Global Long Read Sequencing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Single-Molecule Real-Time Sequencing (SMRT) and Nanopore Sequencing

By Offerings;

Consumables, Instruments, and Services

By Workflow;

Pre-Sequencing, Sequencing, and Data Analysis

By End-Use;

Academic Research, Clinical Research, Hospitals & Clinics, Pharma & Biotech Entities, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn383619442 Published Date: May, 2025 Updated Date: June, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)23.4 %
Market Size (2024)USD 2,092.54 Million
Market Size (2031)USD 9,117.59 Million
Market ConcentrationLow
Report Pages337
2,092.54
2024
9,117.59
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Offerings
    3. Market Snapshot, By Workflow
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Long Read Sequencing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Genomic Research
        2. Increasing Demand for Comprehensive Genomic Analysis
        3. Expanding Applications Across Various Fields
        4. Declining Costs of Long Read Sequencing Technologies
        5. Introduction of High-Throughput Platforms
      2. Restraints
        1. Technical Challenges and Limitations
        2. Complexity of Data Analysis
        3. Limited Adoption in Clinical Settings
        4. Regulatory and Ethical Considerations
      3. Opportunities
        1. Ongoing Technological Advancements
        2. Growing Demand for Precision Medicine
        3. Expansion into Emerging Markets
        4. Development of Innovative Bioinformatics Tools
        5. Integration with Other Omics Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Long Read Sequencing Market, By Technology, 2021 - 2031 (USD Million)
      1. Single-Molecule Real-Time Sequencing (SMRT)
      2. Nanopore Sequencing
    2. Long Read Sequencing Market, By Offerings, 2021 - 2031 (USD Million)
      1. Consumables
      2. Instruments
      3. Services
    3. Long Read Sequencing Market, By Workflow, 2021 - 2031 (USD Million)
      1. Pre-Sequencing
      2. Sequencing
      3. Data Analysis
    4. Long Read Sequencing Market, By End-Use, 2021 - 2031 (USD Million)
      1. Academic Research
      2. Clinical Research
      3. Hospitals & Clinics
      4. Pharma & Biotech Entities
      5. Other End Users
    5. Long Read Sequencing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Pacific Biosciences of California, Inc.
      2. Oxford Nanopore Technologies Limited
      3. Quantapore, Inc.
      4. Element Biosciences
      5. BGI
      6. Eurofins Genomics
      7. F. Hoffmann-La Roche Ltd.
      8. MicrobesNG
      9. Takara Bio
      10. New England Biolabs
      11. Pacific Biosciences of California, Inc.
      12. Oxford Nanopore Technologies Limited
      13. Quantapore, Inc.
      14. Element Biosciences
      15. BGI
      16. Eurofins Genomics
      17. F. Hoffmann-La Roche Ltd.
      18. MicrobesNG
      19. Takara Bio
      20. New England Biolabs
  7. Analyst Views
  8. Future Outlook of the Market