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Global Market for Synthetic Biology to Reach Nearly $11.9 Billion by 2018 — Enabled Products Account for the Fastest Growing Segment with 36.7% CAGR
Date:7/14/2014

Wellesley, Mass. (PRWEB) July 14, 2014

BCC Research (http://www.bccresearch.com) reveals in its new report, SYNTHETIC BIOLOGY: GLOBAL MARKETS, the global synthetic biology market is expected to grow to nearly $11.9 billion in 2018, with a five-year compound annual growth rate (CAGR) of 34.4%. Enabled products account for the fastest growing segment, with anticipated $9.7 billion in 2018 and 36.7% CAGR. Synthetic biology-enabled products in the pharmaceutical/diagnostics, chemical, energy, and agricultural industries compose the bulk of this market segment.

Synthetic biology is an emerging biotechnology discipline with a wide range of applications. While there is enormous potential for future applications, it has a significant number of near-term commercial opportunities, and the list of new products and applications is continuously growing.

Enabling products play a key

Source: PRWeb
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