Synthetic Biology Market Statistics, Industry Analysis, Forecast To 2024-2033

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Synthetic Biology Global Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
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Synthetic Biology Global Market Segments
The Business Research Company segments its
Synthetic Biology market report as
Nucleotide Synthesis And Sequencing,
Bioinformatics, Microfluidics, Genetic Engineering
By Technology
Oligonucleotides, Enzymes, Cloning And Assembly
Kits, Xeno-Nucleic Acids (XNA), Chassis Organism
By Product Type
Pharmaceuticals And Diagnostics, Chemicals,
Biofuels, Bioplastics, Other Application
By Application
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Synthetic Biology Market Statistics
The synthetic biology market size has grown
exponentially in recent years. It will grow
from 16.59 billion in 2023 to 21.02 billion in
2024 at a compound annual growth rate (CAGR) of
26.7. It will grow to 45.83 billion in 2028 at
a compound annual growth rate (CAGR) of 21.5.
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Key Market Drivers And Trends
Drivers
The growing demand for personalized medicine is
expected to propel the growth of the synthetic
biology market. 
Trends
The bio-safety risks involved in synthetic
biology restrains the synthetic biology market.
Region
North America was the largest region in the
synthetic biology market in 2023.
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Key Market Players
Major players in the Synthetic Biology Global
Market are Thermo Fisher Scientific Inc.,
Danaher Corporation, Eurofins Scientific,
Merck KGaA, Novozymes A/S And more.
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