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Oligonucleotide Synthesis Market Size - Research Report 2023

The market is mainly driven by advancements in oligonucleotide synthesis technologies, favorable government regulations, growing research activities in synthetic biology, and rising prevalence of cancer and infectious diseases.

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Oligonucleotide Synthesis Market Size - Research Report 2023

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  1. Oligonucleotide Synthesis Market to Reach $2.8 Billion by 2023

  2. Global oligonucleotide synthesis market is expected to reach $2.8 billion by 2023, the market is mainly driven by advancements in oligonucleotide synthesis technologies, favorable government regulations, growing research activities in synthetic biology, and rising prevalence of cancer and infectious diseases Explore report at: https://www.psmarketresearch.com/market-analysis/oligonucleotide-synthesis-market Based on offering, the oligonucleotide synthesis market is classified into synthesized oligonucleotides, reagents and consumables, and equipment. During the historical period, synthesized oligonucleotides held the largest share in the market, accounting for 76.3% in 2017. “

  3. Based on application, the oligonucleotide synthesis market is categorized into research, diagnostics, and therapeutics. Of these, the fastest growth in the market during the forecast period is expected from research applications, with a CAGR of 11.1%. On the basis of end user, the market is categorized into academic research institutes, diagnostic laboratories, pharmaceutical and biotechnology companies, and others. Others primarily include food and beverage companies and forensic laboratories. Academic research institutes are expected to continue holding the largest share in the oligonucleotide synthesis market in the coming years. They accounted for 40.4% share in the market in 2017. Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=oligonucleotide-synthesis-market

  4. In order to increase their market share, key players of the oligonucleotide synthesis industry are seeking partnerships and acquisitions. For instance, in May 2018, LGC Biosearch Technologies Inc. (LGC) acquired BioAutomation Corporation (BioAutomation), a manufacturer of MerMadeoligo synthesis instruments. The acquisition followed LGC’s acquisitions of Biosearch, Prime Synthesis, and LINK Technologies, and is expected to further drive the company’s growth in the oligonucleotide reagent and synthesized oligonucleotide markets. Request for report sample at: https://www.psmarketresearch.com/market-analysis/oligonucleotide-synthesis-market/report-sample In March 2018, Thermo Fisher Scientific Inc. (Thermo Fisher), acquired IntegenX Inc., a provider of rapid DNA platforms for use in forensics and law enforcement applications. IntegenX products have significantly enhanced Thermo Fisher's existing human identification (HID) portfolio and complemented its leading human identification chemistries, and qPCR and capillary electrophoresis systems.

  5. Some of the other key players operating in the oligonucleotide synthesis industry are General Electric Company, Merck KGaA, Eurofins Scientific SE, Integrated DNA Technologies Inc., GeneDesign Inc., Trilink Biotechnologies LLC, Nitto Denko Avecia Inc., and Kaneka Eurogentec S.A.

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