Long Read Sequencing Market is expected to reach US$ 5,334.68 million by 2028

Identification and Fine Mapping of Structural Variation Segment to Contribute Largest Share to Long Read Sequencing Market during 2021–2028

According to the latest study on “Long Read Sequencing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Product, Application, Workflow, and End User,” the 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 report highlights trends prevailing in the global market, and drivers and restraints pertaining to the market growth. Factors such as the advantages of long read sequencing and increasing prevalence of chronic diseases fuel the growth of the long read sequencing market. However, the lack of skilled professionals hinders the market growth.

Based on technology, the long read sequencing market is segmented into single-molecule real-time sequencing (SMRT), nanopore sequencing, and loop genomics long read sequencing. In 2020, the single-molecule real time sequencing (SMRT) segment accounted for the largest share of the market.

Oxford Nanopore Technologies; Tataa Biocenter; Illumina, Inc; Perkinelmer Inc.; F. Hoffmann-La Roche Ltd.; Baseclear B.V.; Bionano Genomics; Longas Technologies; Pacific Biosciences of California, Inc.; and Quantapore, Inc are among the key players operating in the long read sequencing market. These companies focus on partnerships, mergers, product launches, and collaborations to sustain their positions in the market. For instance, in January 2021, Illumina Announced new sequencing system, collaboration with Roche, and software suite to accelerate genomics adoption. Furthermore, Roche will work with Illumina to add additional companion diagnostic (CDx) statements to Illumina's robust pan-cancer assay TruSight Oncology 500 (TSO 500). Moreover, in March 2021, The Oxford Nanopore Ultra-Long DNA Sequencing Kit, when used in conjunction with Circulomics Nanobind Kits, is designed to maximise the number of ultra-long reads and has allowed the continuous sequencing of single DNA fragments of up to 3+ Mb externally and 4+ Mb internally. Using this method, users can achieve more than 100 reads over 1 Mb per PromethION flow cell run.

Long Read Sequencing Market, by Region, 2020 (%)

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Long Read Sequencing Market to Grow at a CAGR of 22.3% to reach US$ 5,334.68 million from 2020 to 2028

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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

The report segments the global long read sequencing market as follows:

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
• Tandem Repeat Sequencing
• Pseudogene Discrimination
• Resolving Allele Phasing
• Reproductive Genomics
• Cancer
• Viral and Microbial Sequencing
• Others

By Workflow

• Pre-sequencing
• Sequencing
• Data Analysis

By End User

• Academic Research Institutes
• Hospitals and Clinics
• Pharma and Biotechnology Companies

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Italy
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
• South and Central America
  • Brazil
  • Argentina