Long Read Sequencing Market 2020 to Grow at a Highest CAGR of 23.7% by 2027 | Leading Players Illumina, Inc., Oxford Nanopore Technologies, PerkinElmerInc., Thermo Fisher Scientific, Inc., Novogene Corporation

Global long read sequencing market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 23.7% in the forecast period of 2020 to 2027 and is expected to reach USD 5,270.44 million by 2027 from USD 983.84 million in 2019. The increasing incidents of genetic diseases worldwide and increasing R&D expenditure are some of the factors which are aiding to the growth of the market.

The major players covered in the report are Illumina, Inc., Oxford Nanopore Technologies, PerkinElmerInc., Thermo Fisher Scientific, Inc., Novogene Corporation, Macrogen, Inc., BaseClear B.V., GENEWIZ Inc. (A subsidiary of Brooks Automation, Inc.), Pacific Biosciences of California, Inc., Takara Bio Inc., TATAA Biocenter, FG Technologies, Roche Sequencing (A subsidiary of F. Hoffmann-La Roche Ltd), Universal Sequencing Technology (UST), QIAGEN, BioCat GmbH, LOOP GENOMICS, BGI, Lexogen GmbH, Promega Corporation, Agilent Technologies, Inc, Longas Technologies and Quantapore, Inc. among other domestic and global players.

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Long read sequencing also referred to as third generation sequencing. This is a technology in which DNA molecules are sequenced directly in real time and because of this direct sequencing, the long reads are generated. These sequencing reactions are carried out without the use of PCR amplification often. Long read sequencing majorly includes two techniques such as single molecule real time (SMRT) sequencing and nanopore sequencing. Long read sequencing market has increased with increasing application in clinical sequencing & analysis and advancement in third-generation long-read sequencing techniques as compared to the past few years.

Global Long Read Sequencing Market,

By Technology (Single- Molecule Real- Time Sequencing, Nanopore Sequencing, Synthetic Long Read Sequencing and Others), Product (Instruments, Consumables and Services), Application (Whole Genome Sequencing, Epigenetics, RNA Sequencing, Complex Population, Targeted Sequencing and Others), Workflow (Pre-Sequencing, Sequencing and Data Analysis), End-user (Academic & Research Institutes, Clinical Laboratories, Hospitals, Pharma & Biotech Entities and Others), Distribution Channel (Direct Tender and Retail Sales), Industry Trends and Forecast to 2027

Long Read Sequencing Market Country Level Analysis

Global long read sequencing market is analysed and market size information is provided by country, technology, product, application, workflow, end-user and distribution channel.

The countries covered in long read sequencing market report are U.S., Canada and Mexico, Germany, United Kingdom, Italy, France, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe, Japan, China, India, South Korea, Australia, Thailand, Malaysia, Singapore, Philippines, Indonesia and rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, UAE, Israel, Saudi Arabia, Kuwait, Egypt and rest of Middle East & Africa.

In the global market, North America is dominating the global long read sequencing market due to large number of companies, R & D capabilities and development in the long read sequencing market. North America holds maximum share in the long read sequencing market due to the use of genomic tests and the presence of prominent market players, distinguished informatics networks, and well-established regulatory frameworks. In addition, the growth in the number of genomic processes for academic and clinical use in the United States is expected to drive the North American market during the forecasted period. Asia-Pacific will grow with higher rate during the entire forecast period due to the increasing penetration of leading players into emerging Asian markets and increasing investment in the design of advanced diagnostics will boost the regional market.

Global Long Read Sequencing Market Scope and Market Size

On the basis of technology, the market is segmented into single- molecule real- time sequencing, nanopore sequencing, synthetic long read sequencing and others.

On the basis of product, the market is segmented into instruments, consumables and services.

On the basis of application, the market is segmented into whole genome sequencing, epigenetics, RNA sequencing, complex population, targeted sequencing and others.

On the basis of work flow, the market is segmented into pre-sequencing, sequencing and data analysis.

On the basis of end-user, the market is segmented into academic & research institutes, clinical laboratories, hospitals, pharma & biotech entities and others.

On the basis of distribution channel, the market is segmented into direct tender and retail sales.

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