Global Oligonucleotide Synthesis Market is expected to rise from its initial estimated value of USD 3.91 billion to an estimated value of USD 11.00 billion by 2026, registering a CAGR of 13.81% in the forecast period of 2019-2026.
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Increasing demand for synthetic genes is the major factor for the growth of this market.
Oligonucleotide synthesis is the chemical synthesis of nucleic acid with chemical structures. They are usually the integral part of the genetic research as they provide fast and inexpensive approach toward custom-made oligonucleotides. Rising use of synthesized oligos in molecular diagnostics is the major factor fueling the growth of this market. They are usually used for therapeutics, diagnostics and industrial & academic research.
Major Key players profiled in this report are:
Agilent Technologies, Inc., ATDBio Ltd., BioAutomation, Bio-Synthesis, Inc., Eurofins Scientific, KANEKA CORPORATION, GENERAL ELECTRIC COMPANY, GenScript, GeneDesign, Inc., Integrated DNA Technologies, Inc., Merck KGaA, LGC Biosearch Technologies, Nitto Denko Avecia Inc, Thermo Fisher Scientific, TriLink BioTechnologies, LLC.
Major Market Drivers:
- Increasing usage of synthesized oligos in molecular diagnostics is driving the growth of this market
- High R&D investment by pharmaceutical – biotechnology companies on oligonucleotide synthesis is another factor driving the growth of this market
- Lack of skilled and trained professionals in developing countries is restraining the market growth
- Decrease in the price of synthesized oligos is another factor restraining the growth of this market
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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This market report centers around a report on business sectors and materials, limits, innovations, and the changing structure of the Market. The investigative information exhibited in this report causes you to fabricate a brand inside the business while contending with the contenders. It approves the evaluation and volume of the market for the estimated time. In addition, the report does the achievability study, reviews the information sources, obstructions and significant conclusions.
Market Segmentation: Global Oligonucleotide Synthesis Market
Global Oligonucleotide Synthesis Market By Product (Synthesized Oligos, Reagents, Equipment, Services),
Application (Therapeutic Applications, Diagnostic Applications, Research Applications),
End-User (Hospitals, Academic Research Institutes, Pharmaceutical & Biotechnology Companies, Diagnostic Laboratories),
Service Type (Universal Oligonucleotide Synthesis, Custom Oligonucleotide Synthesis),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Reasons to Purchase this Report
- Current and future of global oligonucleotide synthesis market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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