(Health-NewsWire.Net, January 18, 2016 ) Massive unexplored oligonucleotide synthesis market in emerging economies, such as India and China, are creating sufficient opportunities for the global oligonucleotide synthesis market to grow at a considerable rate during the projected years. In addition, most of the molecular biology techniques, such as polymerase chain reaction, DNA sequencing, and microarrays, require synthesized oligonucleotides; hence, propelling the demand for large scale production of oligonucleotides.
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Major players are focusing on the development of cost-effective methods for the synthesis of oligonucleotides such as use of recyclable and universal polymer support. However, synthesis of oligonucleotides in large scale is a major challenge in global oligonucleotide synthesis market. Usage of computer-aided instruments for automatic synthesis of oligonucleotide is trend in global oligonucleotide synthesis market.
The global oligonucleotide synthesis market is categorized as products type, applications, and end-users. Based on products type, the oligonucleotide synthesis market is categorized as equipment, reagents, and synthesized oligonucleotides. The synthesized oligonucleotide is estimated to grow at the fastest rate due to increasing usage of oligonucleotides in various applications.
Geographically, North America will be leading the global oligonucleotide synthesis market in the coming years due to high research and development activities, technological advancements, emerging applications of oligonucleotides, and presence of large number of lifesciences companies and academic and research institutes. Asia-Pacific is the fastest growing region in the global oligonucleotide synthesis market. The major reasons for the fastest growth in the region are increasing research and development expenditure in pharmaceutical and biotechnology industries and increasing demand for therapeutic drugs. Moreover, the oligonucleotide synthesis market is growing rapidly due to the government funding for research activities, increasing number of academic and research institutes in emerging economies, such as India and China, of Asia-Pacific region.
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Some of the major players operating in the global oligonucleotide synthesis market are Thermo Fisher Scientific, Inc., Biosearch Technologies, Inc. Bioautomation Corporation, Eurogentec, Genedesign, Inc., Sigma-Aldrich Corporation, Trilink Biotechnologies, Inc., and Integrated DNA Technologies, Inc. among others.
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