New Analysis from Global Industry Analysts Reveals Steady Growth for Gene Panel, with the Market to Reach $4.1 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Gene Panel – 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
Edition: 8; Released: April 2021
Executive Pool: 2772
Companies: 47 – Players covered include Agilent Technologies, Inc.; ArcherDX, Inc.; Eurofins Scientific SE; F. Hoffmann-La Roche AG; GATC Biotech AG; GENEWIZ; Illumina, Inc.; Integrated DNA Technologies (IDT), Inc.; Personalis, Inc.; QIAGEN GmbH; Thermo Fisher Scientific, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Cancer Risk Assessment, Diagnosis of Congenital Diseases, Pharmacogenetics, Other Applications); End-Use (Research & Academic Institutes, Hospital & Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies); Product & Service (Test Kits, Testing Services)
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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ABSTRACT-

Global Gene Panel Market to Reach $4.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Gene Panel estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 19% over the analysis period. Test Kits, one of the segments analyzed in the report, is projected to record a 19.5% CAGR and reach US$3.3 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 Testing Services segment is readjusted to a revised 17.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $514.2 Million in 2021, While China is Forecast to Reach $706 Million by 2026
The Gene Panel market in the U.S. is estimated at US$514.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$706 Million by the year 2026 trailing a CAGR of 18.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR. 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.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

New Analysis from Global Industry Analysts Reveals Steady Growth for Gene Panel, with the Market to Reach $4.1 Billion Worldwide by 2026 WeeklyReviewer

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