Showing posts with label Synthetic Biology Market. Show all posts
Showing posts with label Synthetic Biology Market. Show all posts

Significance of Synthetic Biology

Synthetic biology transforms our methods for growing food, what we eat, and where source materials and medicines are sourced. 

Numerous scientists doubt that synthetic biology is not going to reveal advanced knowledge on the lifespan, along with the development of new biotechnological applications. The two primary applications include pharmaceuticals and biofuels. 

For instance, researchers are working on antimalarial drug artemisinin synthetic manufacturing. It is produced naturally in the sweet wormwood plant. Scientists have teased apart the DNA of the plant sequences and protein pathways that produces artemisinin with contents of yeast and bacteria, by utilizing synthetic biology techniques. It boosts synthetic artemisinin production by several 10 million times with the possible output. 

Moreover, considering biofuels, scientists are focusing on developing microbes that can break down the dense feedstocks for biofuel production, including growing, processing, and burning feedstock in a more efficient, cost-effective, and eco-friendly way. 

Synthetic biology can be defined as the redesigning of organisms by engineering them for essential purposes to integrate new abilities. Researchers and companies are working on improving nature's power to resolve potential problems in various sectors, such as manufacturing, agriculture, and medicine. 

Redesigning organisms is done to produce a specific substance which includes medicine, fuel, or developing new abilities, including sensing something in the environment, which are some of the major synthetic biology project goals. 

For instance,

Modification of rice for beta-carotene production is a nutrient associated with carrots which prevents the deficiency of vitamin A. Deficiency of vitamin A causes blindness in 25000 to 500,000 each year, and increases the death risk in children from infectious diseases.

The engineering of yeast for producing rose oil, as is considered an eco-friendly and sustainable substitute for real roses so perfumers can use it to make luxury scents. 

In several ways, synthetic biology is similar to genome editing, as they both include transforming an organism’s genetic code. However, several people can identify the differences between these two approaches on the basis of how change emerged. 

The synthesized DNA pieces could also be genes found in other organisms, as they are wholly novel. 

Synthetic biology often involves scientists stitching together the long DNA stretches and inserting them into the genome of an organism. The genome editing tools can also be used for adding or deleting small DNA stretches in the genome.

The major companies operating in the industry are Merck KGaA, Novozymes A/S, Codexis Inc., Integrated DNA Technologies, Royal DSM N.V., New England Biolabs, Illumina, GenScript Biotech Corporation, and Eurofins Scientific. 

Therefore, the rising application of synthetic biology in the healthcare sector to treat deficiency of various nutrients, and prevent diseases caused by them, leads to their increasing prominence. 

Browse Full Report Synthetic Biology Market Revenue and Demand Forecast 


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How is growing R&D investments in Drug Discovery and Development Driving Synthetic Biology Market?

The need for advanced and innovative drug discovery and development has increased considerably as the prevalence of various diseases, such as neurological disorders, immunological disorders, infectious diseases, and cancer is rising. Due to this, several biopharmaceutical and pharmaceutical companies are becoming more inclined toward the development of new and more effective biopharmaceutical drugs. This in turn, has been made possible because of the growing research and development investments in drug discovery and development. Since synthetic biology provides innovative solutions for drug discovery, its demand is surging as well. Using synthetic biology, living organisms are genetically developed for required functions in research laboratories. The field derives input from molecular and cell biology, biochemistry, bioinformatics, mathematics, and evolutionary systematics. Synthetic biology elucidates disease mechanisms and target identification, along with providing avenues to design and discover novel biopharmaceuticals and small chemotherapeutic molecules.

According to a research conducted by the P&S Intelligence, the global synthetic biology market is expected to generate a revenue of $23.8 billion and advance at a CAGR of 35.4% in the near future. Among several reasons for the growth of this market is the increasing geriatric population. According to the United Nations Department of Economic and Social Affairs, the population of people aged 60 years and above is rising at a high rate; the number rose from 9.2% in 1990 to 11.7% in 2013 and is further predicted to reach 21.1% by 2050. People aged 60 years and above are more prone to illness because of low immunity and metabolic rate, due to which diseases such as cancer and immunological diseases affect elderly people more severely. The treatment of such diseases requires more effective biotherapeutics and synthetic biology helps achieve the same by enabling designing of novel strategies for the treatment as well as production of cheap drugs.


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The segments of the field of synthetic biology are technology and tool. Among these, synthetic biology technology was the most in demand during 2011–2014. Synthetic biology has become more significant due to the utilization of several innovative and advanced technologies which are used in the field of life sciences for developing biological systems and bio-based products, designing, and redesigning. The two foundational technologies applied by synthetic biology are DNA synthesis and DNA sequencing. DNA synthesis provides the ability to design new, synthetic biological systems and parts and DNA sequencing helps understand the components of natural biological systems. Synthetic biology technology is further bifurcated into enabling and enabled.

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Geographically, North America dominated the global market, among all the regions in 2014; and it is expected to grow with a CAGR of 35.2% during the period 2015 – 2020. However, the Asian market is expected to witness fastest growth, with a CAGR of 39.8% during the forecast period.

The key companies operating in the global synthetic biology market include E. I. du PONT de Nemours and Company, Amyris Inc., GenScript USA Inc., Intrexon Corporation, Thermo Fisher Scientific Inc., Synthetic Genomics Inc., Royal DSM, Novozymes A/S, New England Biolabs Inc., and Integrated DNA Technologies Inc.
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