Oligonucleotide Synthesis Market Trends, Size, Key Players and Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Oligonucleotide Synthesis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global oligonucleotide synthesis market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Oligonucleotide Synthesis Market?
Report Attributes | Details |
Market Size in 2022 | US$ 2.7 Billion |
Market Forecast in 2028 | US$ 5.5 Billion |
Growth rate (2023 to 2028) | CAGR of 12.76% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Oligonucleotide Synthesis?
Oligonucleotide synthesis is the process of chemically synthesizing short sequences of nucleotides, ranging from a few to a few dozen bases in length. Oligonucleotides are essential tools in molecular biology and biotechnology, used for DNA sequencing, PCR (polymerase chain reaction), gene synthesis, and gene editing. Characteristics of oligonucleotide synthesis include precise control over the sequence and length of the oligonucleotide, as well as the ability to incorporate modified nucleotides with specific chemical functionalities. One of the key features of oligonucleotide synthesis include scalability, high purity, and customizability. Oligonucleotides can be synthesized in small scales for research purposes or in large scales for industrial applications. They can be tailored to specific sequences, lengths, and modifications as required by researchers or industry needs. Oligonucleotide synthesis finds applications in various industries, including pharmaceuticals, biotechnology, medical, and academic research.
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What Are the Growth Prospects and Trends in the Oligonucleotide Synthesis Market?
The increasing prevalence of genetic disorders, such as cancer, represents one of the key factors influencing the market growth of oligonucleotide synthesis. This can be primarily attributed to the rising demand for novel diagnostics, which is driving the market growth. The continuous advancements in oligonucleotide synthesis technologies, such as automated synthesizers and high-throughput methods, are enhancing the efficiency and productivity of synthesis processes, which is contributing to the market growth. The rising investment in biotechnology and pharmaceutical industries is acting as another major growth-inducing factor. In line with this, since oligonucleotide synthesis is a crucial component of these industries, they are extensively receiving significant fundings and support from both the government and private organizations, which is driving the market growth. The rising demand for personalized medicine targeting specific genes or mutations is propelling the market toward growth. The rising demand for synthetic genes is further driving the market of oligonucleotide synthesis toward growth. The market is also being driven by the increasing applications diagnostics and therapeutics. The significant presence of established players, along with the rising number of emerging biotechnology firms is contributing to the market growth.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who Are the Key Players Operating in the Oligonucleotide Synthesis Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Agilent Technologies Inc.
- Biolegio B.V.
- Bio-Synthesis Inc
- Eurofins Genomics
- GenScript
- Horizon Discovery Ltd
- Integrated DNA Technologies Inc (Danaher Corporation)
- Kaneka Eurogentec S.A. (Kaneka Corporation)
- LGC Limited
- Nitto Denko Avecia Inc (Nitto Denko Corporation)
- Thermo Fisher Scientific Inc.
What is Included in Market Segmentation?
The report has categorized the market based on product, application, end useand region.
Breakup by Product:
- Synthesized Oligonucleotide Products
- Reagents
- Equipment
- Services
Breakup by Application:
- PCR Primers
- PCR Assays and Panels
- Sequencing
- DNA Microarrays
- Fluorescence In-Situ Hybridization (FISH)
- Antisense Oligonucleotides
- Others
Breakup by End Use:
- Pharmaceutical and Biotechnology Companies
- Hospital and Diagnostic Laboratories
- Academic Research Institutes
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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