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Global Short Read Sequencing Market 2023 Key Drivers, Regional Demand, Industry Analysis And Forecast To 2032 | Major Players Are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE HealthCare Technologies Inc., Cytiva Lifesciences, Eurofins Scient
Short Read Sequencing Market
The Business Research Company's Short Read Sequencing Global Market Report 2023 identifies rising prevalence of genetic diseases as the major driver for the Short Read Sequencing Market's growth in the forecast period. Genetic diseases are conditions caused by abnormalities or mutations in an individual's DNA or genes, leading to physical, developmental, or biochemical abnormalities that can impact their health and well-being. Short-read sequencing is used in genetic diseases to analyze the genome and identify disease-associated variants comprehensively.
The global short-read sequencing market size is expected to grow from $4.82 billion in 2022 to $5.74 billion in 2023 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of short-read sequencing market is expected to reach $11.08 billion in 2027 at a CAGR of 17.9%.
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Major competitors in the short read sequencing market are F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE HealthCare Technologies Inc., Cytiva Lifesciences, Eurofins Scientific SE, Agilent Technologies Inc., Beckman Coulter Inc., Illumina Inc., QIAGEN N.V., PerkinElmer Inc., BGI Genomics Co Ltd, MGI Tech Co. Ltd., GenScript Biotech Corporation., 10x Genomics Inc., Novogene Co. Ltd, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., Genewiz Inc., Zymo Research Corporation, GenapSys Inc., Fasteris SA, GnuBIO Inc., Paragon Genomics Inc., Nabsys Inc., GATC Biotech AG, and Halcyon Molecular Inc.
A key trend in the Short Read Sequencing Market includes technology advancements. Major companies involved in the short-read sequencing market are focused on technology advancements to improve their observation power and sustain their position in the market. For instance, in October 2022, Pacific Biosciences Inc, a US-based producer of excellent, highly accurate sequencing technologies, launched external beta testing of the Onso sequencing system. The system was designed to provide precise data while also being cost-effective. The short-read platform was developed to give oncology researchers sensitive and specific targeted sequence analysis findings.
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The Short Read Sequencing Market is segmented -
By Product: Instruments, Consumables, Services.
By Technology: Next-Generation Sequencing, Sanger Sequencing.
By Workflow: Pre-Sequencing, Sequencing, Data Analysis.
By Application: Clinical Investigation, Oncology, Reproductive Health, Consumer Genomics, Agri genomics and Forensics, HLA Typing/ Immune System Monitoring.
By End Users: Academic Research, Hospitals and Clinics, Clinical Research, Pharmaceutical and Biotechnology Companies.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Short Read Sequencing Market.
The Business Research Company's "Global Short Read Sequencing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Short Read Sequencing Market Include:
1. Executive Summary
2. Short-Read Sequencing Market Characteristics
3. Short-Read Sequencing Market Trends And Strategies
4. Short-Read Sequencing Market - Macro Economic Scenario
5. Short-Read Sequencing Market Segmentation
……
32. Global Short-Read Sequencing Market Competitive Benchmarking
33. Global Short-Read Sequencing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Short-Read Sequencing Market
35. Short-Read Sequencing Market Future Outlook and Potential Analysis
36. Appendix
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