Oligonucleotide Manufacturing Market: Key Growth Drivers and Roadblocks
by Roots Analysis Roots Analysis provides market research and consulOver the years, contract / custom service
providers have evolved significantly, acquiring specialized capabilities and
expertise in niche therapeutic classes. They have, in many ways, become the
ideal strategic partners for oligonucleotide-focused companies, capable of providing
end-to-end solutions to cater to the product development and manufacturing
needs of their clients. Further, the implementation of next generation
production technologies has not only simplified the production process for such
service providers, but also increased the overall demand for their services. In
fact, advanced technologies, as well as adoption and implementation of single
use systems has rendered the services of manufacturers more reliable.
Due to various reasons, including
exorbitant costs, complex manufacturing processes and other concerns, oligonucleotide
developers are compelled to outsource their operations to contract / custom service
providers. Although oligonucleotides are a small class of therapeutics, it is a
rapidly growing segment of the market. With the increasing number of
oligonucleotide therapeutics nearing the market, the manufacturing process is
gaining increased importance and is continuously being improved.
Further, manufacturers are continuously
scaling up their capabilities and opening new facilities in order to cope up
with the rising demand for oligonucleotides in near future. Despite some of
these factors supporting the future growth outlook, there are a considerable
number of challenges. However, the benefits offered by contract service
providers greatly outweigh the risks associated with employing the services of
a third-party manufacturing company. According to our estimates, the
oligonucleotide manufacturing market is anticipated to witness significant
growth in the coming years as the demand for outsourcing of manufacturing
activities continues to rise.
Complete report by Roots Analysis: Oligonucleotide
Synthesis, Modification and Purification Services Market: Focus on Research,
Diagnostic and Therapeutic Applications, 2020-2030
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Created on Jun 24th 2020 05:28. Viewed 239 times.