A $29.2 Billion Global Opportunity for Genomics by 2026 - New Research from StrategyR
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Genomics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Edition: 6; Released: January 2022
Executive Pool: 3089
Companies: 233 - Players covered include Agilent Technologies, Inc.; BGI Europe; Bio-Rad Laboratories, Inc.; Danaher Corporation; Epistar Corporation; Eurofins Scientific SE; F. Hoffmann-La Roche AG; GE Healthcare; Illumina, Inc.; Oxford Nanopore Technologies Ltd.; Pacific Biosciences of California, Inc.; Qiagen NV; Thermo Fisher Scientific, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product and Services (Instruments/Systems, Consumables, Services); Technology (Sequencing, Microarray, PCR, Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Genomics Market to Reach $29.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Genomics estimated at US$17.5 Billion, is projected to reach a revised size of US$29.2 Billion by 2026, growing at a CAGR of 8.8% over the analysis period. Instruments/Systems, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$9.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumables segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.8 Billion in 2021, While China is Forecast to Reach $5.1 Billion by 2026
The Genomics market in the U.S. is estimated at US$5.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2026 trailing a CAGR of 8.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.
Services Segment to Reach US$4.6 Billion by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.