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Maintaining US Leadership in Emerging Biotechnologies to Grow the Economy of the Future

Gigi Gronvall
Date posted:
January 16, 2017
Publication type:

Health Security, Vol 15, January 2017

Mary Ann Liebert, Inc.
Available on Publisher Website
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According to the US National Bioeconomy Blueprint (2012), applications emerging from synthetic biology and other biotechnologies “can allow Americans to live longer, healthier lives, reduce our dependence on oil, address environmental challenges, transform manufacturing processes, and increase the productivity and scope of the agricultural sector while growing new jobs and industries.”(p1) In addition to benefits to these diverse aspects of American life, biotechnology's potential effect on growing the economy is thought to be immense. Synthetic biology, a technical area that aims to make biology more useful and easier to engineer, is a top 10 key technology for the 21st century, according to the World Economic Forum. BCC Research, a market analysis company, expects the synthetic biology market to grow rapidly from $2.7 billion in 2013 to $11.8 billion in 2018, with a compound annual growth rate of 34.4% over a 5-year period from 2013 to 2018.



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