The
global oligonucleotide synthesis market is growing significantly due to
advancements in oligonucleotide synthesis technologies, and increasing research
and development expenditure in the industry. Increasing usage of synthesized
oligonucleotides for a range of applications, including life science research,
clinical diagnostics, and cell cultures, and increasing focus for the
development of personalized medicine are also supporting the growth of the
market.
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Massive
unexplored oligonucleotide synthesis market in emerging economies, such as
India and China, are creating sufficient opportunities for the global
oligonucleotide synthesis market to grow at a considerable rate during the
projected years. In addition, most of the molecular biology techniques, such as
polymerase chain reaction, DNA sequencing, and microarrays, require synthesized
oligonucleotides; hence, propelling the demand for large scale production of
oligonucleotides.
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Major
players are focusing on the development of cost-effective methods for the
synthesis of oligonucleotides such as use of recyclable and universal polymer
support. However, synthesis of oligonucleotides in large scale is a major
challenge in global oligonucleotide synthesis market. Usage of computer-aided
instruments for automatic synthesis of oligonucleotide is trend in global
oligonucleotide synthesis market.
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The
global oligonucleotide synthesis market is categorized as products type,
applications, and end-users. Based on products type, the oligonucleotide
synthesis market is categorized as equipment, reagents, and synthesized
oligonucleotides. The synthesized oligonucleotide is estimated to grow at the
fastest rate due to increasing usage of oligonucleotides in various
applications.
Based
on applications, the oligonucleotide synthesis market is categorized as
research, therapeutics, and diagnostics. The research segment leads the global
oligonucleotide synthesis market and diagnostics segment is expected to grow at
the fastest rate in the forecasted period. Based on end-users, the
oligonucleotide synthesis market can be categorized as clinical diagnostics,
academic and research institutes, and biotechnology and pharmaceutical
companies. Academic and research institutes lead the global oligonucleotide
synthesis market.
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