The Long Read Sequencing Market in North America is expected to grow from US$ 570.24 million in 2021 to US$ 2,254.97 million by 2028; it is estimated to grow at a CAGR of 21.7% from 2021 to 2028.
The Rapid Rise of Genomic Sequencing in Healthcare
Five years ago, genomic sequencing was primarily confined to research settings. Today, it is increasingly integrated into clinical practice, with projections suggesting that genomic data from over 60 million patients will be generated in healthcare systems within the next five years. This rapid adoption has been fueled by substantial government investments, exceeding $4 billion across at least 14 countries, supporting the implementation of genomic medicine. National initiatives are driving real-world transformation by overcoming implementation barriers and generating evidence for broader adoption, further accelerating North America Long Read Sequencing Market growth.
Market Overview: North America Leads in Long-Read Sequencing
North America dominates the North America Long Read Sequencing Market, with the U.S. holding the largest share, followed by Canada. Growth in the region is driven by rising demand from biopharmaceutical and biotechnology companies, the presence of key industry players, and extensive R&D conducted by academic and research institutions. Additionally, increasing focus on advanced healthcare technologies, government and private-sector initiatives promoting precision medicine, and significant funding for genomic research are expected to further propel market expansion.
The COVID-19 pandemic has also played a pivotal role in accelerating North America Long Read Sequencing Market growth. The U.S., heavily impacted by the pandemic, has intensified its genomic surveillance efforts to track coronavirus mutations, particularly as new variants contribute to rising cases and hospitalizations. Initially lagging in sequencing efforts—ranking 43rd globally with only 3% of samples sequenced, according to the GISAID Initiative—the U.S. has since ramped up capacity to better understand and combat emerging strains.
Similarly, Canada has made significant strides in genomic research. In April 2020, Genome Canada launched the Canadian COVID Genomics Network (CanCOGeN), backed by $40 million in funding. This initiative brought together regional genome centers, public health labs, universities, hospitals, and private-sector partners to scale up COVID-19 research. Around the same time, Pacific Biosciences of California, Inc. and Labcorp collaborated to sequence thousands of SARS-CoV-2 genomes using the Sequel II system, enhancing pandemic response efforts.
These developments underscore the growing importance of long-read sequencing in healthcare and pandemic preparedness, positioning North America Long Read Sequencing Market leadership. With continued investments and technological advancements, the region is poised for exceptional revenue growth in the coming years.
North America Long Read Sequencing Market Segmentation
North America Long Read Sequencing Market -By Technology
- Single-Molecule Real-Time Sequencing (SMRT)
- Nanopore Sequencing
- Loop Genomics Long-Read Sequencing
North America Long Read Sequencing Market -By Product
- Instruments
- Consumables
- Services
North America Long Read Sequencing Market -By Application
- Identification and fine mapping of structural variation
- Tandem Repeat Sequencing
- Pseudogene discrimination
- Resolving allele phasing
- Reproductive genomics
- Cancer
- Viral and Microbial Sequencing
- Others
North America Long Read Sequencing Market -By Workflow
- Pre-sequencing
- Sequencing
- Data Analysis
North America Long Read Sequencing Market -By End User
- Academic Research Institutes
- Hospitals and Clinics
- Pharma and Biotechnology Companies
North America Long Read Sequencing Market -By Country
- US
- Canada
- Mexico
North America Long Read Sequencing Market -Company Profiles
- Bionano Genomics
- F. HOFFMANN-LA ROCHE LTD.
- Illumina, Inc.
- Oxford Nanopore Technologies
- Pacific Biosciences of California, Inc.
- PerkinElmer, Inc.
- Quantapore, Inc.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
