Global Market for DNA Oligos Tops $700 Million Annually
07 September 2006 - 1:09AM
PR Newswire (US)
ARLINGTON, Va., Sept. 6 /PRNewswire/ -- According to the findings
of a new report from BioInformatics, LLC, total spending by
research scientists on synthetic DNA oligonucleotides (oligos) is
over US$700 million annually. In the last decade, the demand for
high quality oligonucleotides has risen with the focus on
microarray technologies and antisense clinical research. Oligos
represent a lucrative market for life science suppliers because
these tools are critical to a wide variety of research applications
and they are constantly being consumed with each experiment
performed. Because the overall market for oligos is considered
mature, suppliers are challenged to distinguish their brand from
the many others available to scientists. BioInformatics -- an
Arlington, VA-based market research and consulting firm -- recently
surveyed over 700 scientists who use synthetic oligos in their
research. The results of this survey are presented in a new report,
"The Global Market for Synthetic Oligonucleotides." This report
follows their 2004 report, "The U.S. Market for Synthetic
Oligonucleotides," allowing the new report to offer some trend
comparisons over the past two years. For DNA oligos, respondents
identified Integrated DNA Technologies as the dominant supplier.
The other top suppliers of DNA oligos are Invitrogen (NASDAQ:IVGN),
MWG Biotech, Operon Biotechnologies, and Sigma-Genosys (a division
of Sigma-Aldrich (NASDAQ:SIAL)). The full report presents the
ranking information in terms of how many respondents chose each
supplier as their "preferred" supplier, as well as market share
estimates based on both unit volume and revenue. "The exact order
of the ranking beyond the top spot varies depending on which metric
you use to look at the market. Some suppliers have a greater share
of the market in terms of sales than they do in terms of volume
sold, and vice versa. Those suppliers with a relatively greater
market share based on sales are able to charge a premium for their
oligo services. Suppliers whose sales shares are much lower than
their volume shares should consider ways to take advantage of their
market share position to raise their prices," stated Dr. Tamara
Zemlo, Director of Syndicated Research and Analysis for
BioInformatics. In addition to a thorough analysis of the DNA
oligos market, the new report from BioInformatics includes
extensive information on the market for RNA oligos as well. Dr.
Zemlo observed, "The market for RNA oligos is smaller than for DNA
oligos, however the rapid adoption of RNA inhibition technology,
combined with a renewed interest in antisense technology, has
increased the demand for RNA oligos." Top suppliers in the market
for RNA oligos are Ambion (a division of Applied Biosystems
(NYSE:ABI)), Dharmacon (a division of Fisher Scientific
(NYSE:FSH)), Invitrogen, and QIAGEN (NASDAQ:QGEN). For a
complimentary Executive Summary of this report, please visit
http://www.gene2drug.com/reports ABOUT BIOINFORMATICS, LLC
BioInformatics, LLC is a market research and consulting firm
located in Arlington, Virginia. BioInformatics supports marketing,
sales and R&D executives in the life science, medical device
and pharmaceutical industries through published research reports,
custom research and consulting. BioInformatics sponsors the world's
largest market research panel of scientific customers -- The
Science Advisory Board (http://www.scienceboard.net/) -- which
consists of more than 30,000 scientists, physicians and other life
science and medical professionals from 62 countries who participate
in surveys that address emerging technologies, test customer
reactions to new product concepts, measure brand awareness and
assess advertising effectiveness. For more information, please
contact: Amanda Donathen BioInformatics, LLC 2111 Wilson Blvd.,
Suite 250 Arlington, VA 22201 703.778.3080 x14 (phone) 703.778.3081
(fax) http://www.gene2drug.com/ DATASOURCE: BioInformatics, LLC
CONTACT: Amanda Donathen of BioInformatics, LLC, +1-703-778-3080,
x14, Fax: +1-703-778-3081, or Web site: http://www.gene2drug.com/
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