Global Long Read Sequencing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Technology;
Single-Molecule Real-Time Sequencing (SMRT) and Nanopore SequencingBy Offerings;
Consumables, Instruments, and ServicesBy Workflow;
Pre-Sequencing, Sequencing, and Data AnalysisBy End-Use;
Academic Research, Clinical Research, Hospitals & Clinics, Pharma & Biotech Entities, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Long Read Sequencing Market Overview
Long Read Sequencing Market (USD Million)
Long Read Sequencing Market was valued at USD 2,092.54 million In the year 2024. The size of this market is expected to increase to USD 9,117.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 23.4%.
Global Long Read Sequencing Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 23.4 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 23.4 % |
Market Size (2024) | USD 2,092.54 Million |
Market Size (2031) | USD 9,117.59 Million |
Market Concentration | Low |
Report Pages | 337 |
Major Players
- Qiagen N.V.
- Roche Sequencing Solutions
- 10x Genomics, Inc.
- Thermo Fisher Scientific Inc.
- GenapSys, Inc.
- Longas Technologies GmbH
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Long Read Sequencing Market
Fragmented - Highly competitive market without dominant players
The Long Read Sequencing Market is growing steadily as it enables detailed analysis of structurally complex and repetitive genomic regions. Its ability to process DNA fragments spanning tens of kilobases allows for accurate detection of structural variations, which is crucial in various research and clinical applications. This has made it a key tool in areas such as rare genetic disorders, cancer genomics, and microbial community profiling, boosting its appeal across the life sciences landscape.
Precision Medicine Driving Adoption
The shift toward personalized treatment strategies is a major factor fueling market growth. Long read sequencing supports high-resolution genome analysis, enabling more than 40% of research teams to improve target identification in precision medicine. Its expanding role in diagnosing inherited and somatic conditions further underlines its importance in clinical research and therapeutic development.
Technology Enhancements Supporting Accuracy
Recent improvements in long read sequencing technology have lowered error margins and increased output efficiency. Developments in nanopore-based and single-molecule platforms have led to a 35% boost in sequencing accuracy, allowing more widespread use in genomics labs and research facilities. These advancements have also helped reduce turnaround time and broaden application areas beyond traditional sequencing needs.
Funding Surge and Research Expansion
Increased backing from public and private sectors has played a pivotal role in market expansion. Genomics funding has risen by over 30%, powering large-scale initiatives in epigenomics, pathogen surveillance, and population genetics. This investment supports deeper exploration of biological mechanisms and facilitates greater integration of long read platforms in multi-omic studies.
Cost Barriers and Data Complexity Remain
Despite strong momentum, the market still faces hurdles in terms of high operational costs and data processing complexities. Long-read technologies can generate up to 50% more data than conventional sequencing methods, requiring substantial computational infrastructure. These challenges limit adoption in budget-sensitive environments, although ongoing innovation is gradually addressing affordability and scalability concerns.
Long Read Sequencing Market Recent Developments
-
In May 2024, Oxford Nanopore Technologies joined forces with Twist Bioscience to launch a new Pharmacogenomics Beta Programme, tailored for research applications. This innovative solution leverages long-read sequencing technology to streamline the entire process—from sample collection to star allele calling—ensuring accurate and interpretable genetic insights. Designed with an end-to-end workflow, the program aims to simplify complex pharmacogenomic analysis and accelerate discoveries in personalized medicine and genetic research.
-
In September 2023, PacBio partnered with Hamilton, Integra, Revvity, and Tecan to develop automated sample preparation protocols tailored for use with the Revio, Sequel II, and Sequel IIe sequencing systems. This collaboration is aimed at enhancing workflow efficiency, reducing manual intervention, and accelerating high-throughput genomic research.
Long Read Sequencing Market Segment Analysis
In this report, the Long Read Sequencing Market has been segmented by Technology, Offerings, Workflow, End-Use and Geography.
Long Read Sequencing Market, Segmentation by Technology
The Long Read Sequencing Market has been segmented by Technology into Single-Molecule Real-Time Sequencing (SMRT) and Nanopore Sequencing.
Single-Molecule Real-Time Sequencing (SMRT)
Single-Molecule Real-Time (SMRT) sequencing, pioneered by Pacific Biosciences, is a leading long-read sequencing technology known for its exceptional accuracy. This innovative method captures real-time DNA synthesis, offering longer reads than traditional sequencing tools. Widely adopted in genomic research and structural variation analysis, SMRT currently dominates the long-read sequencing market with a 55-60% share. Its precision and reliability make it the preferred choice for complex genetic studies.
Nanopore Sequencing
Nanopore sequencing, introduced by Oxford Nanopore Technologies, is transforming the sequencing landscape with its real-time, portable capabilities. By reading DNA strands through a nanopore and analyzing electrical signals, it provides ultra-long reads and flexible deployment. With a growing presence in clinical diagnostics and field research, this technology now captures approximately 40-45% share of the global long-read sequencing segment. Its ease of use and expanding applications are key factors in its rapid market growth.
Long Read Sequencing Market, Segmentation by Offerings
The Long Read Sequencing Market has been segmented by Offerings into Consumables, Instruments, and Services.
Consumables
Consumables make up the largest portion of the long read sequencing market in terms of offerings. These include essential supplies like reagents, chips, and flow cells that are used with every sequencing run. Owing to their repeat purchase nature and critical role in sequencing workflows, consumables dominate the market with a share of approximately 65-70%. As long read sequencing becomes more common in research and diagnostics, the demand for consumables continues to rise, making this segment the primary driver of revenue.
Instruments
The instruments category encompasses the sequencing machines and associated devices that perform long-read DNA analysis. Though these are capital-intensive, they are crucial for laboratories and research institutions adopting long-read sequencing platforms. Instruments represent around 20-25% of the market. As innovations lead to smaller, faster, and more user-friendly systems, this segment is anticipated to maintain stable growth and contribute to wider adoption of the technology.
Services
Services in the long-read sequencing space include outsourced sequencing, data analysis, and platform support. Many organizations opt for service-based models to avoid infrastructure costs and complexity. Holding approximately 10-15% of the market, this segment is expanding rapidly. The availability of cloud-based analytics and comprehensive genomic solutions is helping services grow as a preferred choice for various end-users, especially those lacking in-house expertise.
Long Read Sequencing Market, Segmentation by Workflow
The Long Read Sequencing Market has been segmented by Workflow into Pre-Sequencing, Sequencing and Data Analysis.
Pre-Sequencing
Pre-sequencing covers the essential preparatory steps needed before actual sequencing begins. This includes DNA extraction, sample purification, fragmentation, and library preparation. Ensuring sample quality at this stage is crucial for generating accurate sequencing results. The pre-sequencing phase contributes to roughly 30-35% of the long read sequencing market by workflow. As high-throughput sequencing becomes more common, the demand for efficient and standardized sample prep workflows continues to increase.
Sequencing
Sequencing is the most critical and expansive phase in the workflow, where DNA strands are decoded into digital data. It dominates the workflow segmentation with an estimated 45-50% share. Technological advancements in platforms like SMRT and nanopore sequencing have dramatically enhanced data accuracy and read lengths. The sequencing segment continues to grow, driven by applications in clinical diagnostics, genomic research, and biopharmaceutical development.
Data Analysis
Data analysis involves converting raw sequencing reads into actionable genomic insights. This step includes alignment, variant detection, and genome annotation, often supported by advanced bioinformatics software. Representing around 15-20% of the market, this segment is expanding steadily. The increasing complexity of genomic datasets and the need for rapid interpretation are fueling investments in AI-powered data analysis and cloud-based genomics platforms.
Long Read Sequencing Market, Segmentation by End-Use
The Long Read Sequencing Market has been segmented by End-Use into Academic Research, Clinical Research, Hospitals & Clinics, Pharma & Biotech Entities and Other End Users.
Academic Research
Academic institutions lead the long read sequencing market by end-use. These centers of learning and innovation utilize long read technologies for a wide range of research purposes including genome mapping, evolutionary biology, and structural variation studies. This segment holds a dominant 35-40% market share. Strong institutional funding, global research collaborations, and increasing publication output continue to drive growth in this area.
Clinical Research
Clinical research organizations are rapidly integrating long read sequencing into their study protocols to enhance understanding of genetic disorders and improve precision medicine initiatives. Contributing to 20-25% of the market, this segment is benefiting from a surge in clinical trials and an increasing need for accurate variant detection. The precision and depth of long read data offer a competitive edge in translational research.
Hospitals & Clinics
Hospitals and clinics are emerging users of long read sequencing, particularly in diagnostics, cancer genomics, and infectious disease analysis. Currently accounting for 10-15% of the market, this segment is growing as sequencing becomes more affordable and accessible. The shift towards personalized healthcare and the need for faster, more accurate diagnostics are key enablers for adoption in clinical settings.
Pharma & Biotech Entities and Other End Users
Pharmaceutical companies and biotech firms utilize long read sequencing for drug discovery, biomarker development, and genomic profiling. Together with other users such as contract research organizations (CROs) and government health bodies, this segment holds around 20-25% of the market. As the demand for data-driven R&D intensifies, long read sequencing is becoming essential across the biopharma value chain.
Long Read Sequencing Market, Segmentation by Geography
In this report, the Long Read Sequencing Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Long Read Sequencing Market Share (%), by Geographical Region, 2024
North America
North America dominates the long read sequencing market, holding an estimated 40-45% share. This leadership is supported by robust healthcare infrastructure, widespread adoption of advanced sequencing technologies, and the presence of key industry players. Ongoing research in genomic medicine and strong government and private sector funding are key contributors to sustained market growth in this region.
Europe
Europe contributes approximately 25-30% to the long read sequencing market. The region benefits from a strong focus on genomic innovation, extensive government-led research initiatives, and increasing integration of personalized medicine. Leading countries like Germany, the UK, and France continue to invest in advanced sequencing tools to support both research and clinical genomics applications.
Asia Pacific
Asia Pacific is emerging as the fastest-growing region, with a market share of about 15-20%. Rapid improvements in healthcare systems, rising biotech investments, and increasing demand for precision diagnostics are propelling growth. Nations such as China, Japan, and India are making significant strides in adopting long read sequencing due to growing research activities and favorable policy frameworks.
Middle East & Africa and Latin America
Middle East & Africa and Latin America are developing markets in the long read sequencing space, currently accounting for 5-10% of the total share. Progress in these regions is supported by healthcare modernization efforts, international collaborations, and increasing access to genomic tools. However, limited infrastructure and funding challenges continue to hinder rapid growth.
Long Read Sequencing Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Long Read Sequencing Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Advancements in Genomic Research
- Increasing Demand for Comprehensive Genomic Analysis
- Expanding Applications Across Various Fields
- Declining Costs of Long Read Sequencing Technologies
-
Introduction of High-Throughput Platforms - The emergence of high-throughput platforms is playing a pivotal role in accelerating the growth of the long read sequencing market by enabling faster and more efficient generation of extensive genomic data. These platforms are designed to handle large sample volumes while maintaining long read lengths, which is essential for comprehensive analyses such as genome assembly, detection of structural variants, and haplotype resolution. Unlike short-read technologies, high-throughput long-read systems offer superior accuracy and coverage, which are crucial for resolving complex genomic regions.
Their ability to deliver rapid, scalable, and cost-effective sequencing is transforming both clinical and research environments. Leading technologies from companies like Pacific Biosciences and Oxford Nanopore Technologies are setting benchmarks in the industry by offering high-fidelity sequencing at reduced costs per base. These advancements are promoting broader adoption in areas like oncology, rare disease research, and precision medicine, significantly contributing to the expansion of the market. The integration of high-throughput capabilities is thus a major growth driver that enhances performance, accessibility, and application diversity in long read sequencing.
Restraints
- Technical Challenges and Limitations
- Complexity of Data Analysis
- Limited Adoption in Clinical Settings
-
Regulatory and Ethical Considerations - Regulatory and ethical considerations are increasingly acting as a driver in the long read sequencing market by establishing trust, ensuring data integrity, and encouraging responsible use of genomic information. As governments and regulatory agencies implement clearer frameworks around the use of genetic data, it is fostering a safer and more predictable environment for both research institutions and clinical laboratories. These regulatory measures are helping to standardize sequencing protocols, improve transparency, and reduce uncertainty, which in turn supports wider adoption of long read sequencing technologies.
Ethical concerns, particularly those related to patient privacy and genomic data ownership, have prompted the development of strict compliance policies and informed consent processes. The industry's proactive approach in addressing these issues through secure data storage and sharing frameworks not only mitigates risk but also promotes public confidence. This alignment with evolving regulatory and ethical expectations is positioning long read sequencing as a reliable tool in areas like clinical diagnostics, personalized medicine, and population genomics, driving its sustained market growth.
Opportunities
- Ongoing Technological Advancements
- Growing Demand for Precision Medicine
- Expansion into Emerging Markets
- Development of Innovative Bioinformatics Tools
-
Integration with Other Omics Technologies - The growing integration of long read sequencing with other omics technologies, such as proteomics, transcriptomics, metabolomics, and epigenomics, presents a transformative opportunity for the long read sequencing market. By combining comprehensive genomic insights with multi-omics data, researchers can achieve a more holistic understanding of complex biological systems, enabling breakthroughs in areas like disease mechanisms, biomarker discovery, and personalized therapies. This convergence enhances the power of genomic analysis by bridging functional and regulatory dimensions of biology that single-omics approaches cannot capture alone.
One of the key advantages of this integration is its ability to provide high-resolution, layered datasets that facilitate more accurate interpretations of gene expression patterns, protein interactions, and metabolic pathways. Long read sequencing is particularly well-suited for this role due to its ability to resolve full-length transcripts and identify complex structural variations. When aligned with proteomic or metabolomic outputs, it offers unprecedented clarity in decoding disease etiology, progression, and therapeutic targets, especially in fields like oncology, neurogenetics, and rare disease research.
This synergy is also fostering the development of new diagnostic tools and precision medicine platforms. Multi-omics integration powered by long read sequencing is enabling real-time clinical insights and advancing predictive modeling for treatment response. Additionally, it is opening avenues for the creation of advanced computational pipelines and AI-driven analytics, further enhancing data interpretation and utility across research and clinical workflows.
As life sciences continue to evolve toward systems biology and data convergence, the strategic integration of long read sequencing with other omics fields is expected to significantly influence innovation and investment. This trend is not only expanding the application spectrum of long read technologies but also establishing them as central tools in the future of complex biomedical research and translational medicine.
Long Read Sequencing Market Competitive Landscape Analysis
Key players in Long Read Sequencing Market include,
- Pacific Biosciences of California, Inc.
- Oxford Nanopore Technologies Limited
- Quantapore, Inc.
- Element Biosciences
- BGI
- Eurofins Genomics
- F. Hoffmann-La Roche Ltd.
- MicrobesNG
- Takara Bio
- New England Biolabs
- Pacific Biosciences of California, Inc.
- Oxford Nanopore Technologies Limited
- Quantapore, Inc.
- Element Biosciences
- BGI
- Eurofins Genomics
- F. Hoffmann-La Roche Ltd.
- MicrobesNG
- Takara Bio
- New England Biolabs
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Offerings
- Market Snapshot, By Workflow
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Long Read Sequencing Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in Genomic Research
- Increasing Demand for Comprehensive Genomic Analysis
- Expanding Applications Across Various Fields
- Declining Costs of Long Read Sequencing Technologies
- Introduction of High-Throughput Platforms
- Restraints
- Technical Challenges and Limitations
- Complexity of Data Analysis
- Limited Adoption in Clinical Settings
- Regulatory and Ethical Considerations
- Opportunities
- Ongoing Technological Advancements
- Growing Demand for Precision Medicine
- Expansion into Emerging Markets
- Development of Innovative Bioinformatics Tools
- Integration with Other Omics Technologies
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Long Read Sequencing Market, By Technology, 2021 - 2031 (USD Million)
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
- Long Read Sequencing Market, By Offerings, 2021 - 2031 (USD Million)
- Consumables
- Instruments
- Services
- Long Read Sequencing Market, By Workflow, 2021 - 2031 (USD Million)
- Pre-Sequencing
- Sequencing
- Data Analysis
- Long Read Sequencing Market, By End-Use, 2021 - 2031 (USD Million)
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other End Users
- Long Read Sequencing Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN(Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Long Read Sequencing Market, By Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Pacific Biosciences of California, Inc.
- Oxford Nanopore Technologies Limited
- Quantapore, Inc.
- Element Biosciences
- BGI
- Eurofins Genomics
- F. Hoffmann-La Roche Ltd.
- MicrobesNG
- Takara Bio
- New England Biolabs
- Pacific Biosciences of California, Inc.
- Oxford Nanopore Technologies Limited
- Quantapore, Inc.
- Element Biosciences
- BGI
- Eurofins Genomics
- F. Hoffmann-La Roche Ltd.
- MicrobesNG
- Takara Bio
- New England Biolabs
- Company Profiles
- Analyst Views
- Future Outlook of the Market