Global long-read sequencing market size is expected to reach USD 2,313.8 Million in 2028 and register a revenue CAGR of 21.1% over the forecast period, according to latest report by Emergen. Rapid advancement in third generation long-read sequencing techniques due to continuous research and development is driving long-read sequencing market revenue growth. Long-read sequencing is also known as third-generation sequencing technique for Deoxyribonucleic Acid (DNA). It is designed to determine nucleotide sequence of long sequence between 10,000 to 100,000 base pairs at a time.
The Long Read Sequencing report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Long Read Sequencing market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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Key Highlights of Report
- In December 2020, Eurofins Genomics launched an optimized, cost-effective, SARS-CoV-2, next-generation sequencing service providing full length viral genome sequences. This new next-generation sequencing (NGS) service and ARTIC NGS oligo kit have offered strong support to researchers in development of vaccines and in their fight against COVID-19 pandemic.
- Single-Molecule Real-Time (SMRT) sequencing segment accounted for a significantly large revenue share in 2020, owing to increasing demand by researchers across the world. SMRT sequencing offers high level of accuracy, due to low systematic bias and longer read lengths. Moreover, it is flexible as it can be used in sequencing of multiple sample types having different output length.
- Product segment registered a significantly large revenue share in 2020, owing to rising demand for different long-read sequencing products such as kit and assays, systems and software among various verticals.
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Agilent Technologies, Inc., Beijing Genomics Institute (BGI) Genomics Co., Ltd., Bionano Genomics, Inc., Illumina, Inc., Longas Technologies Pty. Ltd., Novogene Co., Ltd., Oxford Nanopore Technologies, Inc., Pacific Biosciences of California, Inc., Quantapore, Inc., and PerkinElmer, Inc.
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Furthermore, the report divides the Long Read Sequencing market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented global long-read sequencing market on the basis of technology, products and services, application, end use, and region:
- Technology Outlook (Revenue, USD Million, 2018–2028)
- Single-Molecule Real-Time (SMRT) Sequencing
- Nanopore Sequencing
- Synthetic Long-Read Sequencing
- Other Sequencing Technologies
- Products and Services Outlook (Revenue, USD Million, 2018–2028)
- Products
- Kits and Assays
- Systems
- Software
- Consumables
- Services
- Products
- Application Outlook (Revenue, USD Million, 2018–2028)
- Oncology
- Infectious Diseases
- Rare Diseases
- Genetic Disorders
- Metabolic Disorders
- Translational Research
- End Use Outlook (Revenue, USD Million, 2018–2028)
- Academic and Research Institutions
- Pharma and Biotech Companies
- Clinical Laboratories
- Hospitals and Clinics
- Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2021-2028. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the Long Read Sequencing Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Long Read Sequencing industry
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