Press Release

Global Value of Synthetic Biology Market to Reach $10.8 Billion in 2016


December 8th, 2011

Global Information, Inc. (GII) presents "Synthetic Biology: Global Markets" by BCC Research.

The global value of the synthetic biology market totals over $1.6 billion for 2011, and is expected to reach $10.8 billion in 2016, increasing at a compound annual growth rate (CAGR) of 45.8%.

The global synthetic biology market can be broken down into three segments  Enabled products, core products, and enabling products.

Enabling technologies and products are used as the engine that drives the development of the synthetic biology industry.

Core products and technologies  standardized DNA parts, synthetic genes, and chassis organisms  are the key tools by which cellular factories and systems produce enabled products.

Synthetic biology enabled products  pharmaceuticals, diagnostics, chemicals, biofuels, and agricultural  target large downstream market opportunities. Each of these downstream markets is worth tens of billions of dollars annually.

Enabled products, the largest market segment, is estimated at $1.4 billion in 2011 and will grow at a forecasted CAGR of 46.5% to reach nearly $9.5 billion in 2016.

The values of enabling and core products, respectively, are estimated at $110.9 and $126.8 million in 2011, with projected market sizes of $653.7 and $698.8 million in 2016, and will grow at CAGRs of 42.6% and 40.7%.

It is important for companies in industries affected by the developments in synthetic biology to sort through the many potential applications to identify near-term commercial opportunities for product development focus. This report allows companies to prioritize product opportunities, establishing a solid framework for strategic planning.

The report will be of particular interest to pharmaceuticals, chemicals, enzymes, energy, agricultural, biotechnology, and bionanobiotechnology companies, as well as suppliers of genomics tools, DNA synthesis, and DNA sequencing products. It will also be of high interest to professionals within governments and regulatory agencies to understand the scope and pace of synthetic biology technologies as they reach the market.

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