Forecast and Trends:
Global Market of Synthetic Biology is estimated to reach USD 26.9 billion in
2026 while it stood at USD 7.0 billion in 2019 with an expected growth of more
than CAGR of 21%.
of International Diabetes Research Federation show that only in North America,
there are about 47 millions of adults aged between 20-30 are suffering from
diabetes, which possesses about 16% of worldwide diabetic cases in young age.
Similarly cancer is the second most cause of death worldwide. Thus Synthetic
Biology provides a great platform for future medicines in the fight of diabetes
and cancer which propel the demand of Synthetic Biology in the near future.
investments by the Government and Private sector in the field of research and
development of biotechnology, growing demand of genetically modified plants,
increasing demand in alternate fuels such as biofuels are also expected to
propel the market growth.
Biology Market: Overview
Biology is a part of modern science in which several disciplines from biology
and engineering are brought together mainly in the field of Biotechnology,
molecular engineering to build an improved genetic structure of organism i for
useful purpose by providing them new abilities, such as sensing something in
environment, cleaning pollutants from water and many more.
Synthetic Biology also helps in modification
of genes of agricultural plants such as rice, wheats etc. for the production of
better quality and large volume of grains in small area of land. It also helps
plant to gain new abilities like when rice plant is modified with technology,
it is able to produce beta-carotene which is very helpful in treatment of
Vitamin A deficiency which causes blindness in 200,000-400,00 children every
engineering advancement such as DNA Synthesis technology will reduce cancer
risk and drive the growth of synthetic biology market.
Biology Market: By Tools
market, on the basis of tools, is segmented into oligonucleotides and synthetic
DNA, enzymes, synthetic cells, chassis organisms, xeno-nucleic acid and cloning
and assembly technology kits. Rising demand of synthetic DNA, and RNA, which
are used in wide array of research applications, contributes in the largest
share of oligonucleotides and synthetic DNA in the market followed by enzymes.
organisms are widely used to fulfill industrial bio production through
treated Xeno-nucleic acids help to understand the possiblityof heredity through
and assembly technology is used to detect and remove the genetic disorder like
breaking of DNA structure.
Biology Market: By Technology
biotechnology involves manipulation of amino acids into proteins, protein
modification using synthetic compounds, DNA Synthesis which involves production
of improved products across the industries like medicine, environment and
energy. It is segregated mainly into Gene Synthesis and
Synthesis technology is widely used in the construction
and assembly ofnew genes from nucleotides. Using this technique, artificial DNA
sequence can be generated in the laborites without the help of any living
cells. Bioinformatics technology is
used in integration of design, build and test stages biological engineering
cycle. It includes selection, synthesis, assembly and system.
Biology Market: By Application
Biology is segmented into environmental, medical, industrial, and food &
agricultural applications. Medical applications share the largest share of
market followed by the Industrial applications. Extensive research and huge
investment for better treatments are the primary driver of Medical Application
segment. Biorefinery is an environment friendly approach in the chemical based
industry to convert chemical materials into renewal source of energy. Synthetic
rubber is derived from petroleum based products for rubber industry. Similarly,
OPXBIO, an advance acrylic product used in paints to make it more durable and
odor free. Uses of microorganism or enzymes are old-age process in food
processing. With the advancement of technology, wide range of enzymes are being
developed and widely used in food industry to improve taste and texture. They
also offer huge economic benefits to the industry. Several antimicrobial agents
are also used in food packaging.
of nanotechnology has appeared as game changer agent for plant growth,
fertilizers and pesticides. This treatment also involves in the production of
genetically strong plants that are resistant to bacteria, fungus and produce
large volume of grains. Tissue regeneration technology is widely used in
treatment of body like repair or replacement of whole tissue or a portion of
skin, blood vessels, cartilage etc.
Biology Market: By Region
biology market is led by the North America in terms of revenue generated
followed by Europe. North America will lead the market through the forecast
period due to constant support from government and private organizations, establishment
of small start-ups and increasing demand of gene synthesis to provide a better
heredity. Due to increasing population resulting in increasing patients of
geriatric diseases like arthritis, osteoporosis etc, Asia-Pacific region is
next hot market for the Synthetic Biology. Lots of multinational companies are
investing in the biotechnology field and increasing awareness of science is
expected to boost Asia-Pacific region. This market is segmented into North America, Europe, Asia-Pacific region and
Rest of World category in terms of market share and revenue generation.
Biology Market: Key Players
prominent players in this market was Thermo Fisher Scientific Inc. by (US) by
the end of 2019. It provides varied range of biosynthetic products which
include DNA Fragments, engineering kits and software.The company shares around
30% of market share in this field. Merck KGaA (Germany), Novozymes A/S
(Denmark), Agilent Technologies, Inc.
(US), Ginkgo Bioworks (US), Amyris, Inc. (US), Intrexon Corporation (US),
GenScript Biotech Corporation (China) are other major key players in this
Recent development by the
March 2020, Zymergen, one of the world’s foremost science and material
innovation company has acquired enEvolv spreading its wing in the field of
ultra-high microbial screening and engineering.
2019, Atlantic Power acquired AltaGas Power to increase its production of
2019, Amyris, Inc. (US) launched the PURECANE Brand Sweetener.
leading service provider in NASA space program, has invested in USD 3.3 billion
in the field of aerospace, technology and nuclear energy.
Biology Market: Report Objective
analysis of current market and future market trends to provide clear view of
analysis of top key player companies and their strategies.
study of Synthetic Biology accordance with region
study of recent developments in the field of Synthetic Biology.
Scope of the
Food & Agriculture
Rest of World (Row).