Leading Synthetic Biology Country Markets Databank
The Synthetic Biology market was valued at $5,900.0 Million in 2020, and is projected to reach $7,709.9 Million by 2029 growing at a CAGR of 3.06% from 2021 to 2029. Europe is expected to be the highest contributor to this market, with $2,578.3 Million in 2020, and is anticipated to reach $3,088.7 Million by 2029, registering a CAGR of 2.06%. Asia-Pacific is anticipated to reach $1,670.1 Million by 2029 with the highest CAGR of 3.74%. Europe and North America collectively expected to account for about 70.0% share of the Synthetic Biology market in 2020, with the former constituting around 43.7% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 3.74% and 3.25% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 46.7% in the overall Synthetic Biology market in 2020, and is anticipated to reach 48.4% by 2029.
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