BCC Research Blog | Industry Analysis and Business Consulting

Top Ten Suppliers Shaping the Global Synthetic Biology Market

Written by Karishma Arora | Apr 19, 2024 1:00:00 PM

Synthetic biology is a multidisciplinary field of science that combines engineering principles with biology to create new biological systems or to redesign existing natural systems. It involves creating artificial biological systems for practical uses in energy, medicine, and the environment. The main aim is to design biological systems for specific tasks, using genetic engineering to enhance existing organisms or create new ones with specialized functions. For example, integrating spider DNA into silkworms can result in super strong, ultra-lightweight silk production.

According to BCC Research, the global synthetic biology market is poised to experience substantial growth, with the market size expected to increase from $35.5 billion in 2023 to $59.2 billion by the end of 2028. This growth is driven by a compound annual growth rate (CAGR) of 10.8% during the forecast period of 2023-2028. Today we’ll explore the top ten suppliers that are driving this transformative industry forward.