Uploaded on Nov 8, 2022
The report "Oligonucleotide Synthesis Market by Product (Drug, Synthesized Oligos (Primer, Probe), Reagents), Type (Custom, Predesign), Application (Therapeutic (ASO, siRNA), Research (PCR), Diagnostic), End User (Hospital, Pharma, CROs) - Global Forecast to 2026", is projected to reach USD 14.1 billion by 2026 from USD 6.3 billion in 2021, at a CAGR of 17.6% during the forecast period. The major factors driving the growth of this market include the increasing use of synthesized oligos in therapeutic applications, increasing government funding, and the growing focus on personalized medicine.
Oligonucleotide Synthesis - Global Size, Share, Trends, Analysis and Forecast 2022 – 2026
MarketsandMarkets
Presents
Oligonucleotide Synthesis Market worth $14.1 billion by 2026
https://www.marketsandmarkets.com/Market-Reports/oligonucleotide-synthesis-market-200
829350.html
The report "Oligonucleotide Synthesis Market by Product (Drug, Synthesized Oligos
(Primer, Probe), Reagents), Type (Custom, Predesign), Application (Therapeutic (ASO,
siRNA), Research (PCR), Diagnostic), End User (Hospital, Pharma, CROs) - Global
Forecast to 2026", is projected to reach USD 14.1 billion by 2026 from USD 6.3 billion
in 2021, at a CAGR of 17.6% during the forecast period. The major factors driving the
growth of this market include the increasing use of synthesized oligos in therapeutic
applications, increasing government funding, and the growing focus on personalized
medicine.
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Objectives of the Study:
• The hospital segment accounted for the largest share of the end user segment in
the oligonucleotide synthesis
• The PCR sub segment accounted for the largest share of the research application
segment
• The Asia Pacific region is the fastest growing region
In 2020, the Asia Pacific region accounted for the fasted growing region of
the oligonucleotide synthesis market. Factors such as growing R&D
funding, rising product availability, lower outsourcing costs, increasing
research activities, increasing applications of oligos in molecular
diagnostics & therapeutics, and the rising awareness of oligonucleotides
are expected to drive market growth.
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The study categorizes the oligonucleotide synthesis market into the
following segments and subsegments:
Oligonucleotide synthesis Market, by Product
• Oligonucleotide-based Drugs
• Synthesized Oligonucleotides
• By Product
• Primers
• Probes
• DNA Oligos
• RNA Oligos
• Other Synthesized Oligos
• By Type
• Customized Oligos
• Predesigned Oligos
• Reagents
• Equipment
Oligonucleotide synthesis Market, by Application
• Research Applications
• PCR
• Sequencing
• Other Research Applications
• Diagnostic Applications
Some of the leading players operating in the oligonucleotide synthesis market are
Danaher Corporation (US), Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany),
LGC Limited (UK), Maravai Life Sciences (US), and Agilent Technologies, Inc. (US). The
leading players in the oligonucleotide therapeutics market are Biogen Inc. (US) and
Sarepta Therapeutics, Inc. (US).
Companies Insight
Danaher is one of the key players in the oligonucleotide synthesis market, owing to its robust
product portfolio and brand recognition. The two largest acquisitions of IDT (US) and Cytiva (US)
enhanced Danaher’s oligonucleotide product offering. The company now offers synthesized
oligos such as primers & probes and the raw materials used to synthesize oligos such as reagents
and equipment. Danaher’s key growth strategy is introducing active product launches. For
instance, in 2019, the company launched the longest (up to 350 mers in length), high quality,
and ready-to-use custom oligo pools in the market. Such strategic developments help the
company sustain its position in the oligonucleotide synthesis market.
Thermo Fisher Scientific (US) led the oligonucleotide synthesis market with a share of 21.4% in
2020. The company has an exhaustive product portfolio consisting of primers, probes, custom
oligos, phosphoramidites, reagents, and custom oligo modification. It has adopted various
organic and inorganic growth strategies to strengthen its market position. For instance, in 2019,
Thermo Fisher supported BioNTechs (Germany) messenger RNA (mRNA) manufacturing platform
by supplying nucleotides, enzymes, reagents, and other critical raw materials to expand their
manufacturing capacities. Despite the pandemic, the company witnessed a substantial increase
in the revenue of its Life Sciences segment as compared to 2019. Increasing revenues in the
company’s business were primarily driven by the demand for COVID-19 testing with higher sales
of bioproduction products and genetic sciences, which include oligonucleotide products.
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Northbrook, IL 60062
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Press release:
https://www.marketsandmarkets.com/PressReleases/oligonucleotide-
synthesis.asp
Research insights:
https://www.marketsandmarkets.com/ResearchInsight/oligonucleotid
e-synthesis-market.asp
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