Synthetic Biology Market: CSIPRO Platform Awards $13 Million to Boost Australian Synthetic Research

Synthetic Biology

Synthetic Biology Market Viewed As Key To Provide Affordable Medicine to Poor Countries

The Synthetic Biology Market deals with the development of a discipline with deals with the bringing together of research insights and processes from varied fields like computer science, biology and engineering. In other words, synthetic biology tinkers with DNA in an effort to advance new applications for synthetic genetics.

The major synthetic biology companies basically have two goals in mind: create new life forms with the help of artificial DNA synthesis, and make the most of synthetic biotechnology is such a way that substances which are usually tough to obtain (like medicine or fuel) can be produced easily. At its core, the Synthetic Biology Market revolves around the assembly or organization of genetic information. Synthetic research involves biologists copy-pasting DNA from one place to another, identifying specific patterns, and then rearranging them into new patterns. Synthetic biology can, effectively, reprogram the cells, and in turn life, to function effectively or even differently!

Scope & Regional Forecast of the Synthetic Biology Market

The scope and potential of the Synthetic Biology Market has attracted several different players and triggered unexpected factors. Synthetic biology companies have begun to receive assistance, aid and tax breaks from governments as well as private organizations to boost R&D efforts. The growing area of synthetic research as well as the falling prices of conducting a DNA sequencing are also gradually affecting the market for synthetic genetics in a very positive manner.

Currently, the biggest player in the Synthetic Biology Market is Europe, which is trailed by North America. Europe is predicted to retain its dominant share till the end of forecast period due to the presence of several start-ups and the strong support provided by European government. Asia-Pacific is rapidly turning into a hotbed for future advances in R&D.

Segmentations & Key Players Involved in the Synthetic Biology Market

According to IndustryARC findings, the Synthetic Biology Market can be broken down into various segmentations on the basis of –

  • Tool: Xeno-Nucleic Acids (Xnas), Chassis Organisms, Oligonucleotides, Cloning Technology Kits and Enzymes.

  • Technology: DNA Synthesis, DNA sequencing, Computational Modelling, Bioinformatics Technologies, Microfluidics Technologies, Nanotechnology, Pathway Engineering and Other.

  • Application: Environmental Application (Bioremediation, Whole-Cell Biosensors), Medical Applications (Drug Discovery and Therapeutics, Pharmaceuticals, Artificial Tissue and Tissue Regeneration) and Industrial Applications (Biofuel and Renewable Energy, Industrial Enzyme, Biomaterials & Green Chemicals).

  • Geography: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Synthetic Biology Market according to IndustryARC are as follows:

  • OriGene Technologies, Inc (U.S.)

  • Green Biologics Limited (U.K.)

  • Evolva (Switzerland)

  • Integrated DNA Technologies, Inc. (U.S.)

  • Thermo Fisher Scientific, Inc. (U.S.)

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