The global Oligonucleotide synthesis market size was USD 7658.2 million in 2022 and is expected to reach USD 33967.59 million in 2032, and register a revenue CAGR of 18 % during the forecast period. Rising need for oligonucleotide synthesis across a variety of industries, including research, diagnostics, and medicines, is a major factor driving the market revenue growth. Short strands of RNA or DNA are produced by a process called oligonucleotide synthesis, and these molecules are frequently utilized in processes such as gene therapy, medication development, and gene editing. The demand for oligonucleotide synthesis is expected to increase during the projected period due to the expanding emphasis on research and development in the life sciences industry as well as increasing prevalence of genetic disorders and chronic diseases.
Moreover, automated synthesizers and high-throughput systems are among the technical developments in oligonucleotide synthesis platforms that are expected to drive market revenue growth. These developments have accelerated, improved, and reduced the cost of the oligonucleotide synthesis process, which has increased the use of oligonucleotide synthesis in a variety of applications. Expansion of bespoke oligonucleotide synthesis services is another factor driving market revenue growth. The ability to design and create oligonucleotides specifically for their research needs is provided by custom oligonucleotide synthesis services, which is expected to raise demand for oligonucleotide synthesis services throughout the forecast period.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Eurofins Genomics
- Agilent Technologies, Inc.
- LGC Biosearch Technologies
- IDT (Integrated DNA Technologies)
- Biogen Inc.
- GE Healthcare
- Danaher Corporation
- Twist Bioscience Corporation
|By Product Type Outlook
|By Application Outlook
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Based on Region market is segmented into:
- North America
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Oligonucleotide Synthesis industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Oligonucleotide Synthesis manufacturers and provides valuable insight into the market for companies and individuals.
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