Healthcare Services

Market Drivers Influencing Strategic Decisions in the Single-Molecule Real-Time Sequencing (SMRT) Industry: Rising Demand For Precision Medicine Fuels Growth In Single-Molecule Real-Time Sequencing (SMRT) Market

June 20, 2025 by Marketing Posting

Discover trends, market shifts, and competitive outlooks for the single-molecule real-time sequencing (smrt) industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Anticipated CAGR of the Single-Molecule Real-Time Sequencing (SMRT) Market, and What Factors Will Drive It?#_x000D_

The size of the single-molecule real-time sequencing (SMRT) market has been rapidly expanding in the past few years. It is projected to rise from $3.11 billion in 2024 to $3.36 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The historic period’s growth is owing to an increased incidence of genetic disorders, the identification of mutation causing diseases, comprehension of the complexities of gene regulation, and the provision for scientists to investigate new horizons in genetic and molecular biology. Additionally, there is an escalating focus on genomics research._x000D_

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Anticipated robust growth is on the horizon for the single-molecule real-time sequencing (SMRT) market in the coming years, with projections predicting it will reach $4.55 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.9%. This expected expansion during the projection period can be linked to various factors. These include increased demands for precision medicine, comprehensive research into gene regulation, vigorous investigation into genetic and molecular biology, a call for high-capacity sequencing technologies, and the heightened necessity for extensive read lengths and elevated accuracy in studying intricate genetic structures. The forecast period will also see major trends such as the market’s move into clinical diagnostics, emergence of new applications, advancements in next-generation sequencing (NGS), evolutions in data analysis facilitating better understanding and use of sequencing results, and product innovation._x000D_

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#What Are the Major Market Drivers Behind the Rising Adoption of Single-Molecule Real-Time Sequencing (SMRT) Market?#_x000D_

The surge in precision medicine needs is predicted to fuel the expansion of the single-molecule real-time sequencing market. Precision medicine is a health practice that adjusts treatment and healthcare plans to individual patients considering their genetic, lifestyle and environmental factors. The burgeoning demand for personalized medicine is propelled by improvements in genomics, facilitating more exact and customized treatments with a growing focus on personalized patient care for improved results. Single-molecule real-time sequencing significantly bolsters precision medicine by offering precise genomic and epigenetic information, which in turn facilitates improved diagnosis, individualized treatment, and enhanced patient outcomes. As per the Personalized Medicine Coalition, an organization based in the US, 12 customized medicines were sanctioned in 2022. These accounted for approximately 34% of all the newly approved treatments, marking a considerable rise compared to previous years. Thus, the growing demand for precision medicine is fostering growth in the single-molecule real-time sequencing market. An escalation in the occurrence of genetic disorders is projected to drive the enlargement of the single-molecule real-time sequencing market. Genetic disorders are health challenges triggered by irregularities in an individual’s DNA, which could either be inherited or occur through mutations, impacting physical growth, metabolism, or overall health. The rising incidence of genetic disorders is primarily inspired by increased consciousness, advancements in diagnostic technologies, and factors like environmental influences and parental age. Single-molecule real-time sequencing is employed in genetic disorders for the provision of accurate, long-read DNA sequences, enabling the detection of intricate mutations and structural variations that traditional methods could overlook. According to Gene People, a UK-based registered charity for individuals with genetic disorders, over 6,000 genetic conditions exist, with new ones being discovered every day. In the UK, genetic conditions affect 1 in 25 children, resulting in 30,000 fresh diagnoses each year and over 2.4 million individuals living with genetic conditions. Therefore, the escalating occurrence of genetic disorders is driving growth in the single-molecule real-time sequencing market._x000D_

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#Which Key Market Segments Comprise the Single-Molecule Real-Time Sequencing (SMRT) Market and Drive Its Revenue Growth?#_x000D_

The single-molecule real-time sequencing (SMRT) market covered in this report is segmented –_x000D_

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1) By Product: Consumable, Instrument, Services_x000D_

2) By Application: DNA Sequencing, RNA Sequencing, Epigenetics, Whole Genome Sequencing, Other Applications_x000D_

3) By End-Users: Hospitals, Diagnostic Laboratories, Biopharmaceutical Companies, Academic Institutes And Research Centers, Other End-Users_x000D_

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Subsegments:_x000D_

1) Consumable: Reagents, Sample Preparation Kits, Flow Cells_x000D_

2) Instrument: SMRT Sequencers, Accessories, Software_x000D_

3) Services: Data Analysis Services, Sequencing Services, Technical Support Services_x000D_

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#Which Areas Are Leading Regions in the Single-Molecule Real-Time Sequencing (SMRT) Market Expansion Across the Globe?#_x000D_

North America was the largest region in the single-molecule real-time sequencing (SMRT) market in 2024. The regions covered in the single-molecule real-time sequencing (SMRT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

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#How Is the Single-Molecule Real-Time Sequencing (SMRT) Market Conceptually Defined?#_x000D_

Single-molecule real-time (SMRT) sequencing is an advanced DNA sequencing technology that allows for the direct observation of DNA synthesis by monitoring fluorescently labeled nucleotides in real-time, enabling the production of long, continuous reads. This technology is beneficial for sequencing complex genomic regions and resolving structural variations._x000D_

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