The global oligonucleotide synthesis market is valued at USD 1.33 Billion in 2016 and is projected to reach USD 2.46 Billion by 2022, at a CAGR of 10.9%. The study estimates the market size for 2017 and projects its demand till 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report.
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Oligonucleotide Synthesis Market is experiencing significant growth due to increasing research activities in pharma and biotech sectors and rising demand for innovative diagnostic and therapeutic techniques. Growth in this market is mainly driven the increasing R&D expenditure by pharmaceutical and biotechnology companies, rising demand for synthesized oligonucleotides from the growing field of molecular diagnostics, rising venture capital investments, and increasing demand for synthetic genes.
Target Audience for this Report:
- Life science instrumentation and reagent companies
- Pharmaceutical and biotechnology companies
- Hospitals and clinics
- Academic researchers and government research organizations
- Private research institutes
- Custom oligonucleotide service providers
- Contract manufacturing organizations (CMOs)
- Oligonucleotide equipment manufacturers
- Contract research organizations (CROs)
- Market research and consulting firms
- Venture capitalists
The Oligonucleotide Synthesis Market study estimates market size for 2017 and projects its demand till 2022.
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In primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for report. Primary sources from demand side include research scientists, biotechnologists, synthetic biologists, and academic research institutes.
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Oligonucleotide Synthesis market is segmented into academic research institutes, pharmaceutical and biotechnology companies, diagnostic laboratories, and other end users. The academic research institutes segment is expected to dominate market during forecast period.
With the increasing funding pouring into institutes to conduct research, demand for oligonucleotides is bound to increase.
1 Attractive Opportunities in Oligonucleotide Synthesis Market
2 Oligonucleotides Synthesis Market, By Synthesized Oligonucleotides Products
3 Market, By Synthesized Oligonucleotides Type
4 Europe: Market, By Research Application and Country
5 Oligonucleotide Synthesis Market, By Therapeutic Application
6 Market, By End User
7 Geographic Snapshot: Market
The oligonucleotide synthesis market is highly competitive with the presence of several small and big players. Prominent players in the market include Integrated DNA Technologies (IDT) (US), Sigma-Aldrich Corporation (US) (part of Merck KGaA), Eurogentec (Belgium), Eurofins Genomics (Germany), Agilent Technologies (US), Thermo Fisher Scientific (US), BioAutomation (US), LGC Biosearch Technologies (US), GeneDesign (Japan), GE Healthcare (US), TriLink BioTechnologies (US), GenScript (China), Nitto Denko Avecia (US), ATDBio (UK), Bio-Synthesis (US), IBA GmbH (Germany), Gene Link (US), and AITbiotech Pte.
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In 2017, North America is expected to dominate the market followed by Europe. Asia Pacific is expected to grow at the highest CAGR during the forecast period.
This can be attributed to factors such as the growing availability of synthesized oligos, along with an increase in R&D funding and activities in the APAC region.
The increasing focus of prominent players on APAC is also supporting market growth in the region. However, price erosion and a lack of regulations for therapeutic oligonucleotides could hinder the growth of this market to a certain extent.
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