Global Long Read Sequencing Market Analysis 2018-2028
Long read sequencing or LRS is a form of DNA sequencing where over 10,000bp of sequencing reads can be sequenced using sequencing technologies as opposed to the conventionally used short reads. The global long read sequencing market is anticipated to achieve a CAGR of 23.99% during the forecast period, i.e. 2021-2028. Factors such as the recent advancements in the third-generation long-read sequence analysis technique, increasing healthcare expenditure in various countries across the world, significant growth in the prevalence of genetic disorders globally and the rising number of key players operating in the segment are anticipated to promote the growth of the global long read sequencing market. Additionally, factors such as growing concern for genetic diseases amongst individuals worldwide which is raising the need for the use of advanced genetic treatments, such as long read sequencing are anticipated to drive the growth of the global long read sequencing market.
The global long read sequencing market consists of various segments that are segmented by technology, product, workflow, application, end user and by region. The market is segmented by product into instruments, consumables and services. Out of these, the consumables segment held the largest market share of around 46% in the year 2018 and is expected to cross a value of USD 3210 million by the end of 2028 by growing at a CAGR of around 24% during the forecast period. Additionally, the segment is also anticipated to gain an incremental $ opportunity of USD 112.27 million in the year 2020 as compared to the previous year.
Based on region, the global long read sequencing market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for around 22% share in the year 2019, is estimated to witness a CAGR of around 26% over the forecast period. Additionally, the market in the region is also anticipated to cross a value of around USD 1730 million by the end of 2028.
Some of the affluent industry leaders in the global long read sequencing market are Oxford Nanopore Technologies, Pacific Biosciences of California, Inc., FG Technologies, Stratos Genomics, QIAGEN, Takara Bio Inc., Quantapore, Inc. and BaseClear B.V.
Long read sequencing or LRS is a form of DNA sequencing where over 10,000bp of sequencing reads can be sequenced using sequencing technologies as opposed to the conventionally used short reads. The global long read sequencing market is anticipated to achieve a CAGR of 23.99% during the forecast period, i.e. 2021-2028. Factors such as the recent advancements in the third-generation long-read sequence analysis technique, increasing healthcare expenditure in various countries across the world, significant growth in the prevalence of genetic disorders globally and the rising number of key players operating in the segment are anticipated to promote the growth of the global long read sequencing market. Additionally, factors such as growing concern for genetic diseases amongst individuals worldwide which is raising the need for the use of advanced genetic treatments, such as long read sequencing are anticipated to drive the growth of the global long read sequencing market.
The global long read sequencing market consists of various segments that are segmented by technology, product, workflow, application, end user and by region. The market is segmented by product into instruments, consumables and services. Out of these, the consumables segment held the largest market share of around 46% in the year 2018 and is expected to cross a value of USD 3210 million by the end of 2028 by growing at a CAGR of around 24% during the forecast period. Additionally, the segment is also anticipated to gain an incremental $ opportunity of USD 112.27 million in the year 2020 as compared to the previous year.
Based on region, the global long read sequencing market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for around 22% share in the year 2019, is estimated to witness a CAGR of around 26% over the forecast period. Additionally, the market in the region is also anticipated to cross a value of around USD 1730 million by the end of 2028.
Some of the affluent industry leaders in the global long read sequencing market are Oxford Nanopore Technologies, Pacific Biosciences of California, Inc., FG Technologies, Stratos Genomics, QIAGEN, Takara Bio Inc., Quantapore, Inc. and BaseClear B.V.
Table of Contents
Global Long Read Sequencing Market2. Assumptions And Acronyms3. Research Methodology4. Executive Summary- Global Long Read Sequencing Market5. Regulatory Landscape6. Value Chain Analysis9. Evaluation On The Impact Of Covid-19 On The Global Long Read Sequencing Market12. Strategic Recommendations
1. Introduction
7. Market Dynamics
8. Industry Risk Analysis
10. Global Long Read Sequencing Market
11. Competitive Landscape
Companies Mentioned
- Oxford Nanopore Technologies
- Pacific Biosciences of California Inc.
- FG Technologies
- Stratos Genomics
- QIAGEN
- Takara Bio Inc.
- Quantapore Inc.
- BaseClear B.V.
