The global synthetic biology market was valued at USD 3.02 Billion in 2016 and is expected to grow at a CAGR of 19.9% during the forecast period to reach to USD 8.84 Billion by 2022. The base year considered for the study is 2016 and the forecast for the market size is provided for the period between 2017 and 2022.
Objectives of the Study
To define, describe, and forecast the global market by tools, technologies, applications, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
To profile key players and comprehensively analyze their core competencies in terms of key market developments, product portfolios, and financials
To track and analyze competitive developments such as collaborations, partnerships, and agreements; expansions; product launches; acquisitions; and other developments in the synthetic biology market
Research Methodology
Top-down and bottom-up approaches were used to validate the size of the synthetic biology market and estimate the size of other dependent submarkets. Various secondary sources such as Centre for Synthetic Biology and Innovation (CSynBI), Institute of Systems and Synthetic Biology, University of California San Francisco (UCSF) Center for Systems & Synthetic Biology, Synthetic Biology Leadership Council (SBLC), Synthetic Biology Advisory Committee, Synthetic Biology Engineering Research Center (SynBERC), Industry Association of Synthetic Biology (IASB), European association of synthetic biology, Society for Biological Engineering (SBE), Systems and Synthetic Biology Journal, Biological Sciences Research Council, expert interviews, and MarketsandMarkets Analysishave been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.
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The major players in the global synthetic biology market are Thermo Fisher (US), Novozymes (Denmark), Merck KGaA (Germany), Intrexon (US), and Agilent Technologies (US).
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