Global Oligonucleotide synthesis market

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Oligonucleotide Synthesis Market
The global oligonucleotide synthesis market is
growing at a significant rate, due to the
mounting usage of synthesized oligonucleotides in
molecular diagnostics and clinical applications,
and intensifying demand for synthesized
oligonucleotides. Different products such as a
reagent, synthesized oligonucleotides, and
equipment contributed to the oligonucleotide
synthesis market size. The market has witnessed
high demand synthesized oligonucleotides due to
its escalating number of applications of in
diagnostics, research, and therapeutics.
By Product The synthesised oligonucleotides
segment accounted for the largest share of all
products and is projected to grow at the fastest
pace on the market due to its rising number of
applications in diagnostics, research and
therapeutics. By Application The application of
diagnostics is expected to develop at the fastest
pace among all applications in the market for
oligonucleotide synthesis, owing to the rapid
evolution in the field of molecular
diagnostics. By End User Diagnostic laboratories
are expected to develop at the fastest pace of
all end users in the market for oligonucleotide
synthesis, due to the growing diagnostic
applications of oligonucleotides and the
evolving field of molecular diagnostics. The
key growth factors for the oligonucleotide
synthesis market are the growing use of
synthesised oligonucleotides in molecular
diagnostics and clinical applications, the
increase in venture capital activities, the
increasing prevalence of cancer and infectious
diseases, the increasing demand for synthesised
oligonucleotides, and increasing government
spending.
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Recent News In February 2019, an arrangement
with BioNTech was entered into by Thermo Fisher
Science (Germany). Under the terms of this
arrangement, Thermo Fisher will support the
messenger RNA (mRNA) development platform of
BioNTech via the procurement of nucleotides,
enzymes, and other essential raw materials. In
March 2018, Danaher purchased IDT, which enhanced
Danaher's Life Sciences platform and increased
its customer base. Competitive Insight Merck
KGaA, Agilent Technologies, LGC Biosearch
Technologies, Eurofins Genomics, Eurogentec, GE
Healthcare, Thermo Fisher Scientific, and Nitto
Denko Avecia Inc. are the key players offering
oligonucleotide synthesis.
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