The Oligonucleotide Synthesis Market, valued at US$ 5.75 billion in 2022, is anticipated to witness significant growth, reaching US$ 15.20 billion by 2029, with a projected CAGR of 14.87% during the forecast period. Oligonucleotides, short sections of nucleic acids, are synthesized for various applications in diagnostics, therapeutics, research, and industrial settings.
Market Dynamics:
The market for oligonucleotide synthesis is expected to witness substantial growth due to increasing applications in therapeutics, research, and diagnostics. However, the market growth may face limitations due to constraints in available resources, including funding for research in academic laboratories and a shortage of skilled personnel, which could hinder research activities.
Key Highlights:
Comprehensive analysis and forecast of the global oligonucleotide synthesis market, including factors influencing growth such as drivers, restraints, and opportunities.
Market segmentation based on product type, application, end-user, and region, providing insights into market trends and growth prospects.
Strategic analysis of key players, including their product portfolio, pricing, financial position, growth strategies, and regional presence.
To get more Insights:https://www.maximizemarketresearch.com/request-sample/31248
Segment Analysis:
The synthesized oligos segment held the largest market share in 2022 and is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the expanding applications of synthesized oligos in therapeutics, research, and diagnostics.
The biotechnology pharmaceutical companies segment is expected to lead the market for oligonucleotide synthesis. These companies are increasingly utilizing oligonucleotides for disease treatment due to their effective mode of action and lower development costs.
by Product Type
Reagents Consumables
Equipment
Synthesized oligonucleotides
DNA oligonucleotides
RNA oligonucleotides
Others
by Application
Research
Polymerase Chain Reaction (PCR)
Next Generation Sequencing
Therapeutics
Antisense Oligonucleotides
Nucleic Acid Aptamers
Diagnostics
Others
by End User
Hospital
Pharmaceutical Biotechnology Companies
Diagnostic Laboratories
CROs CMOs
Academic Research Institutes
Get a Free Sample:https://www.maximizemarketresearch.com/request-sample/31248
Regional Insights:
- North America is expected to hold the largest market size globally, with North America and Asia Pacific projected to grow at the highest CAGR. The rise in RD funding and activities in Asia Pacific, particularly in countries like Japan and China, is contributing to market growth. Moreover, changing economic scenarios and investments in healthcare and life sciences are attracting global players to enter the Asia Pacific market.
Recent Developments:
In March 2018, Danaher Corporation acquired Integrated DNA Technologies to expand its business in the genomics market and develop critical diagnostic tests and therapies.
In February 2021, Integrated DNA Technologies acquired GeneWorks Pty Ltd to expand its business in the Asia-Pacific regions and provide high-quality products and services to scientists worldwide.
Key Players:
1. Gilent Technologies
2. Adtbio
3. Bioautomation
4. Bio-Synthesis Inc.
5. Eurofins Genomics
6. Eurogentec
7. GE Healthcare
8. Genscript
9. Genedesign
10. Integrated DNA Technologies
11. LGC Biosearch Technologies
12. Merck KGaA
13. Nitto Denko Avecia
14. Thermo Fisher Scientific
15. Trilink Biotechnologies
16. Agilent Technologies, Inc.
17. Adtbio
18. Sarepta Therapeutics, Inc. (US).
19. Danaher Corporation
20. GeneDesign, Inc.
Popular Reports Of MMR:
Global High-Pressure Seals Market https://www.maximizemarketresearch.com/market-report/global-high-pressure-seals-market/76434/
Global Pentane Market https://www.maximizemarketresearch.com/market-report/global-pentane-market/16695/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
