{"id":630790,"date":"2022-12-15T20:14:01","date_gmt":"2022-12-15T20:14:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=630790"},"modified":"2022-12-15T20:14:01","modified_gmt":"2022-12-15T20:14:01","slug":"synthetic-biology-market-to-witness-cagr-of-265-by-2026-increasing-demand-for-protein-therapeutics-and-personalized-medicine","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/synthetic-biology-market-to-witness-cagr-of-265-by-2026-increasing-demand-for-protein-therapeutics-and-personalized-medicine_630790.html","title":{"rendered":"Synthetic Biology Market to Witness CAGR of 26.5% by 2026 : Increasing Demand for Protein Therapeutics and Personalized Medicine"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/uploads\/1671115195.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Synthetic Biology Market to Witness CAGR of 26.5% by 2026 : Increasing Demand for Protein Therapeutics and Personalized Medicine\" src=\"https:\/\/www.abnewswire.com\/uploads\/1671115195.jpeg\" alt=\"Synthetic Biology Market to Witness CAGR of 26.5% by 2026 : Increasing Demand for Protein Therapeutics and Personalized Medicine\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>The APAC market is expected to grow at the highest CAGR during the forecast period<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.<\/div>\n<p style=\"text-align: justify;\">According to the new market research report &#8220;<a title=\"Synthetic Biology Market\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/synthetic-biology-market-889.html?utm_source=ABnewswire&amp;utm_medium=referral\" target=\"_blank\">Synthetic Biology Market<\/a>&nbsp;by Tools (Oligonucleotides, Enzymes, Synthetic Cells), Technology (Gene Synthesis, Genome Engineering), Application(Tissue Regeneration, Biofuel, Consumer Care, Food &amp; Agriculture, Environmental) and Region &#8211; Global Forecast to 2026&#8243;, is projected to reach USD 30.7 billion by 2026 from USD 9.5 billion in 2021, at a CAGR of 26.5% during the forecast period.<\/p>\n<p style=\"text-align: justify;\"><strong>Browse in-depth TOC on &#8220;Synthetic Biology Market&#8221;<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>452- Tables<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>39- Figures<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>377- Pages<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Download PDF Brochure:&nbsp;<a href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=889&amp;utm_source=ABnewswire&amp;utm_medium=referral\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=889<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"> The Factors such as a wide range of applications of synthetic biology, the rising R&amp;D funding and growing initiatives in synthetic biology, declining cost of DNA sequencing and synthesizing, and increasing investments in the market are propelling the growth of this market. However, biosafety, biosecurity, and ethical concerns related to synthetic biology would hamper the growth of this market.<\/p>\n<p style=\"text-align: justify;\"><strong>Recent Developments :&nbsp;<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>In December 2019, Amyris, Inc. (US) launched the PURECANE Brand Sweetener.<\/li>\n<li>In December 2019, Cyrus Biotechnology Inc. (US) collaborated with the Broad Institute of MIT and Harvard to develop an optimized CRISPR gene-editing technology. This helped Cyrus to gain further commercial access for its Rosetta technology.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>In June 2019, Novozymes A\/S (Denmark) opened its Innovation Campus in Lyngby, Denmark, for research in biological solutions.<\/li>\n<li>In April 2019, Precigen, Inc., a wholly-owned subsidiary of Intrexon Corporation (US), opened a new manufacturing facility in Germantown, Maryland, for supporting the gene therapy manufacturing.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>On the basis of tool<\/strong>, the synthetic biology market is broadly segmented into oligonucleotides &amp; synthetic DNA, enzymes, cloning technology kits, synthetic cells, chassis organisms, and xeno-nucleic acids. In 2020, oligonucleotides &amp; synthetic DNAaccounted for the largest share of market. This segment&#8217;s large share can be attributedto factors such as rising demand for synthetic DNA, synthetic RNA, and synthetic genes, which are used in a wide range of applications.<\/p>\n<p style=\"text-align: justify;\"><strong>Based on application<\/strong>, the synthetic biology market is categorized into four segments&mdash;medical applications, industrial applications, food &amp; agriculture, and environmental applications. In 2020, medical applications segment accounted for the largest share of market. Factors such as the extensive research on new and better treatments, coupled with the availability of huge private and public funding for the discovery of novel therapies, is the primary driver for the medical applications segment&rsquo;s growth.<\/p>\n<p style=\"text-align: justify;\"><strong>Request Sample Pages:&nbsp;<a href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=889&amp;utm_source=ABnewswire&amp;utm_medium=referral\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=889<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Geographical Growth Scenario:<\/strong><\/p>\n<p style=\"text-align: justify;\">The Asia Pacific region is estimated to grow at the highest CAGR in the synthetic biology market during the forecast period, this is mainly due to factors such the growing collaborations in the field of synthetic biology, growing partnerships in the Chinese market, and investments in Asia Pacific countries for research.<\/p>\n<p style=\"text-align: justify;\"><strong>Key Players:<\/strong><\/p>\n<p style=\"text-align: justify;\">Some of the prominent players in the&nbsp;Synthetic Biology Industry&nbsp;are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies, Inc (US), Novozymes A\/S (Denmark), Ginkgo Bioworks (US), Amyris (US), Precigen, Inc. (US), GenScript (China), Twist Bioscience (US), Synthetic Genomics (US), Codexis (US), Synthego (US), Creative Enzymes (US), and Eurofins Scientific (Luxembourg).<\/p>\n<p style=\"text-align: justify;\"><strong>Speak to Analyst:&nbsp;<a href=\"https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=889&amp;utm_source=ABnewswire&amp;utm_medium=referral\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=889<\/a><\/strong><\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/marketsandmarkets.com_17712.html\" rel=\"nofollow\">MarketsandMarkets\u2122 Research Private Ltd.<\/a><br \/><strong>Contact Person:<\/strong> Mr. Aashish Mehra<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=synthetic-biology-market-to-witness-cagr-of-265-by-2026-increasing-demand-for-protein-therapeutics-and-personalized-medicine\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 18886006441<br \/><strong>Address:<\/strong>630 Dundee Road  Suite 430<br \/><strong>City:<\/strong> Northbrook<br \/><strong>State:<\/strong> IL 60062<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/synthetic-biology-market-889.html\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/Market-Reports\/synthetic-biology-market-889.html<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/synthetic-biology-market-889.html\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=synthetic-biology-market-to-witness-cagr-of-265-by-2026-increasing-demand-for-protein-therapeutics-and-personalized-medicine\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The APAC market is expected to grow at the highest CAGR during the forecast period This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/synthetic-biology-market-to-witness-cagr-of-265-by-2026-increasing-demand-for-protein-therapeutics-and-personalized-medicine_630790.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[405,406,403,404,416],"tags":[],"class_list":["post-630790","post","type-post","status-publish","format-standard","hentry","category-Health-Medicine","category-Pharmaceuticals-Biotech","category-UK","category-US","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/630790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=630790"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/630790\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=630790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=630790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=630790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}