The China synthetic biology market is expected to grow at a significant rate during the forecast period. In China, the synthetic biology market is still at its nascent stage, with emerging development in the biotechnology field. Major factors that are expected to fuel the market growth are due to the funding provided by the Chinese government on various projects related to synthetic biology, including Artificial Synthetic Cell Factory and Minimal genome of E. coli and its synthesis. The synthetic biologics market in China is at its developing stage; therefore, the growth of the market is mainly dependent on the research and development activities performed in the nation.
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Some of the major research institutes working towards the development of synthetic biology technology in the country are Tsinghua University, Peking University, Tianjin University, Nankai University, Jiangnan University, Beijing University Chemical Technology, Nanjing University of Technology, and Shanghai Institutes for Biological Sciences. Chinese government plays a significant role in providing funds. The National High-tech Research and Development Project, National Science Foundation of China (NSFC), and the National Program on Key Basic Research Project provide funding for R&D of synthetic biology in China. Chinese government is planning to increase the research and development spending from 1.5% of GDP in 2014 to 2.5% in 2020.
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China Synthetic Biology Market Segmentation
By Product
• Enabling Product
• Core Product
• Enabled Product
By Technology
• Gene Synthesis & Sequencing
• Genome Engineering
• Bioinformatics
• Others
By Application
• Medical Application
• Industrial Application
• Food & Agriculture
• Environmental Application
Company Profiles
• Desktop Genetics, Ltd.
• E. I. du Pont de Nemours and Co.
• GenScript Biotech Corp.
• Ginkgo Bioworks (The Organism Co)
• Merck KGaA
• Synthetic Genomics, Inc.
• Thermo Fisher Scientific, Inc.
• Twist Bioscience Corp.
• Vedanta Biosciences, Inc.
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