Long Read Sequencing Market Sets New Record, Projected at USD 4.5 Billion by 2031 at 22.3% CAGR

According to the report published by Allied Market Research, the Global Long Read Sequencing Market was estimated at USD 603.5 million in 2021 and is expected to hit USD 4.5 billion by 2031, registering a CAGR of 22.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Covid-19 scenario-

• Disrupted supply chains, restricted sales operations, and distorted marketing efforts hindered the shipping and delivery of products to customers. Consequently, many companies experienced a sharp decline in the sales of their sequencing consumables and instrument services, especially during the initial period, thus impacting the global long road sequencing market negatively.
• However, as the countries eased restrictions gradually, the market for long read sequencing got back on track at a quick pace.

The key market players analyzed in the global long-read sequencing market report include BaseClear BV, Grandomics, Cantata Bio, F. Hoffmann-La Roche Ltd., The Genome Transcription Facility of Bordeaux, Jiangsu Hengrui Pharmaceutical Co.Ltd., Agilent Technologies, Inc., MicrobesNG, Novogene, Illumina, Inc.  Oxford Nanopore Technologies, Pacific Biosciences Inc., St Vincent’s Hospital Australia, Takara Holdings Inc., Future Genomics Technologies, Thermo Fisher Scientific, Inc., and Element Biosciences. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐨𝐧𝐠 𝐑𝐞𝐚𝐝 𝐒𝐞𝐪𝐮𝐞𝐧𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭?

Increase in the prevalence of chronic diseases & genetic disorders and several initiatives taken by governments for large-scale sequencing projects drive the growth of the global long read sequencing market. Based on application, the research applications segment contributed the highest share in 2021. By region, on the other hand, Asia-Pacific would cite the fastest CAGR by 2031.

𝐋𝐨𝐧𝐠 𝐑𝐞𝐚𝐝 𝐒𝐞𝐪𝐮𝐞𝐧𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

The global long read sequencing market is analyzed across application, techniques, product, end-user, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on application, the research applications segment contributed to nearly three-fourths of the global long read sequencing market revenue in 2021, and is expected to dominate by 2031. The clinical applications segment would also showcase the fastest CAGR of 22.8% throughout the forecast period.

Based on product, the consumables segment held around half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also manifest the fastest CAGR of 23.3% throughout the forecast period. The other segments analyzed in the report take in instruments and services.

Based on end user, the pharmaceutical and biotech companies segment held more than two-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The academic and government research institutes segment, on the other hand, would manifest the fastest CAGR of 23.5% throughout the forecast period.

Based on region, the market across North America generated nearly half of the global market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 25.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
• Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
• LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.