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Chemical synthesis of short fragments of nucleic acids is defined as oligonucleotide synthesis. Oligonucleotide synthesis provides many applications such a DNA sequencing, synthesis of artificial genes, and diagnostics of many diseases associated with a genetic mutation. Developments in oligonucleotide synthesis and growing research activities in synthetic as well as biology sector are some of the factors driving the global oligonucleotide synthesis market growth.
The more prominent use of DNA microarray technology with the use of oligonucleotide for diagnostics therapeutics and new microchip-based oligonucleotide synthesis has reduced the cost of synthesis of the oligonucleotide, and these factors are anticipated to boost the global oligonucleotide synthesis market growth during the projected period.
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Oligonucleotide synthesis market growth is being driven by growing research activities, many strong pipeline candidates, and growing actuations and partnerships of may pharmaceutical companies and research institutes. 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. Also, reduction in the cost of sequencing and advent of novel techniques in oligonucleotide synthesis is anticipated to enhance the growth in oligonucleotide synthesis market during the forecast period.
However, the lack of funding in research and development sectors in the emerging nations is likely to hamper the oligonucleotide synthesis market growth during the forecast period.
Some of the major companies that are present in the global oligonucleotide synthesis market report include Agilent Technologies., ATDBio Ltd., Eurofins Genomics., Eurogentec., Genscript, Integrated DNA Technologies Inc., LGC Biosearch Technologies, Merck KGaA, Nitto Denko Avecia, Thermo Fisher Scientific and others.
• 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)
As per the oligonucleotide synthesis market trends, oligonucleotide drugs among product segmentation are anticipated to hold the largest market share in the forecast period as they can target specific genes, which help in the development of personalized medicine.
The global oligonucleotide synthesis market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to dominate the global oligonucleotide synthesis market during the projected period owing to the emerging guidelines, high investments in research activities in the development of novel oligonucleotides, and growing adoption of novel technologies. In Asia Pacific the global oligonucleotide synthesis market is anticipated to grow at a significant rate during the forecast period owing to the growing demand of diagnostic tools and rising awareness of the emerging oligonucleotide synthesis technique by many research organizations.
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