Synthetic Biology Market – Latin America Forecast (2017-2026
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Synthetic Biology Market Latin America is expected to reach US$ XXBn by 2026 from US$ XXBn in 2017 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Synthetic biology combines engineering and biology to manufacture products that are different and sustainable as compared to other living biological systems. It converges and standardizes automated construction of biological systems to expand the desired range of possible products. Many disciplines come together to create opportunities for synthetic biology that includes medicine, energy or environment. Synthetic biology in simpler words is the integration of engineering in biology using complex synthesis process to develop biologically based systems. These are in general non-existent in nature with engineering perspective applied at various hierarchical levels of biological structures. This process helps in designing at a faster rate with greater precision as well. Application of engineering principles in biology results in fabrication of biological components artificially, making changes in DNA and then assembling them into new genomes. Improvements in DNA synthesis for synthesizing modified bacterial chromosomes at a lower cost helps in the production of advanced bio-products, renewable chemicals, or bio-products that are used across various industries. Artificial biological pathways, modified organisms and redesigning of natural biological systems are all different components of synthetic biology.
Synthetic Biology Market Latin America
Latin America synthetic biology market has been segmented into technology, product, application, and geography. Based on technology, the market is divided into bioinformatics, genome engineering, DNA sequencing, biological components and integrated systems among others. Growing technological advancement in research organizations for developing enhanced crops, organisms or chemicals has made genome engineering and DNA sequencing as some of the largest segment in terms of technology. Synthetic biology has also been bifurcated on the basis of products into enabling and core products. Use of naturally available structures to develop genetically modified products that are more sustainable and can also be used across different industries have led enabling products to hold a larger market share as compared to core products. The market for synthetic biology has been further segmented on the basis of applications into various industries. Healthcare and agriculture have formed two major segments with huge government grants and rise in cost-effective researchers have formed two major drivers for this growth.
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Target City : Pune
Last Update : 12 July 2019
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|Item Owner : jayashree|
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