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