Healthcare Industry Synthetic Biology Market Research Report 2024

Your Catalyst To a Lucrative Business
Synthetic Biology Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
" Synthetic biology market is expected to grow over
the forecast period owing to the increasing uses of
environmental applications such as biodegradation,
contaminants, detection of environmental pathogens,
distinct chemicals immobilization, and bio-
transformation."
The global Synthetic Biology Market is fueled by extensive research in DNA sequencing and rising governmental
support. The growing importance of synthetic biology can be attributed to the demand for GMO (genetically
modified) crops. Demand for biofuels and progress in molecular biology have had a positive impact on the
global industry. Other drivers are high incidence of diabetes, the problem of obesity, growing geriatric
population, and improved healthcare infrastructure.
An amalgam of engineering and biology, synthetic biology involves the designing & development of biological
devices that are employed in varied applications. It is an umbrella term that also includes aspects, like the
remodeling of existing biological parts and the introduction of innovative biological-based devices & parts.
Commercially, the industry is in the nascent stage. Costs of data generation have plummeted radically because
of affordability of DNA sequencing. Synthetic biology has not only reduced the costs of DNA sequencing but has
also contributed significantly to green energy.
The worldwide synthetic biology market is categorized on the basis of products, applications, technology, and
geographies. Based on products, the industry is bifurcated into enabling products and core products. Enabling
products is further divided into oligonucleotide synthesis and DNA synthesis. Core products are synthetic DNA,
synthetic genes, synthetic cells, chassis organisms, and Xeno nucleic acid (XNA). Owing to in-depth R&D and
extensive commercialization, the synthetic DNA segment dominated the overall industry in 2013.
Browse Details of Report @ https://www.hexaresearch.com/research-report/synthetic-biology-industry
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