Long Read Sequencing Market: By Technology (Single-Molecule Real- Time Sequencing, Nanopore Sequencing, Synthetic Long Read Sequencing and Others), By Product (Instruments, Consumables and Services), By Application (Whole Genome Sequencing, Epigenetics, RNA Sequencing, Complex Population, Targeted Sequencing and Others), By Workflow (Pre-Sequencing, Sequencing and Data Analysis), By End-user (Academic and Research Institutes, Clinical Laboratories, Hospitals, Pharma and Biotech Entities and Others) and Geography

Long Read Sequencing Market was valued at USD 496.3 million in 2023 and grew at 24.1% CAGR during the forecast years (2024-2030). Long Read Sequencing (LRS) refers to a category of DNA sequencing technologies that can read longer stretches of DNA in a single pass compared to traditional short-read sequencing methods. Unlike short-read sequencing, which typically reads DNA fragments of 100-300 base pairs, long-read sequencing can produce reads that span thousands to hundreds of thousands of base pairs. This capability is particularly valuable for resolving complex genomic regions, structural variations, and assembling whole genomes more accurately.

The Long Read Sequencing Market encompasses the commercial landscape surrounding technologies, tools, and services associated with long-read DNA sequencing. Long-read sequencing can provide more accurate and complete genome assemblies and useful for detecting structural variants and repetitive regions, all these factors drive the growth of the market. Ongoing improvements are likely to reduce costs and increase accessibility which is an opportunity for the Long Read Sequencing Market. However, long-read sequencing technologies tend to be more expensive compared to short-read sequencing, also these technologies require specialized equipment and expertise which can restrains the market.

Long Read Sequencing Market Key Developments:

• In 2023: Oxford Nanopore introduced improved versions of their MinION and PromethION devices, which offer enhanced accuracy and longer read lengths, further expanding the capabilities of long-read sequencing.