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Global Oligonucleotide Synthesis Market Worth $2.9 Billion by 2024

DUBLIN, May 14, 2019 /PRNewswire/ -- The "Oligonucleotide Synthesis Market by Product (Primer, Probe, Linker, Adaptor, Custom, Reagent, Equipment), Application (PCR, DNA, RNAi, Research, Therapeutic), End User (Academic, Pharmaceutical, Biotechnology) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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Global oligonucleotide synthesis market is expected to reach $2.9 billion by 2024, at a CAGR of 10.5% during the forecast period of 2019 to 2024.

The growth in oligonucleotide synthesis market is mainly attributed to the growing adoption of synthesized oligonucleotides in diagnostics and clinical applications, rising R&D expenditure and government investment in pharmaceutical and biotechnology companies, plummeting cost of sequencing, increasing public-private spending on genomics, and rising venture capital investments/funding.

However, factors such as lack of regulations for commercialization of therapeutic oligos, and price erosion of synthesized oligonucleotides are likely to hinder the market growth. Moreover, emerging Asian markets are likely to provide significant growth opportunities. Also, large-scale synthesis of oligonucleotides, and the delivery of oligonucleotide drugs to specific targets are the major challenges for this market.

This study provides a detailed analysis of oligonucleotide synthesis market with respect to various segments on the basis of product, application, end user, and geography. On the basis of product, the global oligonucleotide synthesis market is mainly segmented into synthesized oligonucleotide, reagents, and equipment. The synthesized oligonucleotide segment is further categorized by product, and by type. The synthesized oligonucleotide held the largest share of the global oligonucleotide synthesis market in 2018. The large share of this segment is mainly attributed to the increased adoption and application of synthesized oligonucleotides in research, diagnostics, and therapeutics.

Based on type of application, the global oligonucleotide synthesis market is segmented into three applications: research, diagnostic, and therapeutic. The research application accounted for the largest share of this market in 2018. The major share of research application is mainly attributed to the rising adoption of oligonucleotides in drug discovery & development with the recent development in the gene synthesis and next-generation sequencing areas. A large number of oligos are commonly used into various technologies such as PCR, qPCR/RTqPCR, gene synthesis, sequencing, and SNP analysis. However, the diagnostics sector is projected to register the fastest growth during the analysis period owing to the advances in terms of detection methods, particularly with respect to qPCR and sequencing techniques.

Geographically, the global oligonucleotide synthesis market is segmented into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for the major share of the global oligonucleotide synthesis market in 2018, followed by Europe and the Asia-Pacific region. The dominating position of North America in the global oligonucleotide synthesis market is mainly attributed to substantial growth in R&D investment; better accessibility & higher adoption of technically advanced products; and the presence of significantly improved infrastructure in the biotechnology sector.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Growing Adoption of Synthesized Oligonucleotides in Diagnostics and Clinical Applications
4.2.1.2. Rising R&D Expenditure and Government Investment in Pharmaceutical and Biotechnology Companies
4.2.1.3. Plummeting Cost of Sequencing
4.2.1.4. Increasing Public-Private Spending on Genomics
4.2.1.5. Rising Venture Capital Investments/Funding
4.2.2. Restraints
4.2.2.1. Lack of Regulations for Therapeutic Oligos
4.2.2.2. Price Erosion of Synthesized Oligonucleotides
4.2.3. Opportunities
4.2.3.1. Emerging Asian Markets
4.2.3.2. Therapeutic Oligos
4.2.4. Challenges
4.2.4.1. Large-Scale Synthesis of Oligonucleotides
4.2.4.2. Delivery of Oligonucleotide Drugs to Specific Targets

5. Oligonucleotide Synthesis Market, by Product
5.1. Introduction
5.2. Synthesized Oligonucleotides
5.2.1. By Product
5.2.1.1. Primers
5.2.1.2. Probes
5.2.1.3. Large-Scale Synthesis Oligonucleotides
5.2.1.4. Intermediate-Scale Synthesis Oligonucleotides
5.2.1.5. Linkers & Adaptors
5.2.2. By Type
5.2.2.1. Custom Oligonucleotides
5.2.2.2. Pre-Designed Oligonucleotides
5.3. Reagents/Consumables
5.4. Equipment

6. Oligonucleotide Synthesis Market, by Application
6.1. Introduction
6.2. Research
6.2.1. PCR
6.2.2. qPCR/RTqPCR
6.2.3. Sequencing
6.2.4. Gene Synthesis
6.2.5. Other Research Applications
6.3. Diagnostics
6.4. Therapeutics
6.4.1. RNAi
6.4.2. Nucleic Acid Aptamers
6.4.3. DNA/Antisense Oligonucleotides
6.4.4. Immunotherapy Applications

7. Oligonucleotide Synthesis Market, by End User
7.1. Introduction
7.2. Academic Research Institutes
7.3. Pharmaceutical and Biotechnology Companies
7.4. Diagnostic Laboratories
7.5. Others

8. Oligonucleotide Synthesis Market, by Geography
8.1. North America
8.2. Europe
8.3. Asia-Pacific
8.4. Rest of the World

9. Competitive Landscape
9.1. Competitive Benchmarking
9.2. Market Share Analysis

10. Company Profiles (Includes Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Danaher Corporation
10.2. Merck KGaA (Sigma-Aldrich Co. LLC)
10.3. Eurofins Genomics LLC (Part of Eurofins Scientific SE)
10.4. Thermo Fisher Scientific, Inc.
10.5. Agilent Technologies Inc.
10.6. GE Healthcare
10.7. GeneDesign Inc. (Part of Ajinomoto Co. Inc.)
10.8. Kaneka Eurogentec S.A. (Part of Kaneka Corporation)
10.9. LGC Biosearch Technologies
10.10. Bio-synthesis Inc.
10.11. TriLink Biotechnologies LLC (Part of Maravai Lifesciences)
10.12. ATDBio Ltd.

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