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Global Genomics and Proteomics Reagents, Research Kits and Analytical Instruments Market to Reach $113 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Genomics and Proteomics Reagents, Research Kits and Analytical Instruments estimated at US$56.9 Billion in the year 2020, is projected to reach a revised size of US$113 Billion by 2027, growing at a CAGR of 10.3% over the analysis period 2020-2027. Biochips & Microarrays, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$32.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Sample Preparation Kits segment is readjusted to a revised 11.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $15.6 Billion, While China is Forecast to Grow at 14% CAGR
The Genomics and Proteomics Reagents, Research Kits and Analytical Instruments market in the U.S. is estimated at US$15.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.9 Billion by the year 2027 trailing a CAGR of 13.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 8.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.8 Billion by the year 2027.



Electrophoresis Kits Segment to Record 10% CAGR
In the global Electrophoresis Kits segment, USA, Canada, Japan, China and Europe will drive the 10% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.8 Billion in the year 2020 will reach a projected size of US$20.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.1% CAGR through the analysis period.