Read us | Listen to us | Watch us | Join Live Events | Turn Off Ads | Live |

Click on your language to translate this article:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

Prolific Advancements in Biotechnology to Drive Global Synthetic Biology Market Trends Over 2019-2025

Wire India
wirerelease

Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:Burgeoning demand from various sectors will impel synthetic biology market share over the forecast spell. Prominent among these are the healthcare, energy, industrial chemicals and agriculture industries.

Major players in the industry are implementing several R&D activities across technology, science and engineering domains to modify living organisms by altering biological and genetic systems. This, along with favorable regulatory initiatives for biotechnology development will present lucrative avenues for synthetic biology industry growth.

Rising concern regarding food safety across the globe, due to surging populations has led to an increase in waste during storage. Additionally, import & export, manufacturing processes alongside shifting climate conditions and environmental distress will propel industry development in the years ahead.

Get More Insight of This Premium Research Report, Request for Sample at: https://www.gminsights.com/request-sample/detail/3385

With respect to the product spectrum, the core products segment is poised to depict growth at a commendable rate of 25% though 2025. This is attributable largely to broad application potential in synthetic genes, organisms and DNA components across the pharmaceutical product manufacturing and diagnostics sectors.

Technological evolution and lower DNA synthesis costs will assert a positive influence on synthetic biology market dynamics in coming years. Furthermore, proliferating demand for sophisticated medication and vaccines in tandem with robust application potential in bioremediation will bolster industry outlook.

Synthetic biology market from the microfluidics technology segment accounted for over 20% of the overall industry share in 2018. This is due to the growing use of the technology across clinical research and pharmaceutical facilities, given its strong potential in cancer treatment. Industry expansion is driven also by escalating demand for high-speed and accurate diagnostics as well as the shifting preferences towards customized medication for the treatment of various diseases.

Synthetic biology market from the agriculture application segment is anticipated to register appreciable growth at a CAGR of 24% through 2025. This is owing to numerous factors including minimal use of chemical fertilizers in crop production and yields with enhanced nutritional values and longer shelf lives.

Increasing food demand, stemming from population growth alongside propitious government mandates are necessitating the development of genetically modified transgenic crops, which will in turn spur synthetic biology market growth over the estimated timeframe.

The technology is being widely adopted in the agricultural domain, due to the growing necessity to enhance crop yields in contaminated and limited arable land.

On the regional front, Europe synthetic biology market size is anticipated to record revenue more than $18 billion by 2025. Major climate changes and rising pollution levels are encouraging higher adoption of synthetic biology in agriculture.

Persistent R&D efforts in the region, pertaining to clinical research and strong pharmaceutical presence will boost industry share in the foreseeable future. Rising public awareness, prevalence of chronic illnesses and the subsequent surge in demand for bio-based products will further drive synthetic biology market outlook over the projected timeline.

Advancements in the synthetic biology business landscape are characterized by consistent R&D efforts and investments by key industry players. These include Evolva, Blue Heron, Thermo Fischer Scientific, GenScript, Integrated DNA Technologies, Novozymes, DSM, Amyrus and Editas Medicine, among many others.

Strategic maneuvers like collaborations and extensive research initiatives to expand product portfolios will facilitate synthetic biology market expansion in the years to come.

Contact us:

Global Market Insights, Inc.
Phone: 1-302-846-7766 
Toll Free: 1-888-689-0688
Email: [email protected]
Explore Our Blog: http://l2food.com/ 
Website: https://www.gminsights.com/

Get More Reports From Other Reputed Sources:

1. Edible Insects Market will register phenomenal growth of 43.5% to beat $710 mn by 2024: Global Market Insights, Inc. | Growing consumer awareness pertaining to various health concerns and shift in trends in consuming protein rich foods, should drive edible insects market size.

2. Beta Glucan Market value to cross $815 million by 2026, Says Global Market Insights, Inc. | Beta Glucan Industry revenue is poised to register over 9% CAGR from 2020 to 2026, owing to rapid shift in adopting high quality and natural ingredients.

This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].