Global oligonucleotides synthesis market is significantly growing owing to significant diagnostic application. The molecular diagnostics is accompanied by the rising need for oligonucleotides that can be used in diagnostics tests. The diagnostics application is growing owing to the developing application of molecular diagnostics and genetic testing. The increasing use of technologies such as DNA micro arrays in the analysis of biological samples and developing molecular oncology diagnostics tests in the growth of molecular diagnostics. Moreover, the rapidly growing demand has made to understand the requirements for oligos used in diagnostics testing.
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The large adoption of PCR technologies across the research and diagnostics field due to their ease of use, high sensitivity and cost-effectiveness have attributed to the oligonucleotides synthesis market growth. It is one of the most vital tools in modern-day molecular biology. Oligonucleotides are majorly used in research and their applications in diagnostics and therapeutics are increasing exponentially. The rising number of oligonucleotides under clinical trials for treating the number of health problems including cancer, range of ocular disorder and cardiovascular diseases are leading to growing adoption for the oligonucleotide synthetic products, consumables, equipment and reagents.
Moreover, the players operating in the market adopt various strategies such as technological development, product launch, merger and acquisitions for gaining a sustainable position in the oligonucleotides synthesis market that further fuel the growth of the market. For instance, in March 2018, Danaher Corp. acquired integrated DNA technologies (IDT), a provider of high-value consumables for genomics applications in qPCR, synthetic biology, molecular diagnostics, next-generation sequencing, molecular biology, and gene editing. The most used application in laboratories includes diagnostics and therapeutics among others. These are utilized from initial research and screening through drug production and target validation.
Current Market Trends Covered In the Report
- North America is expected to hold the largest market share in the oligonucleotides synthesis market.
- The developments such as expansions, new product launches, mergers & acquisitions in oligonucleotides synthesis market.
Global Oligonucleotide Synthesis Market- Segmentation
By Product
- Synthesized Oligonucleotide Product
- Reagent
- Equipment
By Type
- Custom
- Pre-Designed
By Application
- Research
- Diagnostics
- Therapeutics
