Synthetic Biology Market: By Technology (Enabled Products(Pharmaceuticals, Chemicals, Biofuels), Enabling Products(DNA Synthesis, Oligonucleotide Synthesis), By Products (Synthetic DNA, XNA, Chassis Organism)), By Application (Chemicals, Pharmaceuticals, Biopharmaceuticals, Agriculture, Others), and By Geography

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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.

Synthetic Biology Market Key Developments:
  • For instance, in March 2015, Synpromics Limited, collaborated with iniQure N.V. to develop synthetic promoters with a specific application in the delivery of gene medicines to the liver.
  • In January 2017, Ginkgo Bioworks, a microorganism company acquired a provider of synthetic DNA Gen9. By this acquisition, company seeks to improve its speed and capacity in constructing new organism design for use across the multiple industries

Synthetic Biology Market Summary

Study Period

2023-29

Base Year

2022

CAGR

26%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Synthetic Biology Market Dynamics

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.

Key Features of the Reports

  • The synthetic biology market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Synthetic Biology Market Segmentation

By Technology
  • Enabled Products
  • Enabling Products
By Products
  • Synthetic DNA
  • XNA
  • Chassis Organism
By Application
  • Chemicals
  • Pharmaceuticals
  • Biopharmaceuticals
  • Agriculture
  • Others
LOCATION

Geography

Frequently Asked Questions

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

 

  • Agilent Technologies (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • GEN9 Inc. (U.S.)
  • Novozymes
  • Amyris Biotechnologies (U.S.)
  • Merck KGaA (Germany)
  • Epoch Life Science Inc. (U.S.)
  • Intrexon Corporation (U.S.)
  • Gevo Inc. (U.S.)
  • Gingko Bioworks (U.S)
  • Twist Bioscience
  • GenScript
  • Integrated DNA Technologies, Inc.
  • Synthetic Genomics Inc.
  • New England Biolabs
  • Sangamo Therapeutics, Inc. (U.S.)