What is Global Oligonucleotide Synthesis Services Market?
The Global Oligonucleotide Synthesis Services Market is a rapidly growing sector in the biotechnology industry. Oligonucleotides are short DNA or RNA molecules that are used in genetic testing, research, and forensics. The synthesis of these molecules is a complex process that requires specialized equipment and expertise. The market for these services is expanding as the demand for personalized medicine and genetic research increases. Companies in this market provide services such as custom oligonucleotide synthesis, design and optimization, and large-scale production. The market is driven by the increasing use of synthesized oligonucleotides in clinical applications, advancements in oligonucleotide synthesis technologies, and the growing focus on personalized medicine.
Intermediate-scale Synthesis Oligos, Large-scale Synthesis Oligos in the Global Oligonucleotide Synthesis Services Market:
The Global Oligonucleotide Synthesis Services Market is segmented into Intermediate-scale Synthesis Oligos and Large-scale Synthesis Oligos. Intermediate-scale synthesis oligos are used in applications such as PCR, sequencing, and gene synthesis. They are typically synthesized in quantities of 1-100 micromoles. On the other hand, large-scale synthesis oligos are used in applications that require large quantities of oligonucleotides, such as drug discovery and therapeutic applications. These are typically synthesized in quantities of 100 micromoles to several grams. The choice between intermediate and large-scale synthesis depends on the specific needs of the project, including the quantity of oligonucleotides required and the complexity of the sequence.
Commercial, Academic Research in the Global Oligonucleotide Synthesis Services Market:
The Global Oligonucleotide Synthesis Services Market finds its usage in various areas including Commercial and Academic Research. In the commercial sector, these services are used in the development of new drugs and therapies, particularly in the field of personalized medicine. They are also used in diagnostic applications, such as genetic testing and disease detection. In academic research, synthesized oligonucleotides are used in a wide range of applications, from basic genetic research to the development of new therapeutic strategies. The demand for these services in both sectors is driven by the increasing importance of genetic research and the growing need for personalized therapies.
Global Oligonucleotide Synthesis Services Market Outlook:
The Global Oligonucleotide Synthesis Services Market has shown significant growth in recent years. In 2023, the market was valued at US$ 814 million. It is projected to reach a value of US$ 1272.2 million by 2030, representing a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth is driven by several factors, including advancements in oligonucleotide synthesis technologies, the increasing use of synthesized oligonucleotides in clinical applications, and the growing focus on personalized medicine.
| Report Metric | Details |
| Report Name | Oligonucleotide Synthesis Services 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 |
