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Oligonucleotide Testing Market Share, Size,Growth,
Opportunities, Research and Forecasts to 2024 | Hexa Research
“ The global oligonucleotide testing market to reach USD 1,746.52 million by
2024.”
20 November 2018
The global oligonucleotide testing market to reach USD 1,746.52 million by 2024, owing to the increasing
research and development activities in the field of oligonucleotide. For instance, nowadays, multifunctional
oligonucleotide based aptamer molecules are widely studied biomedical class among scienti sts across the
globe. Due to its unique chemistry and potential advantages compared to currently available drugs (i.e.
antibodies), aptamer became one of the most budding market for the future period.
With the rising concept of oligonucleotide as diagnostic, research and therapeutic agent, it is noticed that
companies investigating the potential of oligonucleotide is going up. Number of small companies or start -ups
entering the market is continuously increasing due to its potential advantages. Over the pas t few years, there
has been explosive growth in number of research article published in the area of oligonucleotide and its
products. According to the open access journal Multidisciplinary Digital Publishing Institute (MDPI AG), in
1995, there were not more than 200 research articles on aptamers. Compare to this, now it is around 1800
research literatures published by scientist on aptamer assays or therapeutics. This number indicates that
companies focusing on the oligonucleotide drugs is rising every year. This fact would in turn cause a surge in
demand for oligonucleotide testing services, augmenting growth. However, strict regulatory framework is
anticipated to hamper the market expansion to some extent.
Types segment is categorized into Instrument, Software, and Services. Among which, instrument segment
captured the largest share of the total market. Introduction of technological advanced chromatographic
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