Polaris Market Research recently published a research report on “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” in its research database.
According to the research report, the global long read sequencing market size was valued at USD 1.35 billion in 2021 and is expected to reach USD 4.40 Billion by 2030, growing at a CAGR of 14.4% during the forecast period.
What’s New Update for 2022?
- Worldwide competitiveness and key competitor percentage market size & shares
- Market presence across multiple regions – Strong/Active/Niche
- Online interactive peer-to-peer collaborative bespoke updates
What is Long Read Sequencing? How Big is Long Read Sequencing Market Size?
- Research Overview
Long read sequencing, also known as third-generation sequencing, is a DNA sequencing technique that is capable of reading full-length transcripts. The technique includes the detection of the nucleotide sequence of long DNA sequences between 10,000 and 100,000 base pairs at a time. This eliminates the need for cutting up and then amplifying DNA which is usually required n traditional DNA sequencing approaches.
There are two key technologies of long-read sequencing: Oxford Nanopore sequencing and PacBio single-molecule real-time (SMRT) sequencing. Several inherent benefits of using long read sequencing include genome assembly, variant detection, haplotype phasing, portability, real-time sequencing, and speed. Increased awareness for long-road sequencing due to its use in modified medicines is one of the prominent factors driving the demand for the long read sequencing market.
Request Sample Copy of “Long Read Sequencing Market“ Research Report @ https://www.polarismarketresearch.com/industry-analysis/long-read-sequencing-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Key Aspects Covered in The Report:
- Market size and growth rate during the forecast period.
- The key companies are listed with their company profiles
- Product spectrum of this vertical with comprehensive details.
- Application spectrum with validated statistics and figures.
- In-depth understanding of changing dynamics and major micro markets.
- Growth prospects among the leading and emerging nations
Some of the Top Market Players Are:
- 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
To Know More About Additional Information on Key Players, Request a PDF Report Brochure
Growth Driving Factors
- Increasing novel technologies push industry growth
The increasing research studies coupled with the rising number of producers developing new and advanced technologies are the major factors contributing to the market growth. Rising funding by key players for advanced equipment development is also fueling the long read sequencing market size. Then, due to the growing prevalence of genetic conditions, such as cancers as well as chromosomal disorders, and the escalating popularity of personalized medicine, the market is progressing at a faster rate.
Moreover, the growing application of long-read sequencing approaches in the clinical sector has led to an increase in the knowledge of cancer, drug resistance, genetic diversity, and pathogen evolution in complex genome regions. This is another factor supporting market development. Further, the industry is expected to experience significant growth due to the various benefits provided by these technologies. In addition, a surge in the adoption of SMRT and Nanopore techniques is anticipated to propel the long read sequencing market sales over the forecast period.
Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/15801
Recent Developments
- In January 2022, Google and Pacific Biosciences of California announced a collaboration agreement to optimize long read sequencing data analysis using machine learning tools.
- In May 2022, Pacific Biosciences signed a collaboration agreement with the Japanese organizations iLAC and Robotic Biology Institute to develop an automated workflow.
Segmental Analysis
- Single-molecule real-time sequencing dominates the market
Based on technology, the long read sequencing market segmentation is categorized into single-molecule real-time sequencing. Among these, single-molecule real-time sequencing holds the largest revenue share and is estimated to show the fastest growth throughout the predicted period. Many researchers focus on using single-molecule real-time sequencing to identify DNA methylation and other base modification. This technology removes the need for DNA amplification, allowing the identification of various epigenetic changes and generating full-length transcripts of 3000 bp.
- Consumables segment led the market by accounting largest market share
By product, the market is divided into instruments, consumables, and services. The consumables segment will generate the highest long read sequencing market share in 2021. Consumables are used to covert samples such as genomics DNA, amplicons, or cDNA into the SMRTbell library during template formation. It is also utilized for multiplexing samples to enhance capability. Additionally, each sequencing uses SMRT cells and SMRT sequencing reagents. These factors are likely to drive the industry expansion.
Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/long-read-sequencing-market/inquire-before-buying
(Inquire about a report quote OR available discount offers to the sales team before purchase.)
Report Scope: Long Read Sequencing Market
| Report Attribute | Details |
| Market Outlook for 2030 | USD 4.40 Billion |
| Market Size 2021 Value | USD 1.35 Billion |
| Expected CAGR Growth | 14.4% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | 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. |
| Segments Covered | By Product, By Application, By Technology, By Workflow, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Sequencing segment dominated the market
Depending on the workflow, the market is bifurcated into Pre-sequencing, Sequencing, and data analysis. The sequencing segment held the largest share in 2021 and is anticipated to maintain its dominance in the long read sequencing market forecast period. This is because sequencing is one of the most crucial elements of the workflow. With no PCR amplification requirement, long read technique provides library creation and real-time sequence analysis.
Geographic Overview
- North America dominates the long read sequencing market industry
Based on regions, North America in the long read sequencing market held the largest revenue share. This growth can be attributed to the high presence of leading players such as Pacific Bioscience in North America. Also, the availability of a well-regulated framework and the authorization and use of genomic tests propels the North American market. Regional growth is also driven by the growing application of genomic procedures for clinical and academic use.
Further, the Asia Pacific is estimated to experience the fastest development during the foreseen period owing to the rising penetration of leading companies in emerging Asian markets and increasing finances in advanced diagnostic methods.
Browse the Detail 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” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/long-read-sequencing-market
For Additional Information OR Media Enquiry, Please Mail Us At: sales@polarismarketresearch.com
The Report Provides You Answer to Below Mentioned Question:
- How will the market perform during the projected period?
- What will be the market size in terms of value and volume?
- Which are the driving factors responsible for the growth of the industry?
- What are the new opportunities by which the industry will grow in the upcoming years?
- Which are the main factors responsible for new product launches?
- Which regional market will show the highest growth during the study period?
- What will be the CAGR and size of the market throughout the predicted period?
Polaris Market Research has segmented the long read sequencing market report based on, technology, product, application, work-flow, end-users, and regions:
By Technology Outlook
- Single-Molecule Real-time sequencing
- Nanopore sequencing
By Product Outlook
- Instruments
- Consumables
- Services
By Application Outlook
- Identification & fine mapping of structural variation
- Tandem repeat sequencing
- Pseudogene discrimination
- Resolving allele phasing
- Reproductive genomics
- Cancer
- Viral & microbial sequencing
- Others
By Workflow Outlook
- Pre-sequencing
- Sequencing
- Data analysis
By End-Use Outlook
- Academic research
- Clinical research
- Hospitals and clinics
- Pharma and biotech entities
- Others
By Region
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Browse More Healthcare Research Reports:
- Bariatric Surgery Devices Market: https://www.polarismarketresearch.com/industry-analysis/bariatric-surgery-devices-market
- Medical Tapes and Bandages Market: https://www.polarismarketresearch.com/industry-analysis/medical-tapes-and-bandages-market
- Clinical Trial Outsourcing Market: https://www.polarismarketresearch.com/industry-analysis/clinical-trials-outsourcing-market
- Near-infrared Spectroscopy Market: https://www.polarismarketresearch.com/industry-analysis/near-infrared-spectroscopy-market
- Infectious Respiratory Disease Diagnostics Market: https://www.polarismarketresearch.com/industry-analysis/infectious-respiratory-disease-diagnostics-market
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact Us:
Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com