The global Oligonucleotide Synthesis Market is forecasted to be worth USD 9.91 Billion by 2027, according to a current analysis by Emergen Research. The rising need for sophisticated treatment techniques can be linked to the swift expansion of the worldwide oligonucleotide synthesis industry. Additionally, it is anticipated that increased research in the pharmaceutical and biotechnology sectors will fuel market expansion. Additionally, over the anticipated timeframe, the expanding applications of synthesised oligonucleotides are also predicted to support market expansion.
It is projected that the absence of uniform regulations for the safe application of synthesised oligonucleotides will impede market expansion during the anticipated period.
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The report further sheds light on the competitive landscape of the Oligonucleotide Synthesis market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key companies profiled in the report include:
GeneDesign, Inc., Sarepta Therapeutics, Inc., Thermo Fisher Scientific, Inc., Bio-Synthesis, Inc., Agilent Technologies, Inc., Biogen Idec International GmbH, Nitto Denko Avecia, Inc., ATDBio Ltd, Integrated DNA Technologies, Inc., and GenScript, Inc. among others.
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Key Highlights from the Report:
Leading provider of integrated genomics solutions Integrated DNA Technologies has announced the inauguration of a new production facility in the Research Triangle Park of North Carolina for May 2020. The facility increases IDT’s manufacturing capacity and will offer its product line with industry-leading turnaround times in the east coast of the United States. Additionally, Integrated DNA Technologies designed the North Carolina facility for the initial product development in response to the COVID-19 pandemic to support its clients’ COVID-19 analysis and testing activities.
With a CAGR of 13.0% during the forecast period, the research segment is expected to dominate the market. The expansion of academic research institutions’ genome research initiatives contributed to the industry’s dominant position.
The hospital sector is anticipated to control the greatest market. The market is expanding in this sector to fulfil the demands of the enormous number of individuals suffering from chronic diseases, which is driven by the increased number of inpatient and outpatient hospitalizations as well as the growing need for oligonucleotide medications.
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global Oligonucleotide Synthesis Market on the basis of product, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Linkers
Synthesized Oligonucleotides
Equipment
Probe
Adaptor
Reagent
Application Outlook (Revenue, USD Billion; 2017-2027)
Therapeutic
Research
Diagnostics
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Pharmaceutical
Hospitals
Biotechnology
Laboratories
The Global Oligonucleotide Synthesis Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Oligonucleotide Synthesis market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report covers the analysis of the factors anticipated to drive the Global Oligonucleotide Synthesis Market growth over the forecast period of 2020-2027. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2019 as the base year and 2017-2018 as the historical years. It puts examines the drivers and restraints of the Oligonucleotide Synthesis market and analyzes their impact on the industry throughout the forecast period.
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