Long Read Sequencing Market Size, Share & Growth

Long Read Sequencing Market Report by Technology (Single-Molecule Real-Time Sequencing (SMRT), Nanopore Sequencing), Product (Instruments, Consumables, and Others), Application (Whole Genome Sequencing, Epigenetics, RNA Sequencing, Targeted Sequencing, and Others), End Use (Academic and Research Institutes, Hospitals and Clinics, Pharma and Biotech Companies, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A3408

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Market Overview:

The global long read sequencing market size reached USD 672.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 12,294.7 Million by 2033, exhibiting a growth rate (CAGR) of 34.7% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 672.9 Million
Market Forecast in 2033	USD 12,294.7 Million
Market Growth Rate (2025-2033)	34.7%

Long read sequencing (LRS) improves de novo assembly, mapping certainty, transcript isoform identification, and detection of structural variants. It also eliminates amplification bias while preserving base modifications. On account of these capabilities, LRS finds a broad range of applications in genomics for both model and non-model organisms. Moreover, compared to the next-generation sequencing (NGS) approach, LRS technology produces high-quality genome assemblies, captures clinically relevant genomic elements, and offers improvements in the characterization of genetic variation and regions.

The rising number of individuals suffering from genetic disorders, along with the increasing acceptance of modern approaches for medical diagnostics, represents one of the key factors bolstering the market growth. The escalating demand for LRS technology can also be attributed to its portability and real-time speed. It is also used to produce an accurate reference map of the centromere of the chromosomes. Apart from this, various biotech companies are developing innovative technologies that combine a new library prep method and genome analysis tools. In line with this, several studies indicate that LRS technology plays a crucial role in discovering novel pathogenic mutations in human diseases with unknown genetic causes. This presents numerous opportunities to researchers for using the technology in whole-genome sequencing (WGS) and enabling advancements in medical genetics. Furthermore, the rising utilization of sequence analysis methodologies in medical institutes for academic purposes, in confluence with the increasing investments in research and development (R&D) activities, is anticipated to drive the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global long read sequencing market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on technology, product, application and end use.

Breakup by Technology:

Single-Molecule Real-Time Sequencing (SMRT)
Nanopore Sequencing

Breakup by Product:

Instruments
Consumables
Others

Breakup by Application:

Whole Genome Sequencing
Epigenetics
RNA Sequencing
Targeted Sequencing
Others

Breakup by End Use:

Academic and Research Institutes
Hospitals and Clinics
Pharma and Biotech Companies
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BaseClear B.V., Future Genomics Technologies B.V., Genexa AG, MicrobesNG, Oxford Nanopore Technologies Limited, Pacific Biosciences of California Inc., Promega Corporation, Quantapore Inc., Roche Sequencing (F. Hoffmann-La Roche AG), Takara Bio Inc. and Thermo Fisher Scientific Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Technology, Product, Application, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	BaseClear B.V., Future Genomics Technologies B.V., Genexa AG, MicrobesNG, Oxford Nanopore Technologies Limited, Pacific Biosciences of California Inc., Promega Corporation, Quantapore Inc., Roche Sequencing (F. Hoffmann-La Roche AG), Takara Bio Inc. and Thermo Fisher Scientific Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global long read sequencing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global long read sequencing market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global long read sequencing market and who are the key players?
What is the degree of competition in the industry?

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