Global Oligonucleotide Synthesis Market 2022-2028
Oligonucleotide synthesis is the chemical process by which nucleotides are specifically linked to form the desired sequenced product. The technique is extremely useful in current laboratory practice because it provides a rapid and inexpensive access to custom-made oligonucleotides of the desired sequence. Garnering a CAGR of 9.7% from 2022 to 2028, the global oligonucleotide synthesis market is projected to reach worth of USD 10,989 million by 2028-end, according to a new report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global oligonucleotide synthesis market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the oligonucleotide synthesis industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, end user, and region. The global market for oligonucleotide synthesis can be segmented by product: oligonucleotide drugs, synthesized oligonucleotides, reagents, equipment, services. The oligonucleotide drugs segment held the largest share of the global oligonucleotide synthesis market in 2021 and is anticipated to hold its share during the forecast period. Oligonucleotide synthesis market is further segmented by application: diagnostics, therapeutics, research. Globally, the research segment made up the largest share of the oligonucleotide synthesis market. Based on end user, the oligonucleotide synthesis market is segmented into: pharmaceutical & biotechnology companies, diagnostic laboratories, academic research institutes. The academic research institutes segment was the largest contributor to the global oligonucleotide synthesis market in 2021. On the basis of region, the oligonucleotide synthesis market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW). North America is estimated to account for the largest share of the global oligonucleotide synthesis market.
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