Biology Market size was valued at USD 11 billion in 2019 and is poised to grow from USD 13.09 billion in 2023 to USD 55.37 billion by 2031, growing at a CAGR of 18.97% in the forecast period (2024-2031).
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.
US Synthetic Biology Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Synthetic Biology Market size was valued at USD 11 billion in 2019 and is poised to grow from USD 13.09 billion in 2023 to USD 55.37 billion by 2031, growing at a CAGR of 18.97% in the forecast period (2024-2031).
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Product ID: SQMIG35H2209