Oligonucleotide Synthesis Market Projected to Reach $15.20 Billion by 2029, with a CAGR of 14.87%

25.08.2023 : Oligonucleotide Synthesis Market Report Scope and Research Methodology

The report offers a comprehensive assessment of the oligonucleotide synthesis market, supported by meticulous research methodology, including historical data analysis and industry-validated market information. It delves into market dynamics, segments, and presents a global market size projection. The competitive landscape is also explored, showcasing key players' profiles, strategic perspectives, and growth strategies.

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What are Oligonucleotide Synthesis Market Dynamics?

In recent years, the oligonucleotide synthesis market has witnessed significant growth and is anticipated to continue this trajectory in the coming years. Oligonucleotides, short segments of nucleic acids, play a vital role in diagnostics, therapeutics, academic, and industrial applications. This synthesis process, accomplished through enzymatic chemistry and genetic engineering, supports various end-users either through dedicated DNA synthesizers or independent technological services.

The market's growth may be tempered by challenges such as limited resources, especially in terms of funding for academic research and a shortage of skilled personnel. These factors could restrict the expansion of research activities, consequently affecting market growth.

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What is Oligonucleotide Synthesis Market Segmentation?

The synthesized oligos segment held the largest market share in 2022 and is poised to exhibit the highest CAGR throughout the forecast period. The increased adoption of synthesized oligos in therapeutic, diagnostic, and research applications underpins this growth.

Within the industry, biotechnology and pharmaceutical companies are expected to lead the oligonucleotide synthesis market. These entities are increasingly leveraging oligonucleotides for disease treatment alternatives due to their cost-effectiveness and efficacy, thereby propelling the market forward.

1 Global Oligonucleotide Synthesis Market, by Product Type (2022-2029)
• Reagents & Consumables
• Equipment
• Synthesized oligonucleotides
• DNA oligonucleotides
• RNA oligonucleotides
• Others

2 Global Oligonucleotide Synthesis Market, by Application (2022-2029)
• Research
• Polymerase Chain Reaction (PCR)
• Next Generation Sequencing
• Therapeutics
• Antisense Oligonucleotides
• Nucleic Acid Aptamers
• Diagnostics
• Others

3 Global Oligonucleotide Synthesis Market, by End User (2022-2029)
• Hospital
• Pharmaceutical & Biotechnology Companies
• Diagnostic Laboratories
• CROs & CMOs
• Academic Research Institutes

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Who are Oligonucleotide Synthesis Market 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.

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Regional Insights:

Geographically, North America is expected to maintain its dominance in the oligonucleotide synthesis market. Meanwhile, the Asian market is forecasted to exhibit the highest growth rate, attributed to factors such as enhanced access to synthesized oligos, increased research funding, and burgeoning R&D activities. Countries like Japan and China stand out as attractive markets with significant growth potential, driven by robust investments in healthcare, genetics, and life sciences.

Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2022-2029
Industrial Manipulator Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation - A detailed analysis by Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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