Short-read Sequencing Industry is the Next Big Thing| Fortune

Posted by Nicky Arora on January 7th, 2020

The global Short-Read Sequencing Market size is expected to reach USD 18.64 billion by 2025, at a 11.32% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for personalized medicine and companion diagnostics is anticipated to drive the growth.

In addition, initiatives taken by key players to enhance their market presence are expected to boost revenue generation in the market for short-read sequencing. For instance, in March 2019, Illumina partnered with Boai NKY Medical Holdings, a China-based producer of polyvinylpyrrolidone, to develop NGS-based systems for in-vitro diagnosis of hereditary diseases. The novel systems would be developed by using NKY's library prep kits and analysis software and Illumina’s MiniSeq system.

Other major market players have also entered into partnerships and collaborations for expansion in the Asian market as Asia Pacific offers a wide customer-base of patients suffering from chronic disorders that can be diagnosed easily using sequencing methods.

Major application areas of short-read sequencing include reproductive screening, oncology, noninvasive prenatal testing, infectious disease, and pharmacogenomics. A rise in adoption of sequencing platforms for diagnosis of the aforementioned clinical conditions is expected to have a positive impact on the overall market growth.

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Further key findings from the report suggest:

•          Next-generation Sequencing (NGS) accounted for the largest revenue share in 2018 and is expected to maintain its dominance over the forecast period, owing to the presence of substantial platforms and services offered by prominent participants in NGS is anticipated to add to the market revenue
•          Consumables product segment is expected to witness lucrative growth over the forecast period, since these products are short-lived and exhibit higher usability
•          Short read methods are most commonly adopted in the field of oncology owing to an increase in the adoption of NGS technology to advance personalized treatment for different types of cancer
•          Sequencing step dominated with the largest market share in 2018 as it is the important step of the protocols implemented in terms of time as well as consumables
•          Academic research held the largest market share in 2018 as a consequence of higher usage of these protocols in research, academic workshops, and on-site bioinformatics courses offered by universities
•          Illumina, Inc.; Thermo Fisher Scientific Inc.; 10x Genomics; and Qiagen N.V. are the prominent participants operating in the short-read sequencing market. These participants engage in new product development and strategic alliances to maintain the market share

Grand View Research has segmented the global short-read sequencing market on the basis of technology, products, application, workflow, end use, and region:

Short-read Sequencing Technology Outlook (Revenue, USD Million, 2014 - 2025)

•          Next-generation Sequencing
•          Sanger Sequencing

Short-read Sequencing Product Outlook (Revenue, USD Million, 2014 - 2025)

•          Instruments
•          Consumables
•          Services

Short-read Sequencing Application Outlook (Revenue, USD Million, 2014 - 2025)

•          Oncology
•          Clinical Investigation
•          Reproductive Health
•          HLA Typing/Immune System Monitoring
•          Metagenomics, Epidemiology & Drug Development
•          Agrigenomics & Forensics
•          Consumer Genomics

Short-read Sequencing Workflow Outlook (Revenue, USD Million, 2014 - 2025)

•          Pre-Sequencing
•          Sequencing
•          Data Analysis

About Grand View Research:

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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