According to the report published by Allied Market Research, the global market Long Read Sequencing Market was estimated to reach $603.5 million in 2021 and is projected to reach $4.5 billion by 2031, registering a CAGR of 22.3% from 2022 to 2031. The report provides a detailed analysis of the major pockets of investment, best winning strategies, drivers and opportunities, market size. & estimates, the competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.
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Covid-19 scenario-
- Disrupted supply chains, restricted sales operations and distorted marketing efforts have hampered the shipment and delivery of products to customers. Consequently, many companies have experienced a sharp decline in the sales of their sequencing consumables and instrument services, especially during the initial period, thereby negatively impacting the global long-route sequencing market.
- However, as countries gradually eased restrictions, the long-read sequencing market got back on track at a rapid pace.
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The global Long-Read Sequencing market is analyzed across applications, techniques, products, end-users, and regions. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.
Based on applications, the research application segment contributed almost three-quarters of the global long-read sequencing market revenue in 2021 and is expected to dominate by 2031. The clinical application segment would also exhibit the Fastest CAGR of 22.8% throughout the forecast period.
Based on product, the consumables segment held about half of the total market revenue in 2021 and is expected to dominate by 2031. The same segment would also show the fastest CAGR of 23.3% throughout the period. forecast. Other segments analyzed in the report include instruments and services.
On an end-user basis, the pharmaceutical and biotechnology companies segment held more than two-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The academic and government research institutes segment, on the other hand, would manifest fastest CAGR of 23.5% throughout the forecast period.
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Based on the region, the North American market generated almost half of the global market revenue in 2021 and is expected to retain the lion’s share by 2031. The Asia-Pacific region, simultaneously, would show the fastest CAGR 25.3% during the forecast. period. Other regions studied in the report include LAMEA and Europe.
Major market players analyzed in the Global Long Read Sequencing Market report include BaseClear BV, Grandomics, Cantata Bio, F. Hoffmann-La Roche Ltd., The Genome Transcription Facility of Bordeaux, Jiangsu Hengrui Pharmaceutical Co.Ltd. , Agilent Technologies, Inc., MicrobesNG, Novogene, Illumina, Inc. Oxford Nanopore Technologies, Pacific Biosciences Inc., St Vincent’s Hospital Australia, Takara Holdings Inc., Future Genomics Technologies, Thermo Fisher Scientific, Inc. and Element Biosciences. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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