Chicago, IL -- (SBWire) -- 02/15/2017 --According to the report, "Synthetic Biology Market, By Product (Core Product and Enabling Product), Application (Chemical, Healthcare, and Agriculture), Technology (Genome Engineering, DNA Sequencing, Bioinformatics and Biological Components, and Integration System), and Geography (North America, Europe, Asia-Pacific And Rest Of World) Report Forecast -2014 to 2022", the market for synthetic biology is set to witness healthy growth during the forecast period.
The synthetic biology market report forecasts the growth and revenue trends for the market on a global scale. The report also offers in-depth analysis of the major players, market share, segmentation and the significant drivers and restraints for the growth of this market.
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According to the synthetic biology market report, the global market is expected to witness tremendous growth during the forecast period. The report attributes this growth to the rising demand for the bio-based chemicals, vaccines, renewable fuels, and expensive drugs. The advancing technologies are also expected to create potential growth opportunities for the smaller as well as the biggest players in the synthetic biology market. The report mentions an impressive rise in demand in the research and development activities by the key market players, which is expected to create potential growth and investment opportunities for them during the forecast period.
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The synthetic biology market report segments this market by the types of products, applications, technologies, and the major geographic regions. The product segment in the market is sub-segmented into enabling products and core products. The major application segments of the market include agriculture, healthcare, and chemical. The technology segments analyzed in the report include integration system, biological components, bioinformatics, genome engineering, and DNA sequencing. The major geographic segments include Asia-Pacific, Europe, North America, and the rest of the world.
The key players included in the synthetic biology market report include Amyris, Inc., DuPont, GenScript USA, Integrated DNA Technologies, Intrexon Corporation, New England Biolabs, Inc., Novozymes, Royal DSM, Synthetic Genomics, Inc., Thermo Fisher Scientific, Inc., and such others. According to the report, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. North America, on the other hand, is expected to dominate the global market based on the revenue and market share.
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Synthetic Biology Market Is Expected to Reach USD 37.21 Billion by 2022, at a CAGR of 27.7%
The synthetic biology market is witnessing tremendous growth as the demand for the renewal fuels, bio-based chemicals, expensive drugs, and vaccines that utilize synthetic biology are increasing at a rapid rate.