The oligonucleotide synthesis market size has grown rapidly in recent years. It will grow from $8.85 billion in 2023 to $10.27 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The expansion observed during the historical period can be attributed to several factors, including advancements in biomedical research, the development of therapeutics, innovations in biotechnology, genomic studies, and the increasing utilization of DNA technologies.
The oligonucleotide synthesis market size is expected to see rapid growth in the next few years. It will grow to $18.67 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The anticipated growth in the forecast period can be attributed to the emergence of new diagnostic tools, the development of RNA interference (RNAi) therapies, advancements in regenerative medicine, applications of nanotechnology, and progress in gene editing technologies. Noteworthy trends expected in the forecast period encompass targeted drug development, innovative delivery systems, automated synthesis, the adoption of CRISPR-Cas technology, and the continued evolution of next-generation sequencing (NGS).
The projected growth in the oligonucleotide synthesis market is expected to be propelled by the increasing prevalence of chronic diseases. Chronic diseases, characterized by lasting one year or longer and requiring ongoing medical attention, are a global health concern. Oligonucleotides play a crucial role in addressing chronic diseases by acting on gene expression through various mechanisms. They can target mRNA, pre-mRNA, or non-coding RNA to modulate splicing events, induce degradation, or interfere with protein translation. For instance, the global prevalence of diabetes is projected to increase by 12.2% in 2045, reaching 536.6 million individuals in the 20–79 age group, as reported by the International Diabetes Federation in January 2022. Additionally, chronic diseases, including cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes, contribute to a significant percentage (74%) of global non-communicable disease-related deaths, with 41 million deaths annually, according to the World Health Organization in September 2022. This rising prevalence of chronic and rare diseases is a key driver fueling the growth of the oligonucleotide synthesis market.
The increasing demand for personalized medicine is expected to contribute to the market's growth. Personalized medicine, also known as precision medicine, leverages an individual's genetic and molecular profile to tailor prevention and treatment strategies. Oligonucleotide synthesis plays a vital role in developing precision medicines by providing small-molecule drugs composed of synthetically modified RNA or DNA strands that target specific cellular processes. The Personalized Medicine Coalition (PMC) reported in October 2022 that there will be over 75,000 genetic testing products and 300 personalized medicines on the market, catering to individuals with various types of cancer, genetic rare diseases, and a range of chronic and infectious diseases. The increasing demand for personalized medicine is thus identified as a significant driver for the oligonucleotide synthesis market's growth.
Product innovation stands out as a key trend gaining traction in the oligonucleotide synthesis market, with major companies actively developing innovative products to maintain their market positions. One notable example is the launch of Syntax by DNA Script, a France-based DNA synthesis company, in July 2021. Syntax is a benchtop DNA printer designed for molecular biology and genomics applications, enabling on-site synthesis of DNA oligonucleotides (oligos) in genomics workflows. Powered by the enzymatic DNA synthesis (EDS) technology, Syntax is the company's first tabletop nucleic acid printer, offering a comprehensive system with a desktop DNA printer, consumables and reagent kits, and management software. The printer, with a quick setup time of less than 15 minutes, can synthesize significant lengths of DNA in a matter of hours and provides purified, quantified, and normalized oligos for subsequent research stages.
Major companies in the oligonucleotide synthesis market are focusing on introducing novel synthesis techniques, such as de novo synthesis, to gain a competitive edge. In March 2023, Ansa Biotechnologies, a U.S.-based biotechnology company, achieved a significant milestone by successfully de novo synthesizing the longest oligonucleotide in the world, comprising 1005 bases. This sequence encodes a crucial part of an Adeno-Associated Virus (AAV) vector used in gene therapy development. Overcoming challenges related to strong secondary structures and high GC content, this achievement allows for the direct synthesis of gene-length sequences, impacting the fields of genetic engineering and biotechnology.
In October 2021, Biotage AB, a prominent life sciences company based in Sweden, successfully completed the acquisition of ATDBio, a leading oligonucleotide synthesis company based in the United Kingdom. The financial details of the transaction remain undisclosed. This strategic acquisition positions Biotage to expand its portfolio by incorporating platform solutions for DNA and RNA oligonucleotide synthesis and purification.
Major companies operating in the oligonucleotide synthesis market report are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE HealthCare Technologies Inc., Eurofins Scientific SE, Agilent Technologies Inc., Nitto Denko Avecia Inc., Alnylam Pharmaceuticals Inc., Maravai Life Sciences, LGC Limited, Ionis Pharmaceuticals Inc., GenScript Inc., Ajinomoto Bio-Pharma Services, Sarepta Therapeutics Inc., Integrated DNA Technologies Inc., Twist Bioscience Corporation, Eurogentec SA, Kaneka Eurogentec S.A., Biocomma Limited, Bio-Synthesis Inc., TriLink BioTechnologies Incorporated, Generi Biotech s.r.o., ATDBio Ltd., BioAutomation Corporation, Biolegio B.V., Dharmacon Research Inc.
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 countries covered in the oligonucleotide synthesis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are two primary types of oligonucleotide synthesis, custom oligos and predesigned oligos. Custom oligos are produced through solid-phase chemical synthesis, where the nucleic acids A, T, C, and G are sequentially added to create a chain of nucleotides. The range of products involved in this process includes oligonucleotides, reagents, equipment, services, purification, and modification. These products find applications in various fields, such as therapeutic applications, research applications, and diagnostic applications. Oligonucleotide synthesis is a versatile tool that plays a crucial role in creating tailored genetic sequences for diverse purposes in the scientific and medical communities.
The oligonucleotide synthesis market research report is one of a series of new reports that provides oligonucleotide synthesis market statistics, including oligonucleotide synthesis industry global market size, regional shares, competitors with a oligonucleotide synthesis market share, detailed oligonucleotide synthesis market segments, market trends and opportunities, and any further data you may need to thrive in the oligonucleotide synthesis industry. This oligonucleotide synthesis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oligonucleotide synthesis market consists of revenues earned by entities by providing non-coding RNA inhibition, splicing modulation, gene activation, and programmed gene editing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The oligonucleotide synthesis market also includes sales of RNAi oligonucleotides, antisense oligonucleotides, condensation activators, sulphur-transfer reagents, and deprotection reagents. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The oligonucleotide synthesis market size is expected to see rapid growth in the next few years. It will grow to $18.67 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The anticipated growth in the forecast period can be attributed to the emergence of new diagnostic tools, the development of RNA interference (RNAi) therapies, advancements in regenerative medicine, applications of nanotechnology, and progress in gene editing technologies. Noteworthy trends expected in the forecast period encompass targeted drug development, innovative delivery systems, automated synthesis, the adoption of CRISPR-Cas technology, and the continued evolution of next-generation sequencing (NGS).
The projected growth in the oligonucleotide synthesis market is expected to be propelled by the increasing prevalence of chronic diseases. Chronic diseases, characterized by lasting one year or longer and requiring ongoing medical attention, are a global health concern. Oligonucleotides play a crucial role in addressing chronic diseases by acting on gene expression through various mechanisms. They can target mRNA, pre-mRNA, or non-coding RNA to modulate splicing events, induce degradation, or interfere with protein translation. For instance, the global prevalence of diabetes is projected to increase by 12.2% in 2045, reaching 536.6 million individuals in the 20–79 age group, as reported by the International Diabetes Federation in January 2022. Additionally, chronic diseases, including cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes, contribute to a significant percentage (74%) of global non-communicable disease-related deaths, with 41 million deaths annually, according to the World Health Organization in September 2022. This rising prevalence of chronic and rare diseases is a key driver fueling the growth of the oligonucleotide synthesis market.
The increasing demand for personalized medicine is expected to contribute to the market's growth. Personalized medicine, also known as precision medicine, leverages an individual's genetic and molecular profile to tailor prevention and treatment strategies. Oligonucleotide synthesis plays a vital role in developing precision medicines by providing small-molecule drugs composed of synthetically modified RNA or DNA strands that target specific cellular processes. The Personalized Medicine Coalition (PMC) reported in October 2022 that there will be over 75,000 genetic testing products and 300 personalized medicines on the market, catering to individuals with various types of cancer, genetic rare diseases, and a range of chronic and infectious diseases. The increasing demand for personalized medicine is thus identified as a significant driver for the oligonucleotide synthesis market's growth.
Product innovation stands out as a key trend gaining traction in the oligonucleotide synthesis market, with major companies actively developing innovative products to maintain their market positions. One notable example is the launch of Syntax by DNA Script, a France-based DNA synthesis company, in July 2021. Syntax is a benchtop DNA printer designed for molecular biology and genomics applications, enabling on-site synthesis of DNA oligonucleotides (oligos) in genomics workflows. Powered by the enzymatic DNA synthesis (EDS) technology, Syntax is the company's first tabletop nucleic acid printer, offering a comprehensive system with a desktop DNA printer, consumables and reagent kits, and management software. The printer, with a quick setup time of less than 15 minutes, can synthesize significant lengths of DNA in a matter of hours and provides purified, quantified, and normalized oligos for subsequent research stages.
Major companies in the oligonucleotide synthesis market are focusing on introducing novel synthesis techniques, such as de novo synthesis, to gain a competitive edge. In March 2023, Ansa Biotechnologies, a U.S.-based biotechnology company, achieved a significant milestone by successfully de novo synthesizing the longest oligonucleotide in the world, comprising 1005 bases. This sequence encodes a crucial part of an Adeno-Associated Virus (AAV) vector used in gene therapy development. Overcoming challenges related to strong secondary structures and high GC content, this achievement allows for the direct synthesis of gene-length sequences, impacting the fields of genetic engineering and biotechnology.
In October 2021, Biotage AB, a prominent life sciences company based in Sweden, successfully completed the acquisition of ATDBio, a leading oligonucleotide synthesis company based in the United Kingdom. The financial details of the transaction remain undisclosed. This strategic acquisition positions Biotage to expand its portfolio by incorporating platform solutions for DNA and RNA oligonucleotide synthesis and purification.
Major companies operating in the oligonucleotide synthesis market report are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, GE HealthCare Technologies Inc., Eurofins Scientific SE, Agilent Technologies Inc., Nitto Denko Avecia Inc., Alnylam Pharmaceuticals Inc., Maravai Life Sciences, LGC Limited, Ionis Pharmaceuticals Inc., GenScript Inc., Ajinomoto Bio-Pharma Services, Sarepta Therapeutics Inc., Integrated DNA Technologies Inc., Twist Bioscience Corporation, Eurogentec SA, Kaneka Eurogentec S.A., Biocomma Limited, Bio-Synthesis Inc., TriLink BioTechnologies Incorporated, Generi Biotech s.r.o., ATDBio Ltd., BioAutomation Corporation, Biolegio B.V., Dharmacon Research Inc.
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 countries covered in the oligonucleotide synthesis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
There are two primary types of oligonucleotide synthesis, custom oligos and predesigned oligos. Custom oligos are produced through solid-phase chemical synthesis, where the nucleic acids A, T, C, and G are sequentially added to create a chain of nucleotides. The range of products involved in this process includes oligonucleotides, reagents, equipment, services, purification, and modification. These products find applications in various fields, such as therapeutic applications, research applications, and diagnostic applications. Oligonucleotide synthesis is a versatile tool that plays a crucial role in creating tailored genetic sequences for diverse purposes in the scientific and medical communities.
The oligonucleotide synthesis market research report is one of a series of new reports that provides oligonucleotide synthesis market statistics, including oligonucleotide synthesis industry global market size, regional shares, competitors with a oligonucleotide synthesis market share, detailed oligonucleotide synthesis market segments, market trends and opportunities, and any further data you may need to thrive in the oligonucleotide synthesis industry. This oligonucleotide synthesis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The oligonucleotide synthesis market consists of revenues earned by entities by providing non-coding RNA inhibition, splicing modulation, gene activation, and programmed gene editing services. The market value includes the value of related goods sold by the service provider or included within the service offering. The oligonucleotide synthesis market also includes sales of RNAi oligonucleotides, antisense oligonucleotides, condensation activators, sulphur-transfer reagents, and deprotection reagents. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Oligonucleotide Synthesis Market Characteristics3. Oligonucleotide Synthesis Market Trends and Strategies32. Global Oligonucleotide Synthesis Market Competitive Benchmarking33. Global Oligonucleotide Synthesis Market Competitive Dashboard34. Key Mergers and Acquisitions in the Oligonucleotide Synthesis Market
4. Oligonucleotide Synthesis Market - Macro Economic Scenario
5. Global Oligonucleotide Synthesis Market Size and Growth
6. Oligonucleotide Synthesis Market Segmentation
7. Oligonucleotide Synthesis Market Regional and Country Analysis
8. Asia-Pacific Oligonucleotide Synthesis Market
9. China Oligonucleotide Synthesis Market
10. India Oligonucleotide Synthesis Market
11. Japan Oligonucleotide Synthesis Market
12. Australia Oligonucleotide Synthesis Market
13. Indonesia Oligonucleotide Synthesis Market
14. South Korea Oligonucleotide Synthesis Market
15. Western Europe Oligonucleotide Synthesis Market
16. UK Oligonucleotide Synthesis Market
17. Germany Oligonucleotide Synthesis Market
18. France Oligonucleotide Synthesis Market
19. Italy Oligonucleotide Synthesis Market
20. Spain Oligonucleotide Synthesis Market
21. Eastern Europe Oligonucleotide Synthesis Market
22. Russia Oligonucleotide Synthesis Market
23. North America Oligonucleotide Synthesis Market
24. USA Oligonucleotide Synthesis Market
25. Canada Oligonucleotide Synthesis Market
26. South America Oligonucleotide Synthesis Market
27. Brazil Oligonucleotide Synthesis Market
28. Middle East Oligonucleotide Synthesis Market
29. Africa Oligonucleotide Synthesis Market
30. Oligonucleotide Synthesis Market Competitive Landscape and Company Profiles
31. Oligonucleotide Synthesis Market Other Major and Innovative Companies
35. Oligonucleotide Synthesis Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Oligonucleotide Synthesis Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on oligonucleotide synthesis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for oligonucleotide synthesis? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Danaher Corporation; Merck KGaA; GE HealthCare Technologies Inc.; Eurofins Scientific SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Merck KGaA
- GE HealthCare Technologies Inc.
- Eurofins Scientific SE
- Agilent Technologies Inc.
- Nitto Denko Avecia Inc.
- Alnylam Pharmaceuticals Inc.
- Maravai Life Sciences
- LGC Limited
- Ionis Pharmaceuticals Inc.
- GenScript Inc.
- Ajinomoto Bio-Pharma Services
- Sarepta Therapeutics Inc.
- Integrated DNA Technologies Inc.
- Twist Bioscience Corporation
- Eurogentec SA
- Kaneka Eurogentec S.A.
- Biocomma Limited
- Bio-Synthesis Inc.
- TriLink BioTechnologies Incorporated
- Generi Biotech s.r.o.
- ATDBio Ltd.
- BioAutomation Corporation
- Biolegio B.V.
- Dharmacon Research Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 10.27 Billion |
Forecasted Market Value ( USD | $ 18.67 Billion |
Compound Annual Growth Rate | 16.1% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |