Synthetic biology (SynBio) may be a multidisciplinary area of research that seeks to make new biological parts, devices, and systems, or to revamp systems that are already found in nature.
It is a branch of science that encompasses a broad range of methodologies from various disciplines, like biotechnology, gene-splicing , biology , molecular engineering, systems biology, membrane science, biophysics, chemical and biological engineering, electrical and computer engineering, control engineering and evolutionary biology.
Due to more powerful gene-splicing capabilities and decreased DNA synthesis and sequencing costs, the sector of synthetic biology is rapidly growing. In 2016, quite 350 companies across 40 countries were actively engaged in synthetic biology applications; of these companies had an estimated net worth of $3.9 billion within the global market