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The Worldwide Long Read Sequencing Industry is Expected to Reach $4.5 Billion by 2030 at a 14.74% CAGR
Global Long Read Sequencing Market
Dublin, Dec. 29, 2022 (GLOBE NEWSWIRE) -- The "Long Read Sequencing Market Size, Share & Trends Analysis Report by Technology (SMRT Sequencing), by Product, by Application, by Workflow, by End Use, Region and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global long read sequencing market size is expected to reach USD 4.53 billion by 2030, registering a CAGR of 14.74%, according to this report.
Companies Mentioned
Pacific Biosciences of California, Inc.
Oxford Nanopore Technologies Limited
Quantapore, Inc.
Stratos Genomics Inc.
Microbesng
Institute of Integrative Biology of the Cell (I2Bc)
Baseclear B.V.
Future Genomics Technologies B.V.
Garvan Institute of Medical Research
Genome Transcriptome Facility of Bordeaux
Nextomics
Takara Bio Inc.
Since the sequencing method has shown to be of utmost importance in modifying pharmaceuticals, there is also a cumulative market value for the expanding knowledge of long read sequencing. An increase in the adoption of these technologies for the analysis of structural variants is expected to drive the market throughout the forecast period.
Currently, a lot of research is being conducted which is forecast to give manufacturers a slight advantage as they develop new and advanced elongated read sequencing, as well as to open up a lot of other prospects in the long read sequencing market. Furthermore, owing to the ongoing COVID-19 pandemic, key players are working with public health laboratories and researchers around the world to support the current COVID-19 pandemic by rapid sequencing of the novel coronavirus SARS-CoV-2.
Companies are also involved in the development of workflows to characterize a wide range of pathogens in a sample. Recently, Oxford Nanopore Technologies developed LamPORE-a scalable, low-cost, rapid assay for the detection of SARS-CoV-2.
A rise in the prevalence of genetic disorders combined with an increase in top manufacturers' R&D expenditures in long-read sequencing technology is projected to greatly advance the industry. The long read technique is mostly used to study genetic disorders for which disease loci are either well-known or strongly suspected.
In addition, the limitations of clinical disease research based on next-generation sequencing could be partially overcome by these technologies. Since longer reads from a single DNA molecule are used, long-read sequencing methods have a distinct advantage over other technology. Another driver of market expansion is the rising acceptance of contemporary methods for medical diagnosis. The portability and real-time speed of LRS technology are further factors contributing to its rising demand.
It is additionally utilized to create a precise reference map of the chromosome centromere. In addition, numerous biotech firms are creating cutting-edge technologies that combine a fresh approach to library preparation with tools for genomic analysis. Accordingly, a number of researches show that LRS technology is quite useful for identifying novel harmful mutations in human disorders with unidentified genetic origins. This offers a wealth of potential for researchers to use whole-genome sequencing (WGS) technology to develop medical genetics.
Report Attribute | Details |
No. of Pages | 170 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $1.5 Billion |
Forecasted Market Value (USD) by 2030 | $4.53 Billion |
Compound Annual Growth Rate | 14.7% |
Regions Covered | Global |
Long Read Sequencing Market Report Highlights
By technology, Single Molecule Real Time Sequencing (SMRT) dominated the market in 2021. This technique is gaining traction among professionals for various applications since the first commercial launch
Based on products, the consumables segment accounted for the largest share in 2021. The increasing demand for reagents & kits has majorly driven the segment growth
By application, the cancer segment captured the highest share in 2021. The increasing adoption of LRS in the field of cancer biology is anticipated to be the major factor for the segment growth
By workflow, sequencing is the dominating segment in 2021. The increasing research in the genomics arena has resulted in growing demand for sequencing services in the global market
Based on the end-users, academic research accounted for a significant share in 2021. The presence of a large number of biotechnology institutes that explore genomics methodologies is expected to propel the segment revenue generation
North America dominated the global market in 2021 owing to the presence of well-established proteomics, genomics, oncology & diagnostic screening fields in the region
Continuous efforts by key players to improve their product offerings is also contributing to the North America's regional market growth
Asia Pacific is anticipated to witness the fastest growth throughout the forecast period. This can be attributed to the growing penetration of key players in Asian countries as well as increasing investments in this field by key players
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, & Scope
3.1 Market Dynamics
3.1.1 Market Driver Analysis
3.1.1.1 Advantages Of Long Read Sequencing
3.1.1.2 Potential Applications In Clinical Sequencing And Analysis
3.1.1.3 Advancements In Data Analysis
3.1.2 Market Restraint Analysis
3.1.2.1 High Cost
3.1.2.2 Technological Challenges
3.2 Penetration And Growth Prospect Mapping For Application, 2021 (Usd Million)
3.3 Impact Of Covid-19 Pandemic On Global Long Read Sequencing Market
3.3.1 The Evolving Use Of Long Read Sequencing During Covid-19 Pandemic
3.4 Business Environment Analysis
3.4.1 Swot Analysis; By Factor (Political & Legal, Economic, And Technological)
3.4.2 Porter's Five Forces Analysis
Chapter 4 Long Read Sequencing Market: Technology Business Analysis
4.1 Long Read Sequencing Market: Technology Movement Analysis
4.2 Single-Molecule Real-Time Sequencing (Smrt)
4.2.1 Global Smrt Sequencing Market Estimates And Forecast, 2018 - 2030 (USD Million)
4.3 Nanopore Sequencing
4.3.1 Global Nanopore Sequencing Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 5 Long Read Sequencing Market: Product Business Analysis
5.1 Long Read Sequencing Market: Product Movement Analysis
5.2 Instruments
5.2.1 Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.3 Consumables
5.3.1 Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.4 Services
5.4.1 Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 6 Long Read Sequencing Market: Application Business Analysis
6.1 Long Read Sequencing Market: Application Movement Analysis
6.2 Identification & Fine Mapping Of Structural Variation
6.2.1 Long Read Sequencing Market Estimates And Forecast For Identification & Fine Mapping Of Structural Variation, 2018 - 2030 (USD Million)
6.3 Tandem Repeat Sequencing
6.3.1 Market Estimates And Forecast For Tandem Repeat Sequencing, 2018 - 2030 (USD Million)
6.4 Pseudogene Discrimination
6.4.1 Market Estimates And Forecast For Pseudogene Discrimination, 2018 - 2030 (USD Million)
6.5 Resolving Allele Phasing
6.5.1 Market Estimates And Forecast For Resolving Allele Phasing, 2018 - 2030 (USD Million)
6.6 Reproductive Genomics
6.6.1 Market Estimates And Forecast For Reproductive Genomics, 2018 - 2030 (USD Million)
6.7 Cancer
6.7.1 Market Estimates And Forecast For Cancer, 2018 - 2030 (USD Million)
6.8 Viral & Microbial Sequencing
6.8.1 Market Estimates And Forecast For Viral & Microbial Sequencing, 2018 - 2030 (USD Million)
6.9 Other
6.9.1 Market Estimates And Forecast For Other Applications, 2018 - 2030 (USD Million)
Chapter 7 Long Read Sequencing Market: Workflow Business Analysis
7.1 Long Read Sequencing Market: Workflow Movement Analysis
7.2 Pre-Sequencing
7.2.1 Market Estimates And Forecast For Pre-Sequencing, 2018 - 2030 (USD Million)
7.3 Sequencing
7.3.1 Market Estimates And Forecast For Sequencing, 2018 - 2030 (USD Million)
7.4 Data-Analysis
7.4.1 Market Estimates And Forecast For Data Analysis, 2018 - 2030 (USD Million)
Chapter 8 Long Read Sequencing Market: End-Use Business Analysis
8.1 Long Read Sequencing Market: End-Use Movement Analysis
8.2 Academic Research
8.2.1 Market For Academic Research, 2018 - 2030 (USD Million)
8.3 Clinical Research
8.3.1 Market For Clinical Research, 2018 - 2030 (USD Million)
8.4 Hospitals & Clinics
8.4.1 Market For Hospitals & Clinics, 2018 - 2030 (USD Million)
8.5 Pharma & Biotech Entities
8.5.1 Market For Pharma & Biotech Entities, 2018 - 2030 (USD Million)
8.6 Other End-Users
8.6.1 Market For Other End-Users, 2018 - 2030 (USD Million)
Chapter 9 Long Read Sequencing Market: Regional Business Analysis
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/rqijfc
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