ALBANY, N.Y., Oct. 6, 2020
- Research application to be a highly lucrative segment, and demand for customized oligonucleotides for therapeutics and diagnostics applications to rise at rapid pace, where DNA oligonucleotides and RNA oligonucleotides are extensively-used segment
- Big strides in life-sciences industry make North America a prominent regional market, global market to reach US$ 4,511.3 Mn by 2027-end
ALBANY, N.Y., Oct. 6, 2020 /PRNewswire/ -- Advances made in the chemistries of synthesis of oligonucleotide have spurred its prospects in research, and numerous commercial biotech and life-sciences applications. Biotech and pharmaceutical companies expending on research to develop molecules of higher fidelity and longer molecules.
The global oligonucleotide synthesis market was pegged at US$ 1,966.2 Mn in 2018, and is projected to expand at CAGR of 9.5% from 2019 to 2027. A number of molecular biology applications will expand the revenue potential for players in the market.
Key Findings of Oligonucleotide Synthesis Market Report
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Oligonucleotide Synthesis Market: Key Driving Factors and Promising Avenues
Explore 187 pages of top-notch research, incisive insights, and detailed country-level projections on Oligonucleotide Synthesis Market (Product - Reagents & Consumables, Equipment, and Synthesized Oligonucleotides (DNA Oligonucleotides and RNA Oligonucleotides); Application - Research (Polymerase Chain Reaction and Next Generation Sequencing), Therapeutics (Antisense Oligonucleotides, and Nucleic Acid Aptamers), and Diagnostics; End User - Biotechnology & Pharmaceutical Companies, Research Institutes, and Diagnostic Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/11804
Key Impediments to Oligonucleotide Synthesis Market Stakeholders
Despite the vast strides being made in the chemistries of organic molecules, the synthesis of oligonucleotide of longer chains and of good fidelity is difficult. There are significant risks of side effects, which heavily limit the commercial production of oligonucleotide of remarkable length. However, in coming years, researchers will be leaning on adopting new approaches pertaining to research and development of the synthesis of RNA analogs.
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Oligonucleotide Synthesis Market: Regional Landscape
Geographically, North America is a substantially lucrative market. Tens of scores of oligonucleotides are undergoing clinical trials in the U.S. Over the past few years, large strides have been made in life-sciences and biotech sectors, spurring the adoption of newly synthesized oligonucleotides. Rise in uptake in molecular biology application is also boosting the growth in the North America oligonucleotide synthesis market.
On the other hand, Asia Pacific is showing remarkable revenue potential. The demand for new biotechnology molecules and research in personalized medicine will fuel the revenue potential of this regional market in coming years.
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The Oligonucleotide Synthesis Market can be segmented as follows:
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