Oligonucleotide Synthesis Market to Receive Overwhelming Hike in Revenues 2025 – 2032
Rapidly increasing prevalence of chronic diseases around the world and high investments in medical R&D are projected to primarily propel the demand for oligonucleotide synthesis. The growing popularity of precision and personalized medicine is also expected to generate new business for oligonucleotide synthesis providers in the future. Increasing acceptance of gene therapies for the treatment of various indications and expanding application scope for oligonucleotides in multiple healthcare verticals will also create new opportunities for oligonucleotide synthesis companies. Moreover, advancements in synthesis technologies and the rising use of nucleic acid-based therapeutics are also anticipated to drive oligonucleotide synthesis market growth potential over the coming years.
Oligonucleotide Synthesis Market size was valued at USD 7.8 billion in 2023 and is poised to grow from USD 9.21 billion in 2024 to USD 34.86 billion by 2032, growing at a CAGR of 18.1% during the forecast period (2025-2032)
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Robust spending on healthcare research in the North American region allows it to become the dominant market for oligonucleotide synthesis companies around the world. On the contrary, high costs of synthesis, complex regulatory framework, ethical concerns regarding gene therapies, and limited manufacturing capacity are some major constraints that slow down oligonucleotide synthesis demand.
Oligonucleotide Synthesis Market Segments Analysis:
Global Oligonucleotide Synthesis Market is segmented by Product, Type, Application, End User and region.
Based on Product, the market is segmented into Oligonucleotide, Reagents and Equipment.
Based on Type, the market is segmented into Custom Oligos and Predesigned Oligos.
Based on Application, the market is segmented into Therapeutic Applications, Diagnostics, Research and Others. Based on End User, the market is segmented into Academic Research Institutes, Pharmaceutical and Biotechnology Companies,, Diagnostic Laboratories and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Oligonucleotide Synthesis Market Key Players:
Thermo Fisher Scientific (USA)
Merck KGaA (Germany)
Agilent Technologies (USA)
LGC Biosearch Technologies (UK)
Integrated DNA Technologies (IDT) (USA)
Eurofins Genomics (Luxembourg)
GenScript Biotech Corporation (USA)
Twist Bioscience (USA)
Bio-Synthesis Inc. (USA)
ATUM (USA)
DNA Script (France)
SGI-DNA (USA)
Eurogentec (Kaneka) (Belgium)
Creative Biogene (USA)
GeneCust Europe (Luxembourg)
Synbio Technologies (USA)
Epoch Life Science, Inc. (USA)
Bioneer Corporation (South Korea)
Genewiz (Azenta Life Sciences) (USA)
Oligonucleotide Synthesis Key Market Trends:
Use of AI and Automation: Automation and artificial intelligence are being integrated into oligonucleotide synthesis processes, to enhance the accuracy and scalability of the process. Automated synthesizers and AIdriven design tools are projected to be highly popular as they can assist in cost reduction as well.
Development of Custom Oligonucleotides: Researchers and diagnostic developers are increasingly requiring custom-designed oligonucleotides for specific applications, such as probe design, sequencing primers, and gene synthesis. This oligonucleotide synthesis market trend is projected to push oligonucleotide synthesis companies to focus on the development of custom oligos to maximize their business in the future.
Oligonucleotide Synthesis Market Regional Insights:
North America is projected to account for a dominant oligonucleotide synthesis market share. The presence of a strong medical research infrastructure, supportive government funding for research, and rising use of genetic treatments are helping this region maintain its high market share. The United States and Canada are estimated to be the leading markets in this region as incidence of chronic diseases rises in these countries. The presence of leading pharmaceutical and biotechnology companies will also promote the demand for oligonucleotide synthesis in this region.
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Oligonucleotide Synthesis industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, AsiaPacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Oligonucleotide Synthesis Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Oligonucleotide Synthesis Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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