Third Generation Sequencing Market Growing a Remarkable CAGR of 15.60% by 2029, Key Drivers, Size, Share, Demand and Opportunity Analysis

Third Generation Sequencing Market report studies the market and the Healthcare industry comprehensively by considering several aspects. The report helps in achieving a sustainable growth in the market, by providing a well-versed, specific and most relevant product and market information. Inputs from various industry experts, essential for the detailed market analysis, have been employed very carefully to generate this finest market research report. The company profiles of all the top market players and brands are listed in the Third-generation sequencing report which puts light on their moves like product launches, product enhancements, joint ventures, mergers and acquisitions and their effect on the sales, import, export, revenue and CAGR values.

Data Bridge Market Research analyses that the third generation sequencing market which was USD 9.01 billion in 2022, is expected to reach USD 28.73 billion by 2030, at a CAGR of 15.60% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The third-generation sequencing (TGS) era of DNA sequencing technology has gained a place in biology as a way to study genomes, transcriptomes, and metagenomes at unprecedented resolution. These technologies use single-molecule sequencing to provide the following benefits: long reads with no amplification, direct detection of epigenetic modifications on native DNA, and direct sequencing through regions of the genome that are inaccessible or difficult to analyze using short-read platforms.

Some of the major players operating in the Third Generation Sequencing market are:

• Thermo Fisher Scientific, Inc. (U.S.)
• Illumina, Inc. (U.S.)
• QIAGEN(Germany)
• Hoffmann-La Roche Ltd. (Switzerland)
• Oxford Nanopore Technologies Ltd. (U.K.)
• Macrogen, Inc. (South Korea)
• Perkin Elmer, Inc. (U.S.)
• Pacific Biosciences of California, Inc. (U.S.)
• BGI (China)
• Bio-Rad Laboratories, Inc. (U.S.)
• Myriad Genetics (U.S.)
• Agilent Technologies, Inc. (U.S.)

Drivers

• Rising applications of Third-generation sequencing

Third-generation sequencing technologies can produce much longer reads than second-generation sequencing technologies. These advantages have significant implications for genomic science as well as general biology research. These technologies are actively being developed, and reductions in high error rates are expected. These all are the certain factors that help the market to grow.

Opportunities

• Technological advances

Certain factors driving market growth include advances in sequencing technology, increased application in clinical diagnosis and drug discovery, and increased R&D investments. DNA sequencing can be used for diagnostics, personalized medicine, biomarkers, forensics, reproductive health, and other purposes. Third generation sequencing technology has enormous potential in cancer diagnostics and therapeutics clinical research and development. Next-generation sequencing (NGS) technology has recently demonstrated its capability as a high-throughput and cost-effective approach to identifying and characterising clinically actionable genetic variants across multiple genes in a single test.

Key Market Segmentation:

Type

• Single Molecule Real Time (SMRT) DNA Sequencing
• Nanopore-based Single-Molecule Analysis Technology
• Other

Application

• Genome Sequencing
• Methylation Studies
• Single Nucleotide Polymorphisms (SNP) Detection

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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How Does the Report Aid Your Business Discretion?

• This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
• The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
• A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
• New player entry analysis and the scope of new business models
• The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
• A detailed consultation service based on historical as well as current timelines to ensure feasible forecast predictions
• A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
• Details on market estimations, market size, dimensions
• A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high-end growth in this Market

The complete Report is available (Including the full TOC, Tables, and Figures, Graphs as well as Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-third-generation-sequencing-market

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

• What are the key growth parameters for this global market during the forecast period?
• Which key players are expected to hold the largest market share over the forecast period?
• Who are the leading vendors and manufacturers in this market?
• What are the key strategies adopted by leading players in the market for business development and geographical expansion?
• Which end-use industries can trigger high demand in the market over the forecast period?
• What are the key segments in this market?
• Which regional player will have anticipated leading the global market in terms of size?
• What is the impact of the novel coronavirus pandemic?
• Which obstacles must new players overcome in order to occupy a major position?

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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