$1.6 Billion Worldwide Specimen Validity Testing Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Specimen Validity Testing – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The publisher brings years of research experience to the 9th edition of this report. The 228-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.

Global Specimen Validity Testing Market to Reach $1.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Specimen Validity Testing estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.

Products, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$1.1 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 Services segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $334.3 Million, While China is Forecast to Grow at 4.6% CAGR

The Specimen Validity Testing market in the U.S. is estimated at US$334.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$279.8 Million by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Competitors identified in this market include, among others:

• Acm Global Laboratories
• Alfa Scientific Designs, Inc.
• Clinical Reference Laboratory, Inc.
• Express Diagnostics Int’l, Inc.
• Premier Brands of America, Inc.
• Quest Diagnostics, Inc.
• Sciteck, Inc.
• Thermo Fisher Scientific, Inc.
  

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Specimen Validity Testing Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/r7v9uf

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