Synthetic Biology: A Rising Interdisciplinary Field that Revolutionizes the Biomedical Industry
According to a 2022 report by the BioMed Commercialization Center (BMCC) in Taiwan, the global market size for synthetic biology approached US$15 billion in 2021. The report conservatively estimates that it will climb beyond $65 billion by 2026 at a compound annual growth rate of 35%. An article published in Nature Communications in 2020 even boldly predicted that by 2030, our food, clothing, daily commodities, and medical products would all be made possible by synthetic biology. As a result, synthetic biology is emerging as an essential part of our lives.