IMARC Group has recently released a new research study titled “Long Read Sequencing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the global long read sequencing market report, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 23.4% during 2022-2027.
We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
Industry Definition and Application:
Long read sequencing is a powerful genomic technology that enables the sequencing of deoxyribonucleic acid (DNA) molecules several thousand base pairs in length, in contrast to the shorter reads produced by traditional short-read sequencing methods. It has revolutionized genomics research by providing a more comprehensive and accurate view of the genome.
Long read sequencing utilizes advanced sequencing platforms and specialized techniques to generate long DNA reads, resulting in the improved assembly of complex genomes, identification of structural variations, and analysis of repetitive regions. Its key components include DNA extraction, library preparation, sequencing, and data analysis.
The advantages of long-read sequencing include its ability to resolve complex genomic regions, such as repetitive sequences and structural variations, which are challenging for short read sequencing. It also has diverse applications in various fields, including de novo genome assembly, studying structural variations and rearrangements, identifying disease-causing mutations, and exploring the epigenetic landscape.
When compared to short read sequencing, long read sequencing provides longer read lengths, reducing the need for genome assembly and allowing for more accurate determination of genomic architecture. The two primary types of product variants currently available include single-molecule real-time (SMRT) sequencing and nanopore sequencing.
Market Trends and Growth Drivers:
The global market is primarily bolstered by the increasing demand for accurate and comprehensive genomic information and growing product application in personalized medicines, genetic research, and diagnostics.
Moreover, favorable advancements in sequencing technologies, such as the development of high-throughput platforms and improved base-calling algorithms, the declining costs of sequencing, and the decreasing time required for data analysis are boosting the market growth.
This is further supported by the expanding application of long read sequencing in structural variant detection, genome assembly, and epigenetic studies. In line with this, rising collaborations between academic institutions, research organizations, and sequencing technology providers to foster innovation and accelerate the commercialization of long read sequencing platforms are creating a positive outlook for the market.
Apart from this, burgeoning investments by governments and private investors of various nations in genomics research and precision medicine initiatives are propelling the market growth. The surging number of genomics projects, such as large-scale population studies and cancer genomics initiatives, and the growing awareness and understanding of the role of genetic variations in disease diagnosis, treatment, and prevention are further providing a considerable thrust to the market growth.
Additionally, the integration of long read sequencing with other omics technologies, such as transcriptomics and proteomics, enabling comprehensive multi-omics analyses and facilitating a deeper understanding of biological systems is fueling the market growth.
Furthermore, continuous advancements in long read sequencing platforms, including improvements in read length, accuracy, and throughput, and the expanding product application in agriculture, animal breeding, and environmental studies are positively contributing to the market growth.
Competitive Analysis:
The competitive landscape of the long read sequencing market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BaseClear B.V.
- Future Genomics Technologies B.V.
- Genexa AG
- MicrobesNG
- Oxford Nanopore Technologies Limited
- Pacific Biosciences of California Inc.
- Promega Corporation
- Quantapore Inc.
- Roche Sequencing (F. Hoffmann-La Roche AG)
- Takara Bio Inc.
- Thermo Fisher Scientific Inc.
Key Market Segmentation:
The report has segmented the global long read sequencing market based on technology, product, application, end use and region.
Breakup by Technology:
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
Breakup by Product:
- Instruments
- Consumables
- Others
Breakup by Application:
- Whole Genome Sequencing
- Epigenetics
- RNA Sequencing
- Targeted Sequencing
- Others
Breakup by End Use:
- Academic and Research Institutes
- Hospitals and Clinics
- Pharma and Biotech Companies
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/long-read-sequencing-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/