Synthetic Biology Market Is Predicted To Grow Quickly Till 2020: Grand View Research, Inc.
The engineering and design of
novel devices, systems, biologically based parts as well as the redesign of
naturally existing biological systems is known as synthetic biology or
engineering of biology. It is done to develop genetically modified organisms so
that new preferred functions can be performed leading to increase in biological
systems production. Synthetic biology is a new and revolutionary method of
bioscience in which engineering principles are applied to biology in order to
make new biological devices, systems and parts. Recently synthetic biology has
entered the commercial market and is passing through a nascent stage. Currently
there are consumer products in the market such as on department store shelves
or grocery that contains the ingredients made by using advanced form of
manufacturing and engineering. The original aim of synthetic biology was the
production of biofuels and in the recent past it has extended to the industries
such as scents, flavorings, cosmetics and others.
There is also the usage of
standard industrial fermentation and molecular biology for the production of
sustainable, renewable algal oils that would pacify pressure that is there on
ecosystem due to habitat destruction and deforestation. Development of cheap
synthesis procedures in life sciences is one of the most important roles of
synthetic biology. DNA sequencing knowledge is built by synthetic biology and
also there is expectation of development of bio based chemicals, medicines,
improvement of food crops and sources of green energy. There are some potential
environmental applications of synthetic biology such as
bio-transformation, distinct chemicals immobilization, detection of
environmental pathogens and contaminants, in situ biodegradation and others
which would attract the governments of various LDC’s and developing counties to
invest on the same. The drivers for the market are molecular biology advancement,
fall in the cost of data generation due to decreasing prices of DNA sequencing,
increase in government funding and rise in demand of renewable energy such as
biofuels, increasing demand of improved vaccines and drugs and rising demand
for genetically modified crops due to the increasing population.
Browse full research report on Synthetic Biology Market:
http://www.grandviewresearch.com/industry-analysis/synthetic-biology-market
Key product segments of synthetic biology market are core products and
enabling products. Core product comprises synthetic genes, synthetic DNA,
synthetic cells, chassis organisms and XNA (xeno nucleic acid) whereas enabling
product segment comprises oligonucleotide synthesis and DNA synthesis.
Synthetic DNA has the largest market share as it has high market penetration
rate due to its extensive use in R&D and more of commercialization than any
other product segments.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/biotechnology
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
Comments
Post a Comment