Press release
Global Short Read Sequencing Market: Ascending Trends, Keen Players and Predominant Market drivers; Forecast 2024-2029
"Witness the Transient Growth of the Short Read Sequencing Market Backed by Genomic Research Initiatives, Increased Prevalence of Genetic Disorders and Declining Sequencing Costs.
What Is The Projected Market Size Of The Global Short Read Sequencing Market And Its Growth Rate?
The market size of Short Read Sequencing has been proliferating from:
• $6.66 billion in 2024 to $7.86 billion in 2025 at a CAGR of 18.0%.
• expected to grow further to $15.21 billion in 2029 at a CAGR of 17.9% during the forecast period.
The growth attributes to advancements in precision medicine, rapid growth in personalized genomics, expanding applications in agriculture, surge in microbiome research, and rising demand in emerging markets.
What Is Driving The Growth In The Short Read Sequencing Market?
The burgeoning prevalence of genetic diseases has been significantly amplifying the growth of the short-read sequencing market. Genetic diseases are caused by abnormalities in an individual's DNA or genes causing various health impacts. Short-read sequencing aids in comprehensive genome analysis and identification of disease-associated variants. For instance, as per a RARE-X report in June 2022, there were as many as 10,867 rare diseases, both genetic and non-genetic. The escalating prevalence of such diseases is driving the short-read sequencing market's growth.
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Who Are the Key Players Driving Short Read Sequencing Market Growth?
The key players catalyzing the growth in the short-read sequencing market include:
• 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
• Paragon Genomics Inc.
• Nabsys Inc.
• GATC Biotech AG
What Are The Key Trends In The Short Read Sequencing Market?
Key trends contributing to the market growth include:
• Automation and high-throughput
• Integration of AI and machine learning
• Portable sequencing technologies
• Long-read sequencing synergy
What Are The Segments Of The Global Short Read Sequencing Market?
The global short-read sequencing market is segmented by:
1) Product: Instruments, Consumables, Services
2) Technology: Next-Generation Sequencing, Sanger Sequencing
3) Workflow: Pre-Sequencing, Sequencing, Data Analysis
4) Application: Clinical Investigation, Oncology, Reproductive Health, Consumer Genomics, Agri genomics And Forensics, HLA Typing Or Immune System Monitoring
5) End Users: Academic Research, Hospitals And Clinics, Clinical Research, Pharmaceutical And Biotechnology Companies
Which Region Leads The Short Read Sequencing Market?
North America was the largest region in the Short Read Sequencing market in 2024. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Asia-Pacific is expected to witness rapid growth during the forecast period.
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What Is Covered In The Short Read Sequencing Market Global Market Report?
- Market Size Analysis: Analyze the Short Read Sequencing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Short Read Sequencing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Short Read Sequencing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Short Read Sequencing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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