Global Synthetic Biology Market Size and Forecast To 2025 Global Synthetic Biology Market Analysis According to Verified Market Intelligence, The Global Synthetic Biology Market was valued at USD 77.34 billion in 2017 and is projected to reach USD 127.76 billion by 2025, growing at a CAGR of 6.5% from 2018 to 2025.
What is Synthetic Biology? Synthetic biology is defined as the field that combines biotechnology with the engineered techniques. It is used for designing and constructing new biological parts, devices, and systems as well as for re-designing of existing, natural biological systems for useful purposes. Synthetic biology involves combining of chemical synthesis of DNA with growing knowledge of genomics in order to allow the researchers to manufacture categorized DNA sequences and assemble them into new genomes. Increasing demand of novel medical procedures and increasing R&D funding contributes in the growth of synthetic biology market.
Global Synthetic Biology Market Outlook In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry.