IMARC Group, a leading market research company, has recently releases report titled “Long Read Sequencing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global long read sequencing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the long read sequencing market?
The global long read sequencing market is expected to exhibit a growth rate (CAGR) of 23.1% during 2023-2028.
What are long read sequencing?
Long-read sequencing, also known as third-generation sequencing, is a DNA sequencing method that allows for the sequencing of much longer continuous fragments of DNA compared to the shorter reads in earlier-generation methods. This technology can produce read lengths of up to 20,000 base pairs, with some platforms achieving even higher lengths, which are significantly longer than the 100-500 base pairs of traditional short-read sequencing. These long reads are particularly useful for navigating repetitive regions of the genome, identifying structural variations, and de novo genome assembly. Long-read sequencing also enables the direct detection of DNA modifications, providing additional layers of genetic information.
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What are the growth prospects and trends in the long read sequencing industry?
The rise in genomic research to understand complex genetic diseases and develop targeted treatments represents one of the key factors driving the growth of the market across the globe. Long-read sequencing is crucial for comprehensively studying genomic structures and functions, which is leading to its growing demand. Significant advances in long-read sequencing technologies are increasing their accuracy, reliability, and efficiency, thus making them a viable option for more researchers and clinical labs. The capability to generate significantly longer reads than second-generation sequencers and the ability to detect base modifications directly are bolstering the market growth.
Long-read sequencing holds promise in various clinical applications like diagnosing rare diseases, cancer research, and personalized medicine, where it provides comprehensive genomic information. Governments and private institutions are investing heavily in genomics research and precision medicine initiatives, providing financial impetus to the long-read sequencing market. The development of sophisticated bioinformatics tools to handle and analyze long-read sequencing data is creating a positive outlook for the growth of the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- BaseClear B.V.
- Future Genomics Technologies B.V.
- Genexa AG
- MicrobesNG
- Oxford Nanopore Technologies Limited
- Pacific Biosciences of California Inc.
- Promega Corporation
- Quantapore Inc.
- Roche Sequencing (F. Hoffmann-La Roche AG)
- Takara Bio Inc.
- Thermo Fisher Scientific Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
Breakup by Product:
- Instruments
- Consumables
- Others
Breakup by Application:
- Whole Genome Sequencing
- Epigenetics
- RNA Sequencing
- Targeted Sequencing
- Others
Breakup by End Use:
- Academic and Research Institutes
- Hospitals and Clinics
- Pharma and Biotech Companies
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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