Oligonucleotide Synthesis Market Scope
The chemical synthesis of relatively small nucleic acid fragments with a known chemical structure (sequence) is known as oligonucleotide synthesis. The method is very helpful in modern laboratory practice since it gives quick, low-cost access to oligonucleotides manufactured to order with the necessary sequence. Chemical oligonucleotide synthesis does not have this restriction, even though it is typically carried out in the opposite, 3' to 5' direction, whereas enzymes can only manufacture DNA and RNA in a 5' to 3' direction.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Alnylam Pharmaceuticals, Inc., Biogen Inc., Danaher Corporation, Eurofins Scientific, Ionis Pharmaceuticals, Inc., Kaneka Corporation, Diagenode, LGC Limited, Merck KGAA, Sarepta Therapeutics, Inc. and Thermo Fisher Scientific, Inc. |
CAGR | % |
The competitive landscape for the oligonucleotide synthesis industry gives information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Oligonucleotide Synthesis market throughout the predicted period.
Alnylam Pharmaceuticals, Inc., Biogen Inc., Danaher Corporation, Eurofins Scientific, Ionis Pharmaceuticals, Inc., Kaneka Corporation, Diagenode, LGC Limited, Merck KGAA, Sarepta Therapeutics, Inc. and Thermo Fisher Scientific, Inc. are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Oligonucleotide Synthesis market by Type , by Application (Therapeutic, Research and Diagnostic) and Region with country level break-up.
On the basis of geography, the market of Oligonucleotide Synthesis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
In 2021, Diagenode launched a new small RNA-sequencing solution, D-Plex Small RNA DNBSEQ Kit for MGI's DNBSEQ sequencers. The kit includes unique D-Plex technology for library construction, allowing for great performance with ultralow RNA inputs and identification of different tiny RNA transcripts.
For instance, the "Genome India Project" (GIP) launched by the Department of Biotechnology (DBT) in January 2020. To create a reference genome, the project intends to gather 10,000 genetic samples from Indian residents throughout the country. Precision health, rare genetic illnesses, the spectrum of genetic and complex diseases in the Indian population, genetic epidemiology of multifactorial lifestyle diseases, and translational research are some of the project's key focal areas. Furthermore, important players in this developing region open up a promising market for oligonucleotide synthesis
Influencing Trend:
Growing applications of synthesized oligonucleotides in molecular diagnostics & clinical applications
Market Growth Drivers:
An increase in government funding for DNA studies, synthetic biology initiatives, and rigorous research and R&D expenditure in pharmaceutical and biotechnology companies
Restraints:
Complexities associated with therapeutic oligos and Challenging delivery of oligonucleotide drugs to specific targets
Opportunities:
Growth opportunities in emerging economies and Rise in focus on personalised medicine
Key Target Audience
Oligonucleotide Therapeutics Society, Bespoke Oligonucleotide Synthesis Service and Partnerships, Indian Medical Association, Department of Biotechnology and Others