Synthetic biology market is Expected to Grow at an Impressive CAGR by 2026
radoffMay 22, 2021
The report on the Synthetic biology Market published by Stratview Research focuses on current trends, dynamics, insights and also predicts the market condition and its future during the forecast period of 2020 – 2027. The report provides in-depth insights into the market dynamics to enable informed business decision-making and growth strategy making based on the opportunities present in the market. The report is segmented by Application and Region and also covers the COVID-19 impact on the market.
Synthetic Biology Market is likely to witness an impressive CAGR of 23.9% during the forecast period. Increasing use of synthetic biology for various applications such as biofuel development, protein therapeutics, personalized medicine, and synthetic drugs & vaccines is one of the prime factors contributing to the demand for synthetic biology. Large scale adoption of synthetic biology coupled with decreasing cost of DNA sequencing & synthesis of genes resulting in increasing investment in companies and start-ups is another crucial factor fueling the growth of the market.