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Oligonucleotide Synthesis Market by Product, Application, End User - Global Forecast to 2022

Oligonucleotide Synthesis Market: Global Forecast until 2022

  • February 2018
  • 274 pages
  • ID: 4477042
In this report:
In 2017, the academic research institutes segment is expected to account for the largest share (##.##%) of the oligonucleotide synthesis market in the US This segment is projected to reach USD ##.## million by 2022 from USD ##.## million in 2017, at a CAGR of ##.##% during the forecast period.
In 2017, the primers segment is expected to account for the largest share (##.##%) of the synthesized oligonucleotides market in the US This segment is projected to reach USD ##.## million by 2022 from USD ##.## million in 2017, at a CAGR of ##.##% during the forecast period.

Summary

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The overall oligonucleotide synthesis market forecasted to grow at a compound annual growth rate (CAGR) of 10.90 percent.

The overall oligonucleotide synthesis market is forecasted to reach ~$2.5B by 2022 from ~$1.5B in 2017 at a Compound annual growth rate of 10.90 percent. This sector is experiencing significant increase due to the growing research activities in the pharma and biotech markets and the increasing demand for innovative diagnostic and therapeutic techniques.

Increase in this industry is primarily driven the rising R&D expenditure by pharmaceutical and biotechnology firms, increasing demand for synthesized oligonucleotides from the increasing field of molecular diagnostics, growing venture capital investments, and growing demand for synthetic genes. On the other hand, the price erosion of synthesized oligos and lack of regulations for therapeutic oligos are some factors that may hinder the increase of this market.

Synthesized oligonucleotides are anticipated to grow at the maximal compound annual growth rate (CAGR) during the outlook period.

Established on product, the sector is divided into synthesized oligonucleotides, reagents, and equipment. The synthesized oligonucleotides segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the forecast period The rising number of applications of synthesized oligonucleotides in analysis, diagnostics, and therapeutics is a top market driver in this industry segment. The increasing availability and demand for custom oligos also contribute to the rise of the synthesized oligonucleotides market.

The research segment is forecasted to hold the largest market share in 2017.

Established on application, the sector is divided into research, diagnostics, and therapeutics. The research segment is forecasted to hold the most important share of the oligonucleotide synthesis market in 2017. The market increase for research applications is mainly influenced by the developments in the fields of gene synthesis and NGS. Oligos are widely used in technologies including PCR, qPCR, gene synthesis, isothermal nucleic acid amplification technology, microarray, hybridization, DNA sequencing, and next-generation sequencing.

Academic research institutes are anticipated to dominate the industry during the estimate period.

Established on final user, the sector is divided into academic research institutes, pharmaceutical and biotechnology firms, diagnostic laboratories, and other end users. The academic research institutes segment is forecasted to dominate the industry during the outlook period. With the growing funding pouring into institutes to conduct industry research, the industry demand for oligonucleotides is bound to growth. To meet this need, firms are launching products and entering into strategic agreements with various research institutes to supply oligonucleotides for research purposes. For example, in August 2015, Eurofins Genomics launched NGS tests for the identification of non-targeted microorganisms, including 16S Microbiome Profiling for academia and analysis

APAC to witness the more significant rise during the estimate period.

In 2017, North America (NA) is forecasted to account for the biggest share of the market succeeded by EU. Nevertheless, Asia-Pac is projected to register the highest compound annual growth rate (CAGR) during the outlook period. This can be connected to Elements such as the increasing availability of synthesized oligos, together with a rise in R&D funding and activities in the Asia-Pacific regions. The rising focus of prominent actors on Asia-Pac is also supporting market increase in the territory.

The primary interviews conducted for this business report can be categorized as follows:

• By Company category: Tier 1 - 36.0 percent; Tier 2 - 46.0 percent; Tier 3 - 18%.

• By Description: C-level- 26.0 percent; D-level- 45.0 percent; Others- 29%.

• By Area: North America continent - 41.0 percent; Europe (EU) - 31.0 percent; Asia Pacific (APAC) - 20.0 percent; Latin America- 5.0 percent, Middle East (ME) and African continent - 3.0 percent

Segment Research

The industry report offers an overview of the oligonucleotide synthesis market. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including product, application, end-user, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them with the closest approximations of revenues for the global oligonucleotide synthesis market and its sub-segments. This industry report will facilitate partners to comprehend the competitive landscape better and acquire business insights to position their businesses and help firms make suitable go-to-market approaches. The market research also will also help partners comprehend the pulse of the sector and offer them with info concerning main market drivers and alternatives.

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