Long Read Sequencing Market by Global Business Opportunity, Development, Growth Factors, Applications Analysis and Future Prospects

Long Read Sequencing Market

According to the most recent analysis from Emergen, the size of the global long-read sequencing market is anticipated to reach USD 2,313.8 Million in 2028 and see a revenue CAGR of 21.1% over the projected period. Long-read sequencing market revenue growth is being fueled by the quick development of third generation long-read sequencing techniques as a result of ongoing research & development. For Deoxyribonucleic Acid, long-read sequencing is also referred to as third-generation sequencing (DNA). Its purpose is to establish the nucleotide sequence of lengthy sequences including 10,000–100,000 base pairs at a time.

Single-Molecule Real-Time (SMRT) sequencing and nanopore sequencing are the two primary methods used in long-read sequencing. Nanopores are made of incredibly tiny proteins that are implanted in membranes as pores. To determine nucleotide sequences and detect differences in ionic current, single-stranded DNA fragments are passed through a nanopore. Additionally, SRMT sequencing employs DNA polymerase to detect different fluorescence intensities.By giving genomic data, long-read sequencing aids in the identification of genetic problems, the progression of cancer, and the tracking of disease outbreaks.

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Some Key Highlights from the Report

Eurofins Genomics introduced a SARS-CoV-2 next-generation sequencing service in December 2020 that offers entire viral genome sequences and is optimised and affordable. The ARTIC NGS oligo kit and its innovative next-generation sequencing (NGS) service have provided researchers with significant assistance in the creation of vaccines and in their fight against the COVID-19 pandemic.

Due to the rising demand from researchers all over the world, the Single-Molecule Real-Time (SMRT) sequencing market accounted for a notably substantial revenue share in 2020. A high level of accuracy is provided by SMRT sequencing because of its minimal systematic bias and longer read lengths. It is also adaptable because it may be used to sequence a variety of sample types with various output lengths.

In 2020, the oncology market accounted for the greatest revenue share because of the increasing need for technologically sophisticated and reasonably priced diagnostic procedures to treat cancer. Long-read sequencing is also a rapidly expanding business thanks to increased funding for R&D in the pharmaceutical and biotech sectors. Additionally, a rising need for treatment therapy infrastructure improvements and an increase in the number of cancer patients globally are anticipated to fuel segment revenue growth over the course of the projection year.

Agilent Technologies, Inc., Beijing Genomics Institute (BGI) Genomics Co., Ltd., Bionano Genomics, Inc., Illumina, Inc., and Longas Technologies Pty. are a few of the major firms mentioned in the market study. Ltd., Novogene Co., Ltd., Pacific Biosciences of California, Inc., Oxford Nanopore Technologies, Inc., Quantapore, Inc., and PerkinElmer, Inc.

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
      1. Kits and Assays
      2. Systems
      3. Software
    • Consumables
    • Services
  • 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
  • Regional Outlook (Revenue, USD Million, 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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