Oligonucleotide Synthesis by Product, Application, End-User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global oligonucleotide synthesis market was valued at $51.97 billion in 2020. It is projected to reach $26.099 billion by 2030, registering a CAGR of 17.10% from 2021 to 2030.

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Increase in government support and robust research for synthetic biology and genome projects is a major factor driving the market growth. Additionally, R&D spending among pharmaceutical and biotechnology companies to produce oligonucleotide products with enhanced therapeutic potential and fewer side effects is driving the growth of the oligonucleotide synthesis market.

Increase in applications of synthesized oligonucleotides in molecular diagnostics and clinical applications as well as increase in demand for high-end customized oligos and improvement in purification of synthetic oligonucleotides are driving the growth of oligonucleotide synthesis market.

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North America accounted for the largest share of the global oligonucleotide synthesis market in 2020 and is expected to remain dominant throughout the forecast period. It is attributed to growth in R&D in life sciences, focus on improving the safety and quality of healthcare, increased demand for high-quality research tools for data reproducibility, and a focus on developing personalized therapeutics.

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๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ:

  • Based on product, the oligonucleotide-based drugs held the largest share in the global market in 2020.
  • On the basis of application, the therapeutic application held the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • By end user, the hospitals segment held the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
  • Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 16.00% during the forecast period.

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