Oligonucleotide Synthesis Market to cross $2.7 Billion by 2023: P&S Market Research

NEW YORK, March 23, 2018 (GLOBE NEWSWIRE) -- According to P&S Market Research, Oligonucleotide synthesis market size is set to cross $2.7 billion by 2023, growing at a CAGR of 10.5% between 2017-2023. The oligonucleotide synthesis industry is driven by factors such as recent advances in oligonucleotide synthesis, increasing support from government organizations, increasing research activities in synthetic biology, and increasing burden of cancer and infectious diseases.

Request for Sample Copy of this Research Report: https://www.psmarketresearch.com/market-analysis/oligonucleotide-synthesis-market/report-sample

In terms of application, the oligonucleotide synthesis market is categorized into research, diagnostic and therapeutic. Research has been the largest segment of the market, where it was estimated to contribute 65.2% to the market in 2016. Diagnostic segment is expected to contribute 21.0% revenue to the market in 2023.

Based on end user, the oligonucleotide synthesis market is categorized into academic research, diagnostic laboratory, pharmaceutical & biotechnology companies, and others. The other end users of oligonucleotide synthesis products include, but are not limited to, food and beverage companies and forensic laboratories. The contribution of academic research institute to the global market was estimated at 42.0% in 2016. The market in diagnostic laboratories are expected to grow at a CAGR of 10.9% during the forecast period.

Europe is one of the key regions for oligonucleotide synthesis market. The European market for oligonucleotide synthesis is expected to reach $743.0 million by 2023. The market is witnessing significant growth, primarily due to the increasing research and development activities, advances in technology, developed infrastructure, and increased public and private funding for the development of novel therapeutics. Moreover, the increase in demand for reducing healthcare cost, high prevalence of cancer and infectious diseases, and high healthcare expenditure fuel the development of the European oligonucleotide synthesis industry. The U.K. is the largest as well as the fastest growing country in the European oligonucleotide synthesis industry. The U.K. and Germany, the second largest market in Europe, are expected to exhibit a CAGR of 10.9% and 10.8%, respectively, higher than the CAGR of 10.5% of the European oligonucleotide synthesis market.

Browse Full Report with detailed TOC on “Oligonucleotide Synthesis Market” at: https://www.psmarketresearch.com/market-analysis/oligonucleotide-synthesis-market

Some of the key players in the oligonucleotide synthesis market include LGC Biosearch Technologies, Inc., Bioautomation Corporation, Integrated DNA Technologies, Inc., GeneDesign, Inc., Trilink Biotechnologies LLC, Merck KGaA KGaA, Eurofins Scientific SE, Thermo Fisher Scientific ., General Electric and Eurogentec S.A.

More Reports Published by P&S Market Research

Microbial Identification Market

The global microbial identification market was valued at $951.8 million in 2015, and it is expected to grow at a CAGR of 6.0% during the period 2016 - 2022. The global market is increasing, due to increasing incidence of infectious diseases, increasing healthcare expenditure, growing awareness and food safety concerns. In addition, technological advancements with advent of innovative microbial identification products are further encouraging the market growth.

https://www.psmarketresearch.com/market-analysis/microbial-identification-market

Synthetic Biology Market

The global synthetic biology market was valued at $3,933.9 million in 2014, and it is expected to grow with a CAGR of 35.4% during the period 2015 - 2020. The global synthetic biology market is growing, due to increasing support from government organizations, and growing geriatric population. In addition, the innovative and advanced applications of synthetic biology, increasing research activities, and increasing R&D investments in drug discovery and development are also supporting the growth of this market.

https://www.psmarketresearch.com/market-analysis/synthetic-biology-market

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
P&S Market Research

347, 5th Ave. #1402

New York City, NY - 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: enquiry@psmarketresearch.com

Web: https://www.psmarketresearch.com

Connect Group with us: LinkedIn | Twitter |  Alphabet + |  Facebook