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 "Gel Documentation Systems - 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: 1333
Companies: 46 - Players covered include Analytik Jena AG; Bio-Rad Laboratories, Inc.; Cleaver Scientific Ltd.; Corning, Inc.; eikonix Ltd.; GE Healthcare; Gel Company; Syngene International Ltd.; TBG Diagnostics Ltd.; Thermo Fisher Scientific, Inc.; VWR International LLC and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hospitals & Diagnostic Centers, Pharma & Biotech Companies, Academic & Research Institutes)
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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Global Gel Documentation Systems Market to Reach $319 Million by 2026
Amid the COVID-19 crisis, the global market for Gel Documentation Systems estimated at US$264.4 Million in the year 2020, is projected to reach a revised size of US$319 Million by 2026, growing at a CAGR of 3.1% over the analysis period. Hospitals & Diagnostic Centers, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$79.1 Million 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 Pharma & Biotech Companies segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $80.8 Million in 2021, While China is Forecast to Reach $56.9 Million by 2026
The Gel Documentation Systems market in the U.S. is estimated at US$80.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$56.9 Million by the year 2026 trailing a CAGR of 2.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Academic & Research Institutes Segment to Reach US$159.9 Million by the year 2026
In the global Academic & Research Institutes segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$108.8 Million in the year 2020 will reach a projected size of US$132.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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