Oligonucleotide Synthesis Market 2023 Updates: Rising range of applications propelling industry at a CAGR of 17.10%

Oligonucleotides are small DNA or RNA molecules used in genetic testing, research, and forensics. They are made in the lab using solid-phase chemical synthesis and can be used for artificial gene synthesis, PCR, DNA sequencing, molecular cloning, and molecular probes. Synthetic oligonucleotides have clinical applications, including detecting autoimmune antibodies and diagnosing diseases like infectious diseases and cancer. Recent developments in synthetic biology have made it possible to detect anti-double-stranded DNAs using synthetic oligonucleotides.

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The global oligonucleotide synthesis market was valued at $51.97 billion in 2020 and is projected to reach $ 26.099 billion by 2030 registering a CAGR of 17.10% from 2021 to 2030.

• CAGR: 17.1%

• Current Market Size: USD 51.97 Billion

• Forecast Growing Region: APAC

• Largest Market: North America

• Projection Time: 2021- 2030

• Base Year: 2021

Covid-19 scenario:

The Covid-19 pandemic disrupted workflows in the healthcare sector across the globe. The spread of virus forced several industries to shutdown temporarily or permanently. This disrupted the supply chain.

However, the pandemic has a positive effect on the market as it increased the demand for various medical services such as oligonucleotide products for developing test kits, vaccines, and treatments that target Covid-19 infection.
Moreover, due to the rise in Covid-19 cases and the urgency for a potential vaccine, the demand for new generations of oligonucleotide drugs, such as mRNA and DNA vaccines has increased.

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Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global oligonucleotide synthesis market along with the current trends and future estimations to explain the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the oligonucleotide synthesis market growth is provided in the report.
• Comprehensive quantitative analysis of the industry from 2020 to 2028 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the key segments of the industry helps understand the application and products of oligonucleotide synthesis used across the globe.
  Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

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Key Players – 

• Biogen Inc.
• Danaher Corporation
• Eurofins Scientific
• Ionis Pharmaceuticals, Inc.
• Kaneka Corporation
• LGC Limited
• Merck KGAA
• Sarepta Therapeutics, Inc.
• Thermo Fisher Scientific, Inc.

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