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What Growth Rate is the Oligonucleotide Synthesis Market Anticipated to Experience from 2024-2033?

In the past few years, the market size for oligonucleotide synthesis has seen significant expansion. It is projected that the market will escalate from $8.85 billion in 2023 to $10.27 billion in 2024, displaying a compound annual growth rate (CAGR) of 16.0%. The development in the historic period can be ascribed to progress in biomedical research, therapeutic advancement, biotechnological innovation, genomic studies, and the rise in DNA technologies.

In the coming years, the market size for oligonucleotide synthesis is projected to witness speedy expansion. It is anticipated to inflate to $18.67 billion by 2028, with a compound annual growth rate (CAGR) of 16.1%. The projected escalation during the forecast period can be linked to the advent of diagnostic instruments, RNA interference (RNAi) therapies, restorative medicine, nanotechnology application, and gene editing advancements. The forecast period is also expected to see significant trends like targeted drug development, innovative distribution systems, automated synthesis, CRISPR-Cas technology, and Next-Generation Sequencing (NGS).

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What Are the Significant Influencers of Growth in the oligonucleotide synthesis Market?

The escalating rates of chronic disease incidents are anticipated to boost future growth for the oligonucleotide synthesis market. Chronic diseases, which extend for a year or longer, demanding persistent medical care and potentially exacerbating over time, are influenced by gene expression targeted by oligonucleotides. The manifestation of chronic diseases can be modified by oligonucleotides by targeting mRNA, pre-mRNA, or non-coding RNA to adjust splicing events, encourage degradation, or disrupt protein translation. For example, records from the Belgium-based International Diabetes Federation showed that in January 2022 the prevalence of diabetes in individuals aged 20-79 was 536.6 million in 2021 and was expected to rise by 12.2% in 2045. Adding to this, the World Health Organization, an agency of the United Nations, stated in September 2022 that out of the global total deaths due to non-communicable diseases (NCDs) or chronic diseases, 41 million were reported annually, accounting for 74%. Among these deaths, 17.9 million were attributed to cardiovascular problems, 9.3 million to cancer, 4.1 million to chronic respiratory complications, and 2.0 million to diabetes. Consequently, the ubiquity of chronic and rare disease occurrences is fueling the expansion of the oligonucleotide synthesis market.

What Key Segments Define the Oligonucleotide Synthesis Market?

1) By Type: Custom Oligos, Predesigned Oligos

2) By Product Type: Oligonucleotides, Reagents, Equipment, Services, Purification, Modification

3) By Application: Therapeutic Applications, Research Applications, Diagnostic Applications

What Are the Key Developments Shaping the Oligonucleotide Synthesis Market?

The oligonucleotide synthesis market is experiencing an increasing trend towards product innovation. To maintain their market standing, key companies in this sector are driving their efforts towards the creation of groundbreaking products. Take, for instance, the DNA Script’s launch of Syntax in July 2021. A French company that specializes in DNA synthesis, DNA Script introduced Syntax, a desktop DNA printer, aimed at genomics and molecular biology applications. The printer, which is powered by DNA Script’s enzymatic DNA synthesis (EDS) technology, allows for the on-site production of DNA oligonucleotides (oligos), essential for genomics workflow. Syntax, as a system, is composed of a desktop DNA printer, consumable and reagent kits, and management software. The start-up time for Syntax is under 15 minutes, and it can produce 20 meters in as little as six hours, and up to 60 meters in a mere 13 hours. Upon completion of synthesis, the printer performs purification, quantification, and normalization of the oligos, making them ready for utilization in the subsequent phase of the research process.

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What Regions Are Driving Expansion in the Oligonucleotide Synthesis Market?

North America was the largest region in the oligonucleotide synthesis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oligonucleotide synthesis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Oligonucleotide Synthesis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the oligonucleotide synthesis market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Oligonucleotide Synthesis Market Include

1. Oligonucleotide Synthesis Market Executive Summary

2. Oligonucleotide Synthesis Market Segments

3. Oligonucleotide Synthesis Market Size And Template Market Growth Rate

4. Key Oligonucleotide Synthesis Market Trends

5. Major Oligonucleotide Synthesis Market Drivers

……

25. Key Mergers And Acquisitions In The Oligonucleotide Synthesis Market

26. Top Oligonucleotide Synthesis Companies

27. Oligonucleotide Synthesis Market Opportunities And Strategies

28. Oligonucleotide Synthesis Market, Conclusions And Recommendations

29. Appendix

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