Long Read Sequencing Market Size, Share, Growth, Sales Revenue, And Key Drivers Analysis Research Report By 2028

The Emergen Research Global Long Read Sequencing Market research study is a thorough compilation of analytical data regarding the Long Read Sequencing sector. The study contains a segmentation of the Long Read Sequencing market as well as a thorough analysis of the market's size in terms of volume and value. The analysis includes a comprehensive prognosis for the years 2021–2028 in addition to the existing Long Read Sequencing market status. The Long Read Sequencing Market Study carefully examines the historical, present, and projected revenue for each industry vertical, sector, end-use industry, application, and region.

The 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 the 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 the third-generation sequencing technique for Deoxyribonucleic Acid (DNA). It is designed to determine the nucleotide sequence of a long sequence between 10,000 and 100,000 base pairs at a time. Long-read sequencing mainly uses two basic techniques, namely Single-Molecule Real-Time (SMRT) sequencing and nanopore sequencing. Nanopores are very small proteins that form pores embedded inside a membrane. Single-stranded DNA fragments pass through a nanopore to measure variations in ionic current and identify nucleotide sequences. Moreover, SRMT sequencing helps detect varying levels of fluorescence by using DNA polymerase.

Long-read sequencing helps in identifying genetic disorders, cancer progression, and tracking outbreaks of diseases by providing genomic information. Growing acceptance of modern technologies to treat genetic disorders, decreasing costs of sequencing, and an increasing number of cancer patients across the world are boosting demand for long-read sequencing. Furthermore, the long-read sequencing technique is widely being used in whole-genome sequencing, owing to its contribution to discovering novel pathogenic mutations for various critical diseases with unknown causes.

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Competitive Terrain:

The global Long Read Sequencing industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled 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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Some Key Highlights from the 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.

Oncology segment accounted for largest revenue share in 2020, owing to rising demand for technologically advanced and cost-effective diagnostic measures to treat cancer. Additionally, rise in investment for research and development in biotech and pharmaceutical industry has also made long-read sequencing a highly growing market. Moreover, growing urgency for infrastructural improvement of treatment therapies and increasing number of cancer patient across the world is expected to drive segment revenue growth during the forecast period.

The market in North America accounted for highest revenue growth in 2020, owing to presence of well-established healthcare infrastructure. Moreover, countries such as the U.S. and Canada are focusing on research and development and technological advancement of diagnostic methods, which is expected to drive long-read sequencing market revenue growth during the forecast period.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Long Read Sequencing market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Long Read Sequencing market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Long Read Sequencing market.

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Market Overview:

The report bifurcates the Long Read Sequencing market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

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

Application Outlook (Revenue, USD Million, 2018–2028)

Oncology

Infectious Diseases

Rare Diseases

Genetic Disorders

Metabolic Disorders

Translational Research

Regional Outlook:

North America (the U.S., Canada, Mexico)

Europe (the U.K., Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Long Read Sequencing Market report:

The latest report comprehensively studies the global Long Read Sequencing market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products & services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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