PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132318
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132318
The global long read sequencing market size is expected to reach USD 4.40 billion by 2030 according to a new study by Polaris Market Research. The report "Long Read Sequencing Market Share, Size, Trends, Industry Analysis Report, By Technology (Single-Molecule Real-Time Sequencing, Nanopore Sequencing); By Product; By Application; By Workflow; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Innovations and advancements by a key player in technologies to summit the mandate posed by the market are propelling the growth of the long-read sequencing market. Several research studies are arising which are supposed to make a modest rise for producers to create new and advanced technologies and contribute to various opportunities in long-read sequencing. The main application, such as peeling off the need to cut up and then amplify DNA which is generally required in other DNA sequencing techniques, contributes to the growth.
Utilization of long-read sequencing for inventions of vaccines and medicines required for the COVID-19 virus has driven the long-read sequencing market, impacting the positive growth of the Covid -19 pandemic. An increasing number of mandatory COVID-19 testing according to rules and regulations increased the vaccine requirement leading to the development of the long-read sequencing market.
Long Read Sequencing Market Report Highlights
The single-molecule real-time sequencing account for the largest market and is also expected to grow fastest over the forecast due to its longer read length and low systematic bias achieving high consensus accuracy.
The long-read sequencing market is categorized as instruments, consumables, and services based on product. The consumables segment accounts for the largest market share in 2021. As in sequencing, it utilizes SMRT cells and SMRT sequencing reagents required for on-instrument sequencing improving software and computational equipment.
Based on the application, the cancer segment accounted for the largest market share and is supposed to be the fastest growing segment over the forecast period. SMART sequencing is being used in research of hepatitis C virus, hepatitis B virus, HIV, influenza, and other disease-causing microbes.
Advancements in data analysis tools and significant players expanding their market presence are anticipated for the market's growth. The sequencing segment accounts for the most critical long-read sequencing market share.
Utilization of sequence analysis method in research, on-site bioinformatics classes offered by universities, and academic workshops have increased, increasing the growth of the long-read sequencing market.
There is a rapid increase in genomic procedures for clinical and academic use in the U.S. in North America, increasing the market share for this region. The Asia Pacific is anticipated for the fastest growing area for the long-read sequencing market.
The global market is highly competitive owing to the existence of large industry players with global presence BaseClear B.V., Future Genomics Technologies B.V., Garvan Institute of Medical Research, Genome Transcriptome Facility of Bordeaux, Institute of Integrative Biology of the Cell (I2BC), MicrobesNG, NextOmics, Oxford Nanopore Technologies Limited, Pacific Biosciences of California, Inc., Quantapore, Inc., Stratos Genomics, Inc., Takara Bio, Inc.
Polaris Market Research has segmented the long read sequencing market report based on, technology, product, application, work-flow, end-uses, and regions:
Long Read Sequencing, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Single-Molecule real-time sequencing
Nanopore sequencing
Long Read Sequencing, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Instruments
Consumables
Services
Long Read Sequencing, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Identification and fine mapping of structural variation
Tandem repeat sequencing
Pseudogene discrimination
Resolving allele phasing
Reproductive genomics
Cancer
Viral and microbial sequencing
Others
Long Road Sequencing, Work-Flow Outlook (Revenue - USD Billion, 2018 - 2030)
Pre-sequencing
Sequencing
Data analysis
Long Read Sequencing, End Use Outlook (Revenue - USD Billion, 2018 - 2030)
Academic research
Clinical research
Hospitals and Clinics
Pharma and Biotech entities
Others
Long Read Sequencing, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Long Read Sequencing Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Long Read Sequencing Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8. Market by Application
Figure 9. Global Long Read Sequencing Market, by Application, 2021 & 2030 (USD Billion)
Figure 10. Market by End-Use
Figure 11. Global Long Read Sequencing Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 12. Market by Workflow
Figure 13. Global Long Read Sequencing Market, by Workflow, 2021 & 2030 (USD Billion)
Figure 14. Market by Product
Figure 15. Global Long Read Sequencing Market, by Product, 2021 & 2030 (USD Billion)