Rise in government investments and R&D expenditure in pharmaceutical & biotechnology companies, increase in use of synthesized oligonucleotides in molecular diagnostics and clinical applications, and surge in demand for high end customized oligos and upgradation in purification drive the growth of the global oligonucleotide synthesis market. However, challenging delivery of oligonucleotide drugs to specific targets and complexities associated with therapeutic oligos hinder the market growth. On the contrary, rise in focus on personalized medicines and potential in the developing economies are expected to open lucrative opportunities for the market players in the
According to the report published by Allied Market Research, Global Oligonucleotide Synthesis Market Size was Valued at USD 5.19 billion in 2020, and is Projected to Garner USD 26.09 billion by 2030, witnessing a CAGR of 17.1% from 2021 to 2030.
The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market
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Top Key Players of Oligonucleotide Synthesis Market: –
- Alnylam Pharmaceuticals, Inc.
- Danaher Corporation
- Biogen Inc.
- Ionis Pharmaceuticals, Inc.
- Eurofins Scientific
- LGC Limited
- Kaneka Corporation
- Sarepta Therapeutics, Inc.
- Merck KGAA
- Thermo Fisher Scientific, Inc.
Global Oligonucleotide Synthesis Market Segmentation –
BY PRODUCT
• Oligonucleotide-based drugs
• Synthesized oligonucleotides
• Reagents
• Equipment
BY APPLICATION
• Therapeutic applications
• Research applications
• Diagnostic applications
BY END USER
• Hospitals
• Pharmaceutical & biotechnology companies
• Diagnostic laboratories
• CROs and CMOs
• Academic research institutes
By region, the global oligonucleotide synthesis market across North America held the largest share in 2020, accounting for more than one-third of the market. This is due to rise in R&D in life sciences, surge in focus on improving the safety & quality of healthcare, increase in demand for high-quality research tools for data reproducibility, and surge in focus on developing personalized therapeutics.
However, the market across Asia-Pacific is expected to register the highest CAGR of 18.8% during the forecast period, owing to expanding healthcare infrastructure, surge in government support and investment, and economic development in the region.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in the coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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