Indian Synthetic Biology Market Size, Share & Forecast To 2025
Posted by Rishabh on March 5th, 2020
Indian synthetic biology market is anticipated to grow at a CAGR of more than 32.0% during the forecast period. The major factor that is contributing to the favor of the Indian synthetic biology market is that it is one of the fastest-growing economies across the globe. The potential of India in the field of Biotechnology and Synthetic biology is still untapped. It is due to the lack of awareness. As an instance, MIT’s International Genetically Engineered Machines Competition (iGEM) is an event targeted for undergraduate students started in 2005. The first team participated in the competition in 2006 and four teams participated in 2011.
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The Indian synthetic biology market is segmented on the basis of product, technology, and applications. Based on the product, the market is segmented into enabling products, core products, and enabled products. Core product includes synthetic genes, synthetic cells, synthetic DNA, chassis organisms and Xeno Nucleic Acid (XNA), and are expected to hold a significant share in the market owing to extensive use of core products in R&D. Based on technology, the market is segmented into, and gene synthesis & sequencing, genome engineering, bioinformatics, and others.
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The Indian synthetic biology industry includes the competitive analysis of various players include Twist Bioscience Corp., Merck KGaA, GenScript Biotech Corp., Thermo Fisher Scientific Inc., Amyris Inc., Codexis Inc, and many others. These players are focusing on agreements along with new product launches for expanding their business.
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About the AuthorRishabh
Joined: June 18th, 2019
Articles Posted: 354
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