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Gene Expression Analysis Market Report by Products & Services, Technology, Capacity, End-User, and Region 2024-2032

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    Report

  • 136 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5642506
Description Jump to:
The global gene expression analysis market size reached US$ 5.1 Billion in 2023. Looking forward, the market is projected to reach US$ 11.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.92% during 2023-2032.

Gene expression analysis (GEA) is the method of extracting data from a gene to investigate the behaviour of biological systems. It involves different processes such as gene transcription, translation, post-translational modification of protein and RNA splicing. The data obtained from this analysis is used for the production of proteins, Ribonucleic Acid (RNA) and various microbiological products. They are further utilized for the development of new drugs and improving the existing diagnostic methods. GEA is now widely considered to be essential in explaining the mechanisms that cause numerous medical ailments, owing to which it finds extensive applications in pharmacogenomics, biomarking, toxicology and diagnostics.

The increasing adoption of targeted molecular therapeutics, along with the growing demand for personalized medicines, is among the key factors driving the growth of the market. GEA has proven to be a powerful tool in molecular biology studies, which are used to understand the functioning of genes, diagnose ailments and facilitate drug development. Furthermore, the growing prevalence of chronic diseases, such as cancer, tuberculosis, and cardiovascular and genetic disorders is providing a significant boost to the market growth.

Additionally, the development of personalized medicines to cure these ailments has enabled the modifications of diagnostic and treatment methods according to the individual patient requirement. Moreover, various technological advancements, such as the advent of Next Generation Sequencing (NGS), along with the development of genomic databases, higher success rates of GEA and enhanced focus on research and development (R&D) in gene therapy, are further projected to drive the market growth.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global gene expression analysis market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on products & services, technology, capacity and end-user.

Breakup by Products & Services:

  • Consumables
  • Instruments
  • Services

Breakup by Technology:

  • Polymerase Chain Reaction (PCR)
  • Next Generation Sequencing (NGS)
  • DNA Microarray
  • Sanger Sequencing
  • Others

Breakup by Capacity:

  • Low-to Mid-Plex Gene Expression Analysis
  • High-Plex Gene Expression Analysis

Breakup by End-User:

  • Pharmaceutical and Biotech Companies
  • Academic Institutes and Research Centers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

Competitive Landscape

The competitive landscape of the industry has also been examined with some of the key players being Agilent Technologies, Inc., BGI Genomics Co., Ltd., Bio-Rad Laboratories, Inc., Eurofins GSC Lux SARL, F. Hoffmann-La Roche Ltd, GE Healthcare, Illumina, Inc., Oxford Gene Technology IP Limited, Pacific Biosciences of California Inc., PerkinElmer Inc., QIAGEN GmbH, Thermo Fisher Scientific Inc. etc.

Key Questions Answered in This Report

1. How big is the global gene expression analysis market?
2. What is the expected growth rate of the global gene expression analysis market during 2024-2032?
3. What are the key factors driving the global gene expression analysis market?
4. What has been the impact of COVID-19 on the global gene expression analysis market?
5. What is the breakup of the global gene expression analysis market based on the product & services?
6. What is the breakup of the global gene expression analysis market based on the technology?
7. What is the breakup of the global gene expression analysis market based on the capacity?
8. What is the breakup of the global gene expression analysis market based on the end-user?
9. What are the key regions in the global gene expression analysis market?
10. Who are the key players/companies in the global gene expression analysis market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gene Expression Analysis Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact Of COVID-19
5.4 Market Forecast
6 Market Breakup by Products & Services
6.1 Consumables
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Instruments
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Polymerase Chain Reaction (PCR)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Next Generation Sequencing (NGS)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 DNA Microarray
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sanger Sequencing
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Capacity
8.1 Low-to Mid-Plex Gene Expression Analysis
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 High-Plex Gene Expression Analysis
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End-User
9.1 Pharmaceutical and Biotech Companies
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Academic Institutes and Research Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Europe
10.2.1 Germany
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 France
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 United Kingdom
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 Italy
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Spain
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Russia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Asia-Pacific
10.3.1 China
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 Japan
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 India
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 South Korea
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Australia
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Indonesia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Argentina
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.4.4 Colombia
10.4.4.1 Market Trends
10.4.4.2 Market Forecast
10.4.5 Chile
10.4.5.1 Market Trends
10.4.5.2 Market Forecast
10.4.6 Peru
10.4.6.1 Market Trends
10.4.6.2 Market Forecast
10.4.7 Others
10.4.7.1 Market Trends
10.4.7.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Turkey
10.5.1.1 Market Trends
10.5.1.2 Market Forecast
10.5.2 Saudi Arabia
10.5.2.1 Market Trends
10.5.2.2 Market Forecast
10.5.3 Iran
10.5.3.1 Market Trends
10.5.3.2 Market Forecast
10.5.4 United Arab Emirates
10.5.4.1 Market Trends
10.5.4.2 Market Forecast
10.5.5 Others
10.5.5.1 Market Trends
10.5.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
12.1 Overview
12.2 Inbound Logistics
12.3 Operations
12.4 Outbound Logistics
12.5 Marketing and Sales
12.6 Service
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Agilent Technologies, Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 BGI Genomics Co., Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bio-Rad Laboratories, Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Eurofins GSC Lux SARL
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 F. Hoffmann-La Roche Ltd
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 GE Healthcare
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Illumina, Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Oxford Gene Technology IP Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Pacific Biosciences of California Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 PerkinElmer Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 QIAGEN GmbH
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Thermo Fisher Scientific Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Gene Expression Analysis Market: Major Drivers and Challenges
Figure 2: Global: Gene Expression Analysis Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Gene Expression Analysis Market: Breakup by Products & Services (in %), 2023
Figure 4: Global: Gene Expression Analysis Market: Breakup by Technology (in %), 2023
Figure 5: Global: Gene Expression Analysis Market: Breakup by Capacity (in %), 2023
Figure 6: Global: Gene Expression Analysis Market: Breakup by End-User (in %), 2023
Figure 7: Global: Gene Expression Analysis Market: Breakup by Region (in %), 2023
Figure 8: Global: Gene Expression Analysis Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Gene Expression Analysis (Consumables) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Gene Expression Analysis (Consumables) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Gene Expression Analysis (Instruments) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Gene Expression Analysis (Instruments) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Gene Expression Analysis (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Gene Expression Analysis (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Gene Expression Analysis (Polymerase Chain Reaction- PCR) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Gene Expression Analysis (Polymerase Chain Reaction- PCR) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Gene Expression Analysis (Next Generation Sequencing- NGS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Gene Expression Analysis (Next Generation Sequencing- NGS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Gene Expression Analysis (DNA Microarray) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Gene Expression Analysis (DNA Microarray) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Gene Expression Analysis (Sanger Sequencing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Gene Expression Analysis (Sanger Sequencing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Gene Expression Analysis (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Gene Expression Analysis (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Gene Expression Analysis (Low-to Mid-Plex Gene Expression Analysis) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Gene Expression Analysis (Low-to Mid-Plex Gene Expression Analysis) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Gene Expression Analysis (High-Plex Gene Expression Analysis) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Gene Expression Analysis (High-Plex Gene Expression Analysis) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Gene Expression Analysis (Pharmaceutical and Biotech Companies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Gene Expression Analysis (Pharmaceutical and Biotech Companies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Gene Expression Analysis (Academic Institutes and Research Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Gene Expression Analysis (Academic Institutes and Research Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Gene Expression Analysis (Other End-Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Gene Expression Analysis (Other End-Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Europe: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Europe: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Germany: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Germany: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: France: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: France: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: United Kingdom: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: United Kingdom: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Italy: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Italy: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Spain: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Spain: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Russia: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Russia: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Asia Pacific: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Asia Pacific: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: China: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: China: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Japan: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Japan: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: India: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: India: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: South Korea: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: South Korea: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Australia: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Australia: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Indonesia: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Indonesia: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Argentina: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Argentina: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Colombia: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Colombia: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Chile: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Chile: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Peru: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Peru: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Others: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Others: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Middle East and Africa: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Middle East and Africa: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Turkey: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 92: Turkey: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Saudi Arabia: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 94: Saudi Arabia: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Iran: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 96: Iran: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 97: United Arab Emirates: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 98: United Arab Emirates: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 99: Others: Gene Expression Analysis Market: Sales Value (in Million US$), 2018 & 2023
Figure 100: Others: Gene Expression Analysis Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 101: Global: Gene Expression Analysis Industry: SWOT Analysis
Figure 102: Global: Gene Expression Analysis Industry: Value Chain Analysis
Figure 103: Global: Gene Expression Analysis Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Gene Expression Analysis Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Gene Expression Analysis Market Forecast: Breakup by Products & Services (in Million US$), 2024-2032
Table 3: Global: Gene Expression Analysis Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Gene Expression Analysis Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
Table 5: Global: Gene Expression Analysis Market Forecast: Breakup by End-User (in Million US$), 2024-2032
Table 6: Global: Gene Expression Analysis Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Gene Expression Analysis Market: Competitive Structure
Table 8: Global: Gene Expression Analysis Market: Key Players

Companies Mentioned

  • Agilent Technologies Inc.
  • BGI Genomics Co. Ltd.
  • Bio-Rad Laboratories Inc.
  • Eurofins GSC Lux SARL
  • F. Hoffmann-La Roche Ltd
  • GE Healthcare
  • Illumina Inc.
  • Oxford Gene Technology IP Limited
  • Pacific Biosciences of California Inc.
  • PerkinElmer Inc.
  • QIAGEN GmbH
  • Thermo Fisher Scientific Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages136
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 5.1 Billion
Forecasted Market Value ( USD ) by 2032 $ 11 Billion
Compound Annual Growth Rate8.9%
Regions CoveredGlobal
No. of Companies Mentioned12

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