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NUCLEIC ACID TESTING

Global Market Trajectory & Analytics

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  •  DATE

    JULY 2020

  •  TABLES

    207

  •  PAGES

    283

  •  EDITION

    20

  •  PRICE

    USD $5450

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Nucleic Acid Testing estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 6.3% over the period 2020-2027.Nucleic Acid Test Kits, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumables segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 21.8% share of the global Nucleic Acid Testing market.
The Nucleic Acid Testing market in the U.S. is estimated at US$721.5 Million in the year 2020. The country currently accounts for a 27.07% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$877.1 Million in the year 2027 trailing a CAGR of 9.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$877.1 Million by the year 2027.We bring years of research experience to this 20th edition of our report. The 283-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Abbott Molecular, Inc.; Beckman Coulter - Life Science Division; Becton, Dickinson and Company; Bio-Rad Laboratories, Inc.; F. Hoffmann-La Roche AG; Illumina, Inc.; Novartis International AG; Sequenom, Inc.; Siemens Healthineers; Tecan Group Ltd.
» Product Type [Nucleic Acid Test Kits, and Consumables) » End-Use (Hospitals, Pathology Laboratories, Research Institutes, and Clinics)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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