Service Laboratory
Global Service Laboratories Market to Reach $61.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Service Laboratories estimated at US$44.6 Billion in the year 2020, is projected to reach a revised size of US$61.2 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027.
The U.S. Market is Estimated at $12.9 Billion, While China is Forecast to Grow at 4.2% CAGR
The Service Laboratories market in the U.S. is estimated at US$12.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.8 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
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