Kenneth Research recently added a report on Oligonucleotide Synthesis Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Oligonucleotide Synthesis Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Oligonucleotide Synthesis Market products.
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The global Oligonucleotide SynthesisMarketwas valued at USD 1.28 billion in 2016 and is projected to reach USD 3.15 billion by 2025, growing at a CAGR of 10.45% from 2017 to 2025.
Oligonucleotide synthesis is the chemical synthesis of relatively short fragments of nucleic acids with defined chemical structure (sequence). 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.
1. Market Drivers
1.1 Technological Advancements and R&D Investments in Synthetic Biology
1.2 Increasing Use of Synthesized Oligonucleotides in Molecular Diagnostics and Clinical Applications
1.3 Increasing R&D Expenditure in Pharmaceutical & Biotechnology Companies
1.4 Rise in Venture Capital Investments
1.5 Growing Focus on Conferences to Increase Awareness Among Researchers
2. Market Restraints
2.1 Price Erosion of Synthesized Oligos
2.2 Lack of Regulations for Therapeutic Oligos
1. Global Oligonucleotide Synthesis Market, by End User:
1.1 Academic Research Institutes
1.2 Pharmaceutical and Biotechnology Companies
1.3 Diagnostic Laboratories
1.4 Other End Users
2. Global Oligonucleotide Synthesis Market, by Application:
2.1.4 Gene Synthesis
2.1.5 Other Research Applications
2.3.2 Nucleic Acid Aptamers
2.3.3 DNA/Antisense Oligos
2.3.4 Immunotherapy Applications
3. Global Oligonucleotide Synthesis Market, by Products and Services:
3.1 Synthesized Oligonucleotides
3.1.1 Synthesized Oligonucleotides Market, By Product
126.96.36.199 Large-Scale Synthesis Oligos
188.8.131.52 Intermediate-Scale Synthesis Oligonucleotides
184.108.40.206 Linkers and Adaptors
3.1.2 Synthesized Oligonucleotides Market, By Service
220.127.116.11 Custom Oligonucleotides
18.104.22.168 Pre-Designed Oligonucleotides
4. Global Oligonucleotide Synthesis Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Integrated DNA Technologies, Inc.
2. Merck KGaA
3. Eurofins Genomics
4. Thermo Fisher Scientific Inc.
5. Bioautomation Corporation
6. Agilent Technologies, Inc.
7. Eurogentec S.A.
8. General Electric (GE) Company
9. LGC Biosearch Technologies, Inc.
10. Nitto Denko Avecia Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Oligonucleotide SynthesisMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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