Global Synthetic Biology Workstation Market 2018-2022

Overview of the synthetic biology workstation market

Synthetic biology has high growth potential in designing desired genes in genetic engineering. Synthetic biology is used in several applications such as medicine, biofuels, biochemicals, and other bio-based substitutes. Technavio’s market study identifies the increasing applications of synthetic biology to be one of the primary growth factors for the synthetic biology workstation market. Synthetic biology is used extensively to improve the efficiency of products such as therapeutics, biochemicals, and biofuels. Also, synthetic biology workstations are useful for waste management as they aid in avoiding manual errors, reducing overall costs, and providing effective output. Continuous innovations in large-scale synthetic biology and extensive use of synthetic biology techniques will further drive the growth of the synthetic workstation market. Our market analysts estimate that the market will grow steadily at a CAGR of about 7% by 2022.

The growing demand for maintaining optimal environmental conditions is driving the adoption of laboratory automation in synthetic biology laboratories. The improper maintenance of the laboratory increases the cost and duration of experiments. The integration of laboratory system with IoT provides monitored and structured output. Users can easily monitor each process to ensure optimum output and advanced workflows that reduce cost and enable innovations. According to our analysts, the rising demand for laboratory automation will be one of the key trends that will gain traction in the synthetic biology workstation market during the next few years.

Competitive landscape and key vendors

The synthetic biology workstation market is moderately fragmented owing to the presence of several international and regional players. Synthetic biology workstation companies compete intensely in terms of price, quality, regulatory compliance, and innovation. To compete profitably in the synthetic workstation market, the vendors have the need to focus on brand, labor, technology, and R&D. Owing to the intense competition among the competitors, the bargaining power of suppliers will increase in the coming years.

The leading vendors in the market are

• Hudson Robotics
• Intrexon
• Synthetic Genomics
• Tecan
• Thermo Fisher Scientific

The other prominent vendors in the market are Biosero, Don Whitley Scientific, GenScript, Hamilton, LABCYTE, LGR, and Zymergen.

Segmentation by application and analysis of the synthetic biology workstation market

• Pharmaceutical and biotechnology
• Food and agriculture
• Biochemicals
• Biofuels

Synthetic biology workstations are primarily used in pharmaceutical and biotechnology applications for drug discovery, drug synthesis, bioprocess, and industrial biotechnology. The introduction of synthetic biology workstations reduces the frequency of pipeline failures and the cost of research. The need for faster and successful result encourages pharmaceutical and biotechnology companies to invest in these workstations.

Geographical segmentation and analysis of the synthetic biology workstation market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to this synthetic workstation market due to the significant investments in synthetic biology applications from several public and private investors.  Synthetic biology techniques are widely used across several applications in the US and Canada. Several vendors in the synthetic biology workstation market are also offering other laboratory automation equipment in addition to workstations.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the synthetic biology workstation market?
• What are the key market trends impacting the growth of the synthetic biology workstation market?
• What are the challenges to market growth?
• Who are the key vendors in the synthetic biology workstation market?
• What are the market opportunities and threats faced by the vendors in the synthetic biology workstation market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the synthetic biology workstation market?

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