Global Oligonucleotide Synthesis Market – Analysis and Forecast (2018-2024)

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Global Oligonucleotide Synthesis Market

Oligonucleotide synthesis is used in various applications such as nextgeneration sequencing (NGS) methods, nucleic acid array-based technologies, therapeutics, library preparations, human identity testing, genomics, nucleic acidbase detections, cell cultures, cloning, diagnostics, and genetic engineering and synthetic biology.

Global Oligonucleotide Synthesis Market

Mounting usage of synthesized oligonucleotides in molecular diagnostics and clinical applications, the surge in venture capital investments, the mounting occurrence of cancer and infectious diseases, intensifying demand for synthesized oligonucleotides, and escalating government investments are the primary growth drivers for oligonucleotide synthesis market. Mounting research and development expenditure in biotechnology and pharmaceutical companies, and escalating demand for innovative diagnostic and therapeutic technique is also facilitating the growth for the oligonucleotide synthesis market.

Global Oligonucleotide Synthesis Market

Key players in the oligonucleotide synthesis market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In October 2016, Nitto Denko Avecia Inc. acquired Irvine Pharmaceutical Services and Avrio Biopharmaceuticals, to expand its oligonucleotide drug business. Merck KGaA, Agilent Technologies, LGC Biosearch Technologies, Eurofins Genomics, Eurogentec, GE Healthcare, Thermo Fisher Scientific, and Nitto Denko Avecia Inc. are the key players offering oligonucleotide synthesis.

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