Global Synthetic Biology Market Extensive Demand and New Developments in Upcoming years 2026
Synthetic Biology Industry Overview The global synthetic biology market size is expected to reach $30.7 billion by 2026, from $9.5 billion in 2021, at a CAGR of 26.5% during the forecast period. Factors such as widespread application of synthetic biology, increasing R&D financing and initiatives in synthetic biology, decreasing DNA sequencing and synthesis costs, and increasing investment in the market are driving the growth of this market. However, biosafety, biosecurity and ethical issues related to synthetic biology will hamper the growth of this market. Gather more insights about the market drivers, restrains and growth of the Global Synthetic Biology Market The oligonucleotides and synthetic DNA segment accounted for the largest share of the tool segment in the synthetic biology market. On the basis of tool, the synthetic biology market is broadly segmented into oligonucleotides & synthetic DNA, enzymes, cloning technology kits, synthetic cel...