Long Read Sequencing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Single-Molecule Real-Time Sequencing (SMRT), Nanopore Sequencing, Loop Genomics Long Read Sequencing), Product (Instruments, Consumables, Services), Application (Identification and fine mapping of structural variation, Tandem Repeat Sequencing, Pseudogene discrimination, Resolving allele phasing, Reproductive genomics, Cancer, Viral and Microbial Sequencing, Others), Workflow (Pre-sequencing, Sequencing, Data Analysis), End User (Academic Research Institutes, Hospitals and Clinics, Pharma and Biotechnology Companies) and Geography
Publication Month: Apr 2021 |
Report Code: TIPRE00006815
| No. of Pages: 125
| Category: Biotechnology
| Status: Published
The long read sequencing market was valued at US$ 1,101.15 million in 2020 and it is projected to reach US$ 5,334.68 million by 2028; it is expected to grow at a CAGR of 22.3% during 2021–2028.
The long read sequencing is a DNA sequencing technique. It offers numerous distinct advantages than next-generation sequencing technologies such as more precisely sequence DNA containing the same sections of DNA repeated within the genome. Many adults aged 60 years and above suffer from two or more chronic illnesses. Genes play a role in chronic diseases such as cardiovascular disease, diabetes, obesity, RA, Alzheimer's disease (AD), and depression, according to twin research. According to the Centers for Disease Control and Prevention (CDC), about 6 out of 10 individuals in the US are affected by at least one chronic disease, as well as 4 out of 10 are suffering from two or more chronic diseases. Furthermore, cancer is primarily caused by genomic errors. Researchers have analyzed cancer genomes using a variety of rapidly evolving sequencing technologies in order to better understand cancer cells' molecular status and expose their vulnerabilities such as driver mutations or gene expression. The researchers were able to recognize and classify new forms of cancerous mutations using long-read technologies, including complex structural variants in haplotype resolution. In recent years, several long read sequencing technologies have been developed and used. For example, Pacific Biosciences developed SMRT sequencing, which is one of the long read methods (PacBio). Long read sequencing is becoming more common, and cancer studies based on long read data are growing and advancing in order to decode complex cancer genomes.
Lucrative Regions for Long Read Sequencing Market
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Market Insights: Advantages of Long Read Sequencing Drives Long Read Sequencing Market
Long-read technologies are overcoming early limitations of accuracy and throughput and mounting their application in the fields of genomics. Long read sequencing or third-generation sequencing offers several advantages over short-read sequencing. While short-read sequencers such as Illumina’s HiSeq, NovaSeq, NextSeq, and MiSeq instruments, BGI’s MGISEQ and BGISEQ models; or Thermo Fisher’s Ion Torrent sequencers produce reads of up to 600 bases, long read sequencing technologies regularly generate reads over 10 kb Further, long reads can improve de novo assembly, mapping certainty, transcript isoform identification, and detection of structural variants. Also, long read sequencing of native molecules, i.e., DNA and RNA eliminates amplification bias while preserving base modifications. With continuing progress in accuracy, throughput, and cost reduction, these capabilities have begun to make long read sequencing an option for a broad range of applications in genomics for model and non-model organisms.
Technology:Insights
The global long read sequencing market, based on technology, is segmented into single-molecule real time sequencing (SMRT), nanopore sequencing, and loop genomics long read sequencing. The single-molecule real time sequencing (SMRT) segment held the largest share of the market in 2020. However, the loop genomics long read sequencing segment is expected to register the highest CAGR in the market during the forecast period.
Long Read Sequencing Market, by Technology – 2020 and 2028
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Product:Based on product, the global long read sequencing market is segmented into instruments, consumables, and services. The instruments segment held the largest share of the market in 2020, and the services segment is expected to register the highest CAGR during 2021–2028. Application:Based on application, the global long read sequencing market is segmented into identification and fine mapping of structural variation, tandem repeat sequencing, pseudogene discrimination, resolving allele phasing, reproductive genomics, cancer, viral and microbial sequencing, and others. The identification and fine mapping of structural variation segment held the largest share of the market in 2020, and the cancer segment is expected to register the highest CAGR from 2021 to 2028. Workflow:Based on workflow, the global long read sequencing market is segmented into pre-sequencing, sequencing, and data analysis. The sequencing segment held the largest share of the market in 2020, and the same segment is expected to register the highest CAGR during 2021–2028. End-User:Based on end-user, the global long read sequencing market is segmented into academic research institutes, hospitals and clinics, and pharma and biotechnology companies. The academic research institutes segment held the largest share of the market in 2020, and the same segment is expected to register the highest CAGR during 2021–2028.
Strategic Insights
Report Coverage - Long Read Sequencing Market
Report Coverage
Details
Market Size Value in
US$ 1,101.15 Million in 2020
Market Size Value by
US$ 5,334.68 Million by 2028
Growth rate
CAGR of 22.3% from 2021-2028
Forecast Period
2021-2028
Base Year
2021
No. of Pages
125
No. of Tables
136
No. of Charts & Figures
83
Historical data available
Yes
Segments covered
Technology , Product , Application , Workflow , End User and Geography
Regional scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available
Players operating in the long read sequencing market adopt collaboration and partnership strategies to meet the demands of end users through the introduction of technologically advanced offerings, and these strategies significantly support the growth of the market.
By Technology
Single-Molecule Real-Time Sequencing (SMRT)
Nanopore Sequencing
Loop Genomics Long Read Sequencing
By Product
Instruments
Consumables
Services
By Application
Identification and Fine Mapping of Structural Variation
Oxford Nanopore Technologies; Tataa Biocenter; Illumina, Inc; Perkinelmer Inc.; F. Hoffmann-La Roche Ltd.; and among others are major companies operating in this market.
The global long read sequencing market is being driven by factors such as advantages of long read sequencing and increasing prevalence of chronic diseases are likely to offer significant opportunities for the growth of the global long read sequencing market.
The dearth of skilled professionals is the significant factor that will hinder the long read sequencing market growth.
The List of Companies - Long Read Sequencing Market
Illumina, Inc.
Oxford Nanopore Technologies
TATAA Biocenter
PerkinElmer, Inc.
F. HOFFMANN-LA ROCHE LTD.
BaseClear B.V.
Bionano Genomics
Longas Technologies
Pacific Biosciences of California, Inc.
Quantapore, Inc.
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