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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Growth Drivers of the Oligonucleotide Synthesis Market
Oligonucleotides are small nucleic acid fragments that are produced through genetic engineering and enzyme chemistry. These are primarily employed in laboratories for diagnostics, therapeutics, and academic and industrial research. Other applications include the initial screening of target validation and drug production with oligonucleotides. The synthesis of oligonucleotides can be conducted either individually using DNA synthesisers or commercially to provide services for a variety of end users or for personal consumption.
The biological research domain has been completely transformed by the advancements in oligonucleotide synthesis, automation, and amplification. In the present day, it is feasible to obtain customisations and specific sequences online at any time. In order to gain a competitive edge, organisations are emphasising the enhancement of their services through technological advancements that are cost-effective.
Pharmaceutical manufacturers are collaborating with major oligonucleotide manufacturers to expand their businesses. The subsequent quantities of oligos are currently in the later phase of clinical trials, which are focused on a variety of conditions, including cardiovascular diseases, muscle dystrophies, ocular disorders, and cancer. This, in turn, has further foreshadowed the regulatory approvals of numerous oligonucleotide-based therapies.
The oligonucleotide synthesis market is expected to benefit from the ongoing expansion of the gene editing and genomics markets, as there are numerous advancements in genetic tools that facilitate the oligonucleotide synthesis process. Additionally, the oligonucleotide synthesis market is expected to be further bolstered by the proliferation of data generated by the enhancements in patient response systems in the future.
We have incorporated a competitive landscape and an analysis of Porter’s Five Forces model for the oligonucleotide synthesis market to provide the users of this report with a comprehensive picture of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Oligonucleotide Synthesis Market is segmented based on product, application and region
Global Oligonucleotide Synthesis Market: Product Segment Analysis
● Research
● Therapeutics
● Diagnostics
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
North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa comprise the global oligonucleotide synthesis market by region. It is anticipated that North America will dominate the oligonucleotide synthesis market and maintain a significant portion of it during the forecast period. This region’s dominance can be attributed to the increasing prevalence of genetic diseases and the ensuing demand for new and advanced drugs. It is probable that the market valuations of the European and Asia Pacific regions will increase during the anticipated timeframe.
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