Global Oligonucleotide Synthesis Market to Grow at 13.9% CAGR through 2025

A latest market study, titled “Global Market Study on Oligonucleotide Synthesis: Custom Oligonucleotide Synthesis Service Type Segment to Hold 70% Market Share by 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global oligonucleotide synthesis market is likely to grow at a robust 13.9% CAGR through 2025, and reach a valuation of over US$ 770 Mn by the end of the forecast period.

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The research study on oligonucleotides offers in-depth insights and analysis that offers readers holistic analysis and insights on the key developments shaping the global market. A thorough and insightful assessment on the drivers, restraints, opportunities, and threats has been analyzed in the report, and an overview on the market has been offered to readers.

Growing emphasis on research and development, combined with wide ranging applications of oligonucleotide synthesis is likely to provide an impetus to the growth of the market during the assessment period. Governments around the globe are investing in oligonucleotide synthesis to boost drug discovery and molecule diagnostic chip technology. The initiatives towards attracting foreign players, combined with steady improvement in healthcare budgets in emerging economies, is likely to provide an impetus to growth during the assessment period.

In a bid to give readers detailed insights and analysis on the oligonucleotides synthesis market, the report offers detailed segment-wise analysis and insights on the basis of region, service type, application, and end-use. By region, Asia Pacific is likely to be one of the most lucrative markets for oligonucleotides synthesis during the assessment period. The report projects the global oligonucleotide synthesis market to grow at a CAGR of nearly 10% during the assessment period. On the basis of service type, preference for custom oligonucleotides continues to remain higher. According to the report, custom oligonucleotides account for nearly 70% revenue share of the market.

Browse Full Report with Table of Content, List of Table and Figures – https://www.mrrse.com/global-oligonucleotide-synthesis-market

The report also offers readers a detailed analysis on the various end-users and application segments. Assessment on the likely scenario in the market, combined with key factors driving the growth in certain end-use industries and applications has been offered to the readers. According to the report, academic R&D segment is likely to witness robust growth during the assessment period, and increase at a CAGR of 8.4% during the forecast period.

North America is likely to remain one of the most lucrative markets for oligonucleotides synthesis during the assessment period. In addition to North America, market opportunities are also likely to grow at a brisk pace in Asia Pacific. Steady stream of opportunities are also expected to emerge in Western Europe during the assessment period.

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This release was published on openPR.