What is Global DNA Oligonucleotide Synthesis Market?
The Global DNA Oligonucleotide Synthesis Market is a rapidly growing sector in the biotechnology industry. It involves the production of short, single-stranded DNA molecules, known as oligonucleotides, which are crucial in genetic testing, research, and forensics. These oligonucleotides are synthesized chemically and are used in various applications such as diagnostics, therapeutics, and in the development of new drugs. The market for DNA Oligonucleotide Synthesis is driven by the increasing demand for innovative diagnostic and therapeutic techniques, advancements in synthetic biology, and the growing field of personalized medicine. The market is also influenced by the rising prevalence of genetic disorders and infectious diseases, which require DNA oligonucleotides for diagnosis and treatment.
Intermediate-scale Synthesis Oligos, Large-scale Synthesis Oligos in the Global DNA Oligonucleotide Synthesis Market:
The Global DNA Oligonucleotide Synthesis Market is segmented into Intermediate-scale Synthesis Oligos and Large-scale Synthesis Oligos. Intermediate-scale Synthesis Oligos are used in applications that require a moderate amount of oligonucleotides, such as in the development of diagnostic assays and therapeutic applications. On the other hand, Large-scale Synthesis Oligos are used in applications that require a large quantity of oligonucleotides, such as in high-throughput screening and in the production of DNA vaccines and gene therapies. The demand for both types of synthesis oligos is increasing due to the growing need for high-quality, reliable, and cost-effective oligonucleotides in various applications.
Commercial, Academic Research in the Global DNA Oligonucleotide Synthesis Market:
The Global DNA Oligonucleotide Synthesis Market finds its usage in various areas such as Commercial and Academic Research. In the commercial sector, DNA oligonucleotides are used in the development of new drugs, diagnostic assays, and therapeutic applications. They are also used in the production of DNA vaccines and gene therapies. In academic research, DNA oligonucleotides are used in various research studies related to genetics, molecular biology, and biochemistry. They are also used in the study of DNA-protein interactions, DNA structure, and function, and in the development of new techniques for DNA manipulation and analysis.
Global DNA Oligonucleotide Synthesis Market Outlook:
The future of the Global DNA Oligonucleotide Synthesis Market looks promising. In 2023, the market was valued at US$ 814 million. It is expected to grow significantly and reach a value of US$ 1272.2 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for DNA oligonucleotides in various applications, advancements in synthetic biology, and the growing field of personalized medicine.
| Report Metric | Details |
| Report Name | DNA Oligonucleotide Synthesis Market |
| Accounted market size in 2023 | US$ 814 million |
| Forecasted market size in 2030 | US$ 1272.2 million |
| CAGR | 6.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Genescript, GeneArt (Thermofischer), Renesas Electronics Corporation, DNA 2.0 (ATUM), OriGene, BBI, Genewiz, Eurofins Genomics, Gene Oracle, SBS Genetech, Bio Basic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
