Long Read Sequencing Market Size, Share Analysis & Industry Growth 2032 | Oxford Nanopore Technologies plc. (UK), PacBio (US)

Global Long Read Sequencing Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Long Read Sequencing Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global long read sequencing market which was USD 519.65 million in 2023, and is expected to reach USD 2,533.58 million by 2032, and is expected to undergo a CAGR of 21.10% during the forecast period 2025-2032.

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Global Long Read Sequencing Market Dynamics

Market Driver:

Dealing with the constraints of short-read sequencing technology, long-read sequencing has grown important. The long-read sequencing has revealed numerous underappreciated genomic characteristics including structural variations and repetition arrays. Long-read sequencing enables investigation of previously unreported genomic areas that were challenging to research, and helps investigators to grasp the whole spectrum of human genetic variation. Single-molecule real-time sequencing and nanopore-based sequencing are the two primary forms of long-read sequencing technology. Developed by PacBio (US). High-fi sequencing represents an advancement in SMRT sequencing with an accuracy approaching 99.99%, HiFi sequencing provides sequence lengths of 10-20 kilobase pairs (kbp). This development has facilitated the identification of structural variants and enabled the decoding of acrocentric short arms and centromeres, two repeating sequences of the genome.

Market Restraint:

Long-read sequencing technologies' development and application suffer large expenses that provide major hurdles in long-read sequencing. High costs associated with equipment, operational needs, research and development, and hiring qualified professionals combine to produce strong financial constraints. Particularly for smaller research institutions and companies with tighter budgets, these expenses often restrict the availability of long-read sequencing. This price barrier can prevent the broad acceptance of these technologies, therefore slowing down the speed of scientific development and clinical application. Establishing facilities for long-read sequencing sounds for large capital outlay in specialized equipment like high-performance sequencing machines, sophisticated bioinformatics servers, and sophisticated laboratory configurations all of which add to the total high cost. For example, an Oxford Nanopore Technologies GridlON system costs roughly USD 65,000, whereas a PacBio Revio instrument runs about USD 779,000.

Major Players in Long Read Sequencing Markets are:

Oxford Nanopore Technologies plc. (UK) PacBio (US) Illumina, Inc. (US) Agilent Technologies, Inc. (US) Thermo Fisher Scientific Inc. (US) 10X Genomics Inc. (US) EdenRoc Sciences (US) QIAGEN (Germany) BGI Group (China) Takara Bio Inc. (Japan) Azenta US Inc. (US) Revvity Inc. (US) Danaher Corporation (US) Novogene Co. Ltd. (China) New England Biolabs (US) BaseClear BV (Netherlands) Element Biosciences (US) Grandomics (China) CD Genomics (US) Sage Sciences Inc. (US)

Industry News:

In May 2024, Oxford Nanopore Technologies collaborated with Twist Bioscience to launch a new Pharmacogenomics Beta Programme. This long-read pharmacogenomics solution, available for research use, is designed to provide clear genetic results in a single end-to-end workflow from sample to pharmacogenomics star allele call.

In September 2023, PacBio announced a partnership with Hamilton, Integra, Revvity, and Tecan to create fully automated protocols to prepare samples for sequencing on Revio and Sequel II and IIe systems.

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Global Long Read Sequencing Market Segmentation:

By Product:
Consumables
Instruments
Services
Work Flow
Sequencing
Data Analysis
Pre-Sequencing

By Technology:
Nanopore Sequencing
Single Molecule Real Time Sequencing (SMRT)

By Application:
Tandem Repeat Sequencing
Identification and Fine Mapping of Structural Variation
Viral and Microbial Sequencing
Reproductive Genomics
Pseudogene Discrimination
Others

By End-User:
Hospitals and Clinics
Pharmaceutical and Biotechnology Industry
Others

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The following areas and countries are covered in the worldwide Long Read Sequencing Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America is the largest regional market for long-read sequencing in 2023, while Europe is the second-largest market. The large share of North America can be attributed to the supportive government initiatives and policies, further the growing acceptance and integration of WGS in healthcare. However, the Asia Pacific is estimated to be the fastest-growing segment of the market owing to the rapid expansion of clinical diagnostics, the rising prevalence of inherited disorders, and the growing focus on precision medicine.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
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