The premium market intelligence report published by BIS Research highlights that the global long-read sequencing market is projected to reach $3,305.5 million by 2030. The study also highlights that the market is set to witness a CAGR of 21.15% during the forecast period 2021-2030. The global long-read sequencing market is expected to grow at a single-digit compound annual growth rate in the forecast period 2021-2030, aided primarily by the impressive growth in the underlying services market.
Long-read sequencing is one of the comprehensive methods for analyzing entire genomic analysis. Genomic information has been instrumental in identifying inherited disorders, characterizing the mutations that drive cancer progression, and tracking disease outbreaks. Further, long-read sequencing is the technique for sequencing all the genome and protein-coding genes in the genome. This technique includes the selection of the subset of the deoxyribonucleic acid (DNA) of the genome that encodes proteins or exons, which is followed by sequencing of the exome DNA using high throughput DNA sequencing methods. Long-read sequencing is also known as third-generation sequencing. Long-read sequencing is a DNA sequencing technique currently being researched to determine the nucleotide sequence of long sequences of DNA between 10,000 and 100,000 base pairs at a time. This technology removes the need to cut up of genome and then amplify DNA which is normally required in other DNA sequencing techniques.
Long-read sequencing is overcoming early limitations in the throughput and accuracy of the genome. The sequencing methods are broadening their application domains in genomics and data analysis.
The comprehensive study covers the following:
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To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include products and services, technology, end user, application, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.
View the Report from BIS Research at Global Long-Read Sequencing Market
The premium market intelligence by BIS Research, additionally, throws a spotlight on the opportunities existing in the market, including the high scope for adoption of long-read sequencing in emerging nations, increased use of therapies, and provide solutions for one of the chronic diseases. The study is majorly centered on the sub-segments and micro-segments of the different commercialized products in the market.
To emphasize the dominance of the North America segment in the regional segmentation of global long-read sequencing market in 2020 and 2030, Nitish Kumar Singh, Principal Analyst – BIS Research, states, "North America is the leading contributor in the global long-read sequencing market and contributed approximately 42.60% to the global market value in 2020. This region is anticipated to grow at a CAGR of 20.52% during the forecast period 2021-2030 and continue dominating the global market in 2030. However, the Asia-Pacific region is expected to grow at an impressive CAGR of 22.81% during the forecast period from 2021 to 2030.”
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Key insights are drawn from in-depth interviews with the key opinion leaders of more than 15 leading companies, market participants, and vendors. The key players profiled in the report include Agilent Technologies, Inc., Beijing Genomics Institute (BGI) Genomics Co., Ltd, Bionano Genomics, Inc., F. Hoffmann-La Roche Ltd., Illumina, Inc., Longas Technologies Pty Ltd, Novogene Co., Ltd., Oxford Nanopore Technologies, Inc., Pacific Biosciences of California, Inc., PerkinElmer Inc., QIAGEN N.V., Quantapore, Inc., and Thermo Fisher Scientific Inc.
The study also offers strategic recommendations that can help organizations in tracking various products, trends, and applications that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives
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