HOME › Research Insight › Custom Oligonucleotide Synthesis and Emerging Economies in Asia (China, Singapore, Malaysia, and India) are the New Revenue Pockets for theOligonucleotide SynthesisMarket
Custom Oligonucleotide Synthesis and Emerging Economies in Asia (China, Singapore, Malaysia, and India) are the New Revenue Pockets for theOligonucleotide SynthesisMarket
The oligonucleotide synthesis market across the globe is witnessing growth due to factors such asan increase in R&D expenditure in pharmaceutical and biotech companies,the emerging applications of oligos in the fields of molecular diagnostics and synthetic biology,the evolving significance of RNA-interference oligos in therapeutics and diagnostics, increasing venture capitalist andgovernmentalfunding, and rapid technological innovations. Key players are focusing on providing innovative customized products to cater to evolving requirements. With this view, companies are focusing on partnerships, collaborations, new product launches, and acquisitions to attain pole position in the market.
The oligonucleotide synthesis market is segmented into equipment, reagents, and synthesized oligonucleotides. The synthesized oligonucleotidessegmentshows lucrative growth potential and represents new revenue pockets. High growth in these markets can be attributed to the growth in custom oligos services and increasing demand for intermediate-scale synthesis products.
In the coming five years, growth in the oligonucleotide synthesis market is likely to be centered around China, Malaysia, Singapore, and India, thanks to the growing availability of synthesized oligos in the Asia-Pacific (APAC) region, along with an increase in R&D funding and activities. Furthermore, increasing focus of prominent players in the APAC market is another factor driving the growth of this market. For instance, in July 2013, Integrated DNA Technologies, Inc. (IDT) opened an oligonucleotides manufacturing facility in Singapore to cater to research companies in the APAC region, thereby establishing its footprint in the APAC market. Such developments are likely to spur growth in the APAC oligonucleotide synthesis market in the coming years.
Oligonucleotide Synthesis Market by Product & Services (Equipment, Reagent, Primer, Probe, Custom Oligos), End-User (Research, Pharmaceutical & Biotechnology), Application (Diagnostics, PCR, QPCR, Gene Synthesis, NGS, DNA, RNAi) - Global Forecast to 2019
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