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The role of favourable government initiatives for the funding and increased research and development activities in pharmaceutical and biotechnology companies is leading to growth in the oligonucleotide synthesis market. In addition, the rising prevalence of synthesized oligos used in molecular diagnostics and clinical applications is the factor for rising market growth. North America has been a dominant regional market for oligonucleotide synthesis and is likely to continue its dominance in the market in the forecast period. The rising importance of life sciences research and development, owing to this region's rising focus on improving the safety and quality of healthcare, and the increasing focus on developing personalised therapeutics, has been catalysing the market for oligonucleotide synthesis. In addition, the ongoing government-sponsored projects are anticipated to improve genomic technologies, particularly DNA sequencing, DNA amplification, next-generation sequencing (NGS), and gene expression.
Several major and emerging oligonucleotides manufacturers are expanding their businesses through collaboration with pharmaceutical manufacturers. For instance, in August 2021, Agilent Technologies Inc. (NYSE: A) announced that its PD-L1 IHC 22C3 pharmDx assay had expanded its application in Europe. The assay is now CE-IVD marked for use to identify oesophageal cancer patients for treatment with KEYTRUDA using Combined Positive Score.
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The major players in the oligonucleotide synthesis market are Thermo Fisher Scientific Inc., Merck KGaA, Eurofins Scientific SE, Inc., Bio-Synthesis Inc., Agilent Technologies, and LGC Biosearch Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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