Article -> Article Details
| Title | Phosphoramidite Market Growth Rate 2022 Leading Players and Corporate Strategies |
|---|---|
| Category | Business --> Healthcare |
| Meta Keywords | Phosphoramidite Market , Phosphoramidite Market report, Phosphoramidite industry, Phosphoramidite Market size, Phosphoramidite , oligonucleotides |
| Owner | bis swati |
| Description | |
| The global phosphoramidite market is continually growing and dynamic, providing numerous prospects for life sciences enterprises. Additionally, businesses that are already engaged in the phosphoramidite development stage are working to introduce a variety of manufacturing choices to the market in an attempt to improve the standard of oligonucleotides. Nowadays, businesses involved in the global phosphoramidite market are putting more of an emphasis on premium and customised products. Major companies including Merck KGaA, Maravai LifeSciences Holdings, Inc., LGC Science Group Holdings Limited, and Thermo Fisher Scientific Inc. are also making significant investments in research and development for the phosphoramidite goods they are developing. The global phosphoramidite market is projected to reach $2,062.9 million by 2032 from $900.3 million in 2021, at a CAGR of 7.78% during the forecast period 2022-2032. The market growth can be ascribed to the rising demand for oligonucleotides, growing synthetic biology market, increasing partnerships and collaborations, continuous investment for research and development activities by private and public firms, and growing prevalence of several diseases creating an urgent need for novel therapeutic treatments.
Impact Before the discovery of phosphoramidites in 1981, deoxyribonucleic acid (DNA) synthesis techniques were restricted in the quality of DNA produced. Inefficient reactions generated truncated oligonucleotide sequences. Additionally, intermediates utilized in the synthesis process were highly unstable, predisposing the growing oligonucleotide sequence to damage. Together, several characteristics of phosphoramidites have enabled the chemistry to work well for a long time. Phosphoramidite chemistry is of fundamental importance for producing synthetic oligonucleotides that can be further utilized in a range of different areas, for instance, as primers for a polymerase chain reaction, oligonucleotide-based therapies, and genetic engineering. Millions of synthetic oligonucleotides are employed in research laboratories, pharmaceutical industries, and hospitals. The phosphoramidite chemistry is unlikely to be replaced by emerging technologies, as the demand for primers and short-length DNA sequences is burgeoning within pharmaceuticals, synthetic biology, and molecular diagnostic industries. Essentially, synthetic DNA is applied for the discovery and engineering of biological pathways, making DNA synthesis a breakthrough of the last century. Thus, the market is anticipated to grow significantly during the forecast period 2022-2032. Recent Developments in the Global Phosphoramidite Market • In August 2019, the company acquired 75% ordinary capital of the parent company of Toronto Research Chemicals Inc., i.e., Biomed Pharmaceutical Limited. Global Phosphoramidite Market Segmentation
Demand - Drivers and Limitations Following are the demand drivers for the global phosphoramidite market: • Increasing Synthetic Nucleotide Applications in Therapeutics The market is expected to face some limitations due to the following challenges: • Challenges in Developing Long Nucleotide Sequences Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company’s coverage, product portfolio, and market penetration. Some of the prominent names in this market are: • Biosynth Carbosynth
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How can this report add value to an organization?Innovation Strategy: The global phosphoramidite report can help the reader gain a holistic view of the current and future global phosphoramidite market, including the competitive landscape, market size, and factors impacting the industry. Growth/Marketing Strategy: The global phosphoramidite market has seen major development by key players operating in the market, such as acquisitions, business expansion and funding, and other developments. The favored strategy for the companies has been business expansion activities along with acquisitions to strengthen their position in the market. Competitive Strategy: Key players in the global phosphoramidite market have been analyzed and profiled in the study. Moreover, a detailed competitive benchmarking of players operating in the global phosphoramidite market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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