Oligonucleotide Synthesis Market Worth 2.46 Billion USD by 2022
According to a new market research report "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 2022", published by MarketsandMarkets™, the global market is expected to reach USD 2.46 Billion by 2022 from USD 1.47 Billion in 2017 at a CAGR of 10.9%. This market is experiencing significant growth due to the increasing research activities in the pharma and biotech sectors and the rising demand for innovative diagnostic and therapeutic techniques.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 230 market data tables and 40 figures spread through 272 pages and in-depth TOC on "Oligonucleotide Synthesis Market"
https://www.marketsandmarkets.com/Market-Reports/oligonucleotide-synthesis-market-200829350.html
Early buyers will receive 10% customization on this report
The increasing R&D expenditure by pharmaceutical and biotechnology companies, rising demand for synthesized oligonucleotides, rising venture capital investments, and increasing demand for synthetic genes are the key drivers for the global Oligonucleotide Synthesis Market. The increasing applications of oligonucleotides in nucleic acid array-based technologies, library preparations, next-generation sequencing (NGS) methods, genomics, nucleic acid-base detections, cell cultures, diagnostics, therapeutics, human identity testing, cloning, and genetic engineering and synthetic biology are also supporting market growth for oligonucleotide synthesis.
The primers segment is expected to dominate the market in 2017
The synthesized oligonucleotides market, by product, is segmented into primers, probes, large-scale synthesis oligos, intermediate-scale synthesis oligos, and linkers & adaptors. In 2017, primers segment is expected to account for the largest share of the Oligonucleotide Synthesis Market as it is used in various applications such as PCR, genomics, and DNA synthesis.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=200829350
Based on synthesized oligonucleotides by type, custom oligos segment is expected to dominate the market in 2017
Based on type, synthesized oligonucleotides market is segmented into custom oligos and pre-designed oligos. Custom oligos are expected to dominate the market in 2017. It is also expected to register the highest growth rate during the forecast period. The growth of this segment is attributed to factors such as the increasing number of clinical and preclinical research studies evolving applications in molecular biology and emerging therapeutic and diagnostic applications.
Based on application, the diagnostic segment is expected to register the highest CAGR during the forecast period
Based on application, the market is segmented into research, diagnostics, and therapeutics. The research segment is estimated to hold the largest share of the Oligonucleotide Synthesis Market in 2017. The diagnostics segment is expected to register the highest CAGR during the forecast period. The rapid growth in the field of molecular diagnostics is a key driver for this segment.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=200829350
North America to dominate the Oligonucleotide Synthesis Market
In 2017, North America is expected to dominate the market followed by Europe. The large share of this geographical segment is attributed to the increasing R&D expenditure in the pharmaceutical and biotechnology sector, availability of public and private sector funds for research activities, and presence of major market players in the US.
The Oligonucleotide Synthesis Market is fragmented, with the presence of several large as well as emerging players. Prominent players in the Oligonucleotide Synthesis Market include Integrated DNA Technologies (IDT) (US), Sigma-Aldrich Corporation (US) (part of Merck KGaA), Eurogentec (Belgium), Eurofins Genomics (Germany), Agilent Technologies (US), Thermo Fisher Scientific (US), BioAutomation (US), LGC Biosearch Technologies (US), GeneDesign (Japan), GE Healthcare (US), TriLink BioTechnologies (US), GenScript (China), Nitto Denko Avecia (US), ATDBio (UK), Bio-Synthesis (US), IBA GmbH (Germany), Gene Link (US), and AITbiotech Pte. (Singapore).
Browse Related Reports:
Next-Generation Sequencing (NGS) Market by Product (Hiseq, Miseq, Hiseq X Ten/X Five, NextSeq500, Ion Proton, PGM, Ions5, PacBio RSII), Services (Targeted, RNA, Exome, De Novo), & Application (Diagnostics, Biomarker, Agriculture) - Global Forecasts to 2022
Genomics Market by Product and Services (Instruments/Systems, Consumables, Services), Technology (Sequencing, Microarray, PCR), Process (Library Preparation, Sequencing, Data Analysis), Application (Diagnostics) - Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/genomics-market-613.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article