Increasing R&D investments in oligonucleotide synthesis by leading market players is driving the global oligonucleotide synthesis market says, Fortune Business Insights in a report, titled “Oligonucleotide Synthesis Market Size, Share and Global Trend By-Products (Drugs, Probes, Linkers, Adapters, Reagents, Others), By Application (DNA Sequencing and Amplification (PCR), Detecting Complementary DNA or RNA Via Hybridization, Synthesis of Artificial Genes, Genetic Mutations, Others), By End User (Research Institutes, Diagnostic Laboratories, Pharmaceuticals Industries, Biotechnology Companies), and Geography Forecast till 2026.” The reduced cost of the new microchip-based oligonucleotide synthesis is predicted to promote the growth of the global oligonucleotide synthesis market.
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Increasing Acquisitions and Partnerships Among Leading Pharmaceutical Companies Will Create Growth Opportunities
The utilization of DNA microarray with the combination of oligonucleotide for diagnostics, therapeutics and new microchip-based oligonucleotide synthesis has helped in the cost reduction of oligonucleotide synthesis. This factor is expected to drive the global oligonucleotide synthesis market during the forecast period. The escalating R&D investments by key players along with numerous strong pipeline candidates are predicted to contribute positively to the global oligonucleotide synthesis revenue. Further, partnerships and acquisitions among leading pharmaceutical companies and research institutes are likely to support the growth of the oligonucleotide synthesis market. For instance, in 2017, CordenPharma International signed an agreement with GE Healthcare Dharmacon Inc. for the development of an end-to-end oligonucleotide-based drug discovery solution. Moreover, reduction in the cost of sequencing and advent of novel techniques in oligonucleotide synthesis is predicted to augment growth of the oligonucleotide synthesis shares in the forthcoming year. However, lack of funding in research and development sectors in the emerging countries is likely to restrict the oligonucleotide synthesis market growth.
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Global Oligonucleotide Synthesis Market Segmentation
- DNA Sequencing and Amplification (PCR)
- Detecting Complementary DNA or RNA Via Hybridization
- Synthesis of Artificial Genes
- Genetic Mutations
By End User
- Research Institutes
- Diagnostic Laboratories
- Pharmaceuticals Industries
- Biotechnology Companies
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Some of the major companies that are present in the global oligonucleotide synthesis market report include
- Agilent Technologies.,
- ATDBio Ltd.,
- Eurofins Genomics.,
- Integrated DNA Technologies Inc.,
- LGC Biosearch Technologies,
- Merck KGaA,
- Nitto Denko Avecia,
- Thermo Fisher Scientific
Highlights of the Report
- In-depth analysis of various insights, namely, Oligonucleotide Synthesis Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and market shares.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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