Published on : Aug 09, 2017
Albany, New York, August 9, 2017: In recent times, there is increased use of oligonucleotide synthesis due to increasing R&D expenditure in pharmaceutical and biotechnology companies. Also, rising focus on genetics and genomics in the research and diagnostics applications and increasing application of oligonucleotides in therapeutics is escalating the oligonucleotide synthesis market growth, globally. To elaborate further on this rapidly growing market, a new study titled “Oligonucleotide Synthesis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025” has been added to the online research repository of Market Research Hub (MRH). This 187 pages research study analyzes the current and future prospects of the market by covering five major regions, which are Europe, Latin America, Middle East & Africa, Asia-Pacific and North America.
According to the study key highlights, the global oligonucleotide synthesis market forecasted to expand at a strong 11.2% CAGR during the period of 2017 to 2025 to attain a value of US$4.189 bn by 2025 from US$1.65 bn in 2016. These findings have been presented in a vital section of the report which comprises qualitative analysis of the overall oligonucleotide synthesis market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis and market attractiveness analysis. Analysts find that the oligonucleotide synthesis market is the highly growing market in developed and developing countries due to the fast growing life science industry.
Oligonucleotide synthesis is the chemical synthesis of relatively short fragments of nucleic acids with defined chemical structure/sequence. They are used in research, genetic testing and forensics. Further, the report adds that technological advancements have led to the development of oligonucleotide synthesis products. Depending upon the type of products, the global oligonucleotide synthesis market can be divided into reagents and consumables, equipment, and synthesized oligonucleotides. From a geographical perspective, the market is dominated by North America, which is expected to retain its leading share. The market size and forecast in terms of revenue (US$ million), for each of these segments, and the sub-segments have been provided for the period 2015 to 2025.
Moreover, the report highlights major applications of Oligonucleotide synthesis which are research, diagnostics and therapeutics. Of these, he therapeutic segment is fast growing segment by application over the forecast period owing to rising application of oligonucleotides in therapeutics. It has been analyzed that Oligonucleotide synthesis helps in offering personalized solutions to ill patients. With the advancement in oligonucleotide synthesis, patients can be treated and diagnosed more precisely and effectively, meeting their individual needs.
Finally, the report concludes with the profiles of major players in the global oligonucleotide synthesis market such as Thermo Fisher Scientific, Sigma-Aldrich Corporation (a part of Merck KGaA), Integrated DNA Technologies, GE Healthcare, Kaneka Eurogentec S.A., Agilent Technologies, Applied Biosystems, BioAutomation, Eurofins Genomics, Gene Design, Inc. among others.
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