Long Read Sequencing Market Size, Share, and Growth 2021-2028
Long Read Sequencing Market: Strategic Insights
Long Read Sequencing Market
-
CAGR (2020 - 2028)22.3% -
Market Size 2020
US$ 1.1 Billion -
Market Size 2028
US$ 5.33 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing incidence of genetic disorders
- Advancements in sequencing technology
- Growing adoption of personalized medicine
- Application expanding across various fields
- Better data analysis tools and bioinformatics
- Cost reduction and access
- Collaboration and partnerships
FUTURE TRENDS
- The length
- Personalized Medicine
- Rare Disease Diagnosis
- Cancer Research
- Microbiome Research
- Agricultural Applications
- Forensic Science
- Population Genetics
- Drug Discovery
- Environmental Monitoring
- Market Expansion
- Collaboration and Partnerships
- Intellectual Propertythe long-read sequencing technology - nanopore and SMRT sequencing - will eventually accommodate can be expected to keep growing with longer reads, higher accuracy, and the lower costs of sequence data.
- Interfacing with other technologies: Long-read sequencing technology is going to increasingly interface with the availability of short-read sequencing as well as single-cell sequencing to paint much much more complete pictures of genomic variation.
- Greater applicability in clinical areas: This technology will have greater application in clinical areas, for instance, prenatal diagnosis, diagnostics of cancer, prognosis for cancers, and rare detection. Long-read sequencing and its applications are going to multiply with respect to microbial genomics applications, and the same shall also accelerate in the field of analyzing complex microbial communities and in the discovery of pathogenic microbes.
- Accelerating Application in Agricultural Genomics This technology shall prove useful in accelerating crop breeding and agricultural productivity once it identifies genes controlled by desirable traits.
- Further steps that will further force cost down of the sequencing will further take this market moving forward with its success in this technology.
- New Player in This Market This new entrant into the market will comprise small firms in the area of biotechnology and small start-ups that come forward to develop innovative long-read sequencing technologies and applications.
OPPORTUNITIES
- Advancements in Sequencing Technologies
- Rising Prevalence of Genetic Diseases
- Personalized Medicine
- Complex Genome Analysis
- Expanding Applications
- Decreasing Costs
- Increased Data Analysis Capabilities
- Growing Research Funding
- Collaboration Between Academia and Industry
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology - Single-Molecule Real-Time Sequencing
- 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
Workflow - Pre-sequencing
- Sequencing
- Data Analysis
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