South America Long Read Sequencing Market
No. of Pages: 113 | Report Code: TIPRE00024447 | Category: Life Sciences
No. of Pages: 113 | Report Code: TIPRE00024447 | Category: Life Sciences
South America includes Argentina, Brazil and Rest of South America. The factors driving the growth of the market include, growing government support, increasing number of genome sequence programs, and increasing prevalence of chronic disease. Brazil is gaining traction in the adoption of genomic research. Initially, Brazil invested US$11 million to begin a genomics program through various project. Currently, it is receiving funding from numerous organizations worldwide. This initiative proved to be very positive for Brazil in that it has fostered a strong genomics influence in the healthcare sector. Brazil is the preferred source of biomass to feed synthetic microbes, although synthetic biology and agricultural biotechnology are way ahead in developing agriculture products. The Brazilian industry is on the edge of releasing the potential of meeting biotechnology and data science that can hold for the sector. Also, the developments in genomics, artificial intelligence, and remote sensing have enormous potential to enhance human, animal, and environmental health and enabling this progress. Surge in prevalence of chronic diseases is the major factor driving the growth of the SAM long read sequencing market.
South America is witnessing a growing number of COVID-19 cases. With the outbreak of second wave COVID-19, there has been an increasing number of cases in the Latin American countries. Currently, the country is rapidly increasing its clinical programs to fight against the novel corona virus. There has been a rising focus on genomic sequencing and tests. For instance, after two days of Latin America's first case of COVID-19, the researchers at Adolfo Lutz Institute (IAL), the University of São Paulo (USP) in Brazil, and the University of Oxford published the complete genome sequence for the SARS-CoV-2 in March-2020. Moreover, In July 2020, Vale Institute of Technology (ITV) and Fiocruz planned to carry out the most extensive genome sequencing study of the new coronavirus (Sars-CoV-2) so far developed in Brazil. Vale invested R$ 2.4 million in the research. Such initiatives will bring significant growth for instrument in long read sequencing market.
Strategic insights for the South America Long Read Sequencing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 40.53 Million |
| Market Size by 2028 | US$ 150.44 Million |
| Global CAGR (2021 - 2028) | 20.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Long Read Sequencing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The long read sequencing market in SAM is expected to grow from US$ 40.53 million in 2021 to US$ 150.44 million by 2028; it is estimated to grow at a CAGR of 20.6% from 2021 to 2028. Five years ago, genomic sequencing was restricted to the research environment. At present, it is increasingly used in clinical practice, and over the next five years, genomic data from over 60 million patients are expected to be generated within healthcare. Genomic sequencing is rapidly transitioning into clinical practice, and implementation into healthcare systems has been supported by substantial government investment, totaling over US$ 4 billion in at least 14 countries. These national genomic-medicine initiatives drive transformative change under real-life conditions while addressing barriers to implementation and gathering evidence for broader adoption, thereby driving the market growth. Such strategic initiatives are likely to offer the market players growth opportunities to attain a significant position and grow in the 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.
A few major primary and secondary sources referred to for preparing this report on the long read sequencing market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bionano Genomics; F. HOFFMANN-LA ROCHE LTD.; Illumina, Inc.; Oxford Nanopore Technologies; and PerkinElmer, Inc. are among others.
The South America Long Read Sequencing Market is valued at US$ 40.53 Million in 2021, it is projected to reach US$ 150.44 Million by 2028.
As per our report South America Long Read Sequencing Market, the market size is valued at US$ 40.53 Million in 2021, projecting it to reach US$ 150.44 Million by 2028. This translates to a CAGR of approximately 20.6% during the forecast period.
The South America Long Read Sequencing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Long Read Sequencing Market report:
The South America Long Read Sequencing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Long Read Sequencing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Long Read Sequencing Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Long Read Sequencing Market
