Thailand Oligonucleotide Synthesis Market Size & Outlook
Thailand oligonucleotide synthesis market, 2018-2030 (US$M)
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Thailand oligonucleotide synthesis market highlights
- The Thailand oligonucleotide synthesis market generated a revenue of USD 33.8 million in 2024 and is expected to reach USD 58.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.6% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating segment in 2024.
- Services is the most lucrative segment segment registering the fastest growth during the forecast period.
Oligonucleotide synthesis market data book summary
| Market revenue in 2024 | USD 33.8 million |
| Market revenue in 2030 | USD 58.6 million |
| Growth rate | 9.6% (CAGR from 2024 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oligonucleotides, Equipment/Synthesizer, Reagents, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, GE HealthCare Technologies Inc Common Stock, Agilent Technologies, Kaneka Corp, Heritage Global Inc, Twist Bioscience Corp, Bio-Synthesis, Biolegio |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.8% of the global oligonucleotide synthesis market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China oligonucleotide synthesis market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 868.4 million by 2030.
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Oligonucleotide Synthesis Market Scope
Oligonucleotide Synthesis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Thailand oligonucleotide synthesis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oligonucleotide synthesis market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 38.17% in 2024. Horizon Databook has segmented the Thailand oligonucleotide synthesis market based on oligonucleotides, equipment/synthesizer, reagents, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments by the Thai government and the growing biotech market are responsible for the country becoming a hub for precision medicine & genomic projects. Some of the projects undertaken by the Thailand government are the Genomics Thailand Initiative launched in 2019, the National Biobank of Thailand (NBT) established in 2019, and the Southeast Asian genome-sequencing project.
Over the past few years, the CDC and Ministry of Public Health in Thailand are developing intervention strategies to fight against high-risk diseases such as cancer, diabetes, and HIV. Furthermore, the prevalence of cancer has increased in the country, accounting for 19% of the overall deaths, followed by 12% of deaths due to ischemic heart disease and 10% due to stroke.
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Target buyers of Thailand oligonucleotide synthesis market databook
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Our clientele includes a mix of oligonucleotide synthesis market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand oligonucleotide synthesis market , including forecasts for subscribers. This country databook contains high-level insights into Thailand oligonucleotide synthesis market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand oligonucleotide synthesis market size, by segment, 2018-2030 (US$M)
Thailand Oligonucleotide Synthesis Market Outlook Share, 2024 & 2030 (US$M)
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