Oligonucleotide Synthesis Market Witness High Growth Due to Advancement in DNA Sequencing
The global oligonucleotide synthesis market is instrumental in producing artificial DNA or RNA fragments of desired sequence that facilitates the applications of genomics and molecular biology research activities. Oligonucleotide synthesis has revolutionized gene sequencing technology by enabling new diagnostic tools and therapeutics that improve understanding of disease pathways. The ability to design oligonucleotides of specific nucleotide sequences has accelerated the drug discovery process by allowing identification of gene targets. The oligonucleotides synthesized are used as probes, primers, linkers and adaptors in various life science applications including DNA microarrays, DNA sequencing, DNA amplification and hybridization.
The global Oligonucleotide Synthesis Market is estimated to be valued at US$ 4565 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Oligonucleotide Synthesis are Forte Research Systems (India), ICON plc (Ireland), Merge healthcare incorporated (U.S.), Bio-Optronics (U.S.), DSG INC (U.S.), ArisGlobal (India), ERT Clinical Bioclinica (U.S.), Oracle Corporation (U.S.), Medidata Solutions (U.S.), DATATRAK International, Inc. (U.S.), and MedNet Solutions, Inc., (U.S.) among others.
The Oligonucleotide Synthesis Market Demand massive amount of genomic data generated due to technological advancements such as next-generation sequencing created opportunities for pharmaceutical and biotech companies to develop precision medicines for rare genetic diseases. Advancements in synthetic biology and DNA sequencing tools are allowing scientists to design customized oligonucleotide sequences faster and cheaper for applications like targeted gene editing therapies.
Market Drivers
The key driver for the growth of Oligonucleotide Synthesis Market Size And Trends is advancement in DNA sequencing technologies. Next generation sequencing technologies have accelerated the understanding of DNA at an exponential pace providing opportunities to design oligonucleotides as primers and probes for various sequencing applications.
Get More Insights On, Oligonucleotide Synthesis Market
Moreover, the demand for sequencing whole genomes for diagnosing rare genetic disorders is driving the need for customized oligonucleotide synthesis. The rising incidences of chronic diseases coupled with increased funding for genomic research will continue to fuel market growth over the forecast period.
Current challenges in Oligonucleotide Synthesis Market
The Oligonucleotide Synthesis Market Size And Trends is facing some challenges currently. One of the major challenges is the limited scalability of reactions involved in oligonucleotide synthesis. The chemical synthesis involved in oligonucleotide production is a multi-step process which makes mass production difficult.
Get More Insights On, Oligonucleotide Synthesis Market
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian