In a recent published report, Kenneth Research has updated the market report for US bio-detection Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for US bio-detection Market products.
Despite nine years of intensive RDT&E and bio-terror mitigation programs implementation, at a cost of more than $50 billion, virtually all significant targets are as vulnerable to biological terror today as they were in September 2001.
In the words of President Obama: “we know that the successful deployment of a biological weapon whether it is sprayed into our cities or spread through our food supply could kill tens of thousands of Americans and deal a crushing blow to our economy.”
Meeting this challenge will require, among other things, shortening the bio-attack alarm response time, premium detection sensitivity and selectivity at a reasonable cost of ownership.
We forecast that over the next five years, led by 3rd generation technologies the US bio-detection market (including systems sale, service, consumables and upgrades) will grow from $1.3 billion in 2010 to $2.6 billion by 2016.
With more than 210 pages, 41 tables and 77 figures, granulated into more than 90 sub-markets this report represents a comprehensive bio-detection technologies and markets.
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The report delves into:
Market by systems sales, upgrade and service markets
Market by first, second and third generation technologies
Market by indoor, outdoor, hand-held and mobile labs segment
Market by end user (e.g. 1st responders)
Installed base by product and user categories
Leading US bio-security projects
27 vendors and their products
Current and pipeline technologies (e.g. advanced collectors-concentrators, reagent-less triggers, DNA-based diagnostics, antigen/anti-body methods, signal analysis algorithms)
Competitive analysis (e.g. barriers to entry, barriers to substitution, competitive rivalry)
Business opportunities (e.g. emerging threats, human and animal sentinel surveillance, reagent-less detection assays, IC3 compatibility)
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