Short Read Sequencing Market Industry Insights & Opportunity Evaluation Till 2029

Short Read Sequencing Market Report Overview

The report provides a comprehensive analysis of the current and future Short Read Sequencing market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for Short Read Sequencing products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the Short Read Sequencing market. It also provides a fundamental analysis of the Short Read Sequencing market, including the drivers, opportunities, trends, and restraints that are shaping the market.

Global Short Read Sequencing Market size was valued at USD 5.40 Bn in 2022 and is expected to reach USD 16.3 Bn by 2029, at a CAGR of 18.8 %.

Short Read Sequencing Market Report Scope and Research Methodology

A combination of primary and secondary data has been used to gather information about the Short Read Sequencing market for the report. Primary data is collected through interviews with Short Read Sequencing industry experts and stakeholders, while secondary data is collected from government agencies, trade associations, and industry publications. It has used a bottom-up approach to estimate the Short Read Sequencing market size. This approach involves starting with the individual market segments and then aggregating them to arrive at the overall Short Read Sequencing market size. The report also provides detailed information on the capacity, manufacturing, price, cost, revenue, and market statistics, which helps stakeholders understand the financial performance of the key players in the Short Read Sequencing industry.

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Short Read Sequencing Market Regional Insights

North America has been traditionally a dominant player because of well-developed infrastructure and huge companies residing there. The United States, in particular, has a significant share in the Short Read Sequencing Market due to the presence of a large number of biotechnology and pharmaceutical companies, academic research institutes, and government initiatives promoting short - read sequencing research. Also, the presence of advanced healthcare infrastructure and the availability of funding for research and development has contributed to the growth of the Short Read Sequencing Market in the United States. Huge financial backing and increased demand have often helped North America sustain a huge market share over others.

Short Read Sequencing Market Segmentation

by Product

1. Consumables
2.Services
3.Instruments

Consumables are one of the leading products in the short read sequencing market as they are short-lived and offer more utilization than others. Consumables nearly account for 65% of the entire product segmentation market. Wide range of applications and usefulness in nearly all processes makes the consumable retain its share. Services are predicted to grow the highest with an CAGR of nearly 20 %, which will make it the leader in this segment. With increase in research, the needs for laboratories have also increased. Example - GENEWIZ provides custom short-read amplicon sequence analysis using Illumina platforms for antibody profiling Also, instruments have least amount of share, as with new technology, is evolving and changing continuously, the newer instruments have to be replaced with the old ones

by Technology

1.Next gen sequencing
2.Sanger sequencing

by Work

1.Sequencing
2.Pre-Se
3.Data Analysis

by Application

1.Whole Genome Sequencing
2.Whole Exome Sequencing
3.Targeted Sequencing & Resequencing

Whole Genome Sequencing, Whole Exome Sequencing, Targeted Sequencing & Resequencing, DNA-base and RNA-based are the classifications of the short read sequencing market. The targeted sequencing & resequencing segment had the largest market share of 68.21% and leads the market by a huge margin. Targeted sequence analysis becomes easier, reduces burden of complex data, becomes specific in analysis and improves accuracy. The market with huge potential for future is Whole genome sequencing market, as it has shown huge demand because of government and non-government institutions are adopting the technique for the detection of rare & rare diseases in new-borns and young children.

by End-User

1.Pharma companies
2.Research institutions
3.Clinical Laboratories

The academic & research institutes segment held for the largest market share of 48.67% in 2022 due to the increase in the research infrastructure and funding by the pharmaceutical & biotechnology companies to enhance the proteomics, genomics, and biotechnology markets. Thus, academic and research institutes nearly half of the entire market share. Also, biotech and pharma companies are increasing their use of short read sequences and showing a better year on year growth and are likely to gain higher market share by 2029.

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Short Read Sequencing Market Key Players

1. Agilent Technologies - USA
2.10x Genomics - USA
3.Bio-Rad Laboratories - USA
4.Bionano Genomics - USA
5. Thermo Fisher Scientific - USA
6. GenapSys - USA
7. Illumina - USA
8. Natera, Inc. - USA
9. Pacific Biosciences - USA
10. Partek Incorporated - USA
11. Roche Sequencing Solutions - USA
12. SeqLL, LLC - USA
13. Eurofins Scientific - Luxembourg
14. F. Hoffmann-La Roche AG - Switzerland
15. Intrexon Bioinformatics Germany GmbH - Germany
16. NRGene - Israel
17. Oxford Nanopore Technologies- UK
18. QIAGEN - Germany
19. Macrogen - South Korea
20. MGI Tech Co., Ltd. - China
21. Takara Bio Inc. - Japan
22. BGI Genomics - China
23. DNA Link - South Korea
24. MGI Tech Co., Ltd. - China
25. DASA - Brazil
26. G42 Healthcare - Abu Dhabi
27. Thermo Fisher Scientific, Inc.
28. Oxford Nanopore Technologies Ltd.
29. Pacific Biosciences of California, Inc.
30. BGI Group
31. Roche Sequencing Solutions
32. Qiagen N.V.

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Key questions answered in the Short Read Sequencing Market are:

What are Short Read Sequencing market segments?
What is the expected Short Read Sequencing market size by the end of the forecast period?
What is the expected CAGR of the Short Read Sequencing market during the forecast period?
What are the emerging trends in the Short Read Sequencing Market?
What are the factors contributing to the final price of Short Read Sequencing?
What are the major challenges that the Short Read Sequencing Market could face in the future?
Key Offerings:

Market Share, Size & Forecast by Revenue | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
PESTLE Analysis and Porter's Five Forces Analysis
Key Findings
Analyst Recommendations
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