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 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.
Together with qualitative and quantitative assessments, the report's authors have provided forecasts for the Long Read Sequencing market. Two of the most important parts of this study are the SWOT analysis and Porter's Five Forces Analysis, which reveal how intensely competitive the industry is. The comprehensive study of the worldwide Long Read Sequencing market in the report takes into account markets in North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa. This study looks at additional significant characteristics of regional markets in addition to revenue growth drivers, constraints, production consumption patterns, altering consumer tastes, and tight regulatory standards.
Long-read sequencing is also known as third-generation sequencing technique for Deoxyribonucleic Acid (DNA). It is designed to determine nucleotide sequence of long sequence between 10,000 to 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. Nanopore are very small proteins, which forms pores embedded inside a membrane. Single stranded DNA fragments passes through a nanopore to measure variations in ionic current and to identify nucleotide sequences. Moreover, SRMT sequencing helps in detecting varying levels of fluorescence by using DNA polymerase.
Long-read sequencing helps in identifying genetic disorders, cancer progression, and tracking outbreak of diseases by providing genomic information. Growing acceptance towards modern technologies to treat genetic disorders, decreasing cost of sequencing, and increasing number of cancer patient across the world is boosting demand for long-read sequencing. Furthermore, long-read sequencing technique is widely being used in whole-genome sequencing, owing to its contribution in discovering novel pathogenic mutation for various critical diseases with unknown causes.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Long Read Sequencing market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Long Read Sequencing market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
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
Global Long Read Sequencing Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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.
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
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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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