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Global Cellular Health Testing Industry (2020 to 2027) - Growing Popularity of Direct-To-Consumer Approach to Testing Drives Market Demand - ResearchAndMarkets.com

·3-min read

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

  • Genova Diagnostics

  • Immundiagnostik AG

  • Laboratory Corporation of America Holdings

  • Life Length

  • Quest Diagnostics, Inc.

  • Repeat Diagnostics Inc. (Repeat Dx)

  • Segterra, Inc.

  • SpectraCell Laboratories, Inc.

  • Telomere Diagnostics, Inc. (Tdx)

  • Zimetry LLC

Key Topics Covered:

I. METHODOLOGY

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

  • Key Challenges

  • Limited Reimbursement

  • Challenges in Sample Transportation

  • Variation in Pricing of Test Kits

  • Covid-19 Impact on Cellular Health Testing Market

III. MARKET ANALYSIS

IV. COMPETITION

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/

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