The long read sequencing market, valued at $0.6 billion in 2023, is set for significant growth, with projections reaching $11.6 billion by 2034. This represents a robust compound annual growth rate (CAGR) of 30.96% from 2024 to 2034. Factors such as the increasing prevalence of genetic disorders, expanding research and development efforts, and a growing demand for personalized medicine are fueling this rapid market expansion.
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The long read sequencing market is experiencing rapid growth, driven by several key trends and advancements in the field. Here are some of the most prominent trends shaping the market:
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