Beijing Oriental Biotech Co., Ltd.

DUBLIN--( BUSINESS WIRE )--The "Long Read Sequencing Market By Techniques, By Product, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering. According to this report the long read sequencing market was valued at $603.48 million in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 22.3% from 2022 to 2031. Long-read sequencing is a class of DNA sequencing technique and is also known the third-generation sequencing. It aids in overcoming and coping with throughput, scope, and accuracy application limits in genomics. In comparison to short-read sequencing, it has a variety of benefits such as short-read sequencing can only create up to 600 bases of DNA, while as long read sequencing technology may produce reads of more than 10,000 bases. Extensive application of this technological environment is expected to result in an improvement in comprehension of evolution of pathogens, cancer, genetic variety, and drug resistance in intricate sections of genome that are crucial for clinical care. Major factors that drive growth of the global long read sequencing market include rise in utilization of sequence analysis methodologies and surge in demand for genome mapping program. In addition, increase in investments by key players toward R&D related to long-read sequencing technologies and rise in prevalence of genetic disorders and chronic diseases such as cancer further propel the market growth. However, lack of skilled professionals, and ethical and legal limitations are expected to restrain growth of the long-read sequencing market during the forecast period. In addition, nanopore sequencer has a lower read accuracy when compared to short read sequencers, which further hampers growth of the market. Conversely, use of cloud computing as a potential data management service and high growth potential in untapped emerging countries are anticipated to provide lucrative opportunities among the market players. Key Benefits This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the long read sequencing market analysis from 2021 to 2031 to identify the prevailing long read sequencing market opportunities. The market research is offered along with information related to key drivers, restraints, and opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the long read sequencing market segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the global market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as global long read sequencing market trends, key players, market segments, application areas, and market growth strategies. Key Market Segments By Application Research Applications Clinical Applications By Techniques Single-Molecule Real-Time Sequencing Nanopore Sequencing Others By Product Instruments Type System Software Consumables Services By End User Academic and Government Research Institutes Pharmaceutical and Biotech Companies Hospitals and Clinics Others By Region North America U.S. Canada Mexico Europe Germany France UK Italy Spain Rest of Europe Asia-Pacific Japan China India Australia South Korea Rest of Asia-Pacific LAMEA Brazil Saudi Arabia South Africa Rest of LAMEA Key Market Players Agilent Technologies BaseClear B.V Cantata Bio Element bioscience F. Hoffmann-La Roche Ltd Future Genomics Technologies B.V Genome Transcriptome Facility of Bordeaux GrandOmics JIANGSU HENFRUI PHARMACEUTICALS CO. LTD llumina, Inc MicrobesNG NOVOGENE Oxford Nanopore Technologies Limited Pacific Biosciences of California, Inc Takara Bio, Inc Thermo Fisher Scientific, Inc. St Vincents Hospital Austrailia For more information about this report visit https://www.researchandmarkets.com/r/mhp1v4

Not everyone who completes a life sciences PhD wants to continue working in a laboratory or in research. They may just have grown out of it or found that the work isn’t what they thought it was. Or maybe they still love science and would rather find a different way of making a living than conducting academic or commercial research. With that in mind, here are 12 possible options for Ph.D. life scientists who want careers outside of the laboratory. 12 Careers For Life Scientists Outside of the Lab # JOB AVERAGE SALARY RELATED JOBS 1 Technical Writing $78,060 Jobs 2 Business Analysis $81,410 Jobs 3 Biotech/Pharma Sales $I2I,833 Jobs 4 Health Informatics $131,490 Jobs 5 Medical Science Liaison $63,920 Jobs 6 Competitive Industrial Intelligence $62,560 Jobs 7 FDA Reviewer $100,806 Jobs 8 CIA/DoD/DARPA $58k-130k Jobs 9 QA/QC $55,073 Jobs 10 Regulatory Affairs $80,159 Jobs 11 Marketing Manager $102,560 Jobs 12 Business Dev. $98,881 Jobs 1. Technical Writing Biopharma has an incredible need not only for people with higher degrees who understand technical materials but those who can write as well. There are grants and all the documentation required by regulatory agencies that need to be written. The U.S. Bureau of Labor Statistics states that technical writers had a median annual salary of $78,060 per year in 2021. A caveat to that number—that includes all levels of education and all fields, ranging from IT to engineering to business to life sciences. In biopharma, where the degree demands may be higher, the pay can often be higher. Technical Writing Jobs → 2. Business Analysis Financial analysts provide insight and guidance to businesses and individuals on making investment decisions. For people with life science backgrounds, this often means working with venture capital firms or investment banks. The Bureau of Labor Statistics says the median annual salary in 2021 for financial analysts was $81,410 per year. That’s probably completely understating the millions of dollars a successful venture capitalist can make through involvement with a successful biotech startup. Business Analysis Jobs → 3. Biotech and Pharma Sales Many people with higher degrees find satisfaction as biopharmaceutical sales reps. If you’re not a “people person,” this probably isn’t right for you, but if you can tie your scientific interests into talking to people about a company’s products, this can be a lucrative area. According to BioSpace's 2022 US Life Sciences Salary Report, the average salary is $I2I,833. Sales in Biotechnology Jobs → 4. Health Informatics Health informatics professionals use their knowledge of life sciences and healthcare, information systems, databases, and IT security to make sense of the enormous amount of data available. Also called data science, although some sources feel they are distinct fields that overlap. It’s a huge area in biopharma. The Bureau of Labor Statistics reports that Computer and Information Research Scientists had a median annual pay in 2015 of $131,490 per year and from 2014 to 2024 is expected to grow at 11 percent, faster than average. Health Informatics Jobs → 5. Medical Science Liaison This is viewed as the highest-paying non-executive biopharma job in the U.S. The Medical Science Liaison Society (MSLS) defines it as “a specific role within the pharmaceutical, biotechnology, medical device, CRO and other healthcare industries. MSLs have advanced scientific training and academic credentials consisting of a doctorate degree (PhD, PharmD, MD) in the life sciences. They concentrate on a specific Therapeutic Area (i.e. Oncology, Cardiology, CNS, Pulmonary, Hematology, Surgery, Women’s Health Care, etc) and disease state.” A survey by MSLS found that an MSL is likely to make $132,452 per year, with a Senior MSL making $156,928 and a Manager making $187,206. Medical Science Liaison Jobs → 6. Competitive Industrial Intelligence This falls into market research analysts. These individuals study market conditions to evaluate the potential sales of a product or service. The Bureau of Labor Statistics indicates that in 2021, the median pay was $63,920 per year. Competitive Industrial Intelligence Jobs → RELATED: Top 12 Biotech Companies Hiring Now 7. FDA/Reviewer/Inspector These positions involved inspecting drug manufacturing facilities, following up on adverse reaction reports, and overseeing the regulatory processes involved in drug approvals. In 2021, the annual base salary for an FDA Investigator was $100,806. FDA/Reviewer/Inspector Jobs → 8. CIA/DoD/DARPA There are job opportunities for life science PhDs in the Central Intelligence Agency, Department of Defense, and the Directorate of Advanced Research Projects Administration (DARPA). For example, the CIA has positions open for a Technical Researcher in a variety of fields, including Applied Physics, Bioinformatics, Biology, Optics & Electrochemistry and others. The pay is between $58,638 to $130,692. Similar Jobs → 9. Quality Control and Assurance (QA/QC) The biopharma industry has a huge need for specialists in quality control and quality assurance, monitoring manufacturing operations, and ensuring the quality of the drugs that hit the market. According to Payscale.com, the median salary for a QC Chemist is $55,073 a year. QA and QC Jobs → 10. Regulatory Affairs Another related area is regulatory affairs, overseeing and managing all the regulatory filings within the U.S. and internationally for pharmaceutical companies. ZipRecruiter reports that the national average for someone in regulatory affairs is $80,159. Regulatory Affairs Jobs → 11. Pharmaceutical/Biotechnology Marketing Manager Viewed as a little broader than pharmaceutical sales positions, these jobs develop wider marketing strategies for biopharma products, including print, radio and TV ads, corporate communications and other approaches to marketing. According to BioSpace's 2022 US Life Sciences Salary Report, the average salary is $102,560. Pharma/Biotech Marketing Jobs → 12. Business Development Again, these positions can overlap with sales and marketing jobs, as well as medical liaison positions. Part of the job involves developing strategies for expanding business and identifying new markets and approaches to those markets. Glassdoor indicates that the national average salary for a business development manager is $98,881. Business Development Jobs → The Takeaway There are undoubtedly numerous others, especially for PhDs willing to go outside their comfort zones. Take the time, if you’re interested in working outside the laboratory, to make a list of your broader job skills. It may be more important to downplay the specifics of your degree, focus on your broader interests and abilities and indicate that you are looking for further challenges. Most importantly, network—especially outside your technical network. You never know the options available to you unless you ask.