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24 May 2021 15:14
Oligonucleotide Synthesis Market Size, Future Forecasts, Growth Rate, And Industry Analysis To 2029
Global oligonucleotide synthesis market is expected to reach USD 8,200 million in 2026 at a CAGR of 14.2% during the forecast period of 2019–2026.
Oligonucleotide Synthesis Market 2021:
Research report provided by Straits Research is a detailed study of the
Oligonucleotide Synthesis Market,the statistical surveying report focuses on the product specifications, cost, production capacity, marketing channel, list of the distributors, and a comprehensive analysis of the import and export of the product. Upstream raw materials, downstream demand analysis, as well as the list of co
The Factors such as a wide range of applications of synthetic biology, the rising R&D funding and growing initiatives in synthetic biology, declining cost of DNA sequencing and synthesizing, and increasing investments in the market are propelling the growth of this market. However, biosafety, biosecurity, and ethical concerns related to synthetic biology would hamper the growth of this market.
The oligonucleotides and synthetic DNA segment accounted for the largest share of the tool segment in the synthetic biology market in 2020.
On the basis of tool, the market is broadly segmented into oligonucleotides & synthetic DNA, enzymes, cloning technology kits, synthetic cells, chassis organisms, and xeno-nucleic acids. In 2020, oligonucleotides & synthetic DNA accounted for the largest share of the market for tools. These segments large share can be attributed to factors such as rising demand for synthetic DNA, synthetic RNA, and synthetic genes, which are used in a wide range of applic