Short Read Sequencing Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

How Are the key drivers contributing to the expansion of the short read sequencing market?
The escalating incidences of genetic ailments are anticipated to fuel the expansion of the short-read sequencing market in the future. Genetic disorders are diseases triggered by anomalies or gene variations in a person's DNA, resulting in physical, developmental, or biochemical anomalies that can adversely affect their health. Short-read sequencing is enlisted for genetic diseases to thoroughly scrutinize the genome and discern disease-linked variants. For example, RARE-X, an Australian patient support platform, revealed in a June 2022 report that there were 10,867 rare diseases, a figure that includes both genetic and non-genetic conditions. As such, the increasing occurrence of genetic diseases is a significant driver for the growth of the short-read sequencing market.

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What growth opportunities are expected to drive the short read sequencing market's CAGR through 2034?
In recent years, the size of the short read sequencing market has vastly expanded. The market value is anticipated to escalate from $6.66 billion in 2024 to $7.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.0%. Contributing factors to this surge during the historic period include the launch of genomic research ventures, heightened occurrence of genetic maladies, advancements in pharmaceutical and biotech research, diagnostic applications, along with a notable reduction in sequencing expenses.

In the forthcoming years, a swift expansion in the market size of short read sequencing is anticipated. With a compound annual growth rate (CAGR) of 17.9%, it is set to reach a substantial mark of $15.21 billion by 2029. This growth during the projected phase is linked to the advancements in precision medicine, the swift upsurge in personalized genomics, burgeoning applications within the agricultural field, an upswing in microbiome research, and the increasing demand from developing markets. Prominent trends for the prediction phase comprise of automated and high-volume throughput, solutions based on cloud technology, incorporation of Artificial Intelligence (AI) and machine leaning, compact sequencing technologies, and the harmony of long-read sequencing.

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What are the most significant trends transforming the short read sequencing market today?
The primary trend emerging in the short-read sequencing market is advancements in technology. This trend is being primarily driven by major companies striving to enhance their observational abilities and maintain their market standing through technological innovation. For example, in October 2022, Pacific Biosciences Inc., an American company specializing in high-quality, precise sequencing technologies, initiated external beta testing for its Onso sequencing system. This system was engineered to deliver accurate data in a cost-effective manner. The short-read platform was created with the intention of providing oncology researchers with sensitive and specific results from targeted sequence analysis.

Which growth-oriented segments of the short read sequencing market are leading the industry's development?
The short read sequencing market covered in this report is segmented -

1) By Product: Instruments, Consumables, Services.
2) By Technology: Next-Generation Sequencing, Sanger Sequencing.
3) By Workflow: Pre-Sequencing, Sequencing, Data Analysis.
4) By Application: Clinical Investigation, Oncology, Reproductive Health, Consumer Genomics, Agri genomics And Forensics, HLA Typing Or Immune System Monitoring.
5) By End Users: Academic Research, Hospitals And Clinics, Clinical Research, Pharmaceutical And Biotechnology Companies.

Subsegments:
1) By Instruments: Next-Generation Sequencing (NGS) Systems, Sequencing Platforms, Library Preparation Systems
2) By Consumables: Reagents And Kits, Flow Cells, Sample Preparation Consumables
3) By Services: Sequencing Services, Data Analysis Services, Bioinformatics Services

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What regions are leading the charge in the short read sequencing market?
North America was the largest region in the Short Read Sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short read sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the short read sequencing market?
Major companies operating 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

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What Is Covered In The Short Read Sequencing Global Market Report?

• Market Size Forecast: Examine the short read sequencing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the short read sequencing market for a structured understanding.
• Key Players Overview: Analyze major players in the short read sequencing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the short read sequencing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the short read sequencing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the short read sequencing market.
• Industry Challenges: Identify potential risks and obstacles affecting the short read sequencing market.
• Competitive Landscape: Review strategic developments in the short read sequencing market, including expansions, agreements, and new product launches.

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