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Oligonucleotide Synthesis Market worth $1,712.1 Million by 2019

According to the new market research report The Report “Oligonucleotide Synthesis Market by Product & Services (Equipment, Reagent, Primer, Probe, Custom Oligos), End-User (Research, Pharmaceutical & Biotechnology), Application (Diagnostics, PCR, QPCR, Gene Synthesis, NGS, DNA, RNAi) - Global Forecast to 2019” provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the oligonucleotide synthesis market along with the estimates and forecasts of the revenue and competitive analysis.

 This report studies the oligonucleotide synthesis market by products and services, applications, end users, and geography.

Oligonucleotide synthesis has a vast number of applications in nucleic acid array-based technologies, library preparations, next-generation sequencing methods, genomics, nucleic acid-based detection, cell cultures, diagnostics, therapeutics, human identity testing, cloning and genetic engineering, and synthetic biology, among others. Apart from the growing applications of oligos, increasing R&D expenditure in pharmaceutical and biotechnology companies, the evolving significance of RNA-interference oligos in therapeutics and diagnostics, increasing venture capitalist and governmental funding and support, and rapid technological innovations are other factors driving this market’s growth. The relatively-untapped Asia-Pacificmarket, and the growth in magnitude of R&D activities in the region ,has opened an array of opportunities for players in the oligonucleotide synthesis market. However, regulatory barriers, especially for therapeutic oligos, and downward pricing pressure are the major factors restraining the growth of this market.

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The global oligonucleotide synthesis market is expected to reach $1,712.1 million by 2019 from $1,070.7 million in 2014, growing at a CAGR of 9.8% from 2014 to 2019.The global market is categorized on the basis of products and services, applications, end users, and geography.

By products and services, the market is broadly segmented into equipment, reagents, and synthesized oligonucleotides. Among these segments, the synthesized oligonucleotides market segment is expected to register the highest growth rate during the forecast period, owing to the increasing number of applications of synthesized oligonucleotides in research, diagnostics and therapeutics, and a growing demand for custom oligos.

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The market, by applications, is classified into diagnostics, research, and therapeutics. Research applications are further segmented into PCR, qPCR, sequencing, gene synthesis, and others. The therapeutics market is further segmented into DNA/antisense oligos, RNAi, aptamers, and others. In terms of applications, the research segment commanded the largest share in 2014, while the diagnostics segment is expected to be the fastest-growing segment in the oligonucleotide synthesis market. The therapeutics segment is gaining increasing importance with growing RNAi applications. However, stringent regulatory requirements pose a major challenge for this market.

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