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Oligonucleotide Synthesis Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

$2999

The global oligonucleotide synthesis market was valued at $5,197.50 million in 2020, and is projected to reach $26,099.90 million by 2030, registering a CAGR of 17.10% from 2021 to 2030.

Oligonucleotide synthesis is the chemical synthesis of relatively short fragments of nucleic acids with defined chemical structure (sequence). The technique is extremely useful in current laboratory practice because it provides a rapid and inexpensive access to custom-made oligonucleotides of the desired sequence.

Oligonucleotide-based drug is expected to remain dominant during the forecast period, owing to increase in number of FDA-approved drugs and a rich clinical pipeline of oligonucleotide-based drugs. Moreover, North America is expected to offer lucrative opportunities to the key players during the forecast period, due to growing R&D in life sciences, increase in focus on improving the safety & quality of healthcare, growth in demand for high-quality research tools for data reproducibility, and increase in focus on developing personalized therapeutics.


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