DUBLIN--(BUSINESS WIRE)--The "Oligonucleotide Testing Market Size and Forecast by Type (Instrument (Liquid Chromatography, Mass Chromatography, Capillary Electrophoresis), Software, Service) by Application (Research, Commercial) and Trend Analysis, 2014-2024" report has been added to ResearchAndMarkets.com's offering.
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.
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 past few years, there has been explosive growth in number of research articles published in the area of oligonucleotide and its products.
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 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 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.
Companies Mentioned
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Integrated DNA Technologies, Inc.
- Agilent Technologies
- Bruker
Key Topics Covered:
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope
Chapter 3. Introduction
Chapter 4. Oligonucleotide Testing Market Trends: Drivers & Opportunities
Chapter 5. Oligonucleotide Testing Market, By Type
Chapter 6. Oligonucleotide Testing Market Trends, By Application
Chapter 7. Oligonucleotide Testing Market Trends, By Region
Chapter 8. Key Country Markets
Chapter 9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/fvr2fj/global?w=4
