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Title Synthetic Biology Market to Hit USD 31.52 Billion by 2029
URL https://www.prnewswire.com/news-releases/synthetic-biology-market-to-hit-usd-31-52-billion-by-2029-with-20-6-cagr--marketsandmarkets-302300950.html
Category Fitness Health --> Health Articles
Meta Keywords synthetic biology market
Meta Description The tool segment is segmented into oligonucleotides & synthetic DNA, enzymes, cloning technology kits, chassis organisms, xeno nucleic acids and synthetic cells.
Owner Healthcare101
Description
The global synthetic biology market is anticipated to reach USD 31.52 billion in 2029 from USD 12.33 billion in 2024, with a significant CAGR of 20.6%. The major factors contributing towards the growth of the synthetic biology market include the diversified applications of synthetic biology and the bio-based products rising demand. Furthermore, the advancements in synthetic biology and rising funding in R&D and collaborations is likely to drive market adoption in the coming years.