Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 5.42 Billion

Market Size (2029)

USD 11.78 Billion

CAGR (2024-2029)

13.89%

Fastest Growing Segment

Consumables

Largest Market

North America

Market Overview

Global Short-Read Sequencing Market was valued at USD 5.42 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 13.89% through 2029. Short read sequencing, also known as next-generation sequencing (NGS), has revolutionized genomic research and clinical diagnostics due to its high throughput, speed, and cost-effectiveness. This market encompasses a wide array of technologies, platforms, and services aimed at deciphering DNA and RNA sequences quickly and accurately. Key players in this market include Illumina, Thermo Fisher Scientific, Oxford Nanopore Technologies, and Pacific Biosciences, among others, each offering innovative sequencing solutions tailored to various research and clinical applications. The market is primarily driven by the increasing demand for personalized medicine, advancements in genomic research, and the rising prevalence of genetic disorders and cancers worldwide. Short read sequencing finds extensive applications in fields such as oncology, infectious diseases, reproductive health, agriculture, and forensics, driving its adoption across academic research institutions, pharmaceutical companies, clinical laboratories, and biotechnology firms.

Technological advancements such as improved sequencing chemistries, enhanced bioinformatics tools, and the development of portable and benchtop sequencers are further fueling market growth, enabling broader accessibility and scalability of sequencing solutions. However, challenges such as data analysis complexities, standardization of protocols, and ethical considerations surrounding genomic data privacy and consent remain significant hurdles in the widespread adoption of short read sequencing technologies. Nonetheless, collaborations between industry players, academic institutions, and regulatory bodies are fostering innovation and addressing these challenges, thereby propelling the growth of the global short read sequencing market.

Key Market Drivers

Advancements in Genomic Research

Advancements in genomic research have been instrumental in driving the growth of the Global Short Read Sequencing Market. The field of genomics has undergone a remarkable transformation in recent years, fueled by technological innovations and a deeper understanding of the genetic basis of diseases. Short read sequencing, also known as next-generation sequencing (NGS), lies at the forefront of this revolution, offering unprecedented capabilities for deciphering DNA and RNA sequences with high throughput and accuracy.

One of the keyways in which advancements in genomic research boost the short read sequencing market is by increasing the demand for sequencing technologies. As researchers delve deeper into the complexities of the human genome and its role in health and disease, there is a growing need for high-throughput sequencing platforms that can efficiently analyze large volumes of genetic data. Short read sequencing technologies fulfill this need by providing rapid and cost-effective solutions for genome-wide analysis, enabling researchers to explore diverse research questions and hypotheses.

Advancements in genomic research have led to the identification of novel genetic markers, biomarkers, and therapeutic targets, further driving the adoption of short read sequencing technologies. By sequencing the genomes of individuals with different diseases or phenotypes, researchers can pinpoint genetic variations associated with specific traits or conditions. This information is invaluable for understanding disease mechanisms, identifying potential drug targets, and developing personalized treatment strategies. As the demand for precision medicine continues to grow, so does the demand for short read sequencing technologies that can facilitate genomic profiling and molecular diagnostics.

Advancements in genomic research are driving innovation in sequencing technologies themselves. Researchers and industry players are constantly pushing the boundaries of sequencing technology, developing new chemistries, instrumentation, and bioinformatics tools to enhance sequencing performance and capabilities. These innovations not only improve the accuracy and efficiency of short read sequencing but also reduce costs and increase accessibility, making sequencing technologies more widely available to researchers and clinicians around the world.

Rising Prevalence of Genetic Disorders and Cancers

The rising prevalence of genetic disorders and cancers worldwide is significantly boosting the Global Short Read Sequencing Market. Genetic disorders, characterized by abnormalities in an individual's DNA, encompass a wide range of conditions, including rare genetic diseases, hereditary disorders, and chromosomal abnormalities. Similarly, cancer, a complex genetic disease characterized by uncontrolled cell growth, is a leading cause of morbidity and mortality globally. As the incidence of genetic disorders and cancers continues to rise, there is an increasing demand for accurate and comprehensive genomic analysis, driving the adoption of short read sequencing technologies.

Short read sequencing plays a critical role in the diagnosis, prognosis, and treatment of genetic disorders and cancers by enabling high-throughput analysis of DNA and RNA sequences. By sequencing the genomes or transcriptomes of patients, researchers and clinicians can identify genetic mutations, structural variants, and gene expression patterns associated with specific diseases or cancer subtypes. This information is invaluable for understanding disease mechanisms, predicting disease progression, and guiding personalized treatment strategies tailored to individual patients.

Short read sequencing technologies facilitate the identification of actionable mutations and therapeutic targets, paving the way for precision medicine approaches in the management of genetic disorders and cancers. By matching patients with targeted therapies or clinical trials based on their genomic profiles, short read sequencing technologies can improve treatment outcomes and reduce adverse effects. Sequencing technologies enable the monitoring of disease progression and treatment response over time, allowing clinicians to adjust treatment regimens as needed.

The rising prevalence of genetic disorders and cancers also underscores the importance of early detection and prevention strategies, further driving the demand for short read sequencing technologies. By screening individuals for genetic predispositions or risk factors associated with certain diseases, sequencing technologies can identify at-risk populations and facilitate early intervention or preventive measures. For example, carrier screening using short read sequencing can identify individuals at risk of passing on genetic disorders to their offspring, enabling informed reproductive decisions.

Technological Advancements in Sequencing Platforms

Technological advancements in sequencing platforms are playing a pivotal role in boosting the Global Short Read Sequencing Market. Short read sequencing, also known as next-generation sequencing (NGS), has undergone rapid evolution, driven by innovations in instrumentation, chemistry, and data analysis pipelines. These advancements have not only improved the performance and capabilities of sequencing platforms but also enhanced their accessibility, affordability, and usability, thereby fueling market growth.

One of the key technological advancements driving the global short read sequencing market is the development of novel sequencing chemistries and platforms. Companies are continuously innovating to improve sequencing accuracy, read lengths, and throughput, enabling researchers to generate higher-quality genomic data at faster speeds and lower costs. For example, advancements in nanopore sequencing technology have revolutionized the field by enabling real-time, single-molecule sequencing with minimal sample preparation requirements. Similarly, improvements in sequencing-by-synthesis techniques have led to the development of high-throughput sequencing platforms capable of generating billions of reads in a single run.

Advancements in instrument throughput have significantly increased the scalability and efficiency of short read sequencing technologies. Modern sequencing platforms can process multiple samples simultaneously, allowing researchers to analyze large cohorts or conduct high-throughput screening experiments with ease. This scalability is particularly beneficial for large-scale genomic studies, population genetics research, and clinical diagnostics, where the ability to process large volumes of samples quickly is essential.

In addition to improvements in sequencing chemistry and instrumentation, advancements in bioinformatics tools and data analysis pipelines are driving market growth by facilitating the interpretation and utilization of genomic data generated by short read sequencing platforms. As the volume and complexity of genomic data continue to increase, there is a growing need for sophisticated bioinformatics solutions that can handle large datasets, identify genetic variants, and extract meaningful insights. Companies are developing user-friendly bioinformatics platforms and software packages that enable researchers and clinicians to analyze, annotate, and interpret genomic data efficiently, thereby accelerating scientific discovery and clinical decision-making.


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Key Market Challenges

Data Analysis Complexities

One of the primary challenges hindering the Global Short Read Sequencing Market is the complexity of data analysis. Generating large volumes of genomic data is only the first step; analyzing and interpreting this data present significant challenges. Short read sequencing produces vast amounts of raw sequencing data, which must be processed, aligned, and analyzed using sophisticated bioinformatics tools and algorithms. The complexity of genomic data, including repetitive sequences, structural variations, and sequencing errors, complicates data analysis and interpretation, requiring advanced computational techniques and expertise. Addressing this challenge requires ongoing investment in bioinformatics research and the development of user-friendly analysis tools to streamline data processing and enhance the accuracy and efficiency of genomic analysis.

Standardization of Protocols

Another key challenge facing the Global Short Read Sequencing Market is the lack of standardization of protocols and workflows. Different sequencing platforms, library preparation methods, and data analysis pipelines may produce varying results, making it difficult to compare data across studies or laboratories. Standardizing protocols for sample preparation, sequencing, and data analysis is essential to ensure reproducibility, reliability, and comparability of genomic data. Collaborative efforts between industry stakeholders, regulatory agencies, and research communities are needed to establish standardized protocols, guidelines, and quality control measures for short read sequencing technologies. Initiatives such as proficiency testing and external quality assessment programs can help validate sequencing protocols and ensure consistent performance across different platforms and laboratories.

Ethical Considerations and Data Privacy

Ethical considerations surrounding genomic data privacy and consent present significant challenges for the Global Short Read Sequencing Market. Genomic data contain sensitive information about individuals' genetic makeup, predispositions to diseases, and familial relationships, raising concerns about data privacy, security, and potential misuse. Ensuring informed consent, protecting patient confidentiality, and safeguarding genomic data from unauthorized access or disclosure are paramount. Regulatory frameworks and guidelines governing the collection, storage, and sharing of genomic data, such as the General Data Protection Regulation (GDPR) in Europe and the Health Insurance Portability and Accountability Act (HIPAA) in the United States, must be adhered to. Transparency in data handling practices, robust data encryption methods, and secure data storage infrastructure are essential to address ethical concerns and build trust among patients, researchers, and stakeholders in the short read sequencing market.

Key Market Trends

Advancements in Oncology Research

Advancements in oncology research are playing a significant role in boosting the Global Short Read Sequencing Market. Cancer, a complex genetic disease, presents unique challenges in diagnosis, treatment, and patient management. However, recent breakthroughs in oncology research, coupled with advancements in short read sequencing technologies, have revolutionized our understanding of cancer biology and treatment strategies. Short read sequencing technologies, also known as next-generation sequencing (NGS), have emerged as indispensable tools in oncology research. These platforms enable comprehensive genomic profiling of tumors, providing researchers and clinicians with valuable insights into the genetic alterations driving cancer initiation, progression, and treatment resistance. By sequencing the genomes of cancer cells, short read sequencing technologies can identify somatic mutations, copy number variations, and gene expression patterns associated with specific cancer types or subtypes.

One of the key ways in which advancements in oncology research are boosting the Global Short Read Sequencing Market is through the discovery of novel therapeutic targets. Genomic profiling of tumors using short read sequencing technologies has led to the identification of actionable mutations and molecular pathways that can be targeted with precision therapies. For example, the discovery of oncogenic driver mutations such as EGFR in non-small cell lung cancer (NSCLC) has paved the way for the development of targeted therapies such as tyrosine kinase inhibitors (TKIs), which have significantly improved outcomes for patients with EGFR-mutant NSCLC.

Advancements in oncology research are driving the adoption of short read sequencing technologies in clinical diagnostics. Genomic profiling of tumors using short read sequencing can inform precision oncology approaches, enabling clinicians to tailor treatment regimens to individual patients based on their genomic profile. As precision medicine continues to gain traction in oncology, the demand for short read sequencing technologies in clinical diagnostics is expected to escalate, driving market growth and innovation.

Expansion of Applications in Non-Clinical Sectors

The Global Short Read Sequencing Market is witnessing a significant boost due to the expansion of applications in non-clinical sectors. While short read sequencing technologies have traditionally been associated with genomic research and clinical diagnostics, their versatility and scalability have opened up new opportunities in non-clinical fields such as agriculture, forensics, and environmental monitoring. In agriculture, short read sequencing is revolutionizing crop improvement, livestock breeding, and food safety testing. By sequencing the genomes of plants and animals, researchers can identify genetic variations associated with desirable traits such as yield, disease resistance, and nutritional content. This information is invaluable for breeding programs aimed at developing improved crop varieties and livestock breeds. Short read sequencing technologies enable rapid and accurate detection of pathogens and contaminants in food products, ensuring food safety and quality control.

In the field of forensics, short read sequencing is being used for DNA profiling and identification purposes. Short read sequencing technologies can analyze minute amounts of DNA from forensic samples such as hair, blood, or saliva, providing valuable genetic information for criminal investigations and identification of individuals. Short read sequencing enables the analysis of complex DNA mixtures and degraded samples, enhancing the accuracy and reliability of forensic analysis.

Short read sequencing technologies are increasingly being applied in environmental monitoring and biodiversity conservation efforts. By sequencing environmental DNA (eDNA) from soil, water, or air samples, researchers can assess biodiversity, monitor ecosystem health, and detect invasive species or pathogens. Short read sequencing enables high-throughput analysis of eDNA samples, providing insights into microbial communities, species composition, and ecological interactions. This information is essential for conservation efforts, habitat restoration, and management of natural resources. The expansion of applications in non-clinical sectors is driving the demand for short read sequencing technologies and fueling market growth. As the versatility and scalability of short read sequencing platforms continue to improve, the adoption of these technologies in agriculture, forensics, and environmental monitoring is expected to accelerate further.

Segmental Insights

Product Insights

Based on the Product, the Consumables segment emerged as the dominant segment in the Global Short-Read Sequencing market in 2023. Consumables such as reagents, kits, and cartridges are essential components required for conducting short-read sequencing experiments. These consumables are consumed in large quantities during sample preparation, library construction, and sequencing reactions, making them indispensable for researchers and laboratories performing genomic analysis. The increasing adoption of short-read sequencing technologies across various applications, including genomics research, clinical diagnostics, and non-clinical sectors, has fueled the demand for consumables.

Application Insights

In 2023, the targeted sequencing and resequencing segment asserted its dominance within the Global Short-Read Sequencing market. This segment's ascendancy can be attributed to its unparalleled ability to decipher genetic variations, mutations, and biomarkers linked to particular diseases or conditions. Targeted sequencing represents a transformative approach in genomic analysis, facilitating precision medicine initiatives by furnishing clinicians with invaluable insights into patients' genomic profiles. By unraveling the intricacies of genetic makeup, targeted sequencing empowers healthcare professionals to craft personalized treatment regimens tailored to the unique genetic predispositions and characteristics of individual patients.

The burgeoning adoption of precision medicine across diverse therapeutic domains, ranging from oncology and rare diseases to pharmacogenomics, underscores the escalating demand for targeted sequencing and resequencing technologies. In oncology, for instance, targeted sequencing plays a pivotal role in elucidating the genetic underpinnings of tumors, thereby informing the selection of targeted therapies and immunotherapies with enhanced efficacy and safety profiles. Similarly, in the realm of rare diseases, targeted sequencing serves as a beacon of hope for patients grappling with elusive genetic disorders, enabling accurate diagnosis, prognostication, and therapeutic intervention. The advent of pharmacogenomics has propelled the integration of targeted sequencing into clinical practice, revolutionizing drug discovery, development, and prescription.

    

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Regional Insights

North America emerged as the dominant player in the Global Short-Read Sequencing Market in 2023, holding the largest market share. North America boasts a robust infrastructure for genomics research and development, with a concentration of leading academic institutions, research centers, and biotechnology companies driving innovation in the field of short-read sequencing. The region is home to prominent sequencing technology providers such as Illumina, Thermo Fisher Scientific, and Pacific Biosciences, who continue to spearhead advancements in sequencing platforms and applications. Also favorable government initiatives and funding support for genomics research and precision medicine initiatives have contributed to the dominance of North America in the global short-read sequencing market.

Recent Developments

  • In March 2023, QIAGEN N.V. unveiled the launch of the QIAseq Platform Partnership program, marking the initiation of its inaugural collaboration with medical data-analysis provider SOPHiA GENETICS. The primary objective of this collaboration is to integrate QIAGEN's QIAseq reagent technology for next-generation sequencing (NGS) with SOPHiA GENETICS' innovative SOPHiA DDMTM digital analytics platform.

Key Market Players

  • Illumina, Inc.
  • Invitae Corporation
  • Thermo Fisher Scientific, Inc.
  • Pacific Biosciences of California, Inc.
  • BGI Genomics Co., Ltd
  • QIAGEN NV
  • Agilent Technologies, Inc.
  • Azenta US, Inc.
  • PerkinElmer, Inc.
  • ProPhase Labs, Inc. 

By Product

By End-User

By Application

By Region

  • Instruments
  • Consumables
  • Services
  • Academic & Research Institutes
  • Hospitals & Clinics
  • Pharmaceutical & Biotechnology Companies
  • Others
  • Whole Genome Sequencing
  • Whole Exome Sequencing
  • Targeted Sequencing & Resequencing
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Short-Read Sequencing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Short-Read Sequencing Market, By Product:

o   Instruments

o   Consumables

o   Services

  • Short-Read Sequencing Market, By Application:

o   Whole Genome Sequencing

o   Whole Exome Sequencing

o   Targeted Sequencing & Resequencing

o   Others

  • Short-Read Sequencing Market, By End-User:

o   Academic & Research Institutes

o   Hospitals & Clinics

o   Pharmaceutical & Biotechnology Companies

o   Others

  • Short-Read Sequencing Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Short-Read Sequencing Market.

Available Customizations:

Global Short-Read Sequencing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Short-Read Sequencing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Short-Read Sequencing Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Product (Instruments, Consumables, Services)

4.2.2.    By Application (Whole Genome Sequencing, Whole Exome Sequencing, Targeted Sequencing & Resequencing, Others)

4.2.3.    By End User (Academic & Research Institutes, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Others)

4.2.4.    By Region

4.2.5.    By Company (2023)

4.3.  Market Map

5.    Asia Pacific Short-Read Sequencing Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product   

5.2.2.    By Application

5.2.3.    By End User

5.2.4.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Short-Read Sequencing Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.            By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.            By Product   

5.3.1.2.2.            By Application

5.3.1.2.3.            By End User

5.3.2.    India Short-Read Sequencing Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.            By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.            By Product   

5.3.2.2.2.            By Application

5.3.2.2.3.            By End User

5.3.3.    Australia Short-Read Sequencing Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.            By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.            By Product   

5.3.3.2.2.            By Application

5.3.3.2.3.            By End User

5.3.4.    Japan Short-Read Sequencing Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.            By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.            By Product   

5.3.4.2.2.            By Application

5.3.4.2.3.            By End User

5.3.5.    South Korea Short-Read Sequencing Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.            By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.            By Product   

5.3.5.2.2.            By Application

5.3.5.2.3.            By End User

6.    Europe Short-Read Sequencing Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product   

6.2.2.    By Application

6.2.3.    By End User

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Short-Read Sequencing Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Product   

6.3.1.2.2.            By Application

6.3.1.2.3.            By End User

6.3.2.    Germany Short-Read Sequencing Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Product   

6.3.2.2.2.            By Application

6.3.2.2.3.            By End User

6.3.3.    Spain Short-Read Sequencing Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Product   

6.3.3.2.2.            By Application

6.3.3.2.3.            By End User

6.3.4.    Italy Short-Read Sequencing Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.            By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.            By Product   

6.3.4.2.2.            By Application

6.3.4.2.3.            By End User

6.3.5.    United Kingdom Short-Read Sequencing Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.            By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.            By Product   

6.3.5.2.2.            By Application

6.3.5.2.3.            By End User

7.    North America Short-Read Sequencing Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product   

7.2.2.    By Application

7.2.3.    By End User

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Short-Read Sequencing Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Product   

7.3.1.2.2.            By Application

7.3.1.2.3.            By End User

7.3.2.    Mexico Short-Read Sequencing Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Product   

7.3.2.2.2.            By Application

7.3.2.2.3.            By End User

7.3.3.    Canada Short-Read Sequencing Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Product   

7.3.3.2.2.            By Product Type

7.3.3.2.3.            By End User

8.    South America Short-Read Sequencing Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product   

8.2.2.    By Application

8.2.3.    By End User

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Short-Read Sequencing Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Product   

8.3.1.2.2.            By Application

8.3.1.2.3.            By End User

8.3.2.    Argentina Short-Read Sequencing Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Product   

8.3.2.2.2.            By Application

8.3.2.2.3.            By End User

8.3.3.    Colombia Short-Read Sequencing Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Product   

8.3.3.2.2.            By Application

8.3.3.2.3.            By End User

9.    Middle East and Africa Short-Read Sequencing Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product   

9.2.2.    By Application

9.2.3.    By End User

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Short-Read Sequencing Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Product   

9.3.1.2.2.            By Application

9.3.1.2.3.            By End User

9.3.2.    Saudi Arabia Short-Read Sequencing Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Product   

9.3.2.2.2.            By Application

9.3.2.2.3.            By End User

9.3.3.    UAE Short-Read Sequencing Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Product   

9.3.3.2.2.            By Application

9.3.3.2.3.            By End User

10.  Market Dynamics

10.1.            Drivers

10.2.            Challenges

11.  Market Trends & Developments

11.1.            Recent Developments

11.2.            Product Launches

11.3.            Mergers & Acquisitions

12.  Global Short-Read Sequencing Market: SWOT Analysis

13.  Porter’s Five Forces Analysis

13.1.            Competition in the Industry

13.2.            Potential of New Entrants

13.3.            Power of Suppliers

13.4.            Power of Customers

13.5.            Threat of Substitute Product

14.  Competitive Landscape

14.1.            Illumina, Inc.

14.1.1. Business Overview

14.1.2. Company Snapshot

14.1.3. Products & Services

14.1.4. Financials (As Reported)

14.1.5. Recent Developments

14.1.6. Key Personnel Details

14.1.7. SWOT Analysis

14.2.            Invitae Corporation

14.3.            Thermo Fisher Scientific, Inc.

14.4.            Pacific Biosciences of California, Inc.

14.5.            BGI Genomics Co., Ltd

14.6.            QIAGEN NV

14.7.            Agilent Technologies, Inc.

14.8.            Azenta US, Inc.

14.9.            PerkinElmer, Inc.

14.10.         ProPhase Labs, Inc.

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Short-Read Sequencing Market was estimated to USD 5.42 Billion in 2023.

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Illumina, Inc., Invitae Corporation, Thermo Fisher Scientific, Inc., Pacific Biosciences of California, Inc., BGI Genomics Co., Ltd, QIAGEN NV, Agilent Technologies, Inc., Azenta US, Inc., PerkinElmer, Inc., ProPhase Labs, Inc. , etc. are some of the key players operating in the Global Short-Read Sequencing Market.

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Data analysis complexities, standardization of protocols, ethical considerations, and addressing data privacy concerns signify a major challenge for the Global Short-Read Sequencing Market.

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Advancements in genomic research, rising demand for personalized medicine, increasing prevalence of genetic disorders and cancers are major factors boosting the Global Short-Read Sequencing Market.

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Sakshi Bajaal

Business Consultant
Press Release

Short-Read Sequencing Market to Grow with a CAGR of 13.89% through 2029

May, 2024

Rising prevalence of genetic disorders and cancers is expected to drive the Global Short-Read Sequencing Market growth in the forecast period, 2025-2029.