Asia Pacific Synthetic Biology Market
- POSTED ON Friday, March 12, 2021
Asia Pacific Synthetic Biology Market is expected to reach USD XX Billion by 2027 from USD XX Billion in 2019 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Synthetic biology is formed from the convergence between engineering and biology that allows development of genetically modified micro-organisms and plants. It enables to achieve an idea related to a product in a faster and cheaper way having greater precision as well. Synthetic biology as a concept allows the building of new biological systems that are naturally unavailable for uses across different end-use industries. The complex synthesis process can be applied across various levels of biological structures from cells to organisms. Fabrication of biological components with the help of DNA allows researchers to gain knowledge regarding genomics thereby leading them to manufacture cataloged DNA sequences. This can be later assembled into newer genomes by researchers for new development which can even be commercialized. Improvements in both speed, as well as cost for synthesizing modified bacterial chromosomes, are enabling scientists to produce advanced bio-products, biofuels and chemicals.
Asia Pacific Synthetic Biology Market has been segmented on the basis of product, technology, application, and geography. Based on products the market has been segmented into enabling products and core products. Enabling products held a major market share with more researchers focused on developing new products using existent data and genomics. Demand has been pretty high for genetically modified products and organisms that may be able to cure present anomalies in healthcare and other industries. Government funding has further helped research organizations to come with more commercially viable projects that may help in the long-term sustainability of the human population. On the basis of technology, the market for synthetic biology has been segmented into genome engineering, DNA sequencing, bioinformatics, biological components and integrated systems among others. Genome engineering formed a dominant segment with factors such as increased emphasis on the development of commercially viable biological systems through modification in labs acting as a major driver for this segment. Considering the application segment healthcare and chemicals both have formed two major segments of this market. Agriculture has also seen high growth rate during the last few years in terms of synthetic biology applications. It is also seen that growing research for the development of commercially viable products has further helped in the commercial application of synthetic biology across different end-use industries.
China, India, and Japan have formed a few major countries in the Asia Pacific that has contributed to the overall growth. The Asia Pacific has seen huge investments in the last few years with large-scale foreign investment focused on developing genetically modifies crops, chemicals, and organisms that may also have the power to treat certain terminal diseases. All these factors along with growth in government funding for boosting research sector especially in the biological sector has helped in the overall growth of the synthetic biology market in the Asia Pacific.
Years that have been considered for the study are as follows:
For company profiles, 2018 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at the market value for Asia Pacific Synthetic Biology market.
Some of the key players of the Asia PacificSynthetic Biology market include:
Key Target Audience:
Scope of the Synthetic Biology Market Report:
The research report segments Asia Pacific Synthetic Biology market based on product, technology, application and geography.
Synthetic Biology Market, By Product:
Synthetic Biology Market, By Technology:
Synthetic Biology Market, By Application:
Synthetic Biology Market, By Geography:
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