North America Synthetic Biology Market Outlook, Research, Trends and Forecasts by 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.

The burgeoning field of synthetic biology is revolutionizing industries spanning chemicals, agriculture, pharmaceuticals, and energy. A vibrant ecosystem of start-ups is fueling this progress by providing specialized products and services for biological processes. For instance, Benchling offers sophisticated CAD tools, GenScript specializes in gene synthesis, Ginkgo Bioworks excels in organism engineering, Transcriptis provides cloud lab and automation solutions through bioinformatics, and Glowee is innovating with synthetic biology-based consumer products.

Interestingly, the bioeconomy witnessed an acceleration during the first half of 2020, even amidst the challenges posed by the COVID-19 pandemic on start-up performance. During this period, 56 synthetic biology companies successfully raised over US$ 3 billion in equity financing, a significant increase compared to the US$ 1.9 billion raised by 65 companies during the same timeframe in the preceding year. This surge in investment underscores the growing prominence of synthetic biology, particularly in the biopharmaceutical sector where it is being leveraged to advance cell therapies, gene therapies, and early cancer detection. The substantial influx of capital into these companies is consequently driving the demand for innovative synthetic biology-based techniques, thereby propelling the overall growth of the North America synthetic biology market across various regions.

The continuous introduction of novel features and technologies presents a significant opportunity for vendors to attract new customers and expand their presence in emerging markets. This dynamic is anticipated to be a key driver for the North America synthetic biology market, which is projected to experience a notable Compound Annual Growth Rate (CAGR) during the forecast period.

North America synthetic biology market Strategic Insights

Strategic insights for the North America Synthetic Biology market deliver a data-driven analysis of the industry landscape, encompassing prevailing trends, key players, and specific regional nuances. These insights provide actionable recommendations, empowering stakeholders to differentiate themselves from competitors by identifying untapped market segments or crafting unique value propositions. By harnessing the power of data analytics, these insights enable industry participants, including investors and manufacturers, to anticipate market shifts. Adopting a future-oriented perspective is crucial, allowing stakeholders to proactively position themselves for sustained success within this dynamic North American market. Ultimately, well-informed strategic insights empower readers to make sound decisions that foster profitability and achieve their business objectives within the market.

North America synthetic biology market Regional Insights

The geographic scope of the North America Synthetic Biology market defines the specific areas in which businesses operate and compete. A deep understanding of local distinctions is paramount for tailoring effective market strategies. These distinctions include diverse consumer preferences (such as varying demands for specific plug types or battery backup durations), differing economic conditions across regions, and the nuances of local regulatory environments. By identifying underserved areas or adapting their offerings to meet specific local demands, businesses can strategically expand their market reach. A focused market approach enables more efficient resource allocation, the development of targeted marketing campaigns, and improved positioning against local competitors, ultimately fueling growth within those specific targeted areas.

North America synthetic biology market 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

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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