Oligo synthesis, also known as oligonucleotide synthesis, is a laboratory technique used to chemically synthesize short sequences of nucleic acids, typically DNA or RNA oligonucleotides. These oligonucleotides are composed of relatively short chains of nucleotides, usually less than 100 bases in length.
Oligos (or oligonucleotides) are commonly used as primers in PCR (polymerase chain reactions) to selectively amplify target DNA sequences. They can be tagged with fluorescent dyes or radioisotopes for detection purposes. Oligos are often used in DNA sequencing, gene synthesis, and genetic testing, and can be modified for gene therapies or gene expression.
According to the new market research report "Oligo Synthesis- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Oligo Synthesis market size is projected to grow from USD 644 million in 2023 to USD 1351 million by 2029, at a CAGR of 11.59% during the forecast period.
- Global Oligo Synthesis MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Oligo Synthesis- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Oligo Synthesis Top20 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Oligo Synthesis- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Oligo Synthesis include Thermo Fisher Scientific, Merck, Azenta Life Sciences, BBI Life Sciences, TriLink BioTechnologies, Aurigene Pharmaceutical Services, Integrated DNA Technologies (IDT), Cusabio, Macrogen, Synbio Technologies, etc. In 2022, the global top five players had a share approximately 44% in terms of revenue.
In terms of product application, Biotech Company is the largest application, hold a share of 75%,
Market Drivers:
- The continuous progress in genomics and proteomics research, driven by the increasing demand for understanding the genetic basis of diseases and the development of personalized medicine, fuels the need for custom-designed oligonucleotides.
- The expanding scope of molecular biology research in academic institutions and pharmaceutical companies propels the demand for oligo synthesis. Oligonucleotides are essential tools in techniques like PCR, DNA sequencing, and gene editing, contributing to a broad spectrum of biological studies and applications.
- Growing investments in life sciences research and development by both public and private sectors contribute to the expansion of the oligo synthesis market. Funding for genomics projects, drug discovery efforts, and molecular diagnostics initiatives supports the demand for custom oligonucleotides in diverse applications.
Challenges:
- Oligo synthesis can be an expensive process. The cost of raw materials, equipment, and skilled labor can contribute to the overall expense. Finding cost-effective solutions without compromising quality is a continuous challenge for companies in this market.
- The oligo synthesis market is competitive, with several companies offering similar services. This can lead to price wars and increased pressure on profit margins.
- Ensuring the quality and accuracy of synthesized oligonucleotides is crucial. Variability in synthesis processes and the possibility of errors in sequence composition can impact the final product. Maintaining stringent quality control measures is essential to meet the expectations of customers in research, diagnostics, and other applications.
Restraints:
- Oligonucleotide synthesis technologies continue to evolve, and companies need to stay at the forefront of these advancements to remain competitive. Investing in research and development to adopt new and improved synthesis methods can be challenging for smaller players.
- Meeting the diverse and specific requirements of customers for custom oligo synthesis can be challenging. The customization process may involve additional complexities, affecting the efficiency and speed of production.
- Disruptions in the supply chain, whether due to geopolitical factors, natural disasters, or unexpected events (as witnessed during the COVID-19 pandemic), can impact the availability of raw materials and equipment, leading to production delays and increased costs.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp