Report : South America Long Read Sequencing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Single-Molecule Real-Time Sequencing (SMRT), Nanopore Sequencing, Loop Genomics Long Read Sequencing), Product (Instruments, Consumables, Services), Application (Identification and fine mapping of structural variation, Tandem Repeat Sequencing, Pseudogene discrimination, Resolving allele phasing, Reproductive genomics, Cancer, Viral and Microbial Sequencing, Others), Workflow (Pre-sequencing, Sequencing, Data Analysis), End User (Academic Research Institutes, Hospitals and Clinics, Pharma and Biotechnology Companies)

Academic Research Institutes Segment to Dominate SAM Long Read Sequencing Market during 2021–2028

  According to a new market research study on “SAM Long Read Sequencing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology, Product, Application, Workflow and End User” is expected to reach US$ 150.44 million by 2028 from US$ 40.53 million in 2021. The market is estimated to grow at a CAGR of 20.6% from 2021 to 2028. The report provides trends prevailing in the SAM long read sequencing market along with the drivers and restraints pertaining to the market growth. Advantages of long read sequencing is the major factor driving the growth of the SAM long read sequencing market. However, issues associated with the shortage of skilled professionals hinder the growth of SAM long read sequencing market.

The SAM long read sequencing market is segmented based on technology, product, application, workflow and end user, and country. Based on technology, the long read sequencing market is sub-segmented into single-molecule real-time sequencing (SMRT), nanopore sequencing, and loop genomics long-read sequencing. The single-molecule real-time sequencing (SMRT) segment dominated the market in 2020 and loop genomics long-read sequencing segment is expected to be the fastest growing during the forecast period. Based on product, the long read sequencing market is categorized into instruments, consumables, and services. The consumables segment dominated the market in 2020 and services segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into identification and fine mapping of structural variation, tandem repeat sequencing, pseudogene discrimination, resolving allele phasing, reproductive genomics, cancer, viral and microbial sequencing. The identification and fine mapping of structural variation segment dominated the market in 2020 and cancer segment is expected to be the fastest growing during the forecast period. Based on workflow, the market is segmented pre-sequencing, sequencing, and data analysis. The sequencing segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on end user, the long read sequencing market is sub-segmented into academic research institutes, hospitals and clinics, and pharma and biotechnology companies. The academic research institutes, hospitals and clinics segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the market is segmented into Brazil and Argentina.

South America is witnessing a growing number of COVID-19 cases. With the outbreak of second wave COVID-19, there has been an increasing number of cases in the Latin American countries. Currently, the country is rapidly increasing its clinical programs to fight against the novel corona virus. There has been a rising focus on genomic sequencing and tests. For instance, after two days of Latin America's first case of COVID-19, the researchers at Adolfo Lutz Institute (IAL), the University of São Paulo (USP) in Brazil, and the University of Oxford published the complete genome sequence for the SARS-CoV-2 in March-2020. Moreover, In July 2020, Vale Institute of Technology (ITV) and Fiocruz planned to carry out the most extensive genome sequencing study of the new coronavirus (Sars-CoV-2) so far developed in Brazil. Vale invested R$ 2.4 million in the research. Such initiatives will bring significant growth for instrument in long read sequencing market.

Bionano Genomics; F. HOFFMANN-LA ROCHE LTD.; Illumina, Inc.; Oxford Nanopore Technologies; and PerkinElmer, Inc. among the leading companies in the SAM long read sequencing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Bionano Genomics has purchased Lineagen of Salt Lake City in order to expand its genetic screening facilities for childhood neurodevelopmental diseases and autism spectrum disorder.

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