Advances in Oligonucleotide Synthesis Market Pave Way to Longer Molecules of High Fidelity, Global Valuation to Rise at CAGR of 9.5% from 2019 to 2027

Advances in Oligonucleotide Synthesis Market Pave Way to Longer Molecules of High Fidelity, Global Valuation to Rise at CAGR of 9.5% from 2019 to 2027

PR Newswire

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.

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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:

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Analytical Standards Market: According to Transparency Market Research's latest market report on the global analytical standards market for the historical period of 2017 - 2018 and forecast period of 2019 - 2027, rise in the number of researches in the life science industry and increase in regulations regarding pharmaceutical and biotechnology manufacturing are anticipated to drive the global market over the period of forecast

Multiplex Assays Market: The global multiplex assays market is anticipated to reach US$ 4,277.31 Mn by 2026, expanding at a CAGR of 7.90% from 2018 to 2026. Expansion of the market can be attributed to the advantages offered by multiplex assays over singleplex assays, rising prevalence of infectious diseases and cancer that can be detected easily at earlier stages, government and private funding for carrying out research, and strategic acquisitions among market players to enhance the reach of the multiplex assay kits

Biotherapeutics Cell Line Development Market: Regulatory changes, introduction of new technologies, and advent of an array of innovative concepts have played a key role in influencing the overall growth of the global biotherapeutics cell line development market over the past few years– a trend that is expected to continue during the forecast period

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