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Rapid Growth Ahead for Global Oligonucleotide Synthesis Market: Key Players, Emerging Trends, and Forecast to 2029
Oligonucleotide Synthesis Market Share
What Is The Projected Market Size Of The Global Oligonucleotide Synthesis Market And Its Growth Rate?
Striking advancements in biomedical research and biotechnology are propelling the oligonucleotide synthesis market ahead. Key future projections include:
•2024 Market Size: $10.33 billion
•2025 Market Size: $11.94 billion (15.6% CAGR)
•2029 Market Size: $22.29 billion (16.9% CAGR)
Promising growth factors include emerging diagnostic tools, RNAi therapies, regenerative medicine, advancements in gene editing, and nanotechnology applications.
What Is Driving The Growth In The Oligonucleotide Synthesis Market?
The substantial growth in the oligonucleotide synthesis market is largely attributed to the increasing prevalence of chronic diseases globally. Chronic diseases necessitate continuous medical attention, often getting progressively worse over time. Oligonucleotides come into play here, acting on gene expression that causes these diseases. They target mRNA, pre-mRNA, or non-coding RNA to induce degradation, modulate splicing events or interfere with protein translation. According to the World Health Organization, chronic diseases or non-communicable diseases (NCDs) cause 74% of all global deaths annually, amounting to 41 million fatalities. Thus, the rising prevalence of chronic and rare diseases is a significant factor propelling the growth of the oligonucleotide synthesis market.
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Who Are the Key Players Driving Oligonucleotide Synthesis Market Growth?
The major market contenders include:
•Thermo Fisher Scientific Inc.
•Danaher Corporation
•Merck KGaA
•GE HealthCare Technologies Inc.
•Eurofins Scientific SE
•Agilent Technologies Inc.
•Nitto Denko Avecia Inc.
•Alnylam Pharmaceuticals Inc.
•Maravai Life Sciences
•LGC Limited
These key players are known for their substantial contribution to the swift advancements within this market.
What Are The Key Trends In The Oligonucleotide Synthesis Market?
Major current trends include:
•Targeted drug development
•Innovative delivery systems
•Automated synthesis
•CRISPR-cas technology
•Next-generation sequencing (NGS)
What Are The Segments Of The Global Oligonucleotide Synthesis Market?
The oligonucleotide synthesis market is categorized into the following segments:
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
Which Region Leads The Oligonucleotide Synthesis Market?
North America was the largest region in the oligonucleotide synthesis market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regional coverage in the report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Oligonucleotide Synthesis Market Global Market Report?
- Market Size Analysis: Analyze the Oligonucleotide Synthesis Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oligonucleotide Synthesis Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oligonucleotide Synthesis Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oligonucleotide Synthesis Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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