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Nucleotides Market Trends

Report ID: GMI7455 Published Date: November 2023Report Format: PDF
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Summary
Table of Content

Nucleotides Market Trends

  • The development of nucleotide-based therapeutics, including antisense oligonucleotides and RNA-based therapies, has gained momentum. Nucleotides play a crucial role in these therapeutic approaches, and the market has seen increased investment in drug development.
  • Nucleotide-based therapeutics are particularly well-suited for treating genetic and rare diseases. The ability to specifically target the underlying genetic causes of these conditions makes nucleotide-based approaches highly valuable.
  • Also, increased research in genomics and molecular biology is a major driver behind the growth of the market. Genomics, the study of entire genomes, and molecular biology, the study of biological molecules and their interactions within cells, heavily rely on nucleotides. Such aforementioned factors is expected to spur the market growth during the analysis period.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Who are the key nucleotides industry players?+

Agilent Technologies, F. Hoffmann-La Roche Ltd. (CustomBiotech), CJ CHEILJEDANG CORP., DAESANG, Jena Bioscience GmbH, MEIHUA HOLDINGS GROUP CO. LTD, Promega Corporation, and STAR LAKE BIOSCIENCE are some of the major nucleotides companies worldwide.

What factors are influencing nucleotides market growth in North America?+

North America nucleotides industry is expected to reach USD 420.2 million in revenue by 2032 due to the presence of leading biotechnology and pharmaceutical companies along with the availability of robust research infrastructure in the region.

Why is the nucleotides industry growing from diagnostic research?+

Nucleotides industry size from the diagnostic research segment recorded USD 382.4 million in 2022 and is expected to register appreciable CAGR from 2023-2032 owing to the ongoing advancements in nucleotide-based technologies.

How big is the nucleotides market?+

Nucleotides industry size was USD 588.4 million in 2022 and is expected to reach USD 1.1 billion by 2032 due to the rising demand for nucleotide-based therapeutics and increased research in genomics and molecular biology worldwide.

Nucleotides Market Scope

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