DUBLIN, October 26, 2021--(BUSINESS WIRE)--The "Cellular Health Testing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Cellular Health Testing estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 8.5% over the period 2020-2027.
Single-Test Panels, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$2.4 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 Multi-Test Panels segment is readjusted to a revised 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $695.6 Million, While China is Forecast to Grow at 8% CAGR
The Cellular Health Testing market in the U.S. is estimated at US$695.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$729.1 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
Select Competitors (Total 46 Featured):
Bio-Reference Laboratories, Inc.
Cell Science Systems Corp.
Cleveland Heartlab, Inc.
Dna Labs India
Laboratory Corporation of America Holdings
Quest Diagnostics, Inc.
Repeat Diagnostics Inc. (Repeat Dx)
SpectraCell Laboratories, Inc.
Telomere Diagnostics, Inc. (Tdx)
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Cellular Health Testing - Revolutionary Technology Provides Overview of Health at Cellular Level
North America Projected to Retain Maximum Share in the Market
Rising Demand for Accurate Telomere Length Test Steers Market Growth
Digital Transformation in Healthcare to Offer Significant Market Gains
Focus on Healthy Life Expectancy (HLE) as a Measure of Population Health Promise Growth Opportunities
Cellular Approach to Tackle Chronic Diseases Ensure Steady Growth Prospects
Continuous Rise in Geriatric Population Throws Focus on Cellular Heath Screening
Government Policies and Measures Promoting Preventative Healthcare Augurs Well
Personalized and Precision Medicine Presents Application Opportunities for Cellular Health Screening
Growing Popularity of Direct-To-Consumer Approach to Testing Drives Market Demand
Challenges in Sample Transportation
Variation in Pricing of Test Kits
Covid-19 Impact on Cellular Health Testing Market
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/uoxayy
View source version on businesswire.com: https://www.businesswire.com/news/home/20211026006039/en/
Laura Wood, Senior Press Manager
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