Oligonucleotide Synthesis Market
Global Oligonucleotide Synthesis Market: Segmentation
The global oligonucleotide synthesis market is segmented on the basis of end-use as academic research institutes, diagnostic laboratory, pharmaceutical and biotech firms, and others. Of these, diagnostic laboratories segment contributed for the largest market share. This is anticipated to acceptance of innovative techniques such as such as DNA microarrays, polymerase chain reaction, real-time polymerase chain reaction, and others. Based on the product, the global market is divided as equipment, synthesized oligonucleotide, reagent, primer, and probe. The synthesized oligonucleotide type segment is the dominating the oligonucleotide synthesis market in future mainly due to increasing use synthesized oligonucleotide in several key applications such as therapeutics, diagnostics, and research applications.
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Global Oligonucleotide Synthesis Market: Growth Factors
Increasing investments on R & D activities may fuel the global oligonucleotide synthesis market growth in near future. In addition, affirmative government support also escalates the market growth. Rising biotechnology and pharmaceutical sector also highly contributes to the global oligonucleotide synthesis market growth. Rising preferences for personalized medicine may also boost the market in future. Furthermore, new developments in the genomics are the key driver of the global oligonucleotide synthesis market. Moreover, synthetic genes may also propel the market in a positive way in future.