According to a new report published by Allied Market Research, titled, โLong Read Sequencing Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Long Read Sequencing is also referred to as third-generation sequencers, are used to directly sequence single molecules of DNA in real time. It is often carried out without the need for amplification. The method of direct sequencing allows the production of comparatively longer reads than those from Short Read Sequencing. It allows for the retrieval of longer sequence which is greater than (> 10,000 bp). Other โsyntheticโ LRS approach uses modified sample processing and SRS to allow computationally reconstruct long reads from shorter sequencing tools. Long reads can develop de novo assembly, transcript isoform identification, detection of structural variants and mapping certainty. These competences, together with continuing improvement in throughput, accuracy, and cost reduction, have made long-read sequencing an option for a broad range of applications in genomics for both model and non-model organisms.
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COVID-19 Scenario Analysis
The outbreak of the pandemic led the government around the globe to constantly focus on investing on the development of the vaccines. The Long Read Sequencing can be used to innovate the vaccines or the medication required for the COVID-19 virus. Furthermore, during this situation about 115 vaccine candidates and 155 molecules are in the Research and Development pipeline. The demand for the management of covid-19 is surging due to the global death rates getting increased from the onset of the pandemic. There has been reduction in the production of the other drugs but the medication such as Hydrocholroquine rose at a higher rate, as it can be used in the management of COVID-19. Hence, the pharmaceutical industry and biotechnology industries are anticipated to experience a significant growth in the near future.
The rise in advancements in the technology of Long Red Sequencing as a third generation sequencing and the advantage of LGS over other methods would help the market surge in the coming years. There is a steep increase in the investments carried out by the major market players for the Research and development of the LGS technology which is expected to help the market gain maximum shares. Furthermore, there is a hike in the number persons experiencing genetic disorders where the LGS technology can be used as a therapeutic measure, which is expected to boost the industry in the coming years.
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The key players profiled in this report include Oxford Nanopore Technologies Limited, Quantapore, Inc., Institute of Integrative Biology of the Cell (I2BC), MicrobesNG, Takara Bio Inc., Stratos Genomics Inc., BaseClear B.V., Future Genomics Technologies B.V., NextOmics, Genome Transcriptome Facility of Bordeaux, and Garvan Institute of Medical Research.
The major players are innovating new technologies to meet the demand posed by the market which would help the market gain greatest revenue in the forecast period. For instance, in May 2019, Longas, which is amongst the developer of the Next Generation Sequencing announced that it had launched Morphoseq. It is a technology which is designed to improvise the performance of industry-standard NGS platforms by increasing effective read lengths.
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- This study presents the analytical depiction of the global Long Red Sequencing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Long Red Sequencing market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Long Red Sequencing market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the Long Red Sequencing market.
- The report provides a detailed global Long Red Sequencing market analysis based on competitive intensity and how the competition will take shape in coming years.
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