Global Oligonucleotide Synthesis Market: Overview
Oligonucleotides are made by the sequential synthesis of nucleic acid biomolecules. These are single-stranded and are accompanied with short RNA or DNA molecule; they are also used in the varied applications such as genetic testing and research forensics. Oligonucleotide synthesis is also very essential in molecular biology research and several life sciences research, drug development, agriculture and food industry, medical diagnosis, and plant and animal studies. In addition, oligonucleotides are broadly used in human identity testing, therapeutics, cell cultures, human identification test, and library preparations. For instance, Orochem Technologies Inc., a leading provider of reagents and devices declared the acquisition of Oligonet, Inc., a leading firm in Custom Oligonucleotide Synthesis Business. This acquisition will assist Orochem to be the leader in custom oligo synthesis market and offer a complete line of products to their customers.
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Global Oligonucleotide Synthesis Market: Segmentation
The global oligonucleotide synthesis market is segmented on the basis of end-use as academic research institutes, diagnostic laboratory, pharmaceutical and biotech firms, and others. Of these, diagnostic laboratories segment contributed for the largest market share. This is anticipated to acceptance of innovative techniques such as such as DNA microarrays, polymerase chain reaction, real-time polymerase chain reaction, and others. Based on the product, the global market is divided as equipment, synthesized oligonucleotide, reagent, primer, and probe. The synthesized oligonucleotide type segment is the dominating the oligonucleotide synthesis market in future mainly due to increasing use synthesized oligonucleotide in several key applications such as therapeutics, diagnostics, and research applications.
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Global Oligonucleotide Synthesis Market: Growth Factors
Increasing investments on R&D activities may fuel the global oligonucleotide synthesis market growth in near future. In addition, affirmative government support also escalates the market growth. Rising biotechnology and pharmaceutical sector also highly contributes to the global oligonucleotide synthesis market growth. Rising preferences for personalized medicine may also boost the market in future. Furthermore, new developments in the genomics are the key driver of the global oligonucleotide synthesis market. Moreover, synthetic genes may also propel the market in a positive way in future.
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Global Oligonucleotide Synthesis Market: Regional Analysis
North America contributed for the largest market chunk in the global oligonucleotide synthesis market owing to rising investment in R&D. In addition, the growing pharmaceutical and biotechnology industries in this region are also anticipated to contribute to the robust market growth in near future. Asia Pacific also shows escalating growth in the global market due to government support for funding. Moreover, emerging economies such as India and China are also anticipated to show significant growth in the next few years owing to increased R&D activities.
Global Oligonucleotide Synthesis Market: Competitive Players
Some of the key players in the global oligonucleotide synthesis market include Integrated DNA Technologies, GE Healthcare, Trilink Biotechnologies, Inc., Genedesign, Inc., Bioautomation Corporation, Thermo Fisher Scientific, Inc., Biosearch Technologies, Inc., Eurogentec, Genedesign, Inc., Eurofins Genomics, and Sigma-Aldrich Corporation.
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Global Oligonucleotide Synthesis Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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