Single Molecule Sequencing Technology Market Growth, Trends, Opportunities and Forecast to 2030 | Illumina, BGI Genomics Co.,Ltd., Agilent Technologies

PRESS RELEASE
Published October 4, 2023

From 2023 to 2030, the Single Molecule Sequencing Technology Market is anticipated to expand at a compound annual growth rate (CAGR) of 25.6%, reaching a value of USD 6.2 billion. Demand for personalised treatment is rising.SMS technology is being used more and more in the study and creation of novel medications and treatments.Technological developments that have reduced the cost and increased the availability of SMS.Rising incidence of chronic conditions including cancer and infectious illnesses. With the use of SMS technology, it is possible to sequence individual DNA molecules without the use of amplification.

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The Key companies profiled in the Single Molecule Sequencing Technology Market:

The study examines the Single Molecule Sequencing Technology Market’s competitive landscape and includes data on Illumina, BGI Genomics Co.,Ltd., Agilent Technologies, Macrogen, Pacific Biosciences, 10x Genomics, QIAGEN, GEEWIZ, MACROGEN, Oxford Nanopore Technologies & Others.

Global Single Molecule Sequencing Technology Market Split by Product Type and Applications

This report segments the Single Molecule Sequencing Technology Market on the basis of Types:
Prenatal Screening
Detection of Microorganism
Screening for Genetic Diseases
Tumor Diagnosis and Treatment

On the basis of Application, the Single Molecule Sequencing Technology Market is segmented into:
Medical Institution
Scientific Research Institutions
Pharmaceutical Companies
Individual User

Within the larger genomics and biotechnology market, the single molecule sequencing technology market has established itself as a crucial subsegment. Since the introduction of ground-breaking inventions, this market has grown and become much more diverse. Long-standing industry participants like Pacific Biosciences and Oxford Nanopore Technologies have kept honing their sequencing systems to increase precision and scalability while lowering prices. Disruptive technologies have also been introduced by new players and startups, which has increased competition and sparked innovation in the market. Due to the increased accessibility of genome sequencing for research organisations, healthcare organisations, and biotech enterprises as a result of this competitive environment, the market has grown.

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The constant advancement of read lengths and precision has been one of the most important recent achievements in single molecule sequencing technology. Now that sequencing systems can provide longer reads and recognise different kinds of DNA alterations, genomic analysis is more thorough and precise. Additionally, improvements in data processing tools and sample preparation methods have sped up sequencing, lowering costs and turnaround times. Applications in areas such as genomics research, clinical diagnostics, and personalised medicine have expanded due to these breakthroughs.

Regionally speaking, the Single Molecule Sequencing Technology Market is still dominated by North America. Leading sequencing technology suppliers have a significant presence in the area, and both research and clinical settings have used this technology widely. The European Union member states closely follow, with an increasing focus on genomes research and precision medicine projects. With nations like China spending extensively in genomics research and biotechnology infrastructure, the Asia-Pacific region is quickly becoming a major participant and pushing the use of single molecule sequencing technologies. The market’s international scope is a sign of how crucial a role it has played in increasing our understanding of genetics and its prospective effects on global healthcare and life sciences.

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Major Points from Table of Contents:

1 Single Molecule Sequencing Technology Market Overview
2 Company Profiles
3 Single Molecule Sequencing Technology Market Competition, by Players
4 Single Molecule Sequencing Technology Market Size Segment by Type
5 Single Molecule Sequencing Technology Market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix…

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