Global climatic change is simultaneously
affecting the natural health and considerable transfiguration of DNA of living
organisms including human beings, animals, and plants. This will mark an
immediate need for advanced solutions to mitigate the rising environmental and
health concerns all across the world. According to a recently issued
IndustryARC’s report, the aforementioned factors led the global synthetic
biology market to leverage a profit of $5.73 billion in 2018 and the consumer
demand in the forthcoming years. Additionally,
the global genomics market is flourishing at a rapid pace which leveraged a
market benefit of $16 billion - $16.5 billion in 2018, subsequently promoting
the global synthetic biology market progress. Synthetic biology is benefiting
in a wide range of areas such as medical industry, agricultural industry,
pharmaceuticals, chemical and energy industry, and many others by combining
molecular biology, biophysics, membrane science, biotechnology, genetic
engineering, and many others. As per the analyst’s research, the medical
application of synthetic biology will experience a mounting demand which will
increase at a robust CAGR of 33.2% through to 2025.
The IndustryARC report titled “Synthetic
Biology Market: By Tools (Xeno-Nucleic Acid, Chassis Organisms,
Oligonucleotides, Cloning Technology Kits, Enzymes); By Technology (DNA
Synthesis, DNA Sequencing, Computational Modelling); By Application
(Environmental, Medical, Industrial); By Geography- Forecast (2019-2025)” gives
a fair specification about the present global synthetic biology, the progress,
and prospect in the forecast period, comparative product and company analysis,
and geographical opportunity of the niche market.
Global Synthetic Biology Market:
Competitive Landscape:
As per the aforementioned report, North
America largely contributed a huge regional share of 38% in the year 2018.
Since the United States is readily advancing in many sectors, it is also
accomplishing sustainable development in the medical industry owing to a high
rate of chronic and fatal diseases. According to the American Cancer Society,
nearly 1,762,450 new cancer incidences are expected to occur in 2019 in the
U.S.[1] Resultantly, imposing a serious
concern on the governmental agencies whereupon facilitating high R&D
investment to discover new medicines and techniques, synthetic biology being
the major platform for such innovations. Several positive implications of
synthetic biology include the production of renewable bioacrylic to reduce
greenhouse gas emission, green chemicals such as surfactants from agricultural
wastes, HIV vaccines for strengthening immunity, renewable biofuels as
petroleum alternative, and many more. Correspondingly, increasing the global
synthetic biology market demand which is evaluated to grow at a healthy CAGR of
29.75% during the forecast period 2019-2025.
The leading companies elaborately discussed
in the report includes Ziopharm Oncology Inc., Ingenza Ltd, Halozyme, Inc.,
Intrexon Corporation, Cargill Inc., Origene Technologies Inc., Evolva, Codexis
Inc., Novozymes, and Green Biologics Limited. Origene Technologies Inc. is a
recognized research tool company which provides comprehensive research on the
genome sequences through advanced technology thereby offering a wide range of
solutions to the pharmaceutical, biotechnology, and academic end users. Their
product category includes cDNA clones, vectors, RNAi, genome editing, assay
kits, and so on.
Global Synthetic Biology Market:
Disruptive Trends and Growth Drivers:
·
Global
crop production experiences a successive loss due to adverse climatic
conditions, increasing plant disease, and decreasing soil fertility and water
availability. Moreover, rising population demands an equal amount of crop
productivity to the growing food consumption rate. Synthetic biology elevates
agricultural productivity by developing weather and pest resistant, less water
and soil dependent seeds to yield maximum outcome.
·
Increasing
incidences of cancer will majorly drive the synthetic biology market by
advancing in genome engineering and modifying the DNA sequence thereby reducing
the global cancer risks.
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What can you expect
from the report?
The point-of-use water
treatment system market is prepared with the main agenda to cover the following
20 points:
1. Market Size by Product
Categories & Application 11. Demand Analysis (Revenue
& Volume)
2. Market trends &
Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor Landscape 14.
Market Shares Analysis
5. Pricing Analysis 15.
Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain Analysis
7. Product Benchmarking 17.
Strategic Analysis
8. Product Developments 18.
Current & Future Market Landscape Analysis
9. Mergers & Acquisition
Analysis 19. Opportunity Analysis
10. Patent Analysis 20.
Revenue and Volume Analysis
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Reference:
[1] https://www.cancer.org