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columns coupled with increasing demand for oligonucleotide synthesis drive the segment growth. Instrument
segment is further divided into liquid chromatography, mass chromatography and capillary electrophoresis.
In terms of application, the market is segmented as research and commercial. Research segment capture the
largest share owing to the strong product pipeline.
Browse Details of Report @ https://www.hexaresearch.com/research-report/oligonucleotide-testing-
market
In 2016, North America dominated the market contributing a share of more than 40% in the revenue
generated worldwide. The primary reason being the high growth of this region, particularly in the U.S.
is the rising research and development activities on oligonucleotides. Asia pacific region was estimated
to be the fastest growing region in the global market and is anticipated to grow at a CAGR of about
10.8% by 2024. The growing need for effective therapeutics, rising awareness level, coupled with the
favorable government initiatives are expected to drive growth in this region.
Currently there are very less approved oligonucleotide drugs namely fomivirsen (Vitravene),
pegaptanib (Macugen), and mipomersen (Kynamro). Of which mipomersen and fomivirsen acti through
RNase H mediated cleavage of targeted RNA. These drugs were developed by Ionis Pharmaceuticals.
As the number of drugs available in the market are less, the oligonucleotide pipeline is strong and is
expected to show positive response over the projection period.
Technological advances in development of oligonucleotide products has been one of the major market
driver. Oligonucleotide synthesis has undergone tremendous changes which has resulted in rapid
synthesis and cost-effective techniques of oligomer synthesis. Improvement of synthesis methods
which include high throughput synthesizers, better coupling reagents and new sets of protective amino
groups has drastically changed the nucleotide synthesis chemistry. With rapid development in
oligonucleotide synthesis, the testing market is also expected to show lucrative growth. The major
players are focusing on quality, service and innovation and adopting strategies such as product
portfolio expansion, capacity expansions, and development of new facilities to gain market share.
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industry
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