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The global Long Read Sequencing market size was valued at US$ 2.89 billion in 2024 and is projected to reach US$ 6.78 billion by 2030, at a CAGR of 15.3% during the forecast period 2024-2030.
The United States Long Read Sequencing market size was valued at US$ 989.4 million in 2024 and is projected to reach US$ 2.34 billion by 2030, at a CAGR of 15.4% during the forecast period 2024-2030.
Long Read Sequencing technology enables sequencing of longer DNA fragments, providing better insight into complex genomic regions and structural variations.
The global Long Read Sequencing market is experiencing strong growth, driven by complex genome research needs. In 2023, total sequencing volume reached 5 petabases, with research applications accounting for 60% of demand. The clinical applications segment is growing at 17.2% annually. The market saw a 40% increase in demand for real-time sequencing in 2023. PacBio platforms dominate with a 45% market share, while Oxford Nanopore is growing at 20% annually. North America leads with a 42% market share, while Europe is the fastest-growing region at 16.5% CAGR. The industry is focusing on developing improved accuracy systems, with a 45% growth in R&D investments.
Report Overview This report provides a deep insight into the global Long Read Sequencing market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Long Read Sequencing Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Long Read Sequencing market in any manner. Global Long Read Sequencing Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company Oxford Nanopore Technologies Pacific Biosciences of California BaseClear B.V. Future Genomics Technologies Garvan Institute of Medical Research Genome Transcriptome Facility of Bordeaux NextOmics Takara Bio Quantapore Stratos Genomics MicrobesNG Institute of Integrative Biology of the Cell Market Segmentation (by Type) Single-Molecule Real-Time Sequencing (SMRT) Nanopore Sequencing Market Segmentation (by Application) Academic Research Clinical Research Hospitals & Clinics Pharma & Biotech Entities Other Geographic Segmentation