Press release
Oligonucleotide Synthesis Market to Surge, Projected to Reach US$ 17.43 Billion by 2030
๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐThe global Oligonucleotide Synthesis Market, valued at US$ 6.60 billion in 2023, is on a robust growth trajectory, expected to reach an impressive US$ 17.43 billion by 2030. This remarkable expansion, driven by a compound annual growth rate (CAGR) of 14.87%, reflects the increasing demand for oligonucleotides across various sectors including diagnostics, therapeutics, industrial applications, and academic research.
๐๐ง๐๐จ๐ฏ๐๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/31248/
๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Oligonucleotides, short strands of nucleic acids synthesized using enzyme chemistry and genetic engineering, are indispensable in modern biotechnology. They are crucial for diagnostic tests, therapeutic interventions, and research. The surge in demand for high-quality oligonucleotides has propelled the market's growth.
However, the market faces challenges such as limited resources, inadequate funding for academic research, and a shortage of skilled personnel. Despite these hurdles, the market continues to thrive due to significant investments from pharmaceutical and biotechnology companies.
๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
North America holds the largest market share in the global oligonucleotide synthesis market, driven by substantial investments in healthcare and life sciences research. The region's well-established infrastructure and significant R&D activities contribute to its dominance.
The Asia Pacific region, however, is expected to experience the highest growth rate. Rising accessibility to synthesized oligos, increased R&D funding, and activities in countries like Japan and China make this region particularly attractive for market expansion. Global players are increasingly investing in the Asia Pacific market, further accelerating its growth.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
The oligonucleotide synthesis market has seen notable advancements and strategic acquisitions:
March 2018: Danaher Corporation acquired Integrated DNA Technologies, aiming to enhance its presence in the genomics market and develop critical diagnostic tests and potential life-saving therapies.
February 2021: Integrated DNA Technologies expanded its footprint in the Asia Pacific region by acquiring GeneWorks Pty Ltd. This move aims to provide high-quality products and services to scientists globally.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: (๐๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐, ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐๐ฅ๐๐ฌ & ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ, ๐๐ก๐๐ซ๐ญ) : https://www.maximizemarketresearch.com/request-sample/31248/
๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Reagents & Consumables
Equipment
Synthesized oligonucleotides
DNA oligonucleotides
RNA oligonucleotides
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Research
Polymerase Chain Reaction (PCR)
Next Generation Sequencing
Therapeutics
Antisense Oligonucleotides
Nucleic Acid Aptamers
Diagnostics
Others
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Hospital
Pharmaceutical & Biotechnology Companies
Diagnostic Laboratories
CROs & CMOs
Academic Research Institutes
The market for oligonucleotide synthesis is anticipated to be led by the biotechnology & Pharmaceutical Companies segment. Companies in the biotechnology and pharmaceutical sectors are concentrating on finding alternate methods of treating illnesses. Because oligonucleotides provide an efficient mechanism of action for the treatment of several indications at relatively lower development costs, these businesses are consequently heavily utilizing them.
๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The oligonucleotide synthesis market is set for significant growth, driven by technological advancements and increasing demand across various sectors. Stakeholders can leverage the comprehensive insights provided in the report to make informed decisions and capitalize on emerging opportunities in this dynamic market.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ : https://www.maximizemarketresearch.com/market-report/global-oligonucleotide-synthesis-market/31248/
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข Detailed global market analysis and forecast, in terms of value.
โข In-depth study of market drivers, restraints, and opportunities.
โข Comprehensive segmentation by product type, application, end-user, and region.
โข Strategic analysis of individual growth trends and future prospects.
โข Competitive analysis of key players, including their strategic perspective and core competencies.
โข Profiles of major industry players, strategic developments, and investment insights.
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐ข๐ ๐จ๐ง๐ฎ๐๐ฅ๐๐จ๐ญ๐ข๐๐ ๐๐ฒ๐ง๐ญ๐ก๐๐ฌ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ฌ:
What is Oligonucleotide Synthesis?
What is the growth rate of the Oligonucleotide Synthesis Market?
Which are the factors expected to drive the Oligonucleotide Synthesis market growth?
What is the CAGR at which the Oligonucleotide Synthesis market will grow during the forecast period?
What are the different segments of the Oligonucleotide Synthesis Market?
Which is the fastest-growing region in the Oligonucleotide Synthesis market?
What growth strategies are the players considering to increase their presence in Oligonucleotide Synthesis?
What are the upcoming opportunities and trends for the Oligonucleotide Synthesis Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Oligonucleotide Synthesis Market?
Who are the leading companies and what are their portfolios in Oligonucleotide Synthesis Market?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments 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
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