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Synthetic Biology Market to see Booming Growth by 2025 | Thermo Fisher Scientific, Novozymes, Merck Group, Intrexon

Synthetic Biology Market to see Booming Growth by 2025 | Thermo Fisher Scientific, Novozymes, Merck Group, Intrexon
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Synthetic Biology Market worth $ 11.00 Billion, Globally, by 2028 at 6.60% % CAGR: Verified Market Research

Synthetic Biology Market worth $ 11.00 Billion, Globally, by 2028 at 6.60% % CAGR: Verified Market Research
- Numerous applications of Synthetic Biology, a decrease in costs of DNA Sequencing and synthesizing, and elevating demand for synthetic genes and synthetic cells contribute as the primary drivers of the growth of the market
JERSEY CITY, N.J., May 11, 2021 /PRNewswire/ Verified Market Research recently published a report, Synthetic Biology Market By Product (Core Products and Enabling Products), By Technology (Gene Synthesis, Genome Engineering, Cloning, Sequencing, Site-Directed Mutagenesis & Others), By Application (Medical Application, Pharmaceuticals, Drug Discovery and Therapeutics, Artificial Tissue and Tissue Regeneration & Others), and by Geography. According to Verified Market Research, the Global Synthetic Biology Market was valued at USD 6.60 Billion in 2020 and is projected to reach USD 11.00 Billion by 2028, growing at a CAGR of 6.60% from 2021 to 20 ....

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Synthetic Biology Market worth $ 11.00 Billion, Globally, by 2028 at 6.60% % CAGR: Verified Market Research™

Global Synthetic Biology Market Overview
Increasing demand of synthetic biology by Biotechnological and Pharmaceutical companies for research and development purposes contributes to the growth of this market. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), over 149.8 Billion USD is spent on R&D per year by the pharmaceutical research-based industry. The application of Synthetic Biology techniques in drug discovery and development acts as a growth driver for the Global Synthetic Biology market. In 2015 witnessed the launch of 56 new pharmaceuticals products out of more than 7,000 compounds in development which includes the synthesis of new bio-based products. For instance, Cell-free systems were used to design biosynthetic pathways for the antiviral agent valinomycin. ....

United States , United Kingdom , Brammer Bio , Asia Pacific , Edwyne Fernandes , Minerals Metals , Route Of Administration Oral , Software Services , Semiconductor Electronics , Route Of Administration Intramuscular Vaccination , Renewable Energy , Product Development , International Federation Of Pharmaceutical Manufacturers Associations , Genscript Biotech Corporation China , European Parliament , Technology Live Attenuated Vaccines , Zymergen Inc , Technologies Inc , Thermo Fisher Scientific Inc , Synthetic Genomics Inc , National Institute Of Health , Technology Live , Information Communication Technology , Prnewswire Verified Market Research , Pediatric Vaccines Development Market , Thermo Fisher ,