Third Generation Sequencing Market is Estimated To Witness High Growth Owing To Efficient Genome Sequencing Capabilities

sachin sadgir

Third Generation Sequencing Market is Estimated To Witness High Growth Owing To Efficient Genome Sequencing Capabilities

The global Third Generation Sequencing Market is estimated to be valued at US$ 8.93 Bn in 2022 and is expected to exhibit a CAGR of 13.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Third generation sequencing allows for real-time sequencing of long DNA molecules without prior amplification, enabling analysis of epigenetic markers, detection of rare mutations, and discovery of structural variations. It offers improved read lengths over second generation sequencing platforms.

Market key trends:

One of the key trend gaining popularity in the third generation sequencing market is long-read sequencing. Long-read sequencing provides advantage of generating long, continuous DNA/RNA reads of up to 100,000+ bases in length. It simplifies sequence assembly and structural variant detection. For example, Pacific Biosciences' Single Molecule, Real-Time (SMRT) sequencing can generate average read lengths in excess of 10kb, helping assemble genomes with greater accuracy and resolve complex structural variations that were difficult to elucidate before.

Segment Analysis

The Third Generation Sequencing Market generation sequencing market is segmented into single-molecule real-time sequencing (SMRT), nanopore sequencing and synthesis sequencing. Among these, the single-molecule real-time sequencing (SMRT) segment currently dominates the third generation sequencing market as it is capable of producing long reads up to hundreds of kilobases. SMRT can sequence full bacterial and viral genomes and identify structural variants and large haplotypes. This has led to its wider adoption in applications like genome assembly and long-read sequencing projects across academic research and clinical diagnostics.

Key Takeaways

The global third generation sequencing market is expected to witness high growth, exhibiting CAGR of 13.1% over the forecast period, due to increasing demand for real-time, long-read and affordable sequencing. The market size is expected to reach US$ 24.2 Bn by 2030.

From a regional perspective, North America is expected to dominate the third generation sequencing market during the forecast period. This is attributed to high adoption of advanced sequencing technologies, strong presence of industry players and increasing R&D investments in the region.

Key players operating in the third generation sequencing market are Pacific Biosciences of California, Inc., Oxford Nanopore Technologies, Ltd., BGI Genomics Co., Ltd., F. Hoffmann-La Roche AG, Illumina, Inc., Thermo Fisher Scientific Inc., QIAGEN N.V., Agilent Technologies, Inc., GenapSys Inc., Loop Genomics, Nabsys, Inc., Genia Technologies, Inc., Stratos Genomics, Inc., GATC Biotech AG, Phase Genomics, Inc. The market players are focusing on new product launches, partnerships and geographic expansions to gain market share.

sachin sadgir

The Global Third Generation Sequencing Market Growth Accelerated By Adoption Of Artificial Intelligence

Sumedha 2024-01-17

The global third generation sequencing market is estimated to be valued at US$ 10. Widespread adoption of third generation sequencing-based diagnostic tests can drive significant growth in the market over the forecast period. Key TakeawaysThe Global Third Generation Sequencing Market Size is expected to witness high growth during the forecast period supported by increasing R&D investments in genomics and precision medicine. The global Third Generation Sequencing Market is estimated to be valued at US$ 10. Key player: Key players operating in the third generation sequencing market are Pfizer, Inc.

Global Third Generation Sequencing Market Is Estimated To Witness High Growth Owing To Increasing Demand for Personalized Medicine

Pooja salve 2023-09-07

The global Third Generation Sequencing market is estimated to be valued at US$ 8. Unlike traditional sequencing methods, third generation sequencing provides long-read sequencing capabilities, high accuracy, and reduced operational costs. Key Takeaways: Market Size Related Content: The Global Third Generation Sequencing Market Growth is expected to witness high, exhibiting a CAGR of 13. Regional Analysis: North America is expected to dominate the Third Generation Sequencing market during the forecast period. In conclusion, the global Third Generation Sequencing market is expected to witness significant growth in the coming years, driven by the increasing demand for personalized medicine.

The global Next Generation Sequencing Market Growth Accelerated by Emerging Applications

Rajkumar cmi 2024-02-07

The global Next Generation Sequencing Market is estimated to be valued at US$ 678. Segment Analysis The global next generation sequencing market is dominated by the whole genome sequencing segment. The decreasing costs of genome sequencing are making whole genome sequencing affordable and accessible to more customers and patients. Key Takeaways The global next generation sequencing market size is expected to witness high growth over the forecast period of 2024 to 2031. Key players: The global next generation sequencing market is highly consolidated.

Next Generation Sequencing Market Trends, Insights And Forecast To 2032

Bhuvan 2023-01-24

The Business Research Company’s Next Generation Sequencing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Next Generation Sequencing Global Market Report 2023 evaluates next generation sequencing market size, growth rate, drivers, trends, and major companies. id=3990&type=smpThe global next generation sequencing market size will grow from $9. The global next generation sequencing market size is expected to grow to $17. List Of Tables:Table 1: Global Historic Market Growth, 2017-2022, $ BillionTable 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ BillionTable 3: Global Next Generation Sequencing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 4: Global Next Generation Sequencing Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionTable 5: Global Next Generation Sequencing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion….

Next Generation Sequencing Market Emerging Audience, Segments, Profits and Competitor Landscape 2027

Market Research 2022-05-03

The improved speed and reduced costs are expected to drive market growth. are among the notable market players that have been included in MRFR’s competition tracking of the global next generation sequencing market. Regional AnalysisThe global next generation sequencing market is segmented into key regions which include the Americas, Asia Pacific, Europe, and the Middle East & Africa. The presence of pioneering next-gen sequencing technology market players are expected to make an impact on the market. com/reports/next-generation-sequencing-market-6354About US:Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Next Generation Sequencing Market Report 2022 Competitive Landscape, Trends, Opportunities & Forecast to 2028

Jame Wilsons 2022-05-16

The market research study uses several tools and techniques which are used for the determination of the growth of the ‘’global Next Generation Sequencing market’’. This report is filled with significant statistics and information for the consumers to attain in-depth data of the ‘Next Generation Sequencing’ and further ‘Next Generation Sequencing’ growth. Primarily, the report delivers ‘Next Generation Sequencing’ introduction, overview, market objectives, market definition, scope, and market size valuation. In addition, the political and the environmental factors are also determined affecting the global Next Generation Sequencing market in the estimated forecast period. The report confirms the figures about the global ‘Next Generation Sequencing market’.

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