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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.
The market for Long Read Sequencing is thoroughly examined
in the Global Long Read Sequencing Market Research Report and Forecast to 2028,
which also includes market size and share, current and future trends, and the
most recent technological developments. The research provides a complete
forecast through 2028 as well as insight into the regional and global
competitive landscape of the Long Read Sequencing market. The new study offers
up-to-date details on the COVID-19 pandemic's effects on the market for Long
Read Sequencing. It examines how the outbreak changed the political climate and
judicial system in each location. Along with providing a present and future, it
also examines the economic instability and supply chain disruptions brought on
by the disease.
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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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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
Target Audience of the Global Long Read Sequencing Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Long Read Sequencing Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Long Read Sequencing market on the basis of product, application, and region:
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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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.
Additional information offered by the report:
Along with a complete overview of the global Long Read Sequencing market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Long Read Sequencing market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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