Synthetic Biology Market: By Technology, Enabling Products, By Products ), By Application, and Region Forecast 2019-2030

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Synthetic Biology Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (Enabled Products (Pharmaceuticals, Chemicals, Biofuels), Enabling Products(DNA Synthesis, Oligonucleotide Synthesis), By Products (Synthetic DNA, XNA, Chassis Organism)), By Application (Chemicals, Pharmaceuticals, Biopharmaceuticals, Agriculture, Others), and Region Forecast 2019-2030

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Synthetic Biology Market size was valued at US$ 9.4 billion in 2023 and is expected to reach US$ 47.4 billion by 2030, at a CAGR of 26% from 2024-2030. Synthetic biology is a new interdisciplinary area of the medical field that involves the application of engineering principles in biology. Synthetic biology combines various disciplines within both domains such as genetic engineering, biotechnology, molecular engineering biophysics, computer engineering, electrical engineering and other various branches for the development of artificial biological systems for research engineering and medical applications.

The design and building of new biological parts, equipment, and systems, as well as the re-design of existing, natural biological systems for practical purposes, are all examples of synthetic biology. Furthermore, it has various applications in industrial enzymes, vaccines and antibody production, bio-based chemicals as well as synthetic biological life science research. Synthetic biology is an evolutionary segment of medical technology and market is in the developing stage. Market players and researchers are actively participating in R&D activities to develop and introduce the revolutionary technologies. Furthermore, government funding and support for the research fuelling the market growth. Pharmaceutical and biotechnology businesses spend a lot of money on research in order to produce breakthrough compounds that will meet the rising needs of the healthcare industry and fight new ailments. Collaboration and acquisitions are key strategies adopted by the market players to boost their market revenue share in  market.

Synthetic Biology Market Key Developments

  • In March 2015, Synpromics Limited, collaborated with iniQure N.V. to develop synthetic promoters with a specific application in the delivery of gene medicines to the liver.
  • In January 2017, Ginkgo Bioworks, a microorganism company acquired a provider of synthetic DNA Gen9. By this acquisition, company seeks to improve its speed and capacity in constructing new organism design for use across the multiple industries

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Synthetic Biology Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

26%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Synthetic Biology Market Dynamics

Synthetic biology market is driven by the rapid increase in R&D investments in synthetic biology and adaptation of genetically engineered products and DNA sequencing for the treatment and understanding of the diseases progress. In addition, increase in funding from government in life science research and development and advancements in molecular biology expected to boost the synthetic biology during the forecast period. Furthermore, private institutional contribution to synthetic biology research expected to push the market growth. However, lack of regulatory framework, biosafety and biosecurity issues coupled with government policies may hinder the market growth over the forecast period.

Synthetic Biology Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 9.4 billion

Market Size in 2030

US$ 47.4 billion

Market CAGR

26%

By Technology

  • Enabled Products 
  • Enabling Products

By Product Type

  • Synthetic DNA,
  • XNA,
  • Chassis Organism

By Application

  • Chemicals,
  • Pharmaceuticals,
  • Biopharmaceuticals,
  • Agriculture,
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The synthetic biology market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The synthetic biology market size was valued at US$ 9.4 billion in 2023 and is set to reach US$ 47.4 billion by 2030 at a CAGR of 26% from 2024-2030

Asia Pacific is the fastest-growing for market

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Synthetic Biology Market Introduction 
2.1.Global Synthetic Biology Market  - Taxonomy
2.2.Global Synthetic Biology Market  - Definitions
2.2.1.Technique
2.2.2.Preservation
2.2.3.End-User
2.2.4.Region
3.Global Synthetic Biology Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Synthetic Biology Market Analysis, 2019-2023 and Forecast 2024-2030
4.1.  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Synthetic Biology Market  By Technique, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Enabled Products 
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Enabling Products
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Synthetic Biology Market  By Preservation, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. Synthetic DNA,
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. XNA,
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Chassis Organism
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Synthetic Biology Market  By End-User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. Chemicals,
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Pharmaceuticals,
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Biopharmaceuticals,
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Agriculture,
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Synthetic Biology Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Synthetic Biology Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. Technique Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Enabled Products 
9.1.2.Enabling Products
9.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Synthetic DNA,
9.2.2.XNA,
9.2.3.Chassis Organism
9.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Chemicals,
9.3.2.Pharmaceuticals,
9.3.3.Biopharmaceuticals,
9.3.4.Agriculture,
9.3.5.Others
9.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Synthetic Biology Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Enabled Products 
10.1.2.Enabling Products
10.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Synthetic DNA,
10.2.2.XNA,
10.2.3.Chassis Organism
10.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Chemicals,
10.3.2.Pharmaceuticals,
10.3.3.Biopharmaceuticals,
10.3.4.Agriculture,
10.3.5.Others
10.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Synthetic Biology Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Enabled Products 
11.1.2.Enabling Products
11.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Synthetic DNA,
11.2.2.XNA,
11.2.3.Chassis Organism
11.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Chemicals,
11.3.2.Pharmaceuticals,
11.3.3.Biopharmaceuticals,
11.3.4.Agriculture,
11.3.5.Others
11.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Synthetic Biology Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
12.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Enabled Products 
12.1.2.Enabling Products
12.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Synthetic DNA,
12.2.2.XNA,
12.2.3.Chassis Organism
12.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Chemicals,
12.3.2.Pharmaceuticals,
12.3.3.Biopharmaceuticals,
12.3.4.Agriculture,
12.3.5.Others
12.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Synthetic Biology Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
13.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Enabled Products 
13.1.2.Enabling Products
13.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Synthetic DNA,
13.2.2.XNA,
13.2.3.Chassis Organism
13.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Chemicals,
13.3.2.Pharmaceuticals,
13.3.3.Biopharmaceuticals,
13.3.4.Agriculture,
13.3.5.Others
13.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Agilent Technologies (U.S.)
14.2.2.Thermo Fisher Scientific Inc. (U.S.)
14.2.3.GEN9 Inc. (U.S.)
14.2.4.Novozymes
14.2.5.Amyris Biotechnologies (U.S.)
14.2.6.Merck KGaA (Germany)
14.2.7.Epoch Life Science Inc. (U.S.)
14.2.8.Intrexon Corporation (U.S.)
14.2.9.Gevo Inc. (U.S.)
14.2.10.Gingko Bioworks (U.S)
14.2.11.Twist Bioscience
14.2.12.GenScript
14.2.13.Integrated DNA Technologies, Inc.
14.2.14.Synthetic Genomics Inc.
14.2.15.New England Biolabs
14.2.16.Sangamo Therapeutics, Inc. (U.S.)
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Agilent Technologies (U.S.)
  • Thermo Fisher Scientific Inc. (U.S.)
  • GEN9 Inc. (U.S.)
  • Novozymes
  • Amyris Biotechnologies (U.S.)
  • Merck KGaA (Germany)
  • Epoch Life Science Inc. (U.S.)
  • Intrexon Corporation (U.S.)
  • Gevo Inc. (U.S.)
  • Gingko Bioworks (U.S)
  • Twist Bioscience
  • GenScript
  • Integrated DNA Technologies, Inc.
  • Synthetic Genomics Inc.
  • New England Biolabs
  • Sangamo Therapeutics, Inc. (U.S.)

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