Sellbyville, DE -- (SBWIRE) -- 06/21/2019 -- Rising demand for enzyme-based kits and solutions required for gene manipulation will boost the synthetic biology market growth. Increase in applications of genome editing technology for improving farming practices will positively influence the product penetration over the forecast timeframe. With the applications of synthetic biology techniques, farmers can increase their crop yield by substantial amount due to advantages in terms of nitrogen fixation, better resistance to pests, and improved photosynthesis performance provided by technology.

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Favorable governments policies and guidelines for the promotion of the technology coupled with rising investment by private organizations and research institutes will fuel overall industry growth. For instance, synthetic biology has been recognized as one of the eight prominent technologies of the future by the UK government and supported a robust investment of around USD 330 million over from 2008-2016.
Synthetic Biology Market size is estimated to exceed USD 55 billion by 2025; according to a new research report by Global Market Insights, Inc.
Browse key industry insights spread across 250 pages with 170 market data tables & 15 charts & figures from the report, "Synthetic Biology Market Size By Product (Core Products, Enabling Products, Enabled Products), By Technology (Nucleotide Synthesis And Sequencing, Bioinformatics, Microfluidics, Genetic Engineering), By Application (Pharmaceuticals And Diagnostics, Chemicals, R&D, Agriculture, Energy), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, Switzerland, France, Italy, Spain, Russia, Sweden, China, India, South Korea, Australia, Malaysia, Taiwan, Indonesia, Singapore, Brazil, Mexico, Argentina, Chile, Saudi Arabia, UAE, South Africa, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/synthetic-biology-market

Core products is anticipated to witness a CAGR of over 25% from 2019 to 2025. Advancements in the technology such as microchip-based gene synthesis and sequencing will augment the product demand in numerous end-use applications. Moreover, factors such as higher investments required in producing genetically modified plants and favorable government policies towards the use of natural biological systems will augment the product demand.
Synthetic biology market research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD Million from 2013 to 2025, for the following segments:
Synthetic Biology Market, By Product
- Core Products
- Enabling Products
- Enabled Products
- Synthetic Biology Market, By Technology
Nucleotide Synthesis and Sequencing
- Bioinformatics
- Microfluidics
- Genetic Engineering
- Synthetic Biology Market, By Application
Pharmaceuticals and Diagnostics
- Chemicals
- R&D
- Agriculture
- Energy
Nucleotide synthesis and sequencing accounted for more than 45% of the market share in 2018. Growing application of the technology in molecular diagnosis of inherited disorders have enhanced the scope of the product. Moreover, development of new sets of protecting amino groups, better coupling reagents, and high-throughput synthesizers has revolutionized the nucleotide synthesis and sequencing process for therapeutic and diagnostic applications.
Pharmaceuticals and diagnostic application accounted for more than 75% of market share in 2018. Factors such as integration of custom engineering methods coupled with technological advancement in genetic engineering methods have enabled the development of pharmaceutical drugs with reliable results and high accuracy. Synthetic biology offers a potential platform for the discovery of future medicines, where genetically engineered cells can fight diseases such as cancer and diabetes. Rising prevalence of diabetes and obesity among adults and young populace will propel the product demand. For instance, as per International diabetes federation, 45.9 million adults aged between 20-29 years were living with diabetes in North America in the year 2017.
Europe synthetic biology market will witness over 25% CAGR from 2019 to 2025. Presence of major academic institutions, private companies and strength in biotechnology research, are among the key reasons for high growth across the region. Huge investments and government funding will contribute significantly towards the regional growth. For instance, EraSynbio project funded by EU has led out a strategic plan to encourage the development of coordinated and coherent European policy framework. Increase in innovations carried out in the field of synthetic biology such as the development of toolkit of novel proteins, that can be used as synthetic building blocks for biomaterials has proliferated market growth in this region.

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Amyris, GenScript, DNA2.0, Evolva, DSM, Integrated DNA technologies, Twist biosciences, Editas Medicine, Inc., Pareto Biotechnologies, Blue heron, TeselaGenSyntrox Inc, and Thermo Fischer Scientific are among the major companies involved in synthetic biology technology. Due to the presence of dominating players in the market, industry share is highly competitive in nature. Collaborations, mergers & acquisitions, and product enhancements are among the key strategies adopted by major market players for enhancing their global market share. For instance, in July 2017, DSM announced to partner with Amyris Inc, a synthetic biology company for the development of food and nutrition molecule technology. This intuitive will help DSM in reducing the cost for products using technology platform of Amyris Inc.