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How Is The Short Read Sequencing Market Expected To Grow In Terms Of Size?

The market size of short read sequencing has experienced swift growth in the last few years. Its size is projected to magnify from $6.66 billion in 2024 to $7.8 billion in 2025, which translates to a compound annual growth rate (CAGR) of 17.2%. The expansion during the historical period can be traced back to factors such as initiatives in genomic research, higher rates of genetic disorders, research in pharmaceuticals and biotech, diagnostic applications, and a reduction in sequencing costs.

In the coming years, the market size of short read sequencing is projected to experience substantial growth, expected to reach $15.06 billion in 2029 with a compounded annual growth rate (CAGR) of 17.9%. The projected growth in this period is due to advancements in precision medicine, escalating expansion in personalized genomics, wider applications in the agriculture sector, a significant increase in microbiome research, and an amplified demand in burgeoning markets. The anticipated trends during this period consist of automation of high-throughput processes, the adoption of cloud-based solutions, the introduction of AI and machine learning, the emergence of portable sequencing technologies, and synergy in long-read sequencing.

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Which Key Factors Are Fueling Growth In The Short Read Sequencing Market?

The increasing occurrence of genetic disorders is projected to drive the expansion of the short-read sequencing market. Genetic disorders are diseases triggered by abnormalities or changes in a person’s DNA or genes, resulting in physical, developmental, or biochemical disorders that can affect their health and wellness. Short-read sequencing is employed in these disorders to thoroughly study the genome and pinpoint variant associations with the diseases. For example, in June 2022, RARE-X, an Australian patient support platform, released a report stating that 10,867 rare diseases were identified, including both genetic and non-genetic conditions. Therefore, the escalating incidence of genetic disorders is stimulating the growth of the short-read sequencing market.

How Is The Short Read Sequencing Market Categorized Across Applications And Types?

The short read sequencingmarket covered in this report is segmented –

1) By Product: Instruments, Consumables, Services.

2) By Technology: Next-Generation Sequencing, Sanger Sequencing.

3) By Workflow: Pre-Sequencing, Sequencing, Data Analysis.

4) By Application: Clinical Investigation, Oncology, Reproductive Health, Consumer Genomics, Agri genomics And Forensics, HLA Typing Or Immune System Monitoring.

5) By End Users: Academic Research, Hospitals And Clinics, Clinical Research, Pharmaceutical And Biotechnology Companies.

Subsegments:

1) By Instruments: Next-Generation Sequencing (NGS) Systems, Sequencing Platforms, Library Preparation Systems

2) By Consumables: Reagents And Kits, Flow Cells, Sample Preparation Consumables

3) By Services: Sequencing Services, Data Analysis Services, Bioinformatics Services

How Are Market Trends Influencing Competition In The Short Read Sequencing Market?

The growth of technological improvements is a significant trend gaining momentum in the short-read sequencing market. Principal firms participating in this market are emphasizing tech innovations to enhance their monitoring capabilities and maintain their dominance in the sector. For example, Pacific Biosciences Inc, a leading American manufacturer of high-quality, precise sequencing technologies, initiated open beta testing of the Onso sequencing system in October 2022. The system aims to afford accuracy while being economically viable. The short-read model was fashioned to provide sensitive and specific targeted sequence analysis results for oncology researchers.

Which Firms Are Making The Biggest Impact In The Short Read Sequencing Market?

Major companies operating in the short read sequencing market include F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., GE HealthCare Technologies Inc., Cytiva Lifesciences, Eurofins Scientific SE, Agilent Technologies Inc., Beckman Coulter Inc., Illumina Inc., QIAGEN N.V., PerkinElmer Inc., BGI Genomics Co Ltd, MGI Tech Co. Ltd., GenScript Biotech Corporation., 10x Genomics Inc., Novogene Co. Ltd, Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Macrogen Inc., Genewiz Inc., Zymo Research Corporation, GenapSys Inc., Fasteris SA, Paragon Genomics Inc., Nabsys Inc., GATC Biotech AG

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Which Region Holds The Greatest Opportunity For Short Read Sequencing Market Expansion?

North America was the largest region in the Short Read Sequencing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short read sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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