Strong Growth Ahead: Short Read Sequencing Market Size To Grow At Arecord 17.9% Cagr By 2029

The Short Read Sequencing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Short Read Sequencing Market Size Expected to Be by 2034?
Rapid expansion has been seen in the market size of short read sequencing in the past years. The market, which was valued at $6.66 billion in 2024, is projected to reach $7.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 18.0%. The remarkable growth in the previous period can be credited to factors such as initiatives in genomic research, rising occurrence of genetic disorders, research in the pharmaceutical and biotech industry, diagnostic usages, and a downward trend in sequencing costs.

Anticipated to experience swift expansion in the coming years, the market size for short read sequencing is projected to reach a value of $15.21 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 17.9%. The predicted growth during this period can be associated with advancements in precision medicine, the fast-paced development in personalized genomics, the broadening use in agriculture, the rising tide in microbiome research, and increased demand in burgeoning markets. Key trends expected during this forecast period are automation and high-throughput, adoption of cloud-based solutions, integration of Artificial Intelligence and machine learning, the use of portable sequencing technologies, and the compatibility with long-read sequencing.

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What Are the Emerging Segments Within the Short Read Sequencing Market?
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 Long-Term Drivers Are Shaping Short Read Sequencing Market Trends?
The growth of the short-read sequencing market is anticipated to be propelled by the growing occurrence of genetic illnesses. Genetic ailments are the results of anomalies or mutations in a person's DNA or genes, which can lead to physical, developmental, or biochemical irregularities that can affect their health and well-being. Short-read sequencing is utilized in the study of genetic diseases to thoroughly scrutinize the genome and identify variants associated with the disease. For example, a report released by Australia's patient support platform, RARE-X, in June 2022 identified a total of 10,867 rare diseases, encompassing both genetic and non-genetic conditions. As such, the growing prevalence of genetic diseases is propelling the expansion of the short-read sequencing market.

Who Are the Top Competitors in Key Short Read Sequencing Market Segments?
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

What Short Read Sequencing Market Trends Are Gaining Traction Across Different Segments?
Advancements in technology is a significant trend seeing increased influence in the short-read sequencing market. Big-name corporations active in this market are striving to innovate technologically in order to enhance their observational capabilities and maintain their market standing. In a specific example from October 2022, Pacific Biosciences Inc., an American company recognized for creating superior, precision-based sequencing technologies, initiated external beta testing for their Onso sequencing system. This system was engineered to deliver accurate data in a cost-efficient manner. The short-read platform was constructed with the aim of providing sensitive and precise targeted sequence analysis results to researchers working in the field of oncology.

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Which Regions Are Becoming Hubs for Short Read Sequencing Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Short Read Sequencing Market?
2. What is the CAGR expected in the Short Read Sequencing Market?
3. What Are the Key Innovations Transforming the Short Read Sequencing Industry?
4. Which Region Is Leading the Short Read Sequencing Market?

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