Summary
Deep dive analysis into how Thermo Fisher Scientific Inc. is placed to respond to the COVID-19 crisis, by examining its sector performance and competitiveness.
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Key Highlights
- Thermo Fisher had a strong momentum before the outbreak of COVID-19 in China, followed by North America and Europe in March.
- Thermo Fisher reported organic growth of 2% in Q1 2020 compared to Q1 2019.Year over year growth was 10% in Q2 2020 and a staggering 36% in Q3 2020.The business was down to approximately 25% in China due to the outbreak of COVID-19.
- Thermo Fisher is one of the manufacturers of COVID-19 test kits to receive emergency use authorization by FDA, which will provided a competitive advantage to the company.
- On March 3rd 2020 the company announced its acquisition of Qiagen N.V. Hovever, the company announced that the deal had fallen through after a failure to receive support from 2/3 of Qiagen share holders.
Scope
The report provides a comprehensive analysis of the impact of COVID-19 on Thermo Fisher Scientific Inc. -
- It provides insights on Thermo Fisher Scientific Inc.'s exposure to the regions and businesses impacted by the COVID-19 outbreak.
- It offers an overview of the company’s revenue impact by region and market for 2020 due to the COVID-19 outbreak.
Reasons to Buy
- An overview of how Thermo Fisher Scientific Inc. will be affected by the COVID-19 pandemic."
Table of content
"Table of Contents
COVID-19 impact analysis on Thermo Fisher Scientific Inc. - Key Findings
Thermo Fisher Scientific Inc. Key Facts
Geographic spread analysis - COVID-19 vs Thermo Fisher Scientific Inc. sales
The impact of COVID-19 on regional GDP per capita levels
Thermo Fisher Scientific Inc. exposure: revenues by region and market vs regional impact levels
Thermo Fisher Scientific Inc. : revenue impact by region and market for 2020
Operational reactions from Thermo Fisher Scientific Inc.? Indications from recruitment trends
Operational reactions from Thermo Fisher’s Indications from US pricing trends
Contact us"
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The competition prevailing in the global biochemical sensor market is considerably high. As leading companies fight out for the lead in the market, product innovations and launches are on cards. Besides this, investments in research and development have scaled higher as market players aim for emerging at the fore. In order to boost operations, several players are concentrating on expanding their regional footprint, especially in Asia Pacific. Cheap labor, abundance of raw materials, and the rising demand from emerging nations make the region highly lucrative for investment, finds Research Report Insights (RRI) in a Recent study.
Some of the most prominent names in the global biochemical sensor market are GE Healthcare, Thermo Fisher Scientific, Honeywell International, Inc., Bio-Rad Laboratories, Inc., and Polestar Technologies, Inc., among others. Besides aforementioned strategies, many of the market players are also pushing mergers and acquisitions to capitalize on their expertise and expand their product portfolio.
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Overall, the global biochemical sensor market will rise at a healthy CAGR of 14.7% by 2025. At this pace, the market is expected to reach US$58.48 bn by the end of 2025, from its valuation of US$17.1 bn in 2016. Based on product, electrochemical sensors constituted the leading segment with a share of 32% in 2016. Besides this, piezoelectric sensor, thermal sensor, gas sensor, and optical sensor make other key segments in terms of product.
Regionally, North America held dominant with a share of over 29% in the global market in 2016. Europe and Asia Pacific followed closely as the second- and third-leading markets for biochemical in the same year. However, over the course of the forecast period, North America is likely to lose its market share, while Asia Pacific and Europe markets will witness accelerated pace of gains.
Application across Diverse Industries, Especially Healthcare, to Boost Growth
As biochemical sensors have found a leading end user in the healthcare sector, growth witnessed in the industry will subsequently fuel their demand. The healthcare infrastructure is a major consideration by governments when planning economic growth. Over the years, the industry has expanded exponentially. Additionally, investments in research and development are forecast to increase in the coming years. “Biochemical sensors are used in the qualitative and quantitative assessment of clinical diagnosis in the healthcare sector,” said a lead RRI analyst. “The increasing aging population, coupled with the rising incidence of chronic ailments, will fuel the demand for precise diagnosis, thus providing significant impetus to the biochemical sensor market,” he added.
Besides this, government initiatives to ensure superior food quality, advancements in material chemistry and wireless networks, the rising demand for advanced wearable biochemical sensors, and the growing population of point of care diagnostics will create lucrative market opportunities. RRI also prophesized that the rising oil extraction worldwide will tip scales in favor of the market. Rise in oil extraction would result in greater percentage of inflammable and toxic in the air. Spurred by this, the use of biochemical sensors will increase to detect the presence of toxic gas.
High Cost of Biochemical Sensors to Limit Sales
On the downside, high cost of biochemical sensors will hinder the sales to an extent. In addition, complex product design and incompatibility with real-world application portend hard-time for the market. Nevertheless, advancements in the wireless technology will help reduce the impact of aforementioned bottlenecks. The market will also gain from the rapid proliferation of wearable technology.
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The report segments the global biochemical sensor market as:
Global Biochemical Sensor Market: By Product Type
- Electrochemical Sensor
- Optical Sensor
- Gas Sensor
- Thermal Sensor
- Piezoelectric Sensor
Global Biochemical Sensor Market: By Film Deposition Material
- Titanium Oxide (TiO2)
- Fluorine Doped Tin Oxide (SnO2:F)
- Silicon Oxide (SiO2)
- Aluminum Oxide (Al2O3)
- Others
Global Biochemical Sensor Market: By Application
- Clinical Diagnosis
- Environmental Monitoring
- Food Quality Control
- Military
- Others
Global Biochemical Sensor Market: By Geography
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Russia
- France
- K.
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- UAE
- South Africa
- Rest of MEA
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of LATAM
Report Analysis@ https://www.researchreportinsights.com/report/rd/110114888/Biochemical-Sensor-Market
This report presents the worldwide Moisture Balances market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The following manufacturers are covered in this report:
Moisture Balances Breakdown Data by Type
Moisture Balances Breakdown Data by Application
This report studies the global market size of Clinical Immunoassay Analyzers in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Clinical Immunoassay Analyzers in these regions.
This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
The key manufacturers in the Clinical Immunoassay Analyzers include :
Market Size Split by Type
Market Size Split by Application
Gain Full Access of Global Clinical Immunoassay Analyzers Market with complete TOC at https://www.orbisresearch.com/reports/index/global-clinical-immunoassay-analyzers-market-insights-forecast-to-2025 .
The competition prevailing in the global biochemical sensor market is considerably high. As leading companies fight out for the lead in the market, product innovations and launches are on cards. Besides this, investments in research and development have scaled higher as market players aim for emerging at the fore. In order to boost operations, several players are concentrating on expanding their regional footprint, especially in Asia Pacific. Cheap labor, abundance of raw materials, and the rising demand from emerging nations make the region highly lucrative for investment, finds Transparency Market Research (TMR) in a new study.
Some of the most prominent names in the global biochemical sensor market are GE Healthcare, Thermo Fisher Scientific, Honeywell International, Inc., Bio-Rad Laboratories, Inc., and Polestar Technologies, Inc., among others. Besides aforementioned strategies, many of the market players are also pushing mergers and acquisitions to capitalize on their expertise and expand their product portfolio.
Overall, the global biochemical sensor market will rise at a robust CAGR of 14.7% between 2017 and 2025. At this pace, the market is expected to reach US$58.48 bn by the end of 2025, from its valuation of US$17.1 bn in 2016. Based on product, electrochemical sensors constituted the leading segment with a share of 32% in 2016. Besides this, piezoelectric sensor, thermal sensor, gas sensor, and optical sensor make other key segments in terms of product.
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Regionally, North America held dominant with a share of over 29% in the global market in 2016. Europe and Asia Pacific followed closely as the second- and third-leading markets for biochemical in the same year. However, over the course of the forecast period, North America is likely to lose its market share, while Asia Pacific and Europe markets will witness accelerated pace of gains.
Application across Diverse Industries, Especially Healthcare, to Boost Growth
As biochemical sensors have found a leading end user in the healthcare sector, growth witnessed in the industry will subsequently fuel their demand. The healthcare infrastructure is a major consideration by governments when planning economic growth. Over the years, the industry has expanded exponentially. Additionally, investments in research and development are forecast to increase in the coming years. “Biochemical sensors are used in the qualitative and quantitative assessment of clinical diagnosis in the healthcare sector,” said a lead TMR analyst. “The increasing aging population, coupled with the rising incidence of chronic ailments, will fuel the demand for precise diagnosis, thus providing significant impetus to the biochemical sensor market,” he added.
Besides this, government initiatives to ensure superior food quality, advancements in material chemistry and wireless networks, the rising demand for advanced wearable biochemical sensors, and the growing population of point of care diagnostics will create lucrative market opportunities. TMR also prophesized that the rising oil extraction worldwide will tip scales in favor of the market. Rise in oil extraction would result in greater percentage of inflammable and toxic in the air. Spurred by this, the use of biochemical sensors will increase to detect the presence of toxic gas.
Ultra-Low Temperature Freezer Market Insights and Trend Analysis By Type (Upright Ultra-Low Temperature Freezer and Chest Ultra-Low Temperature Freezer), End-User and Top Key Players, Forecast To 2024
Pune, India – August 16, 2019 —
The Global Ultra-Low Temperature Freezer Market is projected to reach USD 897.28 million with growing CAGR of 3.20% during the forecast period (2016-2024).
Eco-Friendly Refrigerators Note High Demand in Ultra-Low Temperature Freezer Market
There are several unmet needs in chronic disease therapeutics as well as fierce competition among pharmaceutical and biotechnology companies with respect to the introduction of new and advanced therapeutics in order to increase their market reach.
These factors have made way for substantial investment in research and development (R) activities, which has boosted the number of drug compounds and biological samples to be preserved for a long time.
In a recent business intelligence study, FactMR presents the nitty-gritty of the global histopathology testing equipment market considering 2013-2017 as the historic year and 2018–2028 as the stipulated timeframe.
The business report highlights the drivers, restraints, opportunities and trends affecting histopathology testing equipment market growth.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.The histopathology testing equipment market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are player 1, player 2, player 3 and player 4.The histopathology testing equipment market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing histopathology testing equipment?How the global histopathology testing equipment market does looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2029?What innovative products are being introduced by the players in the global histopathology testing equipment market?Which regions are showing the fastest market growth?Sales of consumables in the histopathology testing equipment market are estimated to be on an upswing in 2018, says the report.
The growth in sales of consumables is largely attributed to the increasing demand for reagents and antibodies.
