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Synthetic Biology Market Size and Forecasts 2020-2031: Global and Regional Share, Trends, and Growth Opportunity Analysis by Product, Application, and End-user

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    Report

  • 115 Pages
  • September 2024
  • Region: Global
  • IHR Insights
  • ID: 6006459
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The global synthetic biology market is projected to reach approximately USD 23.40 billion by 2031, reflecting a compound annual growth rate (CAGR) of about 9.70% during the forecast period. North America is expected to maintain the largest market share due to its strong research infrastructure and significant investment in biotechnology. The Asia Pacific region is anticipated to experience the highest growth rate, with a CAGR of approximately 12.30%, driven by increasing research activities, rising demand for synthetic biology applications, and growing investments in biotechnology.

Report Overview:

The report provides an in-depth analysis of the global synthetic biology market, offering a comprehensive view of its growth prospects, key trends, and the factors shaping the industry from 2020 to 2031. This report is designed to assist stakeholders - including industry players, investors, and policymakers - in making informed decisions and developing strategies for market entry and expansion. It covers an extensive examination of market dynamics, segmented by product type, application, end-user, and regional analysis.

Market Definition:

Synthetic biology is an interdisciplinary field that combines principles from biology, engineering, and chemistry to design and construct new biological systems and organisms. This technology involves the creation of novel biological components and systems, including the synthesis of DNA sequences and the engineering of organisms for specific functions. Synthetic biology has broad applications across various sectors, including medical research, industrial processes, food and agriculture, and environmental management. The market encompasses products such as oligonucleotides, enzymes, chassis organisms, and xeno-nucleic acids.

Market Dynamics:

The synthetic biology market is driven by several key factors, including advancements in genetic engineering and biotechnology, which are enabling more precise and efficient manipulation of biological systems. The increasing demand for synthetic biology solutions in medicine, such as gene therapy and personalized medicine, is a significant growth driver. Additionally, the industrial sector's growing interest in synthetic biology for the production of biofuels and biodegradable materials contributes to market expansion.

The food and agriculture sector is benefiting from synthetic biology through innovations in crop improvement and sustainable agriculture practices. Moreover, environmental applications of synthetic biology, such as bioremediation and environmental monitoring, are gaining traction as global awareness of environmental issues rises.

Despite the promising growth, the market faces challenges, including high costs associated with synthetic biology research and development, regulatory hurdles, and ethical considerations. The complexity of designing and constructing synthetic organisms also poses technical challenges, requiring ongoing innovation and refinement.

Market Trends:

Recent developments in synthetic biology are shaping the market's trajectory. The integration of advanced genomic technologies and bioinformatics is enhancing the precision and efficiency of synthetic biology applications. Innovations such as CRISPR-Cas9 gene editing and synthetic gene synthesis are expanding the capabilities of synthetic biology and facilitating the development of new products and applications.

The rise of bioengineering and automation technologies is streamlining the development and production of synthetic biological components. These technologies are enabling high-throughput screening and faster development cycles, making synthetic biology more accessible and cost-effective.

Synthetic biology's role in addressing global challenges is becoming more prominent, with a focus on sustainability and environmental impact. Companies are increasingly exploring applications in bioremediation, carbon capture, and the development of sustainable bio-based materials.

Recent Developments:

1. Advancements in CRISPR Technology: The evolution of CRISPR-Cas9 and related gene-editing technologies has significantly improved the precision and efficiency of genetic modifications, expanding their use in synthetic biology for therapeutic and research applications.

2. Expansion of Synthetic Genomics: Recent progress in synthetic genomics, including the creation of synthetic genomes and novel organisms, is driving innovation in biotechnology and offering new opportunities for research and commercial applications.

3. Development of Biomanufacturing Platforms: New biomanufacturing platforms are being developed to enhance the scalability and efficiency of producing synthetic biological products, including biofuels, pharmaceuticals, and specialty chemicals.

4. Increased Focus on Environmental Applications: Synthetic biology is being increasingly applied to environmental challenges, with advancements in bioremediation technologies and the development of synthetic organisms for environmental monitoring and cleanup.

Market Segmentation:

The synthetic biology market is segmented by product (oligonucleotides, enzymes, chassis organisms, xeno-nucleic acids), application (medical, industrial, food and agriculture, environmental), end-user (academic and research institutes, pharmaceutical and biotechnology companies, synthetic biology companies), and region. This segmentation provides a detailed analysis of market dynamics across various segments.

Competitive Landscape:

The synthetic biology market is highly competitive, with leading companies focusing on innovation and strategic partnerships. Key players in the market include:
  • Illumina, Inc.: Known for its advanced sequencing technologies and synthetic biology solutions.
  • Thermo Fisher Scientific, Inc.: Offers a broad range of synthetic biology products, including oligonucleotides and enzymes.
  • Synthetic Genomics Inc.: Specializes in synthetic genomics and bioengineering technologies.
  • Zymergen Inc.: Focuses on industrial applications of synthetic biology and automation platforms.
  • Codexis, Inc.: Provides enzyme engineering solutions for synthetic biology applications.

Market Forecast:

The synthetic biology market is expected to continue its robust growth trajectory, driven by technological advancements, expanding applications, and increasing demand for personalized medicine and sustainable solutions. Recent developments, such as advancements in CRISPR technology, synthetic genomics, and biomanufacturing platforms, are expected to drive market growth and innovation.

Regulatory Framework:

The synthetic biology market operates within a complex regulatory environment, with various global agencies overseeing the approval and use of synthetic biology products and technologies. In the United States, the FDA regulates synthetic biology products, requiring rigorous validation and safety assessments. In Europe, the EMA and national regulatory bodies manage the approval of synthetic biology applications. Global efforts are underway to harmonize regulatory standards and address challenges related to safety, ethics, and environmental impact.

Customer Landscape:

The synthetic biology market serves a diverse customer base, including academic and research institutions, pharmaceutical and biotechnology companies, and synthetic biology companies. Each segment has specific needs and requirements, driving demand for tailored synthetic biology solutions and services.

Regional Analysis:

Regional dynamics play a significant role in the synthetic biology market. North America leads in revenue and innovation, supported by advanced research infrastructure and high investment in biotechnology. The Asia Pacific region is expected to witness the highest growth rate due to increasing research activities and growing demand for synthetic biology applications. Latin America and the Middle East and Africa are also showing steady growth, driven by rising investments in biotechnology and expanding research activities.

Industry Outlook:

The synthetic biology market is poised for continued growth and innovation. Recent developments in CRISPR technology, synthetic genomics, biomanufacturing platforms, and environmental applications are driving the market forward. These advancements are enhancing the capabilities of synthetic biology, making it more versatile and accessible for a range of applications. The focus on developing cost-effective solutions and integrating advanced technologies will likely further stimulate market growth and create new opportunities.

Table of Contents

1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Segmentation
2.3. Research Methodology
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
3.5. Porter's Five Forces Analysis
3.6. PESTEL Analysis
3.7. Value Chain Analysis
3.8. Price Trend Analysis
3.9. Regulatory Impact Analysis
3.10. Market Competition Intensity Analysis
4. Global Synthetic Biology Market, by Product
4.1. Oligonucleotides
4.2. Enzymes
4.3. Chassis Organisms
4.4. Xeno-Nucleic Acids
5. Global Synthetic Biology Market, by Application
5.1. Medical
5.2. Industrial
5.3. Food and Agriculture
5.4. Environmental
6. Global Synthetic Biology Market, by End-User
6.1. Academic and Research Institutes
6.2. Pharmaceutical and Biotechnology Companies
6.3. Synthetic Biology Companies
7. Global Synthetic Biology Market, by Region
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Mexico
7.2. Europe
7.2.1. Germany
7.2.2. United Kingdom
7.2.3. France
7.2.4. Italy
7.2.5. Spain
7.2.6. Rest of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.3.4. South Korea
7.3.5. Australia
7.3.6. Rest of Asia Pacific
7.4. South and Central America
7.4.1. Brazil
7.4.2. Argentina
7.4.3. Rest of South and Central America
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. South Africa
7.5.3. Rest of Middle East and Africa
8. Competitive Landscape
8.1. Market Share Analysis
8.2. Company Profiles
8.2.1. Luminex Corporation
8.2.2. Thermo Fisher Scientific Inc.
8.2.3. Bio-Rad Laboratories, Inc.
8.2.4. Merck KGaA
8.2.5. Becton, Dickinson and Company
8.2.6. QIAGEN N.V.
8.2.7. Seegene Inc.
8.2.8. Abcam plc
8.2.9. Illumina, Inc.
8.2.10. Meso Scale Diagnostics, LLC.
9. Conclusion and Future Outlook10. Appendix
List of Tables
Table 1: Global Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 2: Global Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 3: Global Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 4: North America Synthetic Biology Market Value by Country, 2022-2031 (USD Million)
Table 5: United States Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 6: United States Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 7: United States Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 8: Canada Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 9: Canada Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 10: Canada Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 11: Mexico Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 12: Mexico Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 13: Mexico Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 14: Europe Synthetic Biology Market Value by Country, 2022-2031 (USD Million)
Table 15: Germany Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 16: Germany Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 17: Germany Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 18: United Kingdom Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 19: United Kingdom Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 20: United Kingdom Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 21: France Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 22: France Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 23: France Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 24: Italy Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 25: Italy Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 26: Italy Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 27: Spain Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 28: Spain Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 29: Spain Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 30: Russia Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 31: Russia Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 32: Russia Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 33: Rest of Europe Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 34: Rest of Europe Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 35: Rest of Europe Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 36: Asia Pacific Synthetic Biology Market Value by Country, 2022-2031 (USD Million)
Table 37: China Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 38: China Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 39: China Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 40: Japan Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 41: Japan Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 42: Japan Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 43: India Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 44: India Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 45: India Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 46: Australia Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 47: Australia Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 48: Australia Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 49: South Korea Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 50: South Korea Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 51: South Korea Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 52: ASEAN Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 53: ASEAN Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 54: ASEAN Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 55: Rest of Asia-Pacific Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 56: Rest of Asia-Pacific Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 57: Rest of Asia-Pacific Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 58: MEA Synthetic Biology Market Value by Country, 2022-2031 (USD Million)
Table 59: Turkey Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 60: Turkey Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 61: Turkey Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 62: Saudi Arabia Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 63: Saudi Arabia Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 64: Saudi Arabia Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 65: UAE Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 66: UAE Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 67: UAE Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 68: South Africa Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 69: South Africa Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 70: South Africa Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 71: Rest of MEA Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 72: Rest of MEA Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 73: Rest of MEA Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 74: South America Synthetic Biology Market Value by Country, 2022-2031 (USD Million)
Table 75: Brazil Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 76: Brazil Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 77: Brazil Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 78: Argentina Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 79: Argentina Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 80: Argentina Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 81: Rest of South America Synthetic Biology Market Value by Product, 2022-2031 (USD Million)
Table 82: Rest of South America Synthetic Biology Market Value by Application, 2022-2031 (USD Million)
Table 83: Rest of South America Synthetic Biology Market Value by End-User, 2022-2031 (USD Million)
Table 84: Company Regional Footprint
Table 85: Company Industry Footprint
List of Figures
Figure 1: Global Synthetic Biology Market Segments
Figure 2: Research Timelines
Figure 3: Data Triangulation Method
Figure 4: Market Research Flow
Figure 5: Data Sources
Figure 6: Executive Summary
Figure 7: Global Synthetic Biology Market Estimates And Forecast (USD Million), 2022-2031
Figure 8: Global Synthetic Biology Market Absolute Market Opportunity
Figure 9: Global Synthetic Biology Market Attractiveness Analysis, By Region
Figure 10: Global Synthetic Biology Market Attractiveness Analysis, By Product
Figure 11: Global Synthetic Biology Market Attractiveness Analysis, By Application
Figure 12: Global Synthetic Biology Market Attractiveness Analysis, By End-User
Figure 13: Global Synthetic Biology Market Geographical Analysis, 2024-2031
Figure 14: Global Synthetic Biology Market, By Product (USD Million)
Figure 15: Global Synthetic Biology Market, By Application (USD Million)
Figure 16: Global Synthetic Biology Market, By End-User (USD Million)
Figure 17: Future Market Opportunities
Figure 18: Global Synthetic Biology Market Outlook
Figure 19: Porter’S Five Forces Analysis
Figure 20: Global Synthetic Biology Market, By Product
Figure 21: Global Synthetic Biology Market Basis Point Share (BPS) Analysis, By Product
Figure 22: Global Synthetic Biology Market, By Application
Figure 23: Global Synthetic Biology Market Basis Point Share (BPS) Analysis, By Application
Figure 24: Global Synthetic Biology Market, By End-User
Figure 25: Global Synthetic Biology Market Basis Point Share (BPS) Analysis, By End-User
Figure 26: Global Synthetic Biology Market, By Geography, 2022-2031 (USD Million)
Figure 27: North America Market Snapshot
Figure 28: U.S. Market Snapshot
Figure 29: Canada Market Snapshot
Figure 30: Mexico Market Snapshot
Figure 31: Europe Market Snapshot
Figure 32: Germany Market Snapshot
Figure 33: UK Market Snapshot
Figure 34: France Market Snapshot
Figure 35: Italy Market Snapshot
Figure 36: Russia Market Snapshot
Figure 37: Spain Market Snapshot
Figure 38: Rest Of Europe Market Snapshot
Figure 39: Asia-Pacific Market Snapshot
Figure 40: China Market Snapshot
Figure 41: India Market Snapshot
Figure 42: Japan Market Snapshot
Figure 43: Australia Market Snapshot
Figure 44: South Korea Market Snapshot
Figure 45: ASEAN Market Snapshot
Figure 46: Rest Of Asia-Pacific Market Snapshot
Figure 47: MEA Market Snapshot
Figure 48: Turkey Market Snapshot
Figure 49: UAE Market Snapshot
Figure 50: Saudi Arabia Market Snapshot
Figure 51: South Africa Market Snapshot
Figure 52: Rest Of MEA Market Snapshot
Figure 53: South America Market Snapshot
Figure 54: Brazil Market Snapshot
Figure 55: Argentina Market Snapshot
Figure 56: Rest Of South America Market Snapshot
Figure 57: Company Market Ranking Analysis
Figure 58: Ace Matrix
Figure 59: Luminex Corporation - Company Insights
Figure 60: Luminex Corporation - Segment Breakdown
Figure 61: Luminex Corporation - SWOT Analysis
Figure 62: Thermo Fisher Scientific Inc. - Company Insights
Figure 63: Thermo Fisher Scientific Inc. - Segment Breakdown
Figure 64: Thermo Fisher Scientific Inc. - SWOT Analysis
Figure 65: Bio-Rad Laboratories, Inc. - Company Insights
Figure 66: Bio-Rad Laboratories, Inc. - Segment Breakdown
Figure 67: Bio-Rad Laboratories, Inc. - SWOT Analysis
Figure 68: Merck KGaA - Company Insights
Figure 69: Merck KGaA - Segment Breakdown
Figure 70: Merck KGaA - SWOT Analysis
Figure 71: Becton, Dickinson and Company - Company Insights
Figure 72: Becton, Dickinson and Company - Segment Breakdown
Figure 73: Becton, Dickinson and Company - SWOT Analysis
Figure 74: QIAGEN N.V. - Company Insights
Figure 75: QIAGEN N.V. - Segment Breakdown
Figure 76: QIAGEN N.V. - SWOT Analysis
Figure 77: Seegene Inc. - Company Insights
Figure 78: Seegene Inc. - Segment Breakdown
Figure 79: Seegene Inc. - SWOT Analysis
Figure 80: Abcam plc - Company Insights
Figure 81: Abcam plc - Segment Breakdown
Figure 82: Abcam plc - SWOT Analysis
Figure 83: Illumina, Inc. - Company Insights
Figure 84: Illumina, Inc. - Segment Breakdown
Figure 85: Illumina, Inc. - SWOT Analysis

Companies Mentioned

  • Luminex Corporation
  • Thermo Fisher Scientific Inc.
  • Bio-Rad Laboratories Inc.
  • Merck KGaA
  • Becton, Dickinson and Company
  • QIAGEN N.V.
  • Seegene Inc.
  • Abcam plc
  • Illumina Inc.
  • Meso Scale Diagnostics LLC