Third generation sequencing provides long reads with enhanced read lengths compared to second generation sequencing technologies. It can sequences DNA or RNA without fragmentation or amplification and offers advantages like whole genome sequencing without gaps, isoform detection and structural variation detection.
The global Third Generation Sequencing market is expected to witness high growth in the forecast period of 2023 to 2030. The market size for 2023 is estimated to be US$ 10.1 Bn with a CAGR of 13% as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of third generation sequencing over conventional second generation sequencing technologies can drive the market growth over the forecast period. Third generation sequencing has started to gain acceptance owing to its ability to provide long read lengths of over 10,000 base pairs or more compared to short reads provided by second generation technologies. This enhanced read length allows better whole genome sequencing capabilities without gaps as well as isoform detection and structural variation detection which are difficult with short reads. Technologies like nanopore sequencing from Oxford Nanopore Technologies provide real time, portable and affordable sequencing and is finding increasing usage in applications like rapid pathogen identification and outbreak investigations which conventional sequencing cannot provide. The ability of third generation sequencing to provide long reads at reduced cost compared to earlier will increase its adoption going ahead.
Segment Analysis
The global third generation sequencing market is dominated by single-molecule real-time sequencing sub segment. This is because single molecule real-time sequencing provides easy to use benchtop instruments along with continuous real time monitoring of DNA polymerase, which eliminates the need for amplification and allows direct observation of DNA synthesis.
Key Takeaways
Global Third Generation Sequencing Market Demand is expected to witness high growth during the forecast period of 2023 to 2030. The market size is projected to grow from US$ 10.1, registering a CAGR of 13%.
Regional analysis
North America dominates the third generation sequencing market currently. This is attributed to presence of key market players and rising funding for genome projects in the region. However, Asia Pacific is expected to witness the fastest growth over the coming years. Increasing healthcare expenditure and expansion of key players into emerging countries in the region is expected to support the growth of third generation sequencing market in Asia Pacific.
Key players
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. PacBio and Oxford Nanopore have emerged as innovative technology leaders in this market.
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To order this 290+ page report, which features 50+ figures and 100+ tables, please visit this link Key Market Insights Over 200 players situated across the globe, claim to offer a variety of services for proteome profiling, and have developed the required expertise to process different sample typesThe market is fragmented, featuring the presence of both industry and non-industry players that are involved in providing proteome profiling services for various applicationsThe current landscape includes a mix of both established players and new entrants; close to 40% of the companies offering proteome profiling services were established over the last two decadesSeveral contract service providers, involved in this domain, are steadily expanding their capabilities in order to enhance their respective proteome profiling service portfolio and maintain a competitive edge in the industryThe growing trend of outsourcing proteome profiling operations is evident form the rise in recent partnership activity; the maximum number of collaborations were observed to have been inked in 2019The benefits of proteome profiling service presently outweigh the challenges related to their existing capabilities; the growing optimism in this domain is evident in the opinions of industry veteransThe market is anticipated to grow at CAGR of 15%, till 2030, and the projected opportunity is likely to be distributed across various type of applications, sponsors and key geographical regions For more information, please visit https://www.rootsanalysis.com/reports/proteome-profiling-services.html Table of Contents PREFACE 1.1.
Recent Developments and Future Outlook 5.3.
Recent Developments and Future Outlook COMPANY PROFILES: PROTEOME PROFILING SERVICE PROVIDERS IN ASIA PACIFIC AND REST OF THE WORLD7.1.
Recent Developments and Future Outlook COMPANY COMPETITIVENESS ANALYSIS8.1.
Proteome Profiling Services Market, 2020-2030: Geographical Distribution12.3.4.
Proteome Profiling Services Market in Rest of the World, 2020-2030 IMPACT OF THE COVID-19 PANDEMIC ON PROTEOME PROFILING SERVICES MARKET13.1.
