Synthetic Biology Market to Surpass USD 52.6 Billion by 2030 due to Rapid Advancements in Genetic Engineering and Rising Demand for Sustainable Solutions | Research by SNS Insider [Yahoo! ...
GENTING BERHAD SPONS ADR (GEBHY)
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Source: Yahoo! Finance
healthcare, collaborative initiatives, a supportive regulatory environment, and increased investments collectively contribute to the flourishing landscape of synthetic biology market. Pune, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The Synthetic Biology Market , as per the SNS Insider report, was valued at approximately USD 13.1 billion in 2022, with projections indicating a growth to USD 52.6 billion by 2030. This represents a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period from 2023 to 2030. Market Overview Synthetic biology, often referred to as "synbio," involves the design and construction of biological parts, devices, and systems for useful purposes. It draws inspiration from the principles of engineering to enable the modification of existing biological systems or the creation of entirely new ones. At its essence, synthetic biology seeks to bring about a paradigm shift in how we understand and engineer living organisms, paving the way for innovations that w
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