Synthetic Biology Market Set to Explode: Projected to Hit $42.06 Billion by 2030
Synthetic Biology Market Growth & Trends Market Overview The global synthetic biology market is projected to reach USD 42.06 billion by 2030, growing at a CAGR of 17.30% from 2025 to 2030, according to Grand View Research, Inc. Growth is driven by: Increased funding from public and private sectors Expanding applications across healthcare, agriculture, nutrition, and textiles Rising demand for personalized medicine and biotech innovation Key Market Drivers Government & Private Funding Active support from agencies like BARDA, NIH, FDA, and DoD has accelerated R&D, especially during the COVID-19 pandemic. Funding is directed toward vaccine development, diagnostics, and therapeutics. Healthcare Innovation Synthetic biology supports the development of novel proteins and engineered enzymes for targeted therapies. Applications in personalized medicine, such as oral enzyme th...