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(India.CityRegions.Com, April 02, 2019 ) The market for synthetic biology is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Global synthetic biology market is driven by extensive use of enzymes kits and other gene synthesis products in research institutes and academics. Additionally, rising demand for enzyme based kits and solutions required for gene manipulation and rising awareness about genetic engineering among the healthcare professionals in developed nations also accelerate the market growth. However, competition among existing market players may restrain the growth of the market.
According to a new market research study titled Synthetic Biology Market to 2025 Global Analysis and Forecasts by Product, Technology and Application, the global synthetic biology market was valued at US$ 8,244.8 Mn in 2017 and is estimated to reach US$ 56,044.9 Mn by 2025. The report highlights the trends prevalent in the global synthetic biology market and the factors driving the market along with those that act as deterrents to its growth.
Request a sample of this premium report @ http://bit.ly/2VdBfBJ
Asia Pacific is expected to be the fastest growing market due to increasing number of start-ups. For instance, in India government has funded IITM Bioincubator, department of Indian Institute of Technology Madras to start a state-of-the-art research facility in Cancer Biology and for setting up of a Bioinformatics Infrastructure Facility. The funds were provided by agencies such as, CSIR, DAE, DBT, and DST among others. The institute raised USD 649 million (INR 55 Crore) in fiscal year 2016-2017. Similarly, in China, Chinaccelerator is a financer that provides mentorship programs by helping start-ups.
The major players operating in the market of synthetic biology market include ThermoFisher Scientific Inc., Merck KGaA, Novozymes, Agilent Technologies, Amyris, GenScript, Integrated DNA Technologies, Inc., Twist Bioscience, New England Biolabs, Synthetic Genomics Inc. and others. These players focus on developing new products in order to increase their offerings in the market.
Global Synthetic Biology Market By Product Enzymes Oligonucleotides Chassis Organisms Xeno-Nucleic Acids
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Global Synthetic Biology Market By Technology Gene Synthesis Genome Engineering Measurement & Modelling Cloning & Sequencing Nanotechnology Others
Global Synthetic Biology Market By Application Industrial Applications Food & Agriculture Medical Applications Environmental Applications Others
Global Synthetic Biology Market By Geography North America U.S. Canada Mexico Europe UK Germany France Asia Pacific (APAC) Japan China India Middle East & Africa (MEA) South Africa UAE South & Central America (SCAM) Brazil
Direct Purchase a Copy of this study at http://bit.ly/2VdudNt
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com
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