Synthetic Biology Market to be Worth $80.20 Billion by 2031

Synthetic Biology Market Size, Share, Forecast, & Trends Analysis by Product (Enzymes, Oligonucleotide, DNA) Technology (Gene Synthesis, Genome Editing, Sequencing, Cloning) Application (Life Sciences, Chemical, Food) End User – Global Forecast to 2031

The Synthetic Biology Market is projected to reach $80.20 billion by 2031 at a CAGR of 23.5% from 2024 to 2031. The growth of this market can be attributed to various factors, such as the declining cost of sequencing, increased funding in synthetic biology, rising application area of synthetic biology, advancements in gene engineering technologies, and rising research on synthetic vaccines. Furthermore, rising R&D funding, rising focus on personalized medicine, increasing demand for biofuel, and innovations in synthetic biology are expected to offer growth opportunities.