In-Depth Insights into the Short Read Sequencing Market: Growth, Trends, and Opportunities for 2025-2034
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What Are the Projected Expansion Rates of the Short Read Sequencing Market for the Next Decade?
The short-read sequencing market has expanded rapidly, expected to increase from $6.66 billion in 2024 to $7.86 billion in 2025 at a CAGR of 18.0%. Growth has been driven by genomic research initiatives, a rising prevalence of genetic disorders, pharmaceutical and biotech research, diagnostic applications, and declining sequencing costs.
The short-read sequencing market is set for rapid growth, reaching $15.21 billion by 2029 with a CAGR of 17.9%. This surge is driven by advancements in precision medicine, the growth of personalized genomics, expanded agricultural applications, increasing microbiome research, and rising demand in emerging markets. Market trends include automation, cloud-based sequencing solutions, AI and machine learning integration, portable sequencing technologies, and long-read sequencing synergies.
Which Primary Drivers Are Supporting the Continued Expansion of the short read sequencing Market?
The rising incidence of genetic diseases is projected to boost the short-read sequencing market’s growth in the future. Genetic diseases arise from abnormalities or mutations in an individual’s DNA or genes, resulting in physical, developmental, or biochemical abnormalities that affect health and well-being. Short-read sequencing is employed in genetic diseases to thoroughly analyze the genome and identify variants associated with diseases. For instance, in June 2022, RARE-X, an Australia-based patient support platform, published a report indicating there were 10,867 rare diseases, encompassing both genetic and non-genetic conditions. Consequently, the increasing prevalence of genetic diseases is driving the growth of the short-read sequencing market.
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Which Companies Are Redefining the Future of the Short Read Sequencing Market?
Major companies operating in the short read sequencing market include:
• F. Hoffmann-La Roche AG_x000D_
• Thermo Fisher Scientific Inc._x000D_
• GE HealthCare Technologies Inc._x000D_
• Cytiva Lifesciences_x000D_
• Eurofins Scientific SE_x000D_
What Trends Are Poised to Drive the Future Success of the Short Read Sequencing Market?
Technology advancements are driving innovation in the short-read sequencing market, with key players focusing on enhancing observational power. For instance, in October 2022, Pacific Biosciences Inc., a US-based producer of high-precision sequencing technologies, introduced external beta testing for the Onso sequencing system. This system is engineered for cost-effective, highly accurate data generation, offering sensitive and specific targeted sequence analysis for oncology research.
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Which Market Segments Are Driving Strategic Growth and Trends in the Short Read Sequencing Market?
The short read sequencing market 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
What Are the Leading Regions in the 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.
How Is the Short Read Sequencing Market Classified and Defined in Market Analysis?
Short-read sequencing, or next-generation sequencing (NGS), is a high-throughput DNA sequencing method that generates short fragments or reads of DNA sequences. It revolutionized genomics by enabling the rapid and cost-effective analysis of entire genomes and transcriptomes.
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