DUBLIN, Feb. 18, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bll56x/world_synthetic) has announced the addition of the "World Synthetic Biology Market - Opportunities and Forecast, 2014 - 2020" report to their offering.
The world synthetic biology market is poised to grow at a CAGR of 23% between 2015 to 2020 owing to its growing applications in drug & vaccine development, biofuel production and high demand for bio-based polymers & biochemical.
Emerging applications across novel fields of research, such as agriculture and bioremediation are expected to further drive the market growth. Synthetic biology has gained popularity in hazardous waste cleanup initiatives through engineered microbes, which can degrade recalcitrant chemicals such as dioxins, pesticides or even radioactive compounds. Engineered crops, through synthetic biology, would bridge the gap between supply and demand globally. However, factors such as biosafety and biosecurity issues may hinder the market growth.
Pharmaceutical and diagnostic application segment would continue to dominate throughout the forecast period. This is attributed to the rising adoption of technologies including, bioinformatics in drug discovery and development and widespread use in diagnostic kits and toxicity screening. Moreover, favorable regulations and high R&D investment by companies intend to further supplement the growth of the pharmaceuticals and diagnostics application market.
Key findings of the study:
Key Topics Covered:
CHAPTER 1 - Introduction
CHAPTER 2 - Executive Summary
CHAPTER 3 - Market Overview
CHAPTER 4 - Overview of Nucleotide Synthesis
CHAPTER 5 - Market by Product
CHAPTER 6 - Market by Technology
CHAPTER 7 - Market by Application
CHAPTER 8 - Market by Geography
CHAPTER 9 - Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/bll56x/world_synthetic
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SOURCE Research and Markets
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