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Oligonucleotide Synthesis Market, Current Demand and Trends, Growth, New Opportunity Assessment 2023 - 2032
Oligonucleotide Synthesis Global Market
The Business Research Company's Oligonucleotide Synthesis Global Market Report 2023 identifies The rising prevalence of chronic diseases as the major driver for the Oligonucleotide Synthesis market's growth in the forecast period. Chronic diseases refer to conditions that last one year or longer and require continuous medical attention, which may worsen over time. Oligonucleotides, via various mechanisms, act on gene expression that causes chronic diseases. They can target mRNA, pre-mRNA, or non-coding RNA to modulate splicing events, induce degradation, or interfere with protein translation.
The global oligonucleotide synthesis market is expected to grow from $6.1 billion in 2022 to $7.08 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oligonucleotide synthesis market is expected to reach $12.74 billion in 2027 at a CAGR of 15.8%.
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Major competitors in the Oligonucleotide Synthesis market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE HealthCare Technologies Inc., Eurofins Scientific SE, Agilent Technologies Inc., Nitto Denko Avecia Inc.
A key trend in the Oligonucleotide Synthesis market includes Product innovation. Major companies operating in the oligonucleotide synthesis market are developing innovative products to sustain their position in the market.
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The Oligonucleotide Synthesis market is segmented -
1) By Type: Custom Oligos, Predesigned Oligos
2) By Product Type: Oligonucleotides, Reagents, Equipment, Services, Purification, Modification
3) By Application: Therapeutic Applications, Research Applications, Diagnostic Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Oligonucleotide Synthesis market.
The Business Research Company's "Global Oligonucleotide Synthesis Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Oligonucleotide Synthesis Market Include:
1. Executive Summary
2. Oligonucleotide Synthesis Market Characteristics
3. Oligonucleotide Synthesis Market Trends And Strategies
4. Oligonucleotide Synthesis Market - Macro Economic Scenario
5. Oligonucleotide Synthesis Market Size And Growth
……
27. Oligonucleotide Synthesis Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oligonucleotide Synthesis Market
29. Oligonucleotide Synthesis Market Future Outlook And Potential Analysis
30. Appendix
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