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.
North America synthetic biology market is an emerging field with wide-ranging applications across industries such as chemicals, agriculture, pharmaceuticals, and energy. Numerous start-ups are contributing to this space by offering gene synthesis products and services. For instance, Benchling provides computer-aided design (CAD) tools, GenScript specializes in gene synthesis, Ginkgo Bioworks focuses on organism engineering, Transcriptic (a bioinformatics firm) offers automation and cloud lab solutions, and Glowee develops consumer products using synthetic biology.
Despite the challenges posed by the COVID-19 pandemic, the bioeconomy experienced significant momentum in early 2020. In the first half of that year, 56 synthetic biology companies secured over US$ 3 billion in equity financing—up from 65 companies raising US$ 1.9 billion during the same period in 2019. This surge in investment reflects a growing interest in using synthetic biology to advance areas such as gene therapy, cell treatment, and early cancer detection.
As companies continue to invest in innovative synthetic biology techniques, market demand is rising accordingly. The introduction of advanced features and technologies enables vendors to attract new customers and expand their presence in emerging markets. These developments are expected to significantly drive the growth of the synthetic biology market in North America, which is projected to register a strong compound annual growth rate (CAGR) over the forecast period.
North America Synthetic Biology Market Segmentation Analysis
The North America synthetic biology market is segmented by product, technology, application, and country to provide a comprehensive industry outlook.
North America synthetic biology market By Product:
- Enzymes
- Chassis Organisms
- Oligonucleotides (Dominating segment in 2020; expected to be the fastest-growing)
- Xeno-Nucleic Acids
North America synthetic biology market By Technology:
- Measurement & Modeling
- Cloning & Sequencing
- Genome Engineering (Projected to be the fastest-growing segment)
- Gene Synthesis (Leading segment in 2020)
- Nanotechnology
- Others
North America synthetic biology market By Application:
- Medical Applications (Dominating segment in 2020; anticipated to grow at the highest rate)
- Industrial Applications
- Food & Agriculture
- Environmental Applications
- Others
North America synthetic biology market By Country:
- United States
- Canada
- Mexico
North America synthetic biology market Key Players
Prominent companies driving the North America synthetic biology market include:
- Agilent Technologies, Inc.
- Amyris
- Codexis
- GenScript Biotech Corporation
- Integrated DNA Technologies
- Merck KGaA
- New England Biolabs
- Novozymes A/S
- Thermo Fisher Scientific
- Twist Bioscience
This segmentation highlights the market’s structure, growth trends, and key industry players shaping the synthetic biology landscape in North America.
North America synthetic biology market Strategic Insights
Strategic insights for the North America Synthetic Biology provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America synthetic biology market Regional Insights
The geographic scope of the North America Synthetic Biology refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
