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The future of the synthetic biology market looks promising with opportunities in the environmental, medical, industrial, and food and agricultural applications. The global synthetic biology market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are advancement in genome engineering such as CRISPR and DNA synthesis technologies will reduce the risks from cancer, increasing involvement of government bodies, research institutes, and large-scale organizations in synthetic biology research activities.
An emerging trend, which has a direct impact on the dynamics of the industry, includes biomonitoring for engineering highly specific and tiny biosensors to spot an enormous range of molecules such as hydrocarbon pollutants, sugars, heavy metals, and antibiotics in environmental sensing systems.
A total of 157 figures / charts and 132 tables are provided in this 186-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of synthetic biology market report, download the report brochure.