Synthetic Biology Market Synopsis

Synthetic Biology Market Size is Valued at USD 18.52 Billion in 2023, and is Projected to Reach USD 74.35 Billion by 2032, Growing at a CAGR of 18.97% From 2024-2032.

The broadly defined Synthetic Biology Market includes the fabrication of novel biological parts and systems or the reconfiguration of existing biological systems for diverse uses like medical, industrial, agricultural, and environmental applications. Biology and engineering combined to create this field intended to study and actively control biological processes. Synthetic biology, as one of the recent strategies in biotechnology, is responsible for plenty of breakthroughs in the treatment of diseases, production of medicines and development of new fuels, food, and materials.

• Synthetic Biology Market mainly depends on the developments of various genetic engineering techniques based on DNA editing like CRISPR based Cas9 system. This has opened new areas in the synthetic biology for discovering drugs, gene therapies and biotechnology uses. The increasing importance of sustainable solutions in agriculture, chemicals and energy industries also boost the market, as memories of synthetic biology offer bio-fuels and improved yields crops as a non-Fossil based solutions.
• Still another factor is that governments and private organizations have stepped up their spending on synthetic biology research and development. Venturing programs focusing healthcare, environmental conservation as well as industrial biotechnology is promoting the commercialization of synthetic biology inventions. The appearance of a large number of synthetic biology startups and cooperation between academia and industries have led to faster development of products and the advent of new applications of synthetic biology.

Synthetic Biology Market Trend Analysis

Growing use of bioinformatics and computational biology.

• The market for synthetic biology has one significant trend that is related to bioinformatics and computational biology. These technologies are used for developing, describing and proposing the behavior patterns of synthetic living organisms in order to create perfect biological systems. This trend is assisting to drive down the time and cost associated with experimentation in the synthetic biology applications in drug discovery, agriculture, and protection of the environment.
• Another trend identified in the study of synthetic biology is the application of artificial intelligence AI and machine learning. Automated experimentation of biological systems has become possible due to AI based platforms that may analyze biological data, design genetic circuits and organize experiments. This integration improves accuracy and modularity in synthetic biology studies and the rate of identifying new biomolecules, bio-polymers, and biological systems for use in diverse industries and medicine.

The potential to revolutionize how diseases are treated, with opportunities in personalized gene therapies

• The research also identified a number of potential areas of expansion within the synthetic biology market, including precision medicine. Synthetic biology is an area of biological engineering is promising field with possibilities for the creation of new disease treatments through gene manipulation, the desires for gene tailored therapies, regenerative medicine and creation of new drugs. With the current trend exhibiting specialized approaches towards delivery of cure, synthetic biology provides a system through which one can design unique solutions to certain genetic diseases.
• Moreover, one can also speak about vast opportunities of synthetic biology in environmental applications. With focus on sustainable development and environmental conservation reacting to global consequences such as climate change, synthetic biology has opportunities in pollution and waste management and production of environmentally friendly biodegradable materials. Those companies and researchers engaged in these applications shall be in a position to reap the benefits of present and future raised standards of environmental and sustainable industrial improvements.

Synthetic Biology Market Segment Analysis:

Synthetic Biology Market Segmented on the basis of Product, Technology, application, and end-users.

By Product, Synthetic DNA segment is expected to dominate the market during the forecast period

• The product that defines the synthetic biology market encompasses synthetic DNA and genes, synthetic cells, xeno-nucleic acids (XNA) among others. Synthetic DNA is defined as the sequences of artificially engineered DNA used in experimental or technical applications to advance, duplicate or alter biological processes. Synthetic genes are the replication of genes that have been man-made to suit certain responsibilities in the body, for example to synthesize particular protein or eradicate genetic diseases. Synthetic cells are artificial cell structures which are recombinant of natural cellular structures used in drug delivery and therapeutic systems. Xeno-nucleic acids (XNA) are artificial counterparts of natural nucleic acids, such as DNA and RNA, and provide increased stability and performance in biosystems. Others are other biomolecular tools and constructs created for other industries, medicine, and environmental uses.

By Application, Medical Applications segment held the largest share in 2023

• Medical synthetic biology, biotechnology, industrial and economic synthetic biology, food and agriculture, environmental synthetic biology and others. Medical fields that benefit from synthetic biology include development of drugs for individual patients, treatment for genetic diseases, new drug development and vaccines. The application with regard to industry is involved in manufacturing of chemicals and energy products which are renewable compared to the standard commercial goods. In food and agriculture, synthetic biology promotes durable traits in crops, the efficiency of food production, and contrives bioengineered organisms for better nutrition. Environmental applications are in line with treatment, management, and remodelling of sustainability issues through biotechnological processes. Some other application includes various niche areas of the market segments including bio security, synthetic biology for space.

Synthetic Biology Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• North America has become the largest region in the market of synthetic biology because it already has advanced infrastructure for it and because of the amount of government and private funding for research in this field. The centres of synthetic biology industry giants combined with innovative academic centres for research makes North America take the lead in synthetic biology development. Indeed, favourable policies and drive towards the development of bio-based technologies are other encouraging factors enhancing the growth of the market in this region as well.
• However, North America remains most significant, especially the United States, in the synthetic biology market. It is driven by ongoing improvements in genetic engineering, effective legal protection of intellectual property rights, and a high degree of venture capital capitalization for synthetic biology ventures. These factors have made North America the global center for synthetic biology, which is changing the course in health care, agriculture, and industry.

Active Key Players in the Synthetic Biology Market

• Ginkgo Bioworks (United States)
• Amyris, Inc. (United States)
• Synthetic Genomics Inc. (United States)
• Codexis, Inc. (United States)
• Precigen, Inc. (United States)
• GenScript Biotech Corporation (China)
• Twist Bioscience Corporation (United States)
• Thermo Fisher Scientific (United States)
• Integrated DNA Technologies (United States)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Synthetic Biology Market by Product
 4.1 Synthetic Biology Market Snapshot and Growth Engine
 4.2 Synthetic Biology Market Overview
 4.3 Synthetic DNA
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Synthetic DNA: Geographic Segmentation Analysis
 4.4 Synthetic Genes
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Synthetic Genes: Geographic Segmentation Analysis
 4.5 Synthetic Cells
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Synthetic Cells: Geographic Segmentation Analysis
 4.6 Xeno-nucleic Acids
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Xeno-nucleic Acids: Geographic Segmentation Analysis

Chapter 5: Synthetic Biology Market by Technology
 5.1 Synthetic Biology Market Snapshot and Growth Engine
 5.2 Synthetic Biology Market Overview
 5.3 Gene Synthesis
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Gene Synthesis: Geographic Segmentation Analysis
 5.4 Genome Engineering
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Genome Engineering: Geographic Segmentation Analysis
 5.5 Bioinformatics
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Bioinformatics: Geographic Segmentation Analysis
 5.6 Site-Directed Mutagenesis
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Site-Directed Mutagenesis: Geographic Segmentation Analysis

Chapter 6: Synthetic Biology Market by Application
 6.1 Synthetic Biology Market Snapshot and Growth Engine
 6.2 Synthetic Biology Market Overview
 6.3 Medical Applications
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Medical Applications: Geographic Segmentation Analysis
 6.4 Industrial Applications
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Industrial Applications: Geographic Segmentation Analysis
 6.5 Food & Agriculture
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Food & Agriculture: Geographic Segmentation Analysis
 6.6 Environmental Applications
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Environmental Applications: Geographic Segmentation Analysis

Chapter 7: Synthetic Biology Market by End-User
 7.1 Synthetic Biology Market Snapshot and Growth Engine
 7.2 Synthetic Biology Market Overview
 7.3 Biotechnology & Pharmaceutical Companies
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Biotechnology & Pharmaceutical Companies: Geographic Segmentation Analysis
 7.4 Academic & Research Institutes
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Academic & Research Institutes: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Synthetic Biology Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 GINKGO BIOWORKS (UNITED STATES)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 AMYRIS
 8.4 INC (UNITED STATES)
 8.5 SYNTHETIC GENOMICS INC (UNITED STATES)
 8.6 CODEXIS
 8.7 INC (UNITED STATES)
 8.8 PRECIGEN
 8.9 INC (UNITED STATES)
 8.10 GENSCRIPT BIOTECH CORPORATION (CHINA)
 8.11 TWIST BIOSCIENCE CORPORATION (UNITED STATES)
 8.12 THERMO FISHER SCIENTIFIC (UNITED STATES)
 8.13 INTEGRATED DNA TECHNOLOGIES (UNITED STATES)
 8.14 DNA SCRIPT (FRANCE)
 8.15 OTHER ACTIVE PLAYERS

Chapter 9: Global Synthetic Biology Market By Region
 9.1 Overview
 9.2. North America Synthetic Biology Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Product
  9.2.4.1 Synthetic DNA
  9.2.4.2 Synthetic Genes
  9.2.4.3 Synthetic Cells
  9.2.4.4 Xeno-nucleic Acids
  9.2.5 Historic and Forecasted Market Size By Technology
  9.2.5.1 Gene Synthesis
  9.2.5.2 Genome Engineering
  9.2.5.3 Bioinformatics
  9.2.5.4 Site-Directed Mutagenesis
  9.2.6 Historic and Forecasted Market Size By Application
  9.2.6.1 Medical Applications
  9.2.6.2 Industrial Applications
  9.2.6.3 Food & Agriculture
  9.2.6.4 Environmental Applications
  9.2.7 Historic and Forecasted Market Size By End-User
  9.2.7.1 Biotechnology & Pharmaceutical Companies
  9.2.7.2 Academic & Research Institutes
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
 9.3. Eastern Europe Synthetic Biology Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Product
  9.3.4.1 Synthetic DNA
  9.3.4.2 Synthetic Genes
  9.3.4.3 Synthetic Cells
  9.3.4.4 Xeno-nucleic Acids
  9.3.5 Historic and Forecasted Market Size By Technology
  9.3.5.1 Gene Synthesis
  9.3.5.2 Genome Engineering
  9.3.5.3 Bioinformatics
  9.3.5.4 Site-Directed Mutagenesis
  9.3.6 Historic and Forecasted Market Size By Application
  9.3.6.1 Medical Applications
  9.3.6.2 Industrial Applications
  9.3.6.3 Food & Agriculture
  9.3.6.4 Environmental Applications
  9.3.7 Historic and Forecasted Market Size By End-User
  9.3.7.1 Biotechnology & Pharmaceutical Companies
  9.3.7.2 Academic & Research Institutes
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Bulgaria
  9.3.8.2 The Czech Republic
  9.3.8.3 Hungary
  9.3.8.4 Poland
  9.3.8.5 Romania
  9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Synthetic Biology Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Product
  9.4.4.1 Synthetic DNA
  9.4.4.2 Synthetic Genes
  9.4.4.3 Synthetic Cells
  9.4.4.4 Xeno-nucleic Acids
  9.4.5 Historic and Forecasted Market Size By Technology
  9.4.5.1 Gene Synthesis
  9.4.5.2 Genome Engineering
  9.4.5.3 Bioinformatics
  9.4.5.4 Site-Directed Mutagenesis
  9.4.6 Historic and Forecasted Market Size By Application
  9.4.6.1 Medical Applications
  9.4.6.2 Industrial Applications
  9.4.6.3 Food & Agriculture
  9.4.6.4 Environmental Applications
  9.4.7 Historic and Forecasted Market Size By End-User
  9.4.7.1 Biotechnology & Pharmaceutical Companies
  9.4.7.2 Academic & Research Institutes
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 Netherlands
  9.4.8.5 Italy
  9.4.8.6 Russia
  9.4.8.7 Spain
  9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Synthetic Biology Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Product
  9.5.4.1 Synthetic DNA
  9.5.4.2 Synthetic Genes
  9.5.4.3 Synthetic Cells
  9.5.4.4 Xeno-nucleic Acids
  9.5.5 Historic and Forecasted Market Size By Technology
  9.5.5.1 Gene Synthesis
  9.5.5.2 Genome Engineering
  9.5.5.3 Bioinformatics
  9.5.5.4 Site-Directed Mutagenesis
  9.5.6 Historic and Forecasted Market Size By Application
  9.5.6.1 Medical Applications
  9.5.6.2 Industrial Applications
  9.5.6.3 Food & Agriculture
  9.5.6.4 Environmental Applications
  9.5.7 Historic and Forecasted Market Size By End-User
  9.5.7.1 Biotechnology & Pharmaceutical Companies
  9.5.7.2 Academic & Research Institutes
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Synthetic Biology Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Product
  9.6.4.1 Synthetic DNA
  9.6.4.2 Synthetic Genes
  9.6.4.3 Synthetic Cells
  9.6.4.4 Xeno-nucleic Acids
  9.6.5 Historic and Forecasted Market Size By Technology
  9.6.5.1 Gene Synthesis
  9.6.5.2 Genome Engineering
  9.6.5.3 Bioinformatics
  9.6.5.4 Site-Directed Mutagenesis
  9.6.6 Historic and Forecasted Market Size By Application
  9.6.6.1 Medical Applications
  9.6.6.2 Industrial Applications
  9.6.6.3 Food & Agriculture
  9.6.6.4 Environmental Applications
  9.6.7 Historic and Forecasted Market Size By End-User
  9.6.7.1 Biotechnology & Pharmaceutical Companies
  9.6.7.2 Academic & Research Institutes
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkey
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
 9.7. South America Synthetic Biology Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Product
  9.7.4.1 Synthetic DNA
  9.7.4.2 Synthetic Genes
  9.7.4.3 Synthetic Cells
  9.7.4.4 Xeno-nucleic Acids
  9.7.5 Historic and Forecasted Market Size By Technology
  9.7.5.1 Gene Synthesis
  9.7.5.2 Genome Engineering
  9.7.5.3 Bioinformatics
  9.7.5.4 Site-Directed Mutagenesis
  9.7.6 Historic and Forecasted Market Size By Application
  9.7.6.1 Medical Applications
  9.7.6.2 Industrial Applications
  9.7.6.3 Food & Agriculture
  9.7.6.4 Environmental Applications
  9.7.7 Historic and Forecasted Market Size By End-User
  9.7.7.1 Biotechnology & Pharmaceutical Companies
  9.7.7.2 Academic & Research Institutes
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research