Market revenue in 2023 | USD 388.7 million |
Market revenue in 2030 | USD 1,176.3 million |
Growth rate | 17.1% (CAGR from 2023 to 2030) |
Largest segment | Pcr technology |
Fastest growing segment | NGS Technology |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | NGS Technology, PCR Technology, Genome Editing Technology, Bioprocessing Technology, Other Technologies |
Key market players worldwide | Basf SE, Codexis Inc, Illumina Inc, Merck KGaA, New England Biolabs, Eurofins Scientific SE, Novozymes, DNAstar, Synthego, Thermo Fisher Scientific Inc |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic biology market will help companies and investors design strategic landscapes.
Pcr technology was the largest segment with a revenue share of 27.09% in 2023. Horizon Databook has segmented the Middle East & Africa synthetic biology market based on ngs technology, pcr technology, genome editing technology, bioprocessing technology, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for alternative fuels, such as biofuels, and rising popularity for protein therapeutics are among factors expected to propel market growth in the region. In addition, rising demand for genetically modified crops and significant technological advancements in DNA studies are expected to drive market growth.
For instance, South Africa has a well-established plant biotechnology community and broad legislative framework to regulate utilization of local botanic resources and genetically modified organisms. In South Africa, plant-made therapeutics are well-developed in the form of utilization of natural plant diversity.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa synthetic biology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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