Global Short Read Sequencing Market, By Product (Ins truments, Consumables, Services), Technology (Next- Generation Sequencing, Sanger Sequencing), Workflow (Pre- Sequencing, Sequencing, Data Analysis), Application (Oncology, Clinical Investigation, Reproductive Health, HLA Typing/Immune System Monitoring, Metagenomics, Epidemiology and Drug Development, Agrigenomics and Forensics, Consumer Genomics), End- User (Academic Research, Clinical Research, Hospitals and Clinics, Pharma and Biotech Entities, Other), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Short Read Sequencing Market
The short read sequencing market is expected to witness market growth at a rate of 11.40% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 54.90 by 2028. Data Bridge Market Research report on short read sequencing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of short read sequencing market.
The short read sequencing refers to one of the sequencing technology in which several DNA strands can be sequenced through massive parallelization. They are known for advantages such as high accuracy and speed, low cost, and precise results. It is used for executing various applications such as oncology studies, forensics, biomarker discovery, and personalized medicine, among others.
The rise in prevalence of genetic disorders across the globe acts as one of the major factors driving the growth of short read sequencing market. The increase in the demand for personalized medicine and companion diagnostics and adoption of sequencing technologies for companion diagnostics owning to the advent of targeted cancer therapeutics accelerate the market growth. The rise in use of consumables in wide array of procedures such as DNA sequencing and RNA sequencing, and high demand for short read sequencing owning to the benefits such as affordability, simultaneous detection of sequences, high accuracy, and base modifications, among others further influence the market. Additionally, increase in the population, rise in concern for genetic diseases, expansion of pharmaceutical and biotechnology companies, and improved healthcare infrastructure positively affects the short read sequencing market. Furthermore, use of advanced genetic treatments extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the machinery and difficulties with algorithm are expected to obstruct the market growth. Lack of trained professionals is projected to challenge the short read sequencing market in the forecast period of 2021-2028.
This short read sequencing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on short read sequencing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Short Read Sequencing Market Scope and Market Size
The short read sequencing market is segmented on the basis of product, technology, workflow, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the short read sequencing market is segmented into instruments, consumables, and services.
- On the basis of technology, the short read sequencing market is segmented into next- generation sequencing, and sanger sequencing.
- On the basis of workflow, the short read sequencing market is segmented into pre- sequencing, sequencing, and data analysis.
- On the basis of application, the short read sequencing market is segmented into oncology, clinical investigation, reproductive health, HLA typing/immune system monitoring, metagenomics, epidemiology and drug development, agrigenomics and forensics, and consumer genomics.
- On the basis of end-user, the short read sequencing market is segmented into academic research, clinical research, hospitals and clinics, pharma and biotech entities, and other.
Short Read Sequencing Market Country Level Analysis
The short read sequencing market is analyzed and market size insights and trends are provided by country, product, technology, workflow, application and end-user as referenced above.
The countries covered in the short read sequencing market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the short read sequencing market because of the availability of a regulatory environment supporting the development of genomics within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the changing reimbursement framework in the developing economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The short read sequencing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for short read sequencing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the short read sequencing market. The data is available for historic period 2010-2019.
Competitive Landscape and Short Read Sequencing Market Share Analysis
The short read sequencing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to short read sequencing market.
The major players covered in the short read sequencing market report are Thermo Fisher Scientific Inc, F. Hoffmann-La Roche Ltd, Illumina, Inc, GENEWIZ, GenScript., 10x Genomics., Macrogen Inc., QIAGEN, Agilent Technologies, Inc., BGI, Fasteris, General Electric, and Eurofins Scientific, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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