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Global Long Read Sequencing Market to reach USD 3927.8 million by the end of 2030

Global Long Read Sequencing Market Size study & Forecast, 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), and Regional Analysis, 2023-2030

Product Code: HLSB-71912759
Publish Date: 5-12-2023
Page: 200

Global Long Read Sequencing Market is valued at approximately USD 455.1 million in 2022 and is anticipated to grow with a healthy growth rate of more than 30.92% over the forecast period 2023-2030. 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
Long Read Sequencing enables the generation of longer and contiguous DNA sequences, allowing for a more accurate and comprehensive analysis of the genome. This helps identify genetic variations, including rare or structural variants that are associated with chronic diseases such as diabetes, cardiovascular diseases, and cancer. According to American heart association, In 2020, the global prevalence of diabetes was 243.3 million males and 229.0 million females, while the economic burden of diabetes amounted to $1.3 trillion in 2015, projected to rise to $2.1 to $2.5 trillion by 2030. Moreover, the International Agency for Research on Cancer (IARC), The estimated increase in the worldwide burden of cancer is 27.5 million new cases by 2040 from 1.9 million new cases in year 2021. Thus, the increasing economic burden of chronic diseases is fueling the growth of Long Read Sequencing Market. In addition, advancements in data analysis platforms and increasing applications in Whole Genome Sequencing create lucrative opportunities for the market. However, the high error rates of long read technology hinder the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Long Read Sequencing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
Pacific Biosciences of California, Inc.
Oxford Nanopore Technologies Limited
Quantapore, Inc.
Element Biosciences
BGI Genomics
Eurofins Genomics
Stratos Genomics, Inc.
New England Biolabs

Recent Developments in the Market:
Ø In March 2023, Illumina introduced its advanced Illumina Complete Long Read Prep, a Human assay, designed specifically for performing high-performance whole-genome sequencing of human DNA. These would result in rising company’s market share in the global market.

Global Long Read Sequencing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Technology, Workflow, Application, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

By Technology:
Single Molecule Real Time Sequencing
Nanopore Sequencing

By Workflow:
Data Analysis

By Application:
Whole Genome Sequencing
Targeted Sequencing
RNA Sequencing

By End Use:
Academic & Research Institutes
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Long Read Sequencing Market , by Region, 2020-2030 (USD Million)
1.2.2. Long Read Sequencing Market , by Product, 2020-2030 (USD Million)
1.2.3. Long Read Sequencing Market , by Technology, 2020-2030 (USD Million)
1.2.4. Long Read Sequencing Market , by Workflow, 2020-2030 (USD Million)
1.2.5. Long Read Sequencing Market , by Application, 2020-2030 (USD Million)
1.2.6. Long Read Sequencing Market , by End Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Long Read Sequencing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Long Read Sequencing Market Dynamics
3.1. Long Read Sequencing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing prevalence of chronic diseases Increasing Applications in Clinical Diagnostics
3.1.2. Market Challenges High error rates of long read technologies
3.1.3. Market Opportunities Advancements in data analysis platforms Rising application and demand in whole genome sequencing Rising technological advancement
Chapter 4. Global Long Read Sequencing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Long Read Sequencing Market, by Product
5.1. Market Snapshot
5.2. Global Long Read Sequencing Market by Product, Performance – Potential Analysis
5.3. Global Long Read Sequencing Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Long Read Sequencing Market , Sub Segment Analysis
5.4.1. Instruments
5.4.2. Consumables
5.4.3. Services
Chapter 6. Global Long Read Sequencing Market, by Technology
6.1. Market Snapshot
6.2. Global Long Read Sequencing Market by Technology, Performance – Potential Analysis
6.3. Global Long Read Sequencing Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
6.4. Long Read Sequencing Market , Sub Segment Analysis
6.4.1. Single Molecule Real Time Sequencing
6.4.2. Nanopore Sequencing
6.4.3. Others
Chapter 7. Global Long Read Sequencing Market, by Workflow
7.1. Market Snapshot
7.2. Global Long Read Sequencing Market by Workflow, Performance – Potential Analysis
7.3. Global Long Read Sequencing Market Estimates & Forecasts by Workflow 2020-2030 (USD Million)
7.4. Long Read Sequencing Market , Sub Segment Analysis
7.4.1. Pre-sequencing
7.4.2. Sequencing
7.4.3. Data Analysis
Chapter 8. Global Long Read Sequencing Market, by Application
8.1. Market Snapshot
8.2. Global Long Read Sequencing Market by Application, Performance – Potential Analysis
8.3. Global Long Read Sequencing Market Estimates & Forecasts by Application 2020-2030 (USD Million)
8.4. Long Read Sequencing Market , Sub Segment Analysis
8.4.1. Whole Genome Sequencing
8.4.2. Targeted Sequencing
8.4.3. Metagenomics
8.4.4. RNA Sequencing
8.4.5. Epigenetics
8.4.6. Others
Chapter 9. Global Long Read Sequencing Market, by End Use
9.1. Market Snapshot
9.2. Global Long Read Sequencing Market by End Use, Performance – Potential Analysis
9.3. Global Long Read Sequencing Market Estimates & Forecasts by End Use 2020-2030 (USD Million)
9.4. Long Read Sequencing Market , Sub Segment Analysis
9.4.1. Academic & Research Institutes
9.4.2. Hospitals & Clinics
9.4.3. Pharmaceutical & Biotechnology Companies
9.4.4. Others
Chapter 10. Global Long Read Sequencing Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Long Read Sequencing Market , Regional Market Snapshot
10.4. North America Long Read Sequencing Market
10.4.1. U.S. Long Read Sequencing Market Product breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030 Workflow breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Long Read Sequencing Market
10.5. Europe Long Read Sequencing Market Snapshot
10.5.1. U.K. Long Read Sequencing Market
10.5.2. Germany Long Read Sequencing Market
10.5.3. France Long Read Sequencing Market
10.5.4. Spain Long Read Sequencing Market
10.5.5. Italy Long Read Sequencing Market
10.5.6. Rest of Europe Long Read Sequencing Market
10.6. Asia-Pacific Long Read Sequencing Market Snapshot
10.6.1. China Long Read Sequencing Market
10.6.2. India Long Read Sequencing Market
10.6.3. Japan Long Read Sequencing Market
10.6.4. Australia Long Read Sequencing Market
10.6.5. South Korea Long Read Sequencing Market
10.6.6. Rest of Asia Pacific Long Read Sequencing Market
10.7. Latin America Long Read Sequencing Market Snapshot
10.7.1. Brazil Long Read Sequencing Market
10.7.2. Mexico Long Read Sequencing Market
10.8. Middle East & Africa Long Read Sequencing Market
10.8.1. Saudi Arabia Long Read Sequencing Market
10.8.2. South Africa Long Read Sequencing Market
10.8.3. Rest of Middle East & Africa Long Read Sequencing Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Pacific Biosciences of California, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Oxford Nanopore Technologies Limited
11.3.3. Quantapore, Inc.
11.3.4. Element Biosciences
11.3.5. BGI Genomics
11.3.6. Eurofins Genomics
11.3.7. Stratos Genomics, Inc.
11.3.8. MicrobesNG
11.3.9. NextOmics
11.3.10. New England Biolabs
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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