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Oligonucleotide Synthesis Market Size, Share, Trends & Industry Growth Analysis Report to 2024-2032

The global oligonucleotide synthesis market size was worth around USD 9.03 billion in 2023 and is predicted to grow to around USD 34.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.00% between 2024 and 2032.

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Oligonucleotides are minute fragments of nucleic acids that are produced through the processes of enzyme chemistry and genetic engineering. These are utilized primarily in academic and industrial laboratories for therapeutics, diagnostics, and research. Additionally, oligonucleotides find application in target validation and drug synthesis for preliminary screening. Oligonucleotides are synthesized either individually through the use of DNA synthesizers or commercially for the provision of services to a variety of end users or for personal consumption. The advancements in oligonucleotide synthesis, amplification, and automation have brought about a fundamental paradigm shift in the field of biological research.

Presently, customizations and specific sequences can be obtained online effortlessly and whenever necessary. In order to gain traction, businesses are concentrating on enhancing their services through technological advancements while maintaining cost control.

Prominent manufacturers of oligonucleotides are augmenting their operations by means of partnerships established with pharmaceutical manufacturers. An increasing number of oligos presently undergoing clinical trials are designed to treat a wide range of conditions, including cardiovascular diseases, muscle dystrophies, ophthalmic disorders, and cancer in particular. As a consequence, regulatory approvals for numerous oligonucleotide-based therapies have been anticipated even more.

The market for oligonucleotide synthesis is anticipated to experience favorable conditions due to the ongoing expansion of the gene editing and genomics industries. This is primarily due to the numerous developments in genetic tools that aim to streamline the oligonucleotide synthesis process. Moreover, advancements in patient response systems are producing an abundance of data, which will contribute to the future growth of the oligonucleotide synthesis market.

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The Global Oligonucleotide Synthesis Market is segmented based on product, application and region

Global Oligonucleotide Synthesis Market: Product Segment Analysis

● Equipment
● Reagents and Consumables
● Synthesized Oligonucleotides

Global Oligonucleotide Synthesis Market: Application Segment Analysis

● Academic Research Institutes
● Diagnostic Laboratories
● Pharmaceutical and Biotechnology Companies
● Others

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The global Oligonucleotide Synthesis market profiles key players such as:

● ATD Bio Ltd
● BianoScience GmbH
● BioSpring GmbH
● Bioneer Corporation
● Bio-Synthesis, Inc
● Creative Biogene
● Dalton Pharma Services
● Eurofins Genomics
● GE
● GeneDesign, Inc
● GenScript
● IBA GmbH
● Integrated DNA Technologies, Inc
● Kaneka Eurogentec S.A.
● LGC Biosearch Technologies

Analysis of the Oligonucleotide Synthesis Market by Region

The regions comprising the worldwide oligonucleotide synthesis market are Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. It is expected that North America will maintain a significant market share in the oligonucleotide synthesis industry throughout the period of forecast. The expanding prevalence of genetic diseases and the consequent need for innovative and sophisticated pharmaceuticals are factors contributing to this regional preeminence. Market valuations in the Asia-Pacific and European regions are anticipated to increase during the forecast period.

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