Global Oligonucleotide Synthesis Market: By Product (Synthesized oligonucleotides, Reagents, Equipment), By Application (Diagnostics, Research, Therapeutics), By End-Users (Diagnostic Laboratories, Research Institutes, Biotechnology & Pharmaceutical Companies), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global oligonucleotide synthesis market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Oligonucleotide Synthesis Market
Oligonucleotide Synthesis is synthesis of short fragments of the nucleic acids which has a defined chemical structure. This process of chemical synthesis enables provide a rapid access to the custom-made oligonucleotides. The building blocks are coupled sequentially which further helps in growing the customized oligonucleotide chain.
Market Dynamics: Oligonucleotide Synthesis Market
The increase in adoption of advanced technologies are expected to increase the growth of oligonucleotide synthesis market. The surge in initial investments in research and development, companies focused on novel technologies are anticipated to fuel the growth of oligonucleotide synthesis market. Furthermore, these R&D activities are adding scope for the advent of new products which is likely to enhance the growth of the oligonucleotide synthesis market, providing opportunities to the manufactures. The increasing government support in developing technologies such as the oligonucleotide synthesis technology and the genomic technologies is enriching the growth of the market. Personalized medicine is playing a vital role, expected to add fuel for the growth of oligonucleotide synthesis market. However, the stringent government regulations in approval of oligonucleotide-based therapeutics are expected to hamper the growth of the market.
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Market Scope: Oligonucleotide Synthesis Market
Oligonucleotide synthesis market is segmented based on the product, application, and end-user
Based on the product, the market is segmented into the following:
- Synthesized oligonucleotides
- DNA oligonucleotides
- RNA oligonucleotides
- Others
- Reagents
- Equipment
Based on the application, the market is segmented into the following:
- Diagnostics
- Research
- Therapeutics
Based on the end-user, the market is segmented into the following:
- Diagnostic Laboratories
- Research Institutes
- Biotechnology & Pharmaceutical Companies
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Regional Analysis: Oligonucleotide Synthesis Market
Geographically, global oligonucleotide synthesis market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America oligonucleotide synthesis market is dominant and is expected to hold its position over the forecasted period. The soaring advancements in the healthcare sector, increased investments in biotechnology is expected to witness the growth of the market. The increasing R&D activities, sophisticated infrastructure expected to fuel the market. The Asia Pacific oligonucleotide synthesis market is expected to accelerate the growth in the forecasted period owing to emerging economies such as China and India, which enables increase the growth of oligonucleotide synthesis market.
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Competition Assessment: Oligonucleotide Synthesis Market
Some of the players in the global oligonucleotide synthesis market include:
- Thermo Fisher Scientific Inc. (U.S)
- Integrated DNA Technologies, Inc. (U.S)
- Sigma-Aldrich Corporation (U.S)
- GE Healthcare (U.S)
- Eurofins Genomics (Germany)
- Nitto Denko Avecia Inc. (Japan)
- Agilent Technologies Inc. (U.S)
Notable Market Developments: Oligonucleotide Synthesis Market
- In October 2017, Integrated DNA Technologies has acquired oligonucleotide manufacturing business of GeneWorks Pty Ltd. (GeneWorks) in Australia.
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