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Long Read Sequencing Market Size & Share, by Technology {Single-Molecule Real-Time Sequencing (SMRT) and Nanopore Sequencing}; Product (Instruments, Consumables and Services); Workflow (Pre-Sequencing, Sequencing and Data Analysis); Application (Identification & Fine Mapping of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolve Allele Phasing) and By End User - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2595
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Long Read Sequencing Market

1. Introduction

1.1. Market Definition

1.2. Product Overview

2. Assumptions And Acronyms

3. Research Methodology

4. Executive Summary- Global Long Read Sequencing Market

5. Regulatory Landscape

6. Value Chain Analysis

7. Market Dynamics

7.1. Growth Drivers

7.2. Key Trends

7.3. Key Market Opportunities

7.4. Major Roadblocks For The Market Growth

8. Industry Risk Analysis

8.1. Demand Risk Analysis

8.2. Supply Risk Analysis

9. Evaluation On The Impact Of Covid-19 On The Global Long Read Sequencing Market

10. Global Long Read Sequencing Market

10.1. Market Size (USD million), 2018-2028

> Segmentation by Technology

· Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

> Segmentation by Product

· Instruments, Consumables and Services, Market Size (USD million), 2018-2028

> Segmentation by Workflow

· Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

> Segmentation by Application

· Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

> Segmentation by End User

· Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

> Segmentation by Region

· North America Long Read Sequencing Market Outlook

§ Segmentation by Technology

o Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

§ Segmentation by Product

o Instruments, Consumables and Services, Market Size (USD million), 2018-2028

§ Segmentation by Workflow

o Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

§ Segmentation by Application

o Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

§ Segmentation by End User

o Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

§ Segmentation by Country

o U.S. & Canada Long Read Sequencing Market, 2018-2028F (USD million)

· Europe Long Read Sequencing Market Outlook

§ Segmentation by Technology

o Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

§ Segmentation by Product

o Instruments, Consumables and Services, Market Size (USD million), 2018-2028

§ Segmentation by Workflow

o Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

§ Segmentation by Application

o Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

§ Segmentation by End User

o Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

§ Segmentation by Country

o UK, Germany, France, Italy, Spain, Russia and Rest of Europe Long Read Sequencing  Market, 2018-2028F (USD million)

· Asia Pacific Long Read Sequencing Market Outlook

§  Segmentation by Technology

o Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

§ Segmentation by Product

o Instruments, Consumables and Services, Market Size (USD million), 2018-2028

§ Segmentation by Workflow

o Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

§ Segmentation by Application

o Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

§ Segmentation by End User

o Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

§ Segmentation by Country

o China, India, Japan, South Korea, Australia, Malaysia and Rest of Asia Pacific Long Read Sequencing Market, 2018-2028F (USD million)

· Latin America Long Read Sequencing Market Outlook

§ Segmentation by Technology

o Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

§ Segmentation by Product

o Instruments, Consumables and Services, Market Size (USD million), 2018-2028

§ Segmentation by Workflow

o Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

§ Segmentation by Application

o Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

§ Segmentation by End User

o Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

§ Segmentation by Country

o Brazil, Mexico & Rest of Latin America Long Read Sequencing Market, 2018-2028F (USD million)

· Middle East & Africa Long Read Sequencing Market Outlook

§ Segmentation by Technology

o Single-molecule Real-time Sequencing (SMRT) and Nanopore Sequencing, Market Size (USD million), 2018-2028

§ Segmentation by Product

o Instruments, Consumables and Services, Market Size (USD million), 2018-2028

§ Segmentation by Workflow

o Pre-sequencing, Sequencing and Data Analysis, Market Size (USD million), 2018-2028

§ Segmentation by Application

o Identification & Fine Mapping Of Structural Variation, Tandem Repeat Sequencing, Pseudogene Discrimination, Resolving Allele Phasing, Reproductive Genomics, Cancer, Viral & Microbial Sequencing and Others, Market Size (USD million), 2018-2028

§ Segmentation by End User

o Adult Academic Research, Clinical Research, Hospitals, Clinics, and Pharma & Biotech Entities, Market Size (USD million), 2018-2028

§ Segmentation by Country

o United Arab Emirates, Saudi Arabia, Israel, South Africa and Rest of Middle East & Africa Long Read Sequencing Market, 2018-2028F (USD million)

11. Competitive Landscape

> Market Share Analysis by Manufacturer

> Company Profiles

· Oxford Nanopore Technologies

· Pacific Biosciences of California, Inc.

· FG Technologies

· Stratos Genomics

· QIAGEN

· Takara Bio Inc.

· Quantapore, Inc.

· BaseClear B.V.

12. Strategic Recommendations

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Long Read Sequencing Market size was over USD 757.83 million in 2024 and is anticipated to cross USD 23.88 billion by 2037, witnessing more than 30.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of long read sequencing is assessed at USD 953.65 million.

The growth of the global long read sequencing market is thriving on the back of the recent advancement in the third-generation long-read sequence analysis technique. The advancement in technology is expected to enhance the screening of the genetic disorders bringing a new era in the field of medical science. Furthermore, the increasing healthcare expenditure in various countries across the world is also expected to promote towards the growth of the global market. Moreover, the market is witnessing a rapid growth currently owing to the significant growth in the prevalence of genetic disorders globally, followed by the rising number of key players operating in the segment which is also resulting in the increase in the number of patients opting for long read sequencing, which is further expected to boost the market growth.

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Long Read Sequencing Sector: Growth Drivers and Challenges

Growth Indicators

  • Increasing Prevalence of Genetic Disorders: The growing occurrences of genetic disorders is one of the primary reasons of deaths globally as notified by the World Health Organization. The growing prevalence of the genetic disorders is anticipated to create a surge in demand for long read sequencing methods, thus contributing to the market growth. Furthermore, the monogenic diseases have affected millions of people worldwide which has created concern among the public. According to the World Health Organization, over 10,000 of the diseases are known to be monogenic caused by single error in a single gene in the human DNA. Additionally, the long read sequencing also are highly recommended in cases where repeat disease or complex chromosomal rearrangements are suspected. The long read sequencing can further assist patients in monitoring their condition empowering them to more readily work with healthcare providers to manage their conditions and improve care. This factor is further projected to drive the market growth in the forthcoming years.

    On the other hand, the increasing implementation of Next Generation Sequencing (NGS) technologies is one of the major factors driving the growth of the market. The implementation of NGS in the field of medical genetics has gained immense acceptance over the years owing to their high efficacy in screening genetic disorders, which is expected to drive the market growth. Currently, long read sequencing (LRS) techniques are being used to offer improvement in the characterization of the genetic variations that are difficult to access by using the current NGS approaches. The long read sequencing (LRS) technology is also used to detect genetic orders with previously known or suspected disease loci. Such factors are anticipated to drive the growth of the global long read sequencing market.

Challenges

  • High Cost of the Long Read Sequencing Procedure: Although the market has witnesses significant growth over the recent years, there are certain factors that may limit the expansion of the market in the upcoming years. For instance, the high cost associated with the long read sequencing procedures in anticipated to pose moderate threat to the growth of the market. Furthermore, the lack of proper healthcare infrastructure in various countries due to low healthcare expenditure is also projected to negatively impact the growth of the market in low income countries.

Long Read Sequencing Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

30.4%

Base Year Market Size (2024)

USD 757.83 million

Forecast Year Market Size (2037)

USD 23.88 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Long Read Sequencing Segmentation

The global long read sequencing market has been segmented on the basis of technology into single-molecule real-time sequencing (SMRT) and nanopore sequencing. The single-molecule real-time sequencing (SMRT) segment held the largest market share and reached a market value of USD 527.01 million in the year 2018. Additionally, the segment is expected to achieve a CAGR of 23.68% during the forecast period and cross a value of USD 4438.17 million by the end of 2036. Further, the segment is anticipated to gain an incremental $ opportunity of USD 156.26 million in the year 2020 as compared to the previous year. On the other hand, the segment is also anticipated to grow by 4.42x and further gain an absolute $ opportunity of USD 3435.4 million during the forecast period.

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Long Read Sequencing Industry - Regional Synopsis

The global long read sequencing market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among these regions, North America industry is predicted to dominate majority revenue share of 40% by 2037. The market in the region is further anticipated to gain an incremental $ opportunity of USD 101.41 million in the year 2020 as compared to the previous year and is further expected to cross USD 2935.15 million by the end of 2036. Additionally, the market in the region is anticipated to grow by 4.56x and gain an absolute $ opportunity of USD 2291.54 million during the forecast period. 

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Companies Dominating the Long Read Sequencing Landscape

    • Oxford Nanopore Technologies
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Pacific Biosciences of California, Inc.
    • FG Technologies, Stratos Genomics
    • QIAGEN
    • Takara Bio Inc.
    • Quantapore, Inc.
    • BaseClear B.V.

In the News

  • February 2020: NuProbe Global has signed an agreement with Oxford Nanopore Technologies. The collaboration will support the expanding use of Oxford Nanopore sequencing in applications such as cancer.

  • April 2020: Pacific Biosciences of California, Inc. announced that it has added PacBio Sequel II System to the genomics services portfolio of Inqaba Biotec. The Sequel II System offers highly accurate long reads, with 15x more data as compared to the original Sequel System.

Author Credits:  Radhika Pawar


  • Report ID: 2595
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of long read sequencing is assessed at USD 953.65 million.

Long Read Sequencing Market size was over USD 757.83 million in 2024 and is anticipated to cross USD 23.88 billion by 2037, witnessing more than 30.4% CAGR during the forecast period i.e., between 2025-2037.

North America industry is predicted to dominate majority revenue share of 40% by 2037, North America industry is set to dominate majority revenue share of 40% by 2037

The major players in the market are Oxford Nanopore Technologies, Pacific Biosciences of California, Inc., FG Technologies, Stratos Genomics, QIAGEN, Takara Bio Inc., Quantapore, Inc. and BaseClear B.V.
Long Read Sequencing Market Report Scope

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