Synthetic Biology Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The synthetic biology market was estimated at USD 12.18 billion in 2022 and is likely to grow at a CAGR of 23.89% during 2023-2028 to reach USD 44.17 billion in 2028. Increasing use of synthetic biology for various applications such as biofuel development, protein therapeutics, personalized medicine, and synthetic drugs & vaccines is one of the prime factors contributing to the demand for synthetic biology.