The LAMEA synthetic biology market is anticipated to grow at a CAGR of more than 30.0% during the forecast period. In Brazil, a university called the University of Sao Paulo (USP) h USP SynBio has been established that is promoting R&D in that region. The Synthetic Biology Center is being set-up with the objective to bring researchers from all disciplines of biomechanical engineering, chemistry, biosciences, engineering and statistics for synthetic biology. One of the fastest applications of synthetic biology in Brazil is being reported in the field of renewable energy from biofuels and biomass production.
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Additionally, the market is driven by the need for biofuel production with core R&D financing programs run by FAPESP. In July 2015, the Sao Paulo Research Foundation (FAPESP) will enable WISB researchers to develop existing collaborations with the Biomass Systems and Synthetic Biology (BSSB) center in Brazil. The funding will enable research exchanges and workshops between the two Centres over the next 2 years. The project is 1 of 21 projects to receive funding under the FAPESP ‘Sao Paulo Researchers Foundation. These developments will have a positive impact on the growth of the LAMEA synthetic biology market.
The LAMEA 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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Latin America and Middle East Africa (LAMEA) Synthetic Biology Market Segmentation
By Product
- Enabling Product
- Core Product
- Enabled Product
By Technology
- Gene Synthesis & Sequencing
- Genome Engineering
- Bioinformatics
- Others
By Application
- Medical Application
- Industrial Application
- Food & Agriculture
- Environmental Application
Regional Analysis
- Brazil
- Argentina
- UAE
- Kenya
- South Africa
- Nigeria
Rest of LAMEA
Company Profiles
- Algenol
- Codexis, Inc.
- DNA TwoPointO, Inc. (ATUM)
- E. I. du Pont de Nemours and Co.
- GenScript Biotech Corp.
- Merck KGaA
- Synthorx, Inc.
- Thermo Fisher Scientific, Inc.
- Twist Bioscience Corp.
- Vedanta Biosciences, Inc.
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