- Enabled Products
- Enabling Products
Synthetic Biology Market size was valued at USD 9.4 billion in 2022 and is expected to reach USD 47.4 billion by 2029, at a CAGR of 26% during forecast period 2023-29. Synthetic biology is a new interdisciplinary area of the medical field that involves the application of engineering principles in biology. Synthetic biology combines various disciplines within both domains such as genetic engineering, biotechnology, molecular engineering biophysics, computer engineering, electrical engineering and other various branches for the development of artificial biological systems for research engineering and medical applications. The design and building of new biological parts, equipment, and systems, as well as the re-design of existing, natural biological systems for practical purposes, are all examples of synthetic biology. Furthermore, it has various applications in industrial enzymes, vaccines and antibody production, bio-based chemicals as well as synthetic biological life science research. Synthetic biology is an evolutionary segment of medical technology and market is in the developing stage. Market players and researchers are actively participating in R&D activities to develop and introduce the revolutionary technologies. Furthermore, government funding and support for the research fuelling the market growth. Pharmaceutical and biotechnology businesses spend a lot of money on research in order to produce breakthrough compounds that will meet the rising needs of the healthcare industry and fight new ailments. Collaboration and acquisitions are key strategies adopted by the market players to boost their market revenue share in synthetic biology market.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Synthetic biology market is driven by the rapid increase in R&D investments in synthetic biology and adaptation of genetically engineered products and DNA sequencing for the treatment and understanding of the diseases progress. In addition, increase in funding from government in life science research and development and advancements in molecular biology expected to boost the synthetic biology during the forecast period. Furthermore, private institutional contribution to synthetic biology research expected to push the market growth. However, lack of regulatory framework, biosafety and biosecurity issues coupled with government policies may hinder the synthetic biology market growth over the forecast period.
The Synthetic Biology Market size was valued at USD 9.4 billion in 2022
Asia Pacific is the fastest-growing for synthetic biology market
The synthetic biology market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Synthetic Biology Market Introduction |
2.1. Global Synthetic Biology Market – Taxonomy |
2.2. Global Synthetic Biology Market –Definitions |
2.2.1. Product Type |
2.2.2. Technology |
2.2.3. Application |
2.2.4. Region |
3. Global Synthetic Biology Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Current Trends |
3.5. Global Synthetic Biology Market Dynamic Factors - Impact Analysis |
3.6. Mergers, Acquisitions, and Collaborations |
4. Global Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Synthetic Biology Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Core Products |
5.1.1. Synthetic DNA |
5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Synthetic Genes |
5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.3. Synthetic Cells |
5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.1.4. Chassis organisms |
5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.4.3. Market Opportunity Analysis |
5.1.5. XNO (Xeno Nucleic Acid) |
5.1.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.5.3. Market Opportunity Analysis |
5.2. Core Products |
5.2.1. DNA Synthesis |
5.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.1.3. Market Opportunity Analysis |
5.2.2. Oligonucleotide Synthesis |
5.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.2.3. Market Opportunity Analysis |
6. Global Synthetic Biology Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1. Bioinformatics |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Microfluidics |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Genetic Engineering |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. DNA Sequencing |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Nucleotide Synthesis and Sequencing |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Integrated Systems |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7. Global Synthetic Biology Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1. Pharmaceuticals & Diagnostics |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Chemicals |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Biofuels |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Bioplastics |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Synthetic Biology Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. MEA |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, and Country, 2023 - 2029 |
9. North America Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Core Products |
9.1.1.1. Synthetic DNA |
9.1.1.2. Synthetic Genes |
9.1.1.3. Synthetic Cells |
9.1.1.4. Chassis organisms |
9.1.1.5. XNO (Xeno Nucleic Acid) |
9.1.2. Enabling Products |
9.1.2.1. DNA Synthesis |
9.1.2.2. Oligonucleotide Synthesis |
9.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Bioinformatics |
9.2.2. Microfluidics |
9.2.3. Genetic Engineering |
9.2.4. DNA Sequencing |
9.2.5. Nucleotide Synthesis and Sequencing |
9.2.6. Integrated Systems |
9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.3.1. Pharmaceuticals & Diagnostics |
9.3.2. Chemicals |
9.3.3. Biofuels |
9.3.4. Bioplastics |
9.3.5. Others |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.4.1. United States |
9.4.2. Canada |
9.5. North America Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, 2016-2027 |
9.6. North America Synthetic Biology Market Dynamics – Trends |
10. Europe Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Core Products |
10.1.1.1. Synthetic DNA |
10.1.1.2. Synthetic Genes |
10.1.1.3. Synthetic Cells |
10.1.1.4. Chassis organisms |
10.1.1.5. XNO (Xeno Nucleic Acid) |
10.1.2. Enabling Products |
10.1.2.1. DNA Synthesis |
10.1.2.2. Oligonucleotide Synthesis |
10.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Bioinformatics |
10.2.2. Microfluidics |
10.2.3. Genetic Engineering |
10.2.4. DNA Sequencing |
10.2.5. Nucleotide Synthesis and Sequencing |
10.2.6. Integrated Systems |
10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.3.1. Pharmaceuticals & Diagnostics |
10.3.2. Chemicals |
10.3.3. Biofuels |
10.3.4. Bioplastics |
10.3.5. Others |
10.4. Country Level Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.4.1. UK |
10.4.2. Germany |
10.4.3. France |
10.4.4. Italy |
10.4.5. Spain |
10.4.6. Rest of Europe |
10.5. Europe Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, 2016-2027 |
10.6. Europe Synthetic Biology Market Dynamics – Trends |
11. Asia Pacific Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Core Products |
11.1.1.1. Synthetic DNA |
11.1.1.2. Synthetic Genes |
11.1.1.3. Synthetic Cells |
11.1.1.4. Chassis organisms |
11.1.1.5. XNO (Xeno Nucleic Acid) |
11.1.2. Enabling Products |
11.1.2.1. DNA Synthesis |
11.1.2.2. Oligonucleotide Synthesis |
11.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Bioinformatics |
11.2.2. Microfluidics |
11.2.3. Genetic Engineering |
11.2.4. DNA Sequencing |
11.2.5. Nucleotide Synthesis and Sequencing |
11.2.6. Integrated Systems |
11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.3.1. Pharmaceuticals & Diagnostics |
11.3.2. Chemicals |
11.3.3. Biofuels |
11.3.4. Bioplastics |
11.3.5. Others |
11.4. Country Level Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.4.1. China |
11.4.2. India |
11.4.3. ANZ |
11.4.4. Japan |
11.4.5. Rest of APAC |
11.5. Asia Pacific Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, 2016-2027 |
11.6. Asia Pacific Synthetic Biology Market Dynamics – Trends |
12. MEA Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Core Products |
12.1.1.1. Synthetic DNA |
12.1.1.2. Synthetic Genes |
12.1.1.3. Synthetic Cells |
12.1.1.4. Chassis organisms |
12.1.1.5. XNO (Xeno Nucleic Acid) |
12.1.2. Enabling Products |
12.1.2.1. DNA Synthesis |
12.1.2.2. Oligonucleotide Synthesis |
12.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Bioinformatics |
12.2.2. Microfluidics |
12.2.3. Genetic Engineering |
12.2.4. DNA Sequencing |
12.2.5. Nucleotide Synthesis and Sequencing |
12.2.6. Integrated Systems |
12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.3.1. Pharmaceuticals & Diagnostics |
12.3.2. Chemicals |
12.3.3. Biofuels |
12.3.4. Bioplastics |
12.3.5. Others |
12.4. Country Level Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.4.1. GCC Countries |
12.4.2. South Africa |
12.4.3. Rest of MEA |
12.5. MEA Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, 2016-2027 |
12.6. MEA Synthetic Biology Market Dynamics – Trends |
13. Latin America Synthetic Biology Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Core Products |
13.1.1.1. Synthetic DNA |
13.1.1.2. Synthetic Genes |
13.1.1.3. Synthetic Cells |
13.1.1.4. Chassis organisms |
13.1.1.5. XNO (Xeno Nucleic Acid) |
13.1.2. Enabling Products |
13.1.2.1. DNA Synthesis |
13.1.2.2. Oligonucleotide Synthesis |
13.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Bioinformatics |
13.2.2. Microfluidics |
13.2.3. Genetic Engineering |
13.2.4. DNA Sequencing |
13.2.5. Nucleotide Synthesis and Sequencing |
13.2.6. Integrated Systems |
13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.3.1. Pharmaceuticals & Diagnostics |
13.3.2. Chemicals |
13.3.3. Biofuels |
13.3.4. Bioplastics |
13.3.5. Others |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.4.1. Brazil |
13.4.2. Mexico |
13.4.3. Argentina |
13.4.4. Rest of LA |
13.5. Latin America Synthetic Biology Market - Opportunity Analysis Index, By Product Type, Technology, Application, 2016-2027 |
13.6. Latin America Synthetic Biology Market Dynamics – Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Thermo Fisher Scientific, Inc. |
14.2.2. Genscript |
14.2.3. ProteoGenix |
14.2.4. OriGene Technologies Inc. |
14.2.5. Integrated DNA technologies |
14.2.6. Eurofins Scientific, Inc. |
14.2.7. Pareto Biotechnologies |
14.2.8. Amyris Inc. |
14.2.9. TeselaGen |
14.2.10. Synthetic Genomics Inc. |
15. Research Methodology |
16. Key Assumptions and Acronyms |