Oligonucleotide Synthesis Market to Cross $2.5 Billion by 2023

ARKADELPHIA, Ark. - Dec. 14, 2020 - PRLog -- Though there are a set number of health conditions that can affect people, the actual effect they have can vary from one individual to another. This is because, though similar, every human is slightly different on the genetic level. Consequently, one treatment that works for one patient has no guarantee of working for another. With the realization of this fact, the medical specialty of personalized medicine has emerged, wherein the genetics of a person are studied to devise a suitable treatment.

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With time, oligonucleotide production (https://www.psmarketresearch.com/market-analysis/oligonucleotide-synthesis-market/report-sample) methods have evolved, and techniques that can offer large quantities of these biopharmaceuticals in a cost-effective manner are making it to pharma and biotechnology laboratories. In addition to the development of synthesizers with a high throughout, better coupling reagents and advanced protecting amino acid group sets are also helping in the penetration of such biopharmaceuticals in research, diagnostics, and therapeutics. One of the newer approaches to synthesizing these products is the microarray technology, which has allowed for the study of numerous conjugates of oligonucleotides with biological ligands.

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Moreover, the geriatric population is also booming in APAC, which is another reason the research on and usage of oligonucleotides would surge rapidly here. As people age, they become physically and immunologically weaker, which leads to a higher chance of various diseases, including infectious and non-infectious, in these people than those in the younger age groups. This is why, with the growing population of the elderly, the hospitalization rate is accelerating in the region and the demand for various therapies is rising.

Therefore, with increasing R&D in the medical field, the demand for artificially synthesized oligonucleotides will rise around the world.