Glen Research (U.S.), Gene Link, Inc. (U.S.), GenScript USA Inc. (U.S.), GeneDesign, Inc. (Japan), Integrated DNA Technologies, Inc. (IDT) (U.S.), Link Technologies, Ltd. (U.K.)
(PRWEB) January 03, 2015
The global oligonucleotide synthesis market is expected to reach $1,712.1 million by 2019 from $1,070.7 million in 2014, growing at a CAGR of 9.8% from 2014 to 2019.
Prominent players in the oligonucleotide synthesis market are Agilent Technologies, Inc. (U.S.), BioAutomation Corporation (U.S.), BioSearch Technologies, Inc. (U.S.), Eurofins Genomics (Germany), Eurogentec (Belgium), GE Healthcare (U.K.), Glen Research (U.S.), Gene Link, Inc. (U.S.), GenScript USA, Inc. (U.S.), GeneDesign, Inc. (Japan), Integrated DNA Technologies, Inc. (IDT) (U.S.), Link Technologies, Ltd. (U.K.), Nitto Denko Avecia, Inc. (U.S.), Sigma-Aldrich Co. LLC. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), and TriLink BioTechnologies, Inc. (U.S.).
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The oligonucleotide synthesis market is a moderately consolidated market, divided into various segments. Each segment possesses different market players and leaders. For instance, the equipment market was led by BioAutomation Corporation (U.S.) in 2013. The company’s MerMade synthesizers are widely used for oligonucleotide synthesis. BioAutomation offers a full line of DNA/RNA oligonucleotide synthesizers as well as custom models to scientists and researchers in the field of biotechnology so as to cope with their changing requirements.
After acquiring Life Technologies, Thermo Fisher Scientific strengthened its oligonucleotide product portfolio. Thermo Fisher Scientific, Inc. (U.S.) led the oligonucleotide synthesis reagents market in 2013. The company has a wide product portfolio that includes primers, probes, reagents, phosphoramidites, and custom oligos. The company leverages its strong brand name and market presence in the market to gain a competitive edge. The company is innovation-centric and invests heavily in R&D. Moreover, it possesses a strong sales force, which helps it to sell its products efficiently. The company believes in growth both organic and inorganic for enhancing its market position.
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The key strategies followed by most companies in the oligonucleotide synthesis market are new product launches, agreements, collaborations, and partnerships, acquisitions, and expansions. Among all growth strategies being adopted by players in this field, agreements, collaborations, and partnerships, and acquisitions accounted for the largest share of the overall growth strategies mapped from 2011 to 2014. Some leading players adopting these strategies are BioAutomation Corporation (U.S.), Eurofins Genomics (Germany) and GE Life Sciences (U.S.). Expansions accounted for the second largest share of the overall growth strategies adopted by players in the market.
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