Oligonucleotide Synthesis Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
Oligonucleotide Synthesis Market was valued at US$ 6.60 Bn in 2023 and is expected to reach 17.43 Bn by 2030, at a CAGR of 14.87% during the forecast period.
The report includes an analysis of the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Oligonucleotide Synthesis Market Dynamics:
The oligonucleotide synthesis market has found major development in the recent years and is anticipated to grow tremendously during the forecast period. Oligonucleotides are short sections of nucleic acids that are united utilizing enzyme chemistry and genetic engineering. These are utilized for diagnostics, therapeutic, and in addition industrial and academic. Oligonucleotides synthesis takes place technologically to give services to different end-users or independently by means of DNA synthesizers for self-utilization.
The global market for oligonucleotide synthesis may also face a restriction in its growth due to the lack of available resources. The oligonucleotide synthesis market is expected to witness limitations in the availability of funding for research in academic laboratories, which may hamper market revenue growth. Along with this, there are also a restricted number of market players existing in some regions and a shortage of skilled personnel. These factors may hinder the growth of research activities.
Oligonucleotide Synthesis Market Segment Analysis:
The synthesized oligos segment held the largest share of the market in 2023 and is expected to grow at the highest CAGR during the forecast period. Growth in this segment is attributed to the growing applications of synthesized oligos in therapeutics, research, and diagnostics.
The biotechnology & Pharmaceutical Companies segment is expected to lead the market for oligonucleotide synthesis. Pharmaceutical industries and biotechnology companies are focused on looking for alternative approaches for disease treatment. As a result, these companies are making major use of oligonucleotides, as it offers an effective mode of action for the treatment of several indications at comparatively lower development costs.
Oligonucleotide Synthesis Market Regional Insights:
North America is expected to hold the largest market size for the oligonucleotide synthesis globally. The Asian market size is expected to grow at the highest CAGR, mainly owing to the rising accessibility of synthesized oligos, along with a rise in R&D funding and activities in the region. Japan and China are considered the most attractive markets with respect to growth opportunities present in these countries. Additionally, changing economic scenario, along with high investments in healthcare, life science-related research programs, and genetics, has encouraged global players to enter the Asia Pacific market, thus helping its growth.
Recent developments in the market for oligonucleotide synthesis: In March 2018, Danaher Corporation publicized that they have acquired Integrated DNA Technologies. The main of the acquisition is to increase their business in the genomics market and with IDT to develop critical diagnostic tests and potential life-saving therapies. They want to provide consumers highest standards of quality, service, and technical expertise.
In February 2021, Integrated DNA Technologies announced that they have acquired GeneWorks Pty Ltd. The main goal of the acquisition is to expand its business in the Asia- Pacific regions. They want to provide high-quality products and services to the scientist around the world.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Oligonucleotide Synthesis Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Oligonucleotide Synthesis Industry Ecosystem
Oligonucleotide Synthesis Market, Key Highlights:
1. Global Oligonucleotide Synthesis Market analysis and forecast, in terms of value.
2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Oligonucleotide Synthesis Market
3. Global Oligonucleotide Synthesis Market segmentation on the basis of Product Type, Application, end-user, and region (country-wise) has been provided.
4. Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
5. Global Oligonucleotide Synthesis Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.
Oligonucleotide Synthesis Market Report Scope : Inquire before buying
| Oligonucleotide Synthesis Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 6.60 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 14.87% | Market Size in 2030: | US $ 17.43 Bn. |
| Segments Covered: | by Product Type | Reagents & Consumables Equipment Synthesized oligonucleotides DNA oligonucleotides RNA oligonucleotides Others |
|
| by Application | Research Polymerase Chain Reaction (PCR) Next Generation Sequencing Therapeutics Antisense Oligonucleotides Nucleic Acid Aptamers Diagnostics Others |
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| by End User | Hospital Pharmaceutical & Biotechnology Companies Diagnostic Laboratories CROs & CMOs Academic Research Institutes |
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Oligonucleotide Synthesis Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
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.
21. Kaneka Corporation (Japan)
22. Maravai Lifesciences Holdings, Inc. (US)
23. Azenta, Inc. (US)
24. Twist Bioscience Corporation (US)
Frequently Asked Questions:
1. Which region has the largest share in Global Oligonucleotide Synthesis Market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global Oligonucleotide Synthesis Industry?
Ans: The Market is expected to grow at a CAGR of 14.87% during forecast period 2024-2030.
3. What is scope of the Global Oligonucleotide Synthesis market report?
Ans: The report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Oligonucleotide Synthesis market?
Ans: The important key players in the Market are – Gilent Technologies, Adtbio, Bioautomation, Bio-Synthesis Inc., Eurofins Genomics, Eurogentec, GE Healthcare, Genscript, Genedesign, Integrated DNA Technologies, LGC Biosearch Technologies, Merck KGaA, Nitto Denko Avecia, Thermo Fisher Scientific, Trilink Biotechnologies, Agilent Technologies, Inc, Adtbio, Sarepta Therapeutics, Inc. (US), Danaher Corporation, GeneDesign, and Inc.
5. What is the study period of this market?
Ans: The Market is studied from 2023 to 2030.
