Why is Synthetic Biology Market Advancing Rapidly in North America?

submitted 2 years ago by ResearchNews24 to science

According to the forecast of the market research firm, P&S Intelligence, the global synthetic biology market will grow at an explosive pace in the coming years. The factors propelling the advancement of the market are the soaring geriatric population, advanced and innovative applications of synthetic biology, rising support from several government organizations, ballooning research activities, and surging investments being made in research and development (R&D) activities pertaining to drug development and drug discovery all over the world.