The Synthetic Biology market is expected to record a 20% CAGR over the forecast period. There are certain factors driving the market growth, including increased support from government and private organizations, increased R&D investment in new drug development, and reduced development and cost of DNA sequencing and synthesis.
The increasing participation of government agencies, research institutions and large organizations in synthetic biology research activities will support the market in the coming years. Governments of various countries are supporting research in synthetic biology due to their wide application. There are many research studies and projects going on in different countries regarding synthetic biology that have attempted to exploit the varying complexity of the organism’s genome, which has helped create more effective and efficient treatments to treat them.
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Synthetic Biology Market Segments:
By Products
• Synthetic DNA
• Synthetic Oligos
• Synthetic Genes
• Software Tools
• Chassis Organisms
• Synthetic Clones
• Synthetic Cells
By Technology
• Nucleotide Synthesis and Sequencing
• Bioinformatics
• Microfluidics
• Genetic Engineering
By Application
• Pharmaceuticals & Diagnostics
• Chemicals
• Biofuels
• Bioplastics
• Others (Environment, Agriculture & Aquaculture)
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
