Market revenue in 2023 | USD 761.8 million |
Market revenue in 2030 | USD 3,260.1 million |
Growth rate | 23.1% (CAGR from 2023 to 2030) |
Largest segment | Pcr technology |
Fastest growing segment | NGS Technology |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 27.57% in 2023. Horizon Databook has segmented the UK 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.
Government support for synthetic biology startups along with robust strategic plans for synthetic biology R&D is expected to drive growth of the UK synthetic biology market. In 2016, the UK Synthetic Biology Leadership Council declared a UK Synthetic Biology Strategic Plan for enhancing focus on adaptation and commercialization of synthetic biology.
More than 50 synthetic biology start-ups, SMEs, and major companies are actively focused on synthetic biology in the UK. These initiatives provide a platform for raising innovation, contributing to international R&D partnerships, and delivering benefits of synthetic biology in terms of global &local needs and challenges.
Horizon Databook provides a detailed overview of country-level data and insights on the UK synthetic biology market , including forecasts for subscribers. This country databook contains high-level insights into UK synthetic biology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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