Since Jul 14, 2010
Genetics and Genomics
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Wed September 28th, 2016
Synthetic Biology Market By Application (Biofuels, Pharmaceuticals, Biomaterials, Bioremediation) - Global Forecast 2018
Get Free sample pages@ Increasing R&D expenditure in pharmaceutical and biotechnology companies, growing demand for synthetic genes, rising production of genetically modified crops, and incessantly rising funding in the field of synthetic biology are the significant factors driving the market. However, ethical and socialissues such as biosafety and biosecurity are the major factors restraining the growth of this market. Furthermore, rising concerns over fuel consumption and increasing demand for protein therapeutics are likely to create opportunities for this market. However, standardization and integration of biological parts at system-level still remains a challenge for this market.

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