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What Is the Forecast for the Short Read Sequencing Market Growth in 2025?

The market size of short read sequencing has experienced swift expansion lately. The market is anticipated to rise from $6.66 billion in 2024 to $7.86 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.0%. Factors contributing to this growth during the historical period include initiatives in genomic research, greater prevalence of genetic disorders, research in the pharmaceutical and biotech sectors, diagnostic uses, and a decrease in sequencing expenses.

What Is the Forecast for the Short Read Sequencing Market Size Through 2029?

The market size for short read sequencing is projected to witness a swift expansion in the upcoming years. By 2029, it is anticipated to grow to a worth of $15.21 billion, with a compound annual growth rate (CAGR) of 17.9%. The anticipated growth within this forecast period can be credited to the progress in precision medicine, the accelerated growth in personalized genomics, broadening uses in the field of agriculture, heightened research in microbiome, and increasing demand from emerging markets. Dominant trends during this projection period consider automation and high-throughput, cloud-based solutions, incorporation of AI and machine learning, compact sequencing technologies, and synergy of long-read sequencing.

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What are the Key Market Players in Short Read Sequencing Market and How They’re Evolving?

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

What Are the Primary Growth Drivers in the Short Read Sequencing Market?

The short-read sequencing market is projected to expand due to the growing incidence of genetic disorders. These disorders, characterized by anomalies or mutations in a person’s DNA or genes, result in physical, developmental, or biochemical irregularities that can affect their overall health. Short-read sequencing plays a crucial role in genetic disorders, as it is used to scrutinize the genome and spotlight variants linked with the disease in a broad manner. As per a June 2022 report by RARE-X, an Australian patient assistance platform, a total of 10,867 rare diseases were documented, including genetic and non-genetic ailments. Hence, the burgeoning occurrence of genetic disorders is spurring the growth of the short-read sequencing market.

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What Are the Leading Segments in the Global Short Read Sequencing Industry?

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 Key Market Trends in the Short Read Sequencing Industry?

The surge in technology innovation is a leading trend attracting attention in the short-read sequencing market. The major businesses in this market place high emphasis on technological enhancements to boost their monitoring capabilities and maintain their market status. As an example, Pacific Biosciences Inc., an American company known for its superior and highly accurate sequencing technologies, introduced external beta testing of the Onso sequencing system in October 2022. This system was created with the intention of delivering accurate data at a reasonable cost. The short-read platform was designed to provide oncology researchers with sensitive and detailed results of targeted sequence analysis.

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What Is the Regional Outlook for the Short Read Sequencing Market?

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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This Report Delivers Insight On:

1. How big is the short read sequencing market, and how is it changing globally?

2. Who are the major companies in the short read sequencing market, and how are they performing?

3. What are the key opportunities and risks in the short read sequencing market right now?

4. Which products or customer segments are growing the most in the short read sequencing market?

5. What factors are helping or slowing down the growth of the short read sequencing market?

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