Synthetic Biology Market Wide-Scale Applications Stimulate Growth of Global Market
Deerfield Beach, FL -- (SBWIRE) -- 01/23/2017 -- Synthetic biology deals with the design and construction of new biological entities. It is an interdependent combination of biology and engineering for the construction of artificial biological system. It involves the synthesis of complex, biologically based systems which display functions that do not exist in nature. Synthetic biology starts with the advances in molecular, cell, and systems biology and follow to transform biology in the way that synthesis transformed chemistry and integrated circuit design transformed computing.
The synthetic biology market is mainly driven by the growing demand for improved drugs and vaccines. Advancement in molecular biology is another key factor to drive the synthetic biology market. Synthetic biotechnology widely used in different application areas such as healthcare, chemicals, agriculture etc. This has fueled the growth of global synthetic biology market. However, some issues like bio-safety and bio-security of synthetic biology is expected to hamper growth of synthetic biology industry.
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The global synthetic biology market is segmented on the basis of product, technology, application and region. Based on different products, market is segmented as core and enabling products. The core product segment futher segmented into synthetic DNA, synthetic genes, synthetic cells, XNA (xeno nucleic acid) and chassis organisms. And the enabling product segment further classified into DNA synthesis and oligonucleotide synthesis. Furthermore, technology of the synthetic biology market can be segmented as genome engineering, DNA sequencing, bioinformatics and biological components & integrated systems.
The report provides a comprehensive view on the synthetic biology market we have included a detailed company market share analysis, product portfolio of the major industry participants. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the synthetic biology market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
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Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2020 in terms of revenue (USD Million). Healthcare, chemicals, agriculture and other applications such as biosecurity, R&D, energy environment etc. are the application segments of synthetic biology market from which healthcare application segment holds highest market share in terms of revenue.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Synthetic biology market was dominated by Europe in 2014 and is expected have consistent growth in coming years. Europe is followed by North America.
Some of the key players for global synthetic biology market includes DuPont, Inc., Agrivida, Inc., GeneWorks Pty Ltd., Biosearch Technologies, Inc., Evolva SA, Exxon Mobil Corporation, Green Biologics Limited, REG Life Sciences, LLC and Royal DSM.
This report segments the global synthetic biology market as follows:
Global Synthetic Biology Market: Product Segment Analysis
XNA (Xeno Nucleic Acid)
Global Synthetic Biology Market: Technology Segment Analysis
Biological Components and Integrated Systems
Global Synthetic Biology Market: Application Segment Analysis
Chemicals (Including Bio-Fuels)
Others (Biosecurity, R&D, Energy and Environment)
Global Synthetic Biology Market: Regional Segment Analysis
Middle East & Africa
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