Global Short Read Sequencing Market Projected to Grow at 17.9% CAGR, Reaching $15.06 Billion by 2029

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What Will the Short Read Sequencing Industry Market Size Be by 2025?
The market size for short read sequencing has seen significant growth in the past few years. The market is forecasted to grow from a $6.66 billion value in 2024 to reach $7.8 billion by 2025, showcasing a compound annual growth rate (CAGR) of 17.2%. The notable growth seen in the historical period is largely due to the initiatives in genomic research, a rise in the occurrence of genetic disorders, research in pharmaceuticals and biotechnology, diagnostic applications, and a reduction in sequencing costs.

What's the Long-Term Growth Forecast for the Short Read Sequencing Market Size Through 2029?
There is anticipated quick expansion in the "short read sequencing" market size in the upcoming years. It's projected to grow to $15.06 billion by 2029, with a compound annual growth rate (CAGR) of 17.9%. This substantial growth in the predicted period is linked to advancements in precision medicine, an accelerated increase in personalized genomics, broader usage in agriculture, a boost in microbiome research, and growing demand in emergent markets. Foreseen trends within this period encompass automation and high-throughput, reliance on cloud-based solutions, the incorporation of Artificial Intelligence and machine learning, the utilization of portable sequencing technologies, and the synergy of long-read sequencing.

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What Are the Key Growth Drivers Fueling the Short Read Sequencing Market Expansion?
The growing incidence of genetic disorders is anticipated to boost the expansion of the short-read sequencing market in the future. These disorders, resulting from anomalies or mutations within a person's DNA or genes, contribute to physical, developmental, or biochemical irregularities affecting their health and overall wellness. Short-read sequencing is employed in genetic disorders to thoroughly scrutinize the genome and pinpoint disease-linked variants. For instance, a RARE-X report in June 2022 revealed that there were around 10,867 unusual diseases, encompassing both genetic and non-genetic conditions. Therefore, the escalating incidence of genetic disorders fuels the growth of the short-read sequencing market.

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What Trends Will Shape the Short Read Sequencing Market Through 2029 and Beyond?
The rise in technological improvements is a significant trend gaining traction in the short-read sequencing sector. Major corporations operating in this market are honing their focus towards technological advancements to bolster their observatory capabilities and solidify their market stance. For example, Pacific Biosciences Inc., an American firm offering highly accurate sequencing technologies, launched an external beta test of the Onso sequencing system in October 2022. This system has been designed to deliver accurate data and remain cost-efficient. The short-read platform was conceived to provide oncology researchers with precise and specific targeted sequence analysis results.

How Is the Short Read Sequencing Market Segmented?
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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Which Companies Are Leading the Charge in Short Read Sequencing Market Innovation?
Major companies operating in the short read sequencing market include F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE Healare 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

Which Regions Are Leading the Global Short Read Sequencing Market in Revenue?
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.

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