Global synthetic biology market was valued at $5,245.7 million in 2015, registering a CAGR of 15.5% during the forecast period 2015 - 2022. Synthetic biology is a novel area of research that is the amalgamation of multiple disciplines such as molecular biology, biotechnology, biophysics and genetic engineering among others.

Portland, OR -- (SBWire) -- 02/26/2018 --There are chiefly two approaches used in synthetic biology namely, top down approach and bottom up approach. Top-down approach involves the re-design and fabrication of existing biological systems for producing synthetic products. Bottom-up approach involves designing and construction of de novo biological systems or devices that do not exist in nature. An impending need to understand the functioning of genetic elements, cells and biological processes has led to the emergence of synthetic biology industry. Products developed in this new biological system are used across many industries, including pharmaceutical & diagnostics, energy, bioplastics and environment.

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Based on geography, the market is segmented across North America, Europe, Asia-Pacific and LAMEA regions. In 2015, Europe was the leading geography in terms of revenue generation followed by North America. Further, Europe would continue to maintain its lead position through 2020 owing to constant support from European government and private organizations, establishment of small start-ups and investment by leading companies especially in the biofuel segment. Asia Pacific is projected as the fastest growing market owing to increasing number of research entities.

Synthetic Biology Market Key Benefits:

This report provides an extensive analysis of the current and emerging market trends and a comprehensive overview of dynamics in the global synthetic biology market.
The report provides a detailed analysis of the current market and estimations during 2014?2020, which would enable the stakeholders to capitalize on the prevailing opportunities.
The synthetic biology market scenario has been comprehensively analyzed in accordance to key geographical regions.

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Synthetic Biology Market Key Segments:

The global Synthetic Biology market is segmented as:

By Products

Synthetic DNA
Synthetic oligos
Synthetic genes
Software tools
Chassis organisms
Synthetic clones
Synthetic cells

By Technology

Nucleotide synthesis and sequencing
Bioinformatics
Microfluidics
Genetic engineering