The global market for long-read sequencing is expected to experience explosive growth, projected to reach \$4.52 billion by 2031 with an average annual growth rate of 22.3%.
The global long-read sequencing market is on the brink of a significant leap, with projected revenues expected to surge from \$738 million in 2022 to \$4.52 billion by 2031. This dynamic growth corresponds to a compound annual growth rate (CAGR) of 22.3% from 2023 to 2031, supported by increasing demand in the genomics field and technological advancements. Market Dynamics Long-read sequencing technology, capable of sequencing DNA fragments ranging from 10,000 to 100,000 base pairs, is revolutionizing the genomics industry. Unlike traditional sequencing methods that require DNA fragmentation and amplification, long-read sequencing offers a more direct approach, significantly simplifying the sequencing process and reducing the potential for errors. Impact on the Industry The rapid adoption of long-read sequencing is set to transform medical research and diagnostics. It has the potential to deepen the understanding of genetic diseases, improve the accuracy of genetic testing, and drive innovations in personalized medicine and therapeutic development. For application methods, please check the [PDF download] button or apply directly through the related links.
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Major Companies: Cantata Bio Agilent Technologies Pacific Biosciences of California Inc MicrobesNG GrandOmics Future Genomics Technologies B.V F. Hoffmann-La Roche Ltd Oxford Nanopore Technologies Limited Illumina Inc Element Bioscience Genome Transcriptome Facility of Bordeaux Thermo Fisher Scientific Inc. St Vincent's Hospital Australia BaseClear B.V. NOVOGENE Takara Bio Inc Jiangsu Hengrui Pharmaceuticals Co. Ltd
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