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Global Long-read Sequencing Market: Overview

  • Long-read sequencing, also known as third-generation sequencing, is a class of DNA sequencing method. Long-read technologies are helping to overcome the early limitations in accuracy, throughput, and broadening their application in genomics.
  • Long-read sequencing offers a number of advantages over short-read sequencing. Short-read sequencers such as Illumina’s NovaSeq, HiSeq produce read up to 600 bases of DNA, while long-read sequencing technologies can generate read more than 10,000 bases. Moreover, long-reads can improve genome assembly, mapping certainty, transcript isoform identification, and detection of structural variants of DNA.
  • Wider use of such long-read sequencing technologies in the clinical context may rapidly improve the understanding of cancer, pathogen evolution, drug resistance, and genetic diversity in complex regions of the genome that have important implications for clinical care

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Key Drivers and Restraint of Global Long-read Sequencing Market

  • Long-read sequencing technologies are rapidly moving toward the support of high resolution histocompatibility leucocyte antigen (HLA) typing for transplant registries in certain regions as high resolution typing potentially provides better matching of organs and clinical outcomes of patients undergoing transplantation show good results.
  • Using long-range PCR amplicons with barcoding and long-read technology also allows better description of genes from pseudogenes, such as for sequencing PKD1 for diagnosing autosomal-dominant polycystic kidney disease, for which diagnostic accuracy of NGS technologies has been limited and this drives the demand for long-read sequencing.
  • However, higher cost per base relative to short read sequencing is one of the factors that are restraining the market

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North America to Account for Major Share of Global Long-read Sequencing Market

  • In terms of region, the global long-read sequencing market can be segmented into North America, Europe, Asia Pacific, and Rest of World.  North America is expected to dominate the global market during the forecast period.
  • North America is projected to account for a significant share of the global market due to availability of well-defined reimbursement policies from public and private health insurance firms which help provide the patients easy access of diagnosis and extensive research & development activities.
  • Asia Pacific is expected to contribute to a substantial share of the market in terms of revenue during the forecast period due to the emergence of the region as a major manufacturing hub and rising expertise and academic excellence in the region.

Key Players Operating in Global Long-read Sequencing Market

Major players operating in the global long-read sequencing market include:

  • Pacific Biosciences of California, Inc.
  • Oxford Nanopore Technologies
  • Quantapore, Inc.
  • Stratos Genomics.
  • MicrobesNG
  • FG Technologies
  • Genexa AG

Global Long-read Sequencing Market: Research Scope

Global Long-read Sequencing Market, by Technology

  • Single-molecule Real Time Sequencing (PacBio)
  • Nanopore Sequencing.

Global Long-read Sequencing Market, by Application

  • Diseases Diagnosis
  • Research

Global Long-read Sequencing Market, by End-user

  • Biotechnologies and Pharmaceutical Companies
  • Academic and Research Institutes
  • Others

Global Long-read Sequencing Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Longread Sequencing Market