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Synthetic Biology Market Share

Report ID: GMI3385
Published Date: Jun 2019
Report Format: PDF

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Synthetic Biology Market Share

Synthetic biology market is competitive in nature due to the presence of large, regional and multinational players in the market. Key industry participants include

Amyris
DNA2.0
Evolva
DSM
Twist biosciences
Integrated DNA technologies
GenScript
Editas Medicine, Inc.
Novozymes
Blue heron
Pareto Biotechnologies
TeselaGenSyntrox Inc
Thermo Fischer Scientific

Companies are adopting strategies such as collaborations to carry out R&D activities, new product launch and joint ventures for business expansion. In September 2018, Novozymes announced the launch of BalanciusTM, new feed additive for broiler chickens which improves the gut health. This will enable farmers to produce 3% more food from same amount of feed and move towards more sustainable production. This strategy of the company will increase the customer base and lower the environmental impact on food production.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Rising preference for materials obtained from plant sources and increasing number of R&D programs regarding genetic and biological systems will impel the demand for synthetic biology.

Europe is expected to emerge as a vital region for the industry owing to the increase in R&D spending in medical domain and rising number of government research programs.

Core products are anticipated to fare well owing to their huge application outlook across synthetic DNA parts, synthetic cells, synthetic genes, etc., across the pharmaceuticals industry.

Rising demand for gene editing to determine the treatment of a genetic disease as compared to conventional techniques will increase the need for synthetic biology.