The long read sequencing business is anticipated to augment business germination in the projection period of 2020 to 2027 reckoning to USD 2,584.97 million by 2027 expanding at an annual growth of 23.2% in the above-mentioned projection years.
North America long read sequencing market is growing with factors such as advancement in third-generation long-read sequencing techniques, increased R&D expenditure, rising prevalence of genetic disorders and increasing application in clinical sequencing & analysis among which the rising number of cases of genetic disorders has become a factor towards the growth of the long read sequencing. However, high cost of the long read sequencing procedure and technological challenges of process are some of the factors that are acting as restraints and may obstruct the growth of the market in the given forecast period.
North America Long Read Sequencing Market Scenario
According to Data Bridge Market Research, the market for long read sequencing in North America region has the highest market. Market leader is Illumina, Inc. which accounts an estimated market share of approximately 19.84% in the North America. The company has gained outstanding sales through providing sequencing services.
For instance,
- In November 2018, Illumina, Inc. and Pacific Biosciences have signed an agreement for Illumina to acquire Pacific Biosciences at a price of USD 8.00 per Pacific Biosciences share. This acquisition offers Illumina sequencing solutions with accurate long-read sequencing capabilities for set of complex genomic questions. The development makes the company’s product portfolio advanced in the market.
Trends Impacting the Market
Now the question is which other regions Illumina, Inc., Oxford Nanopore Technologies, PerkinElmer Inc., Thermo Fisher Scientific, Inc. and Novogene Corporation are targeting? Data Bridge Market Research has estimated a large share in North America long read sequencing market and the market leaders targeting the U.S., Mexico, and Canada to be their next revenue pockets for 2020.
Long read sequencing market is becoming more competitive with companies such as Illumina, Inc., Oxford Nanopore Technologies, PerkinElmerInc., Thermo Fisher Scientific, Inc. and Novogene Corporations. These are the top dominating companies in long read sequencing market which have maximum number of long read sequencing products and receiving large FDA & CE mark approval for launching new products in the market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the North America long read sequencing market.
For more analysis on the North America long read sequencing market request for a briefing with our analysts https://www.databridgemarketresearch.com/reports/north-america-long-read-sequencing-market
Long Read Sequencing Market Development
- In October 2017, Illumina, Inc. has announced the launch of the NovaSeq S4 flow cell, reagent kit and NovaSeq Xp workflow for its NovaSeq 6000 System. It makes the NovaSeq platform flexible and the release of this new flow cell and workflow expands the capabilities of the platform to strengthen high intensity sequencing within the sequencing methods. This strengthens the product portfolio of the company.
Scope of the Long Read Sequencing Market
Long read sequencing market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and rest of Middle East & Africa.
- All country based analysis of North America long read sequencing market is further analyzed based on further segmentation. North America long read sequencing market based on technology is segmented into single- molecule real- time sequencing, nanopore sequencing, synthetic long read sequencing and others. On the basis of product, the market is segmented into instruments, consumables and services. On the basis of application, the market is segmented into whole genome sequencing, epigenetics, RNA sequencing, complex population, targeted sequencing and others. On the basis of work flow, the market is segmented into pre-sequencing, sequencing and data analysis. On the basis of end-user, the market is segmented into academic & research institutes, clinical laboratories, hospitals, pharma & biotech entities and others. On the basis of distribution channel, the market is segmented into direct tender and retail sales.
Key Pointers Covered in Long Read Sequencing Market Industry Trends and Forecast to 2027
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Key Market Competitors Covered in the Report
- Illumina, Inc.
- Oxford Nanopore Technologies
- PerkinElmerInc.
- Thermo Fisher Scientific, Inc.
- Novogene Corporation
- Macrogen, Inc.
- GENEWIZ Inc. (A subsidiary of Brooks Automation, Inc.)
- Pacific Biosciences of California, Inc.
- Takara Bio Inc.
- Roche Sequencing (A subsidiary of F. Hoffmann-La Roche Ltd)
- Universal Sequencing Technology (UST)
- QIAGEN
- BioCat GmbH
- LOOP GENOMICS
- BGI
- Lexogen GmbH
- Promega Corporation
- Agilent Technologies, Inc
- Quantapore, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of long read sequencing companies’, contact us https://www.databridgemarketresearch.com/reports/north-america-long-read-sequencing-market
Research Methodology: Long Read Sequencing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Researchers, Scientists, Lab Technicians, Healthcare Professionals, Doctors
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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