The 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. Compared to this, China has increased its team from zero to 20. It represents the regressive policy of China in the field of biotechnology. Lack of awareness between the researchers and government can shift the market of India to China, hence there is a need to increase awareness regarding biotechnology and synthetic biology in the country.
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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. Based on application, the market is segmented into medical applications, industrial applications, food & agriculture, and environmental applications.
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- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Indian Synthetic Biology Market by Product
- Enabling Product
- Core Product
- Enabled Product
Indian Synthetic Biology Market by Technology
- Gene Synthesis & Sequencing
- Genome Engineering
- Bioinformatics
- Others
Indian Synthetic Biology Market by Application
- Medical Application
- Industrial Application
- Food & Agriculture
- Environmental Application
Company Profiles
- Algenol
- Amyris, Inc.
- Butamax Advanced Biofuels LLC
- Codexis, Inc.
- DNA TwoPointO, Inc. (ATUM)
- I. du Pont de Nemours and Co.
- Editas Medicine, Inc.
- Genewiz, Inc.
- GenScript Biotech Corp.
- Intellia Therapeutics, Inc.
- Integrated DNA Technologies, Inc.
- Merck KGaA
- OriGene Technologies, Inc.
- Synthetic Genomics, Inc.
- Synthorx, Inc.
- Thermo Fisher Scientific, Inc.
- Twist Bioscience Corp.
- Vedanta Biosciences, Inc.
The Report Covers
- Comprehensive research methodology of the Indian synthetic biology market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian synthetic biology market.
- Insights about market determinants which are stimulating the Indian synthetic biology market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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