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Synthetic Biology Market to Grow at a CAGR of 23% From 2015 to 2020


News provided by

Allied Market Research

08 Feb, 2016, 12:48 GMT

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Allied Market Research Logo (PRNewsFoto/ALLIED MARKET RESEARCH)

PORTLAND, Oregon, February 8, 2016 /PRNewswire/ --

A new report published by Allied Market Research titled, "World Synthetic Biology Market - Opportunities and Forecasts, 2014-2020", estimates the world synthetic biology market to be $5.2 billion in 2015. Nucleotide synthesis and sequencing technology segment would continue to lead the market until 2020. Synthetic oligos and software tools segment, collectively, held around half of the market share in 2015.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229)

To know more about the report, visit the website at https://www.alliedmarketresearch.com/synthetic-biology-1520-market

The world synthetic biology market is poised to grow at a CAGR of 23% between 2015 to 2020 owing to its growing applications in drug & vaccine development, biofuel production and high demand for bio-based polymers & biochemical. Emerging applications across novel fields of research, such as agriculture and bioremediation are expected to further drive the market growth. Synthetic biology has gained popularity in hazardous waste cleanup initiatives through engineered microbes, which can degrade recalcitrant chemicals such as dioxins, pesticides or even radioactive compounds. Engineered crops, through synthetic biology, would bridge the gap between supply and demand globally. However, factors such as biosafety and biosecurity issues may hinder the market growth.

Pharmaceutical and diagnostic application segment would continue to dominate throughout the forecast period. This is attributed to the rising adoption of technologies including, bioinformatics in drug discovery and development and widespread use in diagnostic kits and toxicity screening. Moreover, favorable regulations and high R&D investment by companies intend to further supplement the growth of the pharmaceuticals and diagnostics application market.

Key findings of the study: 

  • Synthetic cells segment is projected to grow at a highest CAGR of 25.5% during the forecast period.
  • Synthetic oligos would continue to remain as the leading revenue generating segment, garnering around one fourth of the market share by 2020.
  • Microfluidics technology is projected to be the fastest growing segment, registering a CAGR of 32.5%.
  • Biofuels application segment is expected to register a highest CAGR of 24.2%.
  • Asia-Pacific bagged about 22% market share in 2015.

Europe is estimated to be the highest revenue generator in the world synthetic biology market in 2015. North America and Europe, collectively, accounted for around two-thirds of the overall market in 2015, and this trend is expected to continue during the forecast period. The key companies profiled in the report are Thermo Fischer Scientific, GenScript, DNA2.0, Integrated DNA technologies, Eurofins Scientific, Inc., Origene technologies, Scientific genomics Inc. Editas Medicine, Inc., Pareto Biotechnologies, Blue heron, TeselaGen, Twist biosciences, Syntrox Inc., and others.

Similar Reports Published by Allied Market Research -

World Bioinformatics Market - https://www.alliedmarketresearch.com/bioinformatics-market

World Microfluidics Market  - https://www.alliedmarketresearch.com/microfluidics-market

World DNA Sequencing Market - https://www.alliedmarketresearch.com/dna-sequencing-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Deep Joshi
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Int'l: +1-(503)-505-6949
Toll Free: +1-800-792-5285 (U.S. & Canada)
LinkedIn: https://www.linkedin.com/company/allied-market-research
Web: www.alliedmarketresearch.com
E-mail: sales@alliedmarketresearch.com

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