Oligonucleotide Pool Market Research by Type (DNA and RNA), Application (Diagnostics & Therapeutics, Research and other), End User (Commercial Research, Pure Academic Research and other) and Region (North America, Europe, Asia-Pacific and Middle East & Africa) – Global Industry Size, Growth, Technology, Opportunity, Regions and Trend Forecast till 2023.
The Global Oligonucleotide Pool Market is expected to register 10.3% CAGR and is anticipated to reach USD 2,562.6 Million by 2023.
Oligonucleotides are commonly manufactured in a laboratory by solid-phase chemical synthesis for the use in polymerase chain reaction (PCR), artificial gene synthesis, DNA sequencing, and library construction. These laboratories made oligonucleotides are also called as custom oligos.
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Major Industry Players Dashboard:
Some of the key strategies followed by the players operating in the global oligonucleotide pool and Synthesis market were innovation, product development, acquisition, and expansion.
Following are the Market Drivers in the Global Oligonucleotide Pool Market
Sigma-Aldrich Co. LLC (US)
Twist Bioscience (US)
Arbor Biosciences (US)
TriLink BioTechnologies Inc. (US)
Agilent Technologies (US)
Creative Biogene (US)
CustomArray Inc. (US)
Integrated DNA Technologies Inc. (US)
The global oligonucleotide pool market has been segmented into type, application, and end user.
Based on type, the global market has been divided into DNA and RNA.
Based on application, the global market has been segmented into research, diagnostics & therapeutics, and other.
Based on end-user, the global market has been segmented into commercial research, pure academic research, and other. The commercial research segment accounted for a market value of USD 817.9 million in 2017.
In the study published in the Journal Science, the team describes their technique, called DropSynth, stating that the process is better than conventional methods, as it offers access to a gene pool at substantially the same cost as an oligonucleotide pool. DropSynth makes hundreds of strands in a single tube, boosting tests of gene function; resultantly the cost of Synthetic gene has now slashed to USD 2 only.
LIST OF TABLES
TABLE 1 PRIMARY INTERVIEWS
TABLE 2 GLOBAL OLIGONUCLEOTIDE POOL MARKET, BY TYPE, 2015–2023 (USD MILLION)
TABLE 3 GLOBAL DNA OLIGONUCLEOTIDE POOL MARKET, BY REGION, 2015–2023 (USD MILLION)
TABLE 4 GLOBAL RNA OLIGONUCLEOTIDE POOL MARKET, BY REGION, 2015–2023 (USD MILLION)
TABLE 5 GLOBAL OLIGONUCLEOTIDE POOL MARKET, BY APPLICATION, 2017 & 2023 (USD MILLION)
TABLE 6 GLOBAL OLIGONUCLEOTIDE POOL MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
TABLE 7 GLOBAL OLIGONUCLEOTIDE POOL MARKET FOR RESEARCH, BY REGION, 2015–2023 (USD MILLION)
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The global oligonucleotide pool market owing to the presence of leading global players and encouraging governmental support for the research & development activities in healthcare. Moreover, factors such as the increased uptake of advanced technologies and high healthcare expenditures encourage market growth increasing demand for tests of gene functions, majorly contributes to the growth of the regional market. Heading with the rising demand, the region is expected to create a larger revenue pocket, globally, by 2022.
The European oligonucleotide pool market accounts for the second-largest market. Factors facilitating the growth of the regional market include the recent technological advancements and their huge uptake in the medical sector. Also, the rising healthcare expenditure is expected to foster market growth in the region with the rising demand for gene tests and increasing adoption of these techniques in various procedures.
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