The North America synthetic biology market is expected to grow from US$ 4,313.62 million in 2021 to US$ 15,223.61 million by 2028; it is estimated to grow at a CAGR of 19.7% from 2021 to 2028.
North America synthetic biology market: A Transformative Force Across Industries
Synthetic biology is an emerging field with far-reaching applications in chemicals, agriculture, pharmaceuticals, and energy. Startups are pioneering innovative solutions, from Benchling’s CAD tools and GenScript’s gene synthesis to Ginkgo Bioworks’ organism engineering and Transcriptic’s cloud lab automation. Even consumer-facing companies like Glowee are leveraging synthetic biology for novel products.
Despite the economic challenges of the COVID-19 pandemic, the bioeconomy surged in 2020, with 56 synthetic biology companies raising over 3billioninequityfinancing∗∗inthefirsthalfoftheyear—asignificantincreasefromthe1.9 billion raised by 65 firms in the same period the previous year. This growth is fueled by advancements in biopharma, where synthetic biology enhances cell therapies, gene editing, and early cancer detection. As investment pours in, demand for cutting-edge synthetic biology solutions continues to rise, accelerating market expansion.
Key Drivers of North America synthetic biology market Growth
Innovative technologies and new applications enable companies to attract customers and penetrate emerging markets. This dynamic is expected to propel the North America synthetic biology market at a notable CAGR in the coming years.
North America Synthetic Biology: Strategic Insights
To thrive in this competitive landscape, businesses need data-driven analysis of industry trends, key players, and regional dynamics. Strategic insights empower stakeholders to:
- Identify untapped opportunities and develop unique value propositions.
- Anticipate market shifts using predictive analytics.
- Optimize decision-making for investors, manufacturers, and other key players.
A future-focused approach is critical for long-term success, helping businesses stay ahead of evolving demands and technological advancements.
North America Synthetic Biology: Regional Insights
Success in this market requires a deep understanding of local variations, including:
- Consumer preferences (e.g., demand for specialized bio-products).
- Economic conditions influencing investment and adoption.
- Regulatory landscapes that differ across states and industries.
By tailoring strategies to regional needs, companies can:
- Expand into underserved markets.
- Optimize resource allocation for maximum impact.
- Strengthen competitive positioning against local players.
A targeted, region-specific approach ensures sustainable growth and a stronger foothold in the rapidly evolving synthetic biology sector.
North America synthetic biology market Segments Covered
North America synthetic biology market By Products
- Enzymes
- Chassis Organisms
- Oligonucleotides
- Xeno-Nucleic Acids
North America synthetic biology market By Technology
- Measurement & Modeling
- Cloning & Sequencing
- Genome Engineering
- Gene Synthesis
- Nanotechnology
North America synthetic biology market By Application
- Medical Applications
- Industrial Applications
- Food and Agriculture
- Environmental Applications
North America synthetic biology market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America synthetic biology market leaders and key company profiles
- Agilent Technologies, Inc.
- Amyris
- Codexis
- Genscript Biotech corporation
- Integrated DNA Technologies
- Merck KGaA
- New England Biolabs
- Novozymes A/S
- Thermo Fisher Scientific
- Twist Bioscience
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About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
