With the emergence and long-term Impact of COVID-19, Global Long Read Sequencing Market to reach USD 3927.8 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Long Read Sequencing Market points towards a potential rise to USD 3927.8 million by 2030. The Long Read Sequencing Market encompasses a range of products, services, and technologies dedicated to DNA sequencing methods capable of producing extended and contiguous sequences of genetic information, enabling in-depth analysis of genomes and other biological entities. It involves the development of long read sequencing platforms, instruments, reagents, and associated software solutions, driving advancements in genomics research, personalized medicine, and other applications in the life sciences field. The Long Read Sequencing Market is being driven by factors such as the increasing prevalence of chronic diseases and Increasing Applications in Clinical Diagnostics.
Geographically, the global Long Read Sequencing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the availability of a strong informatics network and well-established rules for the approval and marketing of genomic testing products and services. Asia Pacific is considered as the fastest growing region over the forecast period owing to increased investments in the development of state-of-the-art diagnostic techniques, alongside the expanding presence of major players aiming to capitalize on the opportunities.
The global Long Read Sequencing market is highly competitive owing to the presence of several key players such as Pacific Biosciences of California, Inc. Oxford Nanopore Technologies Limited Quantapore, Inc. Element Biosciences BGI Genomics Eurofins Genomics Stratos Genomics, Inc. MicrobesNG NextOmics New England Biolabs, and others.
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Key findings of the study suggest:
- Global Long Read Sequencing Market is anticipated to grow with a healthy growth rate of more than 30.92% over the forecast period 2023-2030.
- In the Product segment, Consumables emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to established rules for the approval and marketing of genomic testing products and services in the region.
- Asia Pacific is expected to grow at higher rate owing to increased investments in the development of state-of-the-art diagnostic techniques in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Instruments
- Consumables
- Services
By Technology:
- Single Molecule Real Time Sequencing
- Nanopore Sequencing
- Others
By Workflow:
- Pre-sequencing
- Sequencing
- Data Analysis
By Application:
- Whole Genome Sequencing
- Targeted Sequencing
- Metagenomics
- RNA Sequencing
- Epigenetics
- Others
By End Use:
- Academic & Research Institutes
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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