According to a recent report by Mordor Intelligence, the global synthetic biology market is projected to grow from USD 89.62 billion in 2025 to USD 164.24 billion by 2030, registering a compound annual growth rate (CAGR) of 12.88% during the forecast period.

Key Market Drivers

Technological Advancements: Innovations in DNA sequencing and synthesis technologies have significantly reduced costs, making synthetic biology more accessible for research and industrial applications.

Government and Private Sector Support: Increased funding and strategic initiatives from governments and private institutions bolster research and development in synthetic biology. For instance, in September 2022, the U.S. government launched a national biotechnology and biomanufacturing initiative to advance sustainable technologies and improve public health.

Diverse Applications: Synthetic biology's applications span across healthcare, agriculture, and industrial sectors, including drug discovery, vaccine development, and biofuel production, contributing to its rapid market expansion.

Regional Insights

North America currently holds the largest market share, attributed to substantial investments in synthetic biology research and a strong presence of key industry players. Asia-Pacific is anticipated to witness the fastest growth, driven by increasing investments in biotechnology and expanding research infrastructure in countries like China and India.

Market Segmentation

By Technology: The PCR sector held the largest market share at 28.1% in 2024, reflecting its widespread use in genetic engineering and diagnostics.

By Product: Oligonucleotides and synthetic DNA segments accounted for 35.8% of the market share in 2024, underscoring their critical role in various synthetic biology applications.

By Application: The healthcare sector leads the market, comprising approximately 57.3% of the market share in 2024, driven by the development of novel therapeutics and diagnostics.

Competitive Landscape

The synthetic biology market is moderately consolidated, with key players including GenScript, Thermo Fisher Scientific Inc., Amyris Inc., Danaher Corporation (Integrated DNA Technologies Inc.), and Illumina Inc. These companies are actively investing in research and development to expand their product portfolios and maintain a competitive edge.

For more insights regarding the major players, access our companies page: https://www.mordorintelligence.com/industry-reports/synthetic-biology-market/companies



Future Outlook

The synthetic biology market is poised for significant growth, driven by technological advancements, supportive government policies, and expanding applications across various industries. As the field continues to evolve, it is expected to play a pivotal role in addressing global challenges related to health, sustainability, and energy.

For a comprehensive understanding of the trends shaping the future of the Synthetic Biology Industry, access the full report: https://www.mordorintelligence.com/industry-reports/synthetic-biology-market



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