GLOBAL LONG READ SEQUENCING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Long read sequencing which is also known as third-generation sequencing, allows sequencing of longer deoxyribonucleic acid (DNA) fragments as compared to traditional short read sequencing technologies. There are two main products in the long read sequencing market - PacBio sequencing systems and Oxford nanopore sequencing systems.

PacBio sequencing systems use single-molecule real-time (SMRT) sequencing to read entire DNA molecules. This method detects fluorescence from individual DNA polymerase complexes to determine the sequence in real time as synthesis occurs. The advantage is that it can generate read lengths of 10-20kb on average, which is useful for sequencing complex genomes and determining haplotypes. However, it has a higher error rate of 15% as compared to short read technologies. Oxford nanopore sequencing systems are based on protein nanopores and can read DNA strands passing through these nanopores. It can produce very long reads in the range of 50kb-1Mb. Though the error rate is higher at 6-15%, ongoing developments aim to reduce it. An added advantage is that the portable MinION device allows real-time and off-grid sequencing.

Long read sequencing technologies have enabled sequencing of much longer fragments as compared to short read methods. While error rates are still relatively high, ongoing research promises to reduce it further and allow more accurate assembly of complex genomes.

Market Dynamics:

Increasing novel product launches by the market players and increasing funding for the research and development (R&D) of innovative products is expected to drive the market growth over the forecast period.

Key Features of the Study:

• This report provides an in-depth analysis of the global long read sequencing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global long read sequencing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Illumina Inc., Pacific Biosciences, Oxford Nanopore Technologies, PerkinElmer, Stratos Genomics, Phase Genomics, 10x Genomics, Genapys, Bionano Genomics, and Other Prominent Players
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global long read sequencing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global long read sequencing market

Detailed Segmentation:

• Global Long Read Sequencing Market, By Technology
  • Single Molecule Real-Time (SMRT) Sequencing
  • Nanopore Sequencing
• Global Long Read Sequencing Market, By Product
  • Systems
  • Consumables
• Global Long Read Sequencing Market, By Application
  • DNA Sequencing
  • RNA Sequencing
  • Epigenetics
• Global Long Read Sequencing Market, By End User
  • Pharmaceutical & Biotechnology Companies
  • CDMO
  • Academic & Research Institutes
• Global Long Read Sequencing Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Top Companies in the Global Long Read Sequencing Market:
  • Illumina Inc.
  • Pacific Biosciences
  • Oxford Nanopore Technologies
  • PerkinElmer
  • Stratos Genomics
  • Phase Genomics
  • 10x Genomics
  • Genapys
  • Bionano Genomics
  • Other Prominent Players