Global Long Read Sequencing Market, By Technology (Single Molecule Real-Time Sequencing, Nanopore Sequencing), By Product, By Application, By End User, By Geography

Description

Global long read sequencing market size is expected to reach US$ 5,142.3 Mn by 2031, from US$ 780 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 30.9% during the forecast period.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 780 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024-2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	30.90%	2030/2031 Value Projection:	US$ 5,142.3 Mn

Figure 1. Global Long Read Sequencing Market Share (%), By Region, 2024

Global Long Read Sequencing Market - IMG1

Long read sequencing which is also known as third-generation sequencing, allows sequencing of longer deoxyribonucleic acid (DNA) fragments as compared to traditional short read sequencing technologies. There are two main products in the long read sequencing market - PacBio sequencing systems and Oxford nanopore sequencing systems.

PacBio sequencing systems use single-molecule real-time (SMRT) sequencing to read entire DNA molecules. This method detects fluorescence from individual DNA polymerase complexes to determine the sequence in real time as synthesis occurs. The advantage is that it can generate read lengths of 10-20kb on average, which is useful for sequencing complex genomes and determining haplotypes. However, it has a higher error rate of 15% as compared to short read technologies. Oxford nanopore sequencing systems are based on protein nanopores and can read DNA strands passing through these nanopores. It can produce very long reads in the range of 50kb-1Mb. Though the error rate is higher at 6-15%, ongoing developments aim to reduce it. An added advantage is that the portable MinION device allows real-time and off-grid sequencing.

Long read sequencing technologies have enabled sequencing of much longer fragments as compared to short read methods. While error rates are still relatively high, ongoing research promises to reduce it further and allow more accurate assembly of complex genomes.

Market Dynamics:

Increasing novel product launches by the market players and increasing funding for the research and development (R&D) of innovative products is expected to drive the market growth over the forecast period.

Key Features of the Study:

This report provides an in-depth analysis of the global long read sequencing market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global long read sequencing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Illumina Inc., Pacific Biosciences, Oxford Nanopore Technologies, PerkinElmer, Stratos Genomics, Phase Genomics, 10x Genomics, Genapys, Bionano Genomics, and Other Prominent Players
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global long read sequencing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global long read sequencing market

Detailed Segmentation:

Global Long Read Sequencing Market, By Technology
- Single Molecule Real-Time (SMRT) Sequencing
- Nanopore Sequencing
Global Long Read Sequencing Market, By Product
- Systems
- Consumables
Global Long Read Sequencing Market, By Application
- DNA Sequencing
- RNA Sequencing
- Epigenetics
Global Long Read Sequencing Market, By End User
- Pharmaceutical & Biotechnology Companies
- CDMO
- Academic & Research Institutes
Global Long Read Sequencing Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Top Companies in the Global Long Read Sequencing Market:
- Illumina Inc.
- Pacific Biosciences
- Oxford Nanopore Technologies
- PerkinElmer
- Stratos Genomics
- Phase Genomics
- 10x Genomics
- Genapys
- Bionano Genomics
- Other Prominent Players

Product Code: CMI6582

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing applications in DNA sequencing
- Increasing funding and investments
Key Highlights
Regulatory Scenario
Recent Trends
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Long Read Sequencing Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Long Read Sequencing Market, By Technology, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Single Molecule Real-Time (SMRT) Sequencing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
Nanopore Sequencing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)

6. Global Long Read Sequencing Market, By Product, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
Consumables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)

7. Global Long Read Sequencing Market, By Application, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
DNA Sequencing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
RNA Sequencing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
Epigenetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)

8. Global Long Read Sequencing Market, By End User, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pharmaceutical & Biotechnology Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
CDMO
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
Academic & Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)

9. Global Long Read Sequencing Market, By Region, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031(%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Mn)
North Africa
Central Africa
South Africa

10. Competitive Landscape

Company Profile
- Illumina Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
- Pacific Biosciences
- Oxford Nanopore Technologies
- PerkinElmer
- Stratos Genomics
- Phase Genomics
- 10x Genomics
- Genapys
- Bionano Genomics
- Other Prominent Players
Analyst Views

11. Section

References
Research Methodology
About us