Oligonucleotide Synthesis Market Trends, Share, Leading Players and Future Scope | Top Key Players are LGC, Danaher Corporation, Maravai LifeSciences, Thermo Fisher Scientific, GenScript, Nitto Denko Avecia Inc.

Valued at $1.5 billion in 2017, the oligonucleotide synthesis market size is predicted to progress with a 10.8% CAGR during the forecast period 2018-2023, ultimately generating $2.8 billion in revenue by 2023. By definition, oligonucleotide synthesis is the artificial creation of oligonucleotides, which are short DNA or RNA fragments.

Global Oligonucleotide Synthesis Market Key Players:
1- LGC
2- Danaher Corporation
3- Maravai LifeSciences
4- Thermo Fisher Scientific
5- GenScript
6- Nitto Denko Avecia Inc.

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On the basis of offering, reagents and consumables, synthesized oligonucleotides, and equipment are the three market categories. Among these, synthesized oligonucleotides held the largest revenue share (76.3%) in 2017 and is also predicted to grow the fastest during the forecast period, at an 11.1% CAGR. The increase in contract manufacturing of DNAs and RNAs is expected to escalate the demand for synthesized oligonucleotides. Similarly, when segmented by application, the oligonucleotide synthesis market can be categorized into diagnostics, research, and therapeutics.

Now, the oligonucleotide R&D is itself being bolstered by growing government support in the form of funding and other initiatives. The U.S. government invested about $820 million in synthetic biology R&D between 2008 and 2014. Similarly, as per SynbiCITE an England-based organization, the U.K government invested over $400 million during 2009-2016 for establishing three training centers and six research institutes dedicated to synthetic biology. Thus, with favorable government attitude toward providing people with better levels of healthcare, the oligonucleotide synthesis market is predicted to continue on the path to prosperity.

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GLOBAL OLIGONUCLEOTIDE SYNTHESIS MARKET SEGMENTATION
Market Segmentation by Offering
o Synthesized Oligonucleotides
o By Product
? Primers
? Probes
? Large-Scale-Synthesis Oligonucleotides
? Intermediate-Scale-Synthesis Oligonucleotides
? Linkers & Adaptors
o By Service
? Custom Oligonucleotides
? Pre-Designed Oligonucleotides
o Reagents & Consumables
o Equipment
Market Segmentation by Application
o Research
o Polymerase Chain Reaction (PCR)
o Quantitative Polymerase Chain Reaction (QPCR)
o Sequencing
o Gene Synthesis
o Others
o Diagnostics
o Therapeutics
o RNAi
o Nucleic Acid Aptamers
o DNA/Antisense Oligonucleotides
o Immunotherapy Applications
Market Segmentation by End User
o Academic Research Institutes
o Diagnostic Laboratories
o Pharmaceutical and Biotechnology Companies

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