North America Synthetic Biology Market Size,
Growth Status and Latest Application 2028

The North America Synthetic Biology Market is expected to grow from US$ 4,313.62 million in 2021 to US$ 15,223.61 million by 2028; it is estimated to grow at a CAGR of 19.7% from 2021 to 2028.

Synthetic Biology: A Rapidly Expanding Market

Synthetic biology is a burgeoning field with wide-ranging applications across industries like chemicals, agriculture, pharmaceuticals, and energy. Numerous startups are driving innovation, offering gene synthesis products and services. Examples include:

• Benchling: CAD tools for biological design.
• GenScript: Gene synthesis services.
• Ginkgo Bioworks: Organism engineering.
• Transcriptis: Bioinformatics solutions for cloud labs and automation.
• Glowee: Consumer products utilizing bioluminescence.

Despite the challenges posed by the COVID-19 pandemic, the bioeconomy experienced significant growth. In the first half of 2020, synthetic biology companies secured over US$3 billion in equity financing, compared to US$1.9 billion during the same period in 2019. This surge highlights the increasing investment and demand for synthetic biology-based technologies, particularly in the biopharmaceutical sector, where it's being used to improve cell therapies, gene therapies, and early cancer detection.

Segments Covered

North America Synthetic Biology Market By Products

• Enzymes
• Chassis Organisms
• Oligonucleotides
• Xeno-Nucleic Acids

North America Synthetic Biology Market By Technology

• Measurement & Modeling
• Cloning & Sequencing
• Genome Engineering
• Gene Synthesis
• Nanotechnology

North America Synthetic Biology Market By Application

• Medical Applications
• Industrial Applications
• Food and Agriculture
• Environmental Applications

North America Synthetic Biology Market Regions and Countries Covered

North America

• US
• Canada
• Mexico

North America Synthetic Biology Market leaders and key company profiles

• Agilent Technologies, Inc.
• Amyris
• Codexis
• Genscript Biotech corporation
• Integrated DNA Technologies
• Merck KGaA
• New England Biolabs
• Novozymes A/S
• Thermo Fisher Scientific
• Twist Bioscience

North America Synthetic Biology: Strategic and Regional Insights

To navigate this dynamic market, strategic and regional insights are crucial.

Strategic Insights:

• Data-driven analysis of the North American synthetic biology landscape, including current trends and key players.
• Actionable recommendations to differentiate businesses through identifying untapped market segments and developing unique value propositions.
• Utilization of data analytics to anticipate market shifts and inform strategic decisions for investors, manufacturers, and other stakeholders.
• A future-oriented approach to ensure long-term success in the region.

Regional Insights:

• Understanding the specific geographic scope of the North American synthetic biology market.
• Recognizing local distinctions, such as varying consumer preferences, economic conditions, and regulatory environments, to tailor market strategies.
• Identifying underserved regions and adapting offerings to meet local demands.
• Enabling effective resource allocation, targeted marketing, and improved competitive positioning within specific markets.
• Driving growth through focused regional market penetration.

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About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights