By 2018, the synthetic biology industry is predicted to be worth $11.9bn. The technology can be used for genetic modifications in humans, and has additional applications in the manufacturing of food, cosmetics and industrial materials. But concerns are growing about the lack of governance and regulations in the sector. In a recent report, the World Economic Forum (WEF) said that while there were many positive developments in this field, it was still unclear how much progress had been made towards creating an ethical framework around
By 2018, the synthetic biology industry is predicted to be worth $11.9bn. The technology can be used for genetic modifications in humans, and has additional applications in the manufacturing of food, cosmetics and industrial materials. But concerns are growing about the lack of governance and regulations in the sector. For now, scientists are expected to be the ones that begin outlining rules for the sector, as well as the governments which have invested in their work.