Global Oligonucleotide Pool Market Research Report: Information by Type (DNA and RNA), Application (Research, Diagnostics & Therapeutics and other), End User (Commercial Research, Pure Academic Research and other) and Region (North America, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027
Market Insights
Market Research Future's report on the global oligonucleotide pool market has divulged several key observations for the upcoming forecast period. The growth of the market is anticipated at a CAGR of 8.5% during the forecast period. Oligonucleotides have extensive applications in research, genetic testing, and forensics to name a few. Used extensively in DNA microarray which is a fast-growing healthcare trend due to the demand for personalized medicine. The global oligonucleotide market is expected to yield a market value of approximately USD 2.32 Bn by the end of 2022.
Oligonucleotides, due to their significance in DNA microarrays have found highly important healthcare applications which are promising for the advancement of medicine as a whole. Increasing demand for effective treatment has resulted in pharmaceutical giants investing significant funds for drug development activities. Oligonucleotides are synthesized by solid-phase chemical synthesis and have crucial applications in DNA sequencing, DNA library construction, in molecular probes, artificial gene synthesis, and others. As a result, increased involvement of contract manufacturing organizations for the manufacturing of therapeutic oligonucleotides has been observed. The wide number of applications of oligonucleotides are indicative of the shift toward the demand for personalized medicine which offers effective treatment routes which are specific to the patient.
Presently complexity in the manufacturing of oligonucleotides and their subsequent inaccuracy are points of contention which slow market growth. However, rapidly advancing technology, and large investments in the research of oligonucleotide therapeutics are expected to offer opportunities for market growth in the coming years.
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Market Segmentation
The global oligonucleotide market is segmented on the basis of types, applications, end users, and region. By types, the market is divided into RNA pool and DNA pool. Between these, the DNA pool holds the most significant share of over 66% due to the extensive use of oligonucleotide in gene expression and other DNA based applications.
By application, the market is segmented to include diagnostics & therapeutics, research, and others. Research is a vital part of the market currently due to the ongoing development of technology which has not yet yielded an accurate method by which oligonucleotide therapeutics may be created and used.
By end-users, the market is segmented into commercial research, pure academic research, and others.
Regional Analysis
Led by the U.S, the North American regional market represents the largest share in the global oligonucleotide market. The region is set to grow at a CAGR of 8.6% during the forecast period. North America has a number of leading market players who are carrying out extensive R&D activities to increase their presence in the market while providing offerings which further market growth. Additionally, the region has advanced healthcare infrastructure and a large healthcare budget.
The Asia Pacific is anticipated to witness growth at the highest CAGR of 9.2% during the forecast period. The region is growing rapidly due to the swift economic growth being witnessed. Emerging economies in the region have been key in demanding high quality and advanced healthcare solutions. Moreover, rapid urbanization and increase in disposable incomes combined with the growing prevalence of genetic diseases are some important factors driving the growth of the oligonucleotides market in the APAC region.
Key Players
CustomArray Inc, Integrated DNA Technologies Inc, Sigma Aldrich, MYcroarray, TriLink BioTechnologies, Twist Bioscience, Agilent Technologies, and Creative Biogene are among the prominent players in the market who have been profiled in MRFR's analysis of the competitive landscape of the global oligonucleotide market.
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