The North America Synthetic Biology Market is expected to grow from US$ 4,313.62 million in 2021 to US$ 15,223.61 million by 2028; it is estimated to grow at a CAGR of 19.7% from 2021 to 2028.
Synthetic Biology: A Rapidly Expanding Market
Synthetic biology is a burgeoning field with wide-ranging applications across industries like chemicals, agriculture, pharmaceuticals, and energy. Numerous startups are driving innovation, offering gene synthesis products and services. Examples include:
- Benchling: CAD tools for biological design.
- GenScript: Gene synthesis services.
- Ginkgo Bioworks: Organism engineering.
- Transcriptis: Bioinformatics solutions for cloud labs and automation.
- Glowee: Consumer products utilizing bioluminescence.
Despite the challenges posed by the COVID-19 pandemic, the bioeconomy experienced significant growth. In the first half of 2020, synthetic biology companies secured over US$3 billion in equity financing, compared to US$1.9 billion during the same period in 2019. This surge highlights the increasing investment and demand for synthetic biology-based technologies, particularly in the biopharmaceutical sector, where it’s being used to improve cell therapies, gene therapies, and early cancer detection.
Segments Covered
North America Synthetic Biology Market By Products
- Enzymes
- Chassis Organisms
- Oligonucleotides
- Xeno-Nucleic Acids
North America Synthetic Biology Market By Technology
- Measurement & Modeling
- Cloning & Sequencing
- Genome Engineering
- Gene Synthesis
- Nanotechnology
North America Synthetic Biology Market By Application
- Medical Applications
- Industrial Applications
- Food and Agriculture
- Environmental Applications
North America Synthetic Biology Market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Synthetic Biology Market leaders and key company profiles
- Agilent Technologies, Inc.
- Amyris
- Codexis
- Genscript Biotech corporation
- Integrated DNA Technologies
- Merck KGaA
- New England Biolabs
- Novozymes A/S
- Thermo Fisher Scientific
- Twist Bioscience
North America Synthetic Biology: Strategic and Regional Insights
To navigate this dynamic market, strategic and regional insights are crucial.
Strategic Insights:
- Data-driven analysis of the North American synthetic biology landscape, including current trends and key players.
- Actionable recommendations to differentiate businesses through identifying untapped market segments and developing unique value propositions.
- Utilization of data analytics to anticipate market shifts and inform strategic decisions for investors, manufacturers, and other stakeholders.
- A future-oriented approach to ensure long-term success in the region.
Regional Insights:
- Understanding the specific geographic scope of the North American synthetic biology market.
- Recognizing local distinctions, such as varying consumer preferences, economic conditions, and regulatory environments, to tailor market strategies.
- Identifying underserved regions and adapting offerings to meet local demands.
- Enabling effective resource allocation, targeted marketing, and improved competitive positioning within specific markets.
- Driving growth through focused regional market penetration.
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
