Long Read Sequencing Market to Grow at a CAGR of 22.3% to reach US$ 5,334.68 million from 2021 to 2028

The long read sequencing market was valued at US$ 1,101.15 million in 2020 and it is projected to reach US$ 5,334.68 million by 2028; it is expected to grow at a CAGR of 22.3% during 2021–2028.
The long read sequencing is a DNA sequencing technique. It offers numerous distinct advantages than next-generation sequencing technologies such as more precisely sequence DNA containing the same sections of DNA repeated within the genome.

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Key Players Analysis:                                   
Oxford Nanopore Technologies
Tataa Biocenter
Illumina, Inc
Perkinelmer Inc.
F. Hoffmann-La Roche Ltd.
Baseclear B.V.
Bionano Genomics
Longas Technologies
Pacific Biosciences of California, Inc.
Quantapore, Inc.

 The report covers key developments in the Long Read Sequencing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Long Read Sequencing market are anticipated to have lucrative growth opportunities in the future with the rising demand for Long Read Sequencing in the global market. Below mentioned is the list of few companies engaged in the Long Read Sequencing market.

Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.

Application:
Based on application, the global long read sequencing market is segmented into identification and fine mapping of structural variation, tandem repeat sequencing, pseudogene discrimination, resolving allele phasing, reproductive genomics, cancer, viral and microbial sequencing, and others. The identification and fine mapping of structural variation segment held the largest share of the market in 2020, and the cancer segment is expected to register the highest CAGR from 2021 to 2028.

Workflow:
Based on workflow, the global long read sequencing market is segmented into pre-sequencing, sequencing, and data analysis. The sequencing segment held the largest share of the market in 2020, and the same segment is expected to register the highest CAGR during 2021–2028.

End-User:
Based on end-user, the global long read sequencing market is segmented into academic research institutes, hospitals and clinics, and pharma and biotechnology companies. The academic research institutes segment held the largest share of the market in 2020, and the same segment is expected to register the highest CAGR during 2021–2028.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Long Read Sequencing Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Long Read Sequencing Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report offers key drivers that propel the growth in the global Long Read Sequencing market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Long Read Sequencing Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Long Read Sequencing Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.          

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